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Waterfront · Condominium
$1,285,000$1,044 / sqft
456 NE 29th St # 1505, Miami FL 33137
Listed
2
Bedrooms
2
Bathrooms
1,231 sqft
Interior
2028
Year built
$1,610 / mo
HOA
Condominium
Type
About this home
Situated along the Biscayne Bay waterfront in Edgewater, The Cove Residences is a luxury 40-story tower offering a collection of 134 thoughtfully curated homes. This boutique building features expansive interiors, soaring ceilings, and private terraces in every home, creating an urban sanctuary that seamlessly blends indoor and outdoor living. Residence 1505 is a 1231-sq-ft two-bedroom, two bathroom with 10-ft ceilings and a 145-sq-ft terrace, 1,376 Total SF. Triple north, south, and west exposures bathe the space in natural light all day and frame stunning sunset views through expansive floor-to-ceiling windows. The kitchen features Calacatta Gold countertops and backsplash with Bosch and Thermador appliances, while the spa-inspired bath offers double vanities, stone countertops, and Calacatta Gold wet walls. Residents enjoy nearly 40,000 sq ft of amenities, including a bayfront infinity pool, wellness spa, spin auditorium, grand theatre, and rooftop summer kitchen and more. All images are digital renderings.
Features
- Built-in Features
- Closet Cabinetry
- Cooking Island
- Elevator
- Pantry
- Den/Library/Office
- Open Balcony
- Other
- Bay
- Ocean View
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–$5,500.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.