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3
Bedrooms
2
Bathrooms
1,062 sqft
Interior
2005
Year built
$540 / mo
HOA
Condominium
Type
About this home
Welcome to one of the best values in Malibu Bay! This beautifully maintained 3-bedroom, 2-bath first-floor condo offers the perfect combination of comfort, convenience, and peace of mind. The owner has invested approximately $12,000-$14,000 in recent improvements, including a brand-new A/C system and new stainless steel kitchen appliances, making this home truly move-in ready. Enjoy a bright, open layout with tile flooring, spacious bedrooms, and the convenience of assigned parking spaces. Located in the sought-after, gated Malibu Bay community, residents enjoy resort-style amenities including a sparkling pool, fitness center, clubhouse, playground, and beautifully maintained grounds. Minutes from Baptist Hospital, the Florida Turnpike, shopping, dining, schools, Homestead Air Reserve Base, and the Florida Keys. Whether you're a first-time buyer, downsizing, or looking for an excellent investment opportunity, this home checks all the boxes. Schedule your private showing today before it's gone!
Features
- First Floor Entry
- Pantry
- Walk-In Closet(s)
- Great Room
- Exterior Cat Walk
- None
Leasing
- Minimum lease
- 180 days
- Leases permitted per year
- 2
- 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 3-bed rentals across Miami-Dade, from 200 active listings; the middle half ask $2,900–$11,500.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.