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Waterfront · Condominium
$599,900$490 / sqft
6620 Indian Creek Drive # 602, Miami Beach FL 33141
Listed
2
Bedrooms
1,224 sqft
Interior
2016
Year built
$2,121 / mo
HOA
Condominium
Type
About this home
Fully furnished & move-in ready! This rare 3-level townhome-style residence at Peloro offers 1,224 SF with 1BR plus a versatile den - ideal as a home office or guest room - 1.5 baths, and a private rooftop terrace with stunning intracoastal views. Features include impact glass, ceramic tile flooring, full-size in-unit washer/dryer, and 1 assigned garage space. Boutique building with only 113 units, just one block from the beach. Building amenities: 24-hour concierge, valet, pool, jacuzzi, sauna, gym, and library/business center. HOA covers cable, Wi-Fi, water, common areas & pool service. Unbeatable location - steps to Publix, minutes to Bal Harbour Shops, and 20 min to MIA. Leasing permitted up to 12x/year (30-day min), great for investors. Furniture included - just bring your suitcase!
Features
- Lobby
- Cooking Island
- Fire Sprinklers
- Volume Ceilings
- Walk-In Closet(s)
- Intracoastal View
- Water
Leasing
- Minimum lease
- Not stated
- Ok To Lease With Res
- No Daily Rentals
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.