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Condominium
$369,000$577 / sqft
420 15th St # 205, Miami Beach FL 33139
Listed
1
Bedrooms
2
Bathrooms
640 sqft
Interior
1937
Year built
$900 / mo
HOA
Condominium
Type
About this home
**Prime South Beach Opportunity – Daily Short-Term Rentals Allowed!** Exceptional and fully legal short-term rental opportunity (Airbnb/VRBO) with **no minimum rental restrictions** in the heart of South Beach. This bright and spacious 1-bedroom, 2-bathroom residence is ideally situated on the second floor of a boutique elevator building. Bathed in natural light, the apartment offers a functional and comfortable layout perfect for guests or personal use. Convenient laundry facilities are located right on the floor. Unbeatable location just minute away from world-class dining, Lincoln Road, shopping, and the beach. A turnkey, high-demand asset ready to maximize your cash flow from day one.
Features
- Pantry
- Walk-In Closet(s)
- Other
- Garden View
Leasing
- Minimum lease
- 1 day
- Leases permitted per year
- 12
- Daily Rentals Allowed
Leasing terms as stated in the MLS listing, not verified by us. The association’s governing documents control what is actually permitted and can change — confirm before you buy.
Location
Approximate — shows the building, not the unit.
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 1-bed rentals in Miami Beach, from 200 active listings; the middle half ask $2,300–$3,900.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.