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Single Family Residence
$4,675,000$837 / sqft
1606 S Bayshore Dr, Miami FL 33133
Listed
7
Bedrooms
7
Bathrooms
5,588 sqft
Interior
2026
Year built
None
HOA
Single Family Residence
Type
About this home
Excellent investment opportunity. Property is currently operating as a successful luxury short-term vacation rental with high rental demand and established rental history. Prime location with convenient access to Coral Gables, Key Biscayne, Brickell, Downtown Miami, Miami Beach and the Miami Design District. Ideal for an investor seeking an income-producing Miami asset with flexibility for personal use. Rental history available to serious qualified buyers upon request. Furniture negotiable. Contact Listing Agent for additional information and showing availability.
Features
- First Floor Entry
- Media Room
- Sauna
- Utility Room/Laundry
- Barbeque
- Built-In Grill
- Pool
Location
Approximate — shows the building, not the unit. Open in maps (opens in a new tab)
Estimated loan & HOA
$23,639
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 7-bed rentals across Miami-Dade, from 19 active listings; the middle half ask $15,000–$60,000.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.