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Condominium at 253 NE 2nd St # 617, Miami FL 33132Active
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Waterfront · Condominium
$399,990$409 / sqft

253 NE 2nd St # 617, Miami FL 33132

1
Bedrooms
2
Bathrooms
978 sqft
Interior
2008
Year built
$1,226 / mo
HOA
Condominium
Type

About this home

This two-story loft features all the upgrades a homeowner could desire including 19-foot floor-to-ceiling impact windows, electronic blinds and an upgraded kitchen, bathroom, and tile floors to complement your upscale lifestyle. It also includes a washer/dryer, assigned parking space on the same floor and valet service. Enjoy 4 pools with a poolside Tiki bar, indoor and outdoor hot tubs, a media room, a private spa, a party room with a pool table, a kitchen, and a bar. The unit comes with an extra storage space. The apartment is available for rent with a minimum lease of 30 days making it appealing to investors that focus on midterm rentals.

Features

  • Closet Cabinetry
  • Barbeque
  • Courtyard
  • Open Balcony
  • Bay
  • Skyline

Location

Approximate — shows the building, not the unit. Open in maps (opens in a new tab)

Estimated loan & HOA

$3,249

Loan payment and HOA only. Property tax and insurance are significant here and are not included.

Principal & interest
$2,023
HOA
$1,226 / mo

Illustration only — not a loan offer, quote, or commitment. Assumes a 30-year loan at 6.5% with 20% down (rates as of July 2026); your actual terms will differ.

Schedule a tour

Request a private or video tour with a local agent.

Courtesy of
We R Florida LLC

Run the numbers

We fill in the price and the building's HOA dues. That leaves rent, tax, insurance and maintenance — they depend on your exemptions, your insurer and the unit, so we don't guess them. Vacancy and the loan terms below start at common defaults; change them.

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 rent, 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. 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.