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Bedrooms
1
Bathrooms
470 sqft
Interior
1965
Year built
$879 / mo
HOA
Condominium
Type
About this home
Completely gut-renovated and redesigned, this spectacular turnkey residence is nestled within the exclusive, eight-acre Palm Bay community. Floor-to-ceiling sliding glass hurricane windows offer unobstructed, panoramic vistas of Biscayne Bay from all main living areas. Enjoy a resort-caliber lifestyle featuring a bayfront pool and jacuzzi, a modern fitness center, and tennis/pickleball courts—plus direct access for paddleboarding and kayaking. With a private gate connecting you to Legion Park’s vibrant weekend farmers market and a location just minutes from the Design District and Wynwood, this home perfectly balances tranquil waterfront luxury with urban convenience. Fully funded reserves, concrete restoration nearly complete, and Seller to pay current special assessment in full at closing.
Features
- First Floor Entry
- Closet Cabinetry
- East Of Us1
- Exterior Cat Walk
- Barbeque
- Tennis Court(s)
- Bay
Leasing
- Minimum lease
- 90 days
- Leases permitted per year
- 4
- No Daily Rentals
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 studio rentals across Miami-Dade, from 200 active listings; the middle half ask $1,999–$3,000.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.