All listings
Pending
Pending1 / 28
Photo 1 of 28
Waterfront · Condominium
$565,000$488 / sqft
601 NE 36th St # 1404, Miami FL 33137
Listed
2
Bedrooms
3
Bathrooms
1,158 sqft
Interior
2005
Year built
$1,645 / mo
HOA
Condominium
Type
About this home
Located in one of Miami’s fastest-growing luxury corridors, this high-floor residence at Blue on the Bay offers unobstructed, protected views of Biscayne Bay. Unit 1404 stands out in today’s evolving Edgewater market with a rare advantage: its primary water views are not impacted by nearby or future developments. As the neighborhood continues to attract luxury branded projects and major investment, this residence remains positioned on the quiet side, facing the bay and away from direct construction corridors, preserving both privacy and long-term value. Recently upgraded with a renovated kitchen including wine cooler, new washer and dryer, finished closets, keyless entry, and fully renovated bathrooms. Designed by Arquitectonica, Blue on the Bay offers a full-service lifestyle with two pools, including a lap pool, jacuzzi, BBQ area, gym, business center, party room, and 24-hour valet and front desk. The building’s lobby is also scheduled for remodeling, adding further appeal to this well-positioned asset. Ideal for both end-users and investors seeking a stable, high-demand residence with protected views.
Features
- Lobby
- First Floor Entry
- Built-in Features
- Fire Sprinklers
- Open Balcony
- Bay
- Water View
Leasing
- Minimum lease
- 90 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 2-bed rentals across Miami-Dade, from 200 active listings; the middle half ask $2,350–$5,750.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.