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Condominium
$183,000$649 / sqft
763 Pennsylvania Ave # 131, Miami Beach FL 33139
Listed
1
Bedrooms
1
Bathrooms
282 sqft
Interior
1936
Year built
$871 / mo
HOA
Condominium
Type
About this home
OCCUPIED UNTIL JANUARY 5TH. PREMIUM LOCATION Only 2 blocks from Ocean Drive Beach. Top Floor Corner Furnished South Beach Studio with natural ligh open sky views. Hotel Royal Condominium Rent Day one. No restrictions. Others for sale in this building with no remodeled original features for sale between 170-180.Paid 180 2 years ago spent 6,000 in for the bathroom, floors, paint upgrades. Great Airbnb Rental. 24 hours Front Desk Service. Solarium on 2nd floor. Hotel cleans it for 80: bedding towels toiletries, coffee service. Sleeps 3 but other studios do 4, You could too with bunked beds. Street Parking with the City for the Owner. HOA 871 includes all utilities electrical water trash wifi, tv cable. Special assessment for 6 months. I'm the owner & motivated
Features
- First Floor Entry
- Closet Cabinetry
- Custom Mirrors
- Elevator
- Fire Sprinklers
- Entrance Foyer
- Courtyard
- Other View
- Skyline
Location
Approximate — shows the building, not the unit.
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.