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Condominium at 1500 Bay Rd # 1228S, Miami Beach FL 33139Active
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Waterfront · Condominium
$690,000$644 / sqft

1500 Bay Rd # 1228S, Miami Beach FL 33139

2
Bedrooms
2
Bathrooms
1,072 sqft
Interior
1960
Year built
$1,293 / mo
HOA
Condominium
Type

About this home

VIEW VIEW VIEW !!! Welcome to this beautiful apartment facing the bay and Miami skyline. Spacious 2bedroom/2bathrooms ( tot 1072 square feet ) in the heart of South Beach Luxurious amenities include Infinity Pool, Spa, Jacuzzi, World Class Fitness Center with yoga, spinning, boot camp classes, beach volleyball, basketball, day spa/salon, restaurant with full bar providing pool lounge service, doggy day care, on-site dry cleaners and market/liquor store. Short term rentals allowed with a 30-day minimum lease

Features

  • No Interior Features
  • Bay
  • Pool Area View
  • Skyline

Location

Approximate — shows the building, not the unit. Open in maps (opens in a new tab)

Estimated loan & HOA

$4,782

Loan payment and HOA only. Property tax and insurance are significant here and are not included.

Principal & interest
$3,489
HOA
$1,293 / mo

Illustration only — not a loan offer, quote, or commitment. Assumes a 30-year loan at 6.5% with 20% down (rates as of July 2026); your actual terms will differ.

Schedule a tour

Request a private or video tour with a local agent.

Courtesy of
United Realty Group Inc

Run the numbers

We fill in the price and the building's HOA dues. That leaves rent, tax, insurance and maintenance — they depend on your exemptions, your insurer and the unit, so we don't guess them. Vacancy and the loan terms below start at common defaults; change them.

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 rent, 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. 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.