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Waterfront · Condominium
$299,000$331 / sqft
7207 Bay Dr # 11, Miami Beach FL 33141
Listed
2
Bedrooms
1
Bathrooms
903 sqft
Interior
1949
Year built
$874 / mo
HOA
Condominium
Type
About this home
Beautiful corner unit on the second and top floor in Normandy Isles, Miami Beach. Best location within the building, closest to the canal, with open water views of the Tatum Waterway from the living area and one of the two bedrooms. Only one neighboring unit, offering privacy, abundant natural light, and a true little paradise feeling! The unit is in pristine condition and features central A/C replaced in 2021 with permit, impact windows and doors, beautiful hardwood floors, and an in-unit washer and dryer. Many other upgrades have been made by the owner since they purchased the property in 2021. Boutique waterfront building with lush courtyards, pool, and BBQ area overlooking the canal. Just a 10-minute walk from the beach and close to the waterfront promenade, parks, restaurants, cafés, and shops. Minutes from Normandy Shores Golf Club and close to neighborhood upgrades, including the 72nd Street Community Complex with library and aquatic center, plus new retail such as Target and Publix coming soon. A rare opportunity to own the best-located waterfront corner condo in Miami Beach. 2026 approved budget and HOA fee include full reserves! Unit does not come with a parking space. Street parking only. The unit is sold furnished, with no value attributed to the furniture.
Features
- Other
- Canal
- Pool Area View
Leasing
- Minimum lease
- 180 days
- Leases permitted per year
- 2
- Daily Rentals Allowed
- Ok To Lease
- Okay To Lease 1st Year
Run the numbers
We fill in the price and the building's HOA dues. That leaves tax, insurance and maintenance — they depend on your exemptions, your insurer and the unit, so we don't guess them. Rent starts from what comparable units are asking nearby. Vacancy and the loan terms below start at common defaults; change them.
Median asking rent for 2-bed rentals in Miami Beach, from 200 active listings; the middle half ask $3,595–$10,000.That is what landlords ask, not what units let for — edit it if you know better.
Our default, not a market figure
From the listing
Depends on assessed value & exemptions
Varies widely by building
Repairs, turnover, management
Cap rate
Cash-on-cash
Monthly cash flow
Net operating income
Enter property tax, insurance, maintenance to see the returns. A cap rate calculated without every cost overstates the deal — often by half — so we don't show a partial one.
Illustration only — not a loan offer, quote, or investment advice. We are not a lender and neither offer nor arrange financing. The loan fields start at 20% down over 30 years at 6.5% (rates as of July 2026); that is a nominal rate for illustration, not an APR, and your actual terms will differ. Cap rate is unlevered; cash-on-cash counts the down payment as invested capital and excludes closing costs.
Listing data from the MIAMI Association of REALTORS® (MIAMIRE) IDX program. Information deemed reliable but not guaranteed. Demo data shown for layout purposes.