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Waterfront · Condominium
$1,169,000$1,023 / sqft
6620 Indian Creek Dr # 609, Miami Beach FL 33141
Listed
2
Bedrooms
2
Bathrooms
1,143 sqft
Interior
2016
Year built
$1,981 / mo
HOA
Condominium
Type
About this home
Perched on one of the highest and most private lines in this 7-story boutique waterfront building that lower floors simply cannot match. This turnkey, move-in-ready home has $100,000+ investment in upgrades, features polished Volakos white marble flooring throughout the main living areas, a quartz kitchen backsplash, custom drywall soffits with integrated LED cove lighting, all-new recessed lighting, custom blackout roller shades, and designer closets throughout. Enjoy sweeping, unobstructed water views, bay views, and Miami skyline views from your private balcony, with sightlines toward the multimillion-dollar mansions of Allison Island and the yachts passing by on Indian Creek. Just minutes from Millionaire's Row. Peloro is a boutique waterfront building with a 24-hour concierge/front desk, valet parking, a waterfront jacuzzi, sauna, fitness center, rooftop terrace, library/business center, and BBQ area. Located in North Shore, just two blocks from the beach and minutes from Bay Harbor Islands, Surfside, and North Bay Village, with easy access to Publix, Walgreens, shops, and restaurants. Boat dock and community boating facilities available. 30-day rentals allowed. Ideal as a primary residence, seasonal home, or investment property.
Features
- Lobby
- First Floor Entry
- Barbeque
- Courtyard
- Fruit Trees
- Open Balcony
- Bay
- Intracoastal View
- Skyline
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 Miami Beach, from 200 active listings; the middle half ask $3,595–$10,000.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.