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Waterfront · Condominium
$375,000$500 / sqft
1228 West Ave # 1506, Miami Beach FL 33139
Listed
1
Bedrooms
2
Bathrooms
750 sqft
Interior
1971
Year built
$806 / mo
HOA
Condominium
Type
About this home
Spectacular Penthouse-level residence at Bayview Terrace. This 15th-floor unit offers the ultimate privacy of the building’s top floor with no neighbors above. Featuring 750 sq. ft. of living space, this bright and airy residence provides amazing, dual-aspect views including serene vistas of Biscayne Bay to the west and the Atlantic Ocean to the east. The layout includes a spacious balcony, a large primary suite, and 1.5 bathrooms. This unit also includes one assigned parking space, an essential asset in this neighborhood. Residents enjoy access to premium bayfront building amenities, including an outdoor pool, fitness center, and 24-hour lobby security. Ideally located on West Avenue, the property is in close proximity to Whole Foods, Lincoln Road, and Miami Beach's top dining and entertainment. A rare opportunity to own a top-floor home with stunning bay and ocean vistas. Easy to show
Features
- Other
- Open Balcony
- Bay
- Intracoastal View
- Ocean View
- Skyline
- Water View
Leasing
- Minimum lease
- 365 days
- Leases permitted per year
- 1
- Ok To Lease
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 1-bed rentals in Miami Beach, from 200 active listings; the middle half ask $2,350–$4,500.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.