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Condominium
$290,000$644 / sqft
1215 West Ave # 203, Miami Beach FL 33139
Listed
1
Bedrooms
1
Bathrooms
450 sqft
Interior
2016
Year built
$931 / mo
HOA
Condominium
Type
About this home
South Beach Condo Hotel - the perfect way to get a taste of Miami and let your vacation home make money when you can't be here. Premium west orientation features an oversized balcony with tree-top views above the landscaped palms. 9 foot ceilings and floor to ceiling impact-windows flood the unit with afternoon sun. Relax by the rooftop pool and sundeck, or grab a juice in the 1st floor Joe+Juice. Chic modern coastal interior with kitchenette, combo washer/dryer, walk in closet and modern bath. Unit is in a well-managed rental program that handles everything and delivers a monthly check with no headaches or hassle. Not designed for full-time living though - this is a weekend / pied a terre /investment property! Property does not allow AirBnb! High occupancy and realiable income
Features
- Interior Hall
- Lobby
- First Floor Entry
- Elevator
- Garden View
- Skyline
Leasing
- Minimum lease
- 1 day
- Leases permitted per year
- 365
- Ok To Lease
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.
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.