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Waterfront · Condominium
$585,000$557 / sqft
31 SE 5th St # 1608, Miami FL 33131
Listed
2
Bedrooms
2
Bathrooms
1,051 sqft
Interior
2006
Year built
$263 / mo
HOA
Condominium
Type
About this home
Beautiful split-plan 2 bedroom, 2 bath condo in the heart of Brickell, Miami's premier financial district. Overlooks the pool. Steps from Brickell City Centre, with its world-class shopping and fine dining. One block west of Brickell Avenue, with direct access to the people mover, and along the Miami river. Near downtown and with easy access to the airport. Resort-style living on 5 floors: 2 swimming pools, jacuzzi, sauna and steam room, a 3-story fitness center, a dedicated business center, 24-hour concierge, valet parking, bike storage, and electric vehicle charging stations. A residence that defines the Brickell lifestyle.
Features
- Interior Hall
- Lobby
- Split Bedroom
- Open Balcony
- Pool Area View
- Skyline
Leasing
- Minimum lease
- 365 days
- Leases permitted per year
- 1
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 2-bed rentals in Brickell, from 200 active listings; the middle half ask $4,000–$6,500.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.