1500 Bay Rd 1558S, Miami Beach, FL 33139 — MLS photo

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1500 Bay Rd 1558S, Miami Beach, FL 33139

Active · Condominium

$575,000

1500 Bay Rd 1558S, Miami Beach, FL 33139

Beds
1
Baths
1
Living area
788 sq ft
$ / sq ft
$730/sq ft
Year built
1960
Lot size
—
HOA fee
$950
Annual tax
—

About this property

Fully tastefully remodeled and turnkey Penthouse 1-bedroom at Flamingo South Beach, showcasing refined finishes and a bright, sophisticated design. Enjoy sweeping bay and skyline views, an open living area filled with natural light, and a modern kitchen with peninsula seating and stainless-steel appliances. The bedroom features custom-built closet cabinetry, while updated flooring and curated décor elevate the residence with a luxurious, move-in-ready feel. Sold fully furnished—including all West Elm high end furniture—offering a seamless lifestyle or an immediate rental-ready opportunity. The unit has also generated strong income for the current investor-owner, further underscoring its value and appeal. Flamingo South Beach is one of the few buildings in Miami Beach that permits 30-day minimum short-term rentals. While not all owners choose to take advantage of this flexibility, the property may be rented short term, including on platforms such as Airbnb or Vrbo, with the proper permits. The community delivers a true resort experience with two bayfront pools, cabanas, hot tub, world-class fitness center with dedicated complimentary fitness classes for residents, studios, on-site Pura Vida, café, restaurant, salon, and an expansive Baywalk. Gated entry, 24-hour security, and on-site conveniences enhance everyday comfort. Prime walkability to Sunset Harbour, Lincoln Road, Trader Joe’s, Whole Foods, Publix, and Miami Beach’s top dining and wellness destinations.

Property location

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1500 Bay Rd 1558S, Miami Beach, FL 33139

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Facts & features

Interior

Bedrooms
1
Bathrooms
1
Living area
788 sq ft

Exterior & Structure

Property type
Condominium
Year built
1960

Parking

Not provided in the MLS listing.

HOA, Community & Financials

Association fee
$950
County
Miami-Dade
MLS listing ID
A11921620
Listing status
Active

Investment intelligence

Yield & ROI calculator

Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.

Estimated monthly cash flow

-$2,222

Cap rate
1.1%
Net yield
1.1%
Cash-on-cash return
-16.6%
Gross yield
6.3%
Mortgage payment
$2,726/mo
Down payment
$143,750
Loan amount
$431,250
Annual NOI
$6,050

Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.