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Condominium
$535,000$624 / sqft
1658 Bay Rd # 504, Miami Beach FL 33139
Listed
1
Bedrooms
2
Bathrooms
858 sqft
Interior
1970
Year built
$550 / mo
HOA
Condominium
Type
About this home
Experience the best of South Beach living in a highly desirable area in this meticulously renovated corner unit. No detail was overlooked. Complete gut renovation. Enjoy peace of mind with a brand-new AC system w/ ductwork, upgraded electric panel, new water heater. The kitchen features premium Quartzite countertop, Bosch appliances, premium marble bathroom w/ custom cabinetry, Kohler sink designed by Daniel Arsham. Porcelain tile flooring flows seamlessly throughout, while custom doors, Legrand outlets, LG washer and dryer add comfort and style. It is a quiet, well-maintained boutique building with full reserves and low HOA fees. Located just steps from Sunset Harbour, Lincoln Road, and the Venetian Causeway, you’re at the epicenter of South Beach’s most vibrant and walkable neighborhood.
Features
- First Floor Entry
- Elevator
- Open Balcony
- Bay
- Water View
Leasing
- Minimum lease
- 365 days
- Leases permitted per year
- 1
- No Daily Rentals
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 1-bed rentals in Miami Beach, from 200 active listings; the middle half ask $2,350–$4,500.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.