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Condominium
$215,000$456 / sqft
1045 Meridian Ave # 5, Miami Beach FL 33139
Listed
0
Bedrooms
1
Bathrooms
472 sqft
Interior
1936
Year built
$446 / mo
HOA
Condominium
Type
About this home
Charming South Beach Studio in Prime Location Discover this beautifully maintained studio condo nestled on a quiet, private street in the heart of South Beach. This inviting unit features the rare convenience of an in-unit washer and dryer, huge walking closet, making everyday living effortless. The building is small, intimate, and well-kept, offering a sense of privacy that’s hard to find in the area. can be rented in $1,900/$2,000 per month with low association fees, this property is an excellent opportunity for investors or future end-users. Enjoy the best of Miami Beach living with walking distance to the beach, top-rated shops, and vibrant local amenities. Just steps away, you’ll find a large public park offering tennis courts, pools, a kids’ playground, and more, perfect for outdoor enthusiasts and families alike. This is a fantastic chance to own a turnkey unit in one of the most desirable neighborhoods in South Beach—quiet, convenient, and full of lifestyle perks.
Features
- First Floor Entry
- Other
- Other View
Leasing
- Minimum lease
- 365 days
- Leases permitted per year
- 1
- Ok To Lease
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 studio rentals in Miami Beach, from 200 active listings; the middle half ask $1,800–$3,000.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.