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Waterfront · Condominium
$599,000$394 / sqft
900 Bay Dr # 225, Miami Beach FL 33141
Listed
2
Bedrooms
2
Bathrooms
1,520 sqft
Interior
1963
Year built
$1,838 / mo
HOA
Condominium
Type
About this home
Spacious and beautifully updated residence at the prestigious King Cole Condominium in Miami Beach! This 1,520 SF apartment features an open and inviting living and dining area, wood floors, and an updated kitchen with contemporary cabinetry, stainless steel appliances, and a breakfast bar. The generously sized bedrooms, two beautifully appointed bathrooms, and ample walk-in closet offer comfort and functionality. Enjoy relaxing on the private balcony surrounded by tropical greenery and beautiful sunset views. King Cole is a waterfront community offering an exceptional lifestyle with resort-style amenities, including a bayfront pool, fitness center, marina, and 24-hour security. Ideally located in Miami Beach NOBE, with convenient access to South Beach, Bal Harbour, shopping, dining, and major thoroughfares. A wonderful opportunity to enjoy spacious living and the South Florida waterfront lifestyle!
Features
- First Floor Entry
- East Of Us1
- Barbeque
- Fruit Trees
- Open Balcony
- Bay
- Garden View
- Intracoastal View
Leasing
- Minimum lease
- 365 days
- Leases permitted per year
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 in Miami Beach, from 200 active listings; the middle half ask $3,600–$10,000.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.