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Waterfront · Condominium
$317,500$527 / sqft
690 SW 1st Ct # 1227, Miami FL 33130
Listed
0
Bedrooms
1
Bathrooms
602 sqft
Interior
2006
Year built
$750 / mo
HOA
Condominium
Type
About this home
New York–style loft living in the heart of prime Brickell with this rare, south-facing, open-concept studio featuring soaring exposed concrete ceilings, expansive floor-to-ceiling glass, and serene pool views, offered in original condition as an exceptional blank canvas for end-users to add their personal touch and maximize instant equity or for investors seeking strong rental income. Delivered vacant or tenant-occupied on a flexible month-to-month lease, complete with one assigned parking space, direct Miami River and marina access, unbeatable walkability just steps to Brickell City Centre, Mary Brickell Village, and top dining, and full access to luxury resort-style amenities—including an infinity-edge pool, hot tub, spa, sauna, steam room, state-of-the-art fitness center, boxing ring, racquetball court, club room, private event lounges, and resident party spaces—all situated within a financially sound building boasting healthy, fully funded reserves, top-tier management, zero special assessments, and no active litigation, making it easy to show, so text the listing agent for access, showings.
Features
- First Floor Entry
- Built-in Features
- Elevator
- Open Balcony
- Other View
- Pool Area View
- Skyline
Leasing
- Minimum lease
- 180 days
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 studio rentals in Brickell, from 70 active listings; the middle half ask $2,600–$3,000.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.