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Waterfront · Condominium
$493,000$440 / sqft
500 Bayview Dr, Sunny Isles Beach FL 33160
Listed
2
Bedrooms
2
Bathrooms
1,120 sqft
Interior
1969
Year built
$1,090 / mo
HOA
Condominium
Type
About this home
**PH20 – Arlen House, Sunny Isles Beach** Exceptional penthouse with breathtaking, unobstructed views in the heart of Sunny Isles Beach. This spacious 2-bedroom, 2-bathroom unit offers a desirable split-bedroom floor plan, marble floors throughout, and an expansive living area surrounded by incredible water views. The large balcony is the perfect place to enjoy the Intracoastal, waterways, ocean and spectacular South Florida sunsets. The primary bedroom is spacious and private with beautiful views, while the second bedroom is generously sized and located on the opposite side of the residence. The kitchen offers abundant cabinet and counter space and opens to the main living area. Located at Arlen House, directly across from the beach, with easy access to the best of Sunny Isles Beach, including restaurants, shopping and entertainment. A wonderful opportunity to own a penthouse with some of the most impressive views in the building. Maintenance includes - AC / Internet / Cable TV / Water and Insurance.
Features
- Split Bedroom
- Walk-In Closet(s)
- Open Balcony
- Intracoastal View
- Ocean View
- Water View
Leasing
- Minimum lease
- 180 days
- Leases permitted per year
- 1
- No Lease First 2 years
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 2-bed rentals across Miami-Dade, from 200 active listings; the middle half ask $2,300–$5,569.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.