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Waterfront · Condominium
$255,000$223 / sqft
2841 NE 163rd St # 402, North Miami Beach FL 33160
Listed
3
Bedrooms
2
Bathrooms
1,145 sqft
Interior
1969
Year built
$1,022 / mo
HOA
Condominium
Type
About this home
Immaculate corner unit 2BR + Den (currently used as a 3rd bedroom for children or as a private office) with a flexible layout that can function as two separate units, each with its own private entry. This bright, south-facing residence features tile flooring, newer AC, a tankless water heater, and an updated electrical panel. Bathrooms offer modern vanities and counters, and the kitchen is well maintained. Enjoy a private balcony with views of NE 163rd St and the Oleta River in sought-after Eastern Shores. The building has no assessments, strong reserves, and recently passed its 50-year recertification, with a completed reserve study. Recent upgrades include concrete restoration, fresh paint, and new glass balconies. The waterfront community adjacent to Oleta Park offers a lakeside heated pool, fitness center, onsite manager, library, BBQ area, shared laundry, secured entry, and one assigned parking space plus ample guest parking. HOA covers water; rentals permitted after two years. Conveniently located about five minutes from the beach, dining, shopping, Aventura Mall, and Bal Harbour.
Features
- Open Balcony
- Bay
Leasing
- Minimum lease
- 365 days
- Leases permitted per year
- 1
- No Lease First 2 years
Leasing terms as stated in the MLS listing, not verified by us. The association’s governing documents control what is actually permitted and can change — confirm before you buy.
Location
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 3-bed rentals across Miami-Dade, from 200 active listings; the middle half ask $3,300–$12,000.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.