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Condominium
$269,000$598 / sqft
1215 West Ave # 408, Miami Beach FL 33139
Listed
1
Bedrooms
1
Bathrooms
450 sqft
Interior
2016
Year built
$931 / mo
HOA
Condominium
Type
About this home
Exceptional investment opportunity on prestigious West Avenue in a modern, recently built condominium offering participation in a professionally managed hotel program. Designed for owners seeking flexible personal use with seamless rental management while away, this residence provides an attractive alternative to short-term rentals, which are not permitted in the building. The unit is currently enrolled in the hotel program. Features include an advanced smart-home internet control system, valet parking, and a sleek contemporary design. Ideally located just steps from Whole Foods, top dining, boutique shopping, and the energy of Lincoln Road, this property delivers the ultimate Miami Beach lifestyle. A perfect pied-à-terre combining convenience, style, and strong income potential in one of South Beach’s most desirable neighborhoods.
Features
- Lobby
- Other
- East Of Us1
- Other View
Leasing
- Minimum lease
- 1 day
- Leases permitted per year
- 2
- Ok To Lease
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
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 $2,350–$4,500.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.