159 NE 6th St 5015, Miami, FL 33132 — MLS photo

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159 NE 6th St 5015, Miami, FL 33132

Active · Condominium

$1,700,000

159 NE 6th St 5015, Miami, FL 33132

Beds
3
Baths
3
Living area
1,246 sq ft
$ / sq ft
$1,364/sq ft
Year built
2024
Lot size
—
HOA fee
$2,800
Annual tax
—

About this property

Luxury 3-Bedroom Penthouse on the 50th Floor | Short-Term Rental Approved Exceptional opportunity to own a 3-bedroom penthouse on the 50th floor in Gale Miami, one of the few luxury buildings in Downtown Miami officially approved for short-term rentals. This high-floor residence offers breathtaking panoramic views of the city skyline and water, abundant natural light, and a modern open layout designed for both comfort and functionality. The penthouse features a spacious living and dining area, a contemporary kitchen with premium finishes, and three well-proportioned bedrooms ideal for owner-occupants or high-end rental guests. Elevated ceilings and floor-to-ceiling windows enhance the sense of space and exclusivity. Residents and guests enjoy hotel-style amenities, including a resort-style pool, state-of-the-art fitness center, spa, concierge services, and a professionally managed environment. The building allows daily, weekly, and monthly rentals, making it a rare asset suitable for primary residence, second home, or income-producing investment. Located in the heart of Downtown Miami, just minutes from Brickell, Bayside, Wynwood, Port of Miami, and major transportation routes. Strong rental demand year-round. A true turnkey penthouse combining luxury living and investment flexibility.

Property location

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159 NE 6th St 5015, Miami, FL 33132

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Facts & features

Interior

Bedrooms
3
Bathrooms
3
Living area
1,246 sq ft

Exterior & Structure

Property type
Condominium
Year built
2024

Parking

Not provided in the MLS listing.

HOA, Community & Financials

Association fee
$2,800
County
Miami-Dade
MLS listing ID
A11933798
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

-$8,316

Cap rate
-0.2%
Net yield
-0.2%
Cash-on-cash return
-21.0%
Gross yield
4.9%
Mortgage payment
$8,059/mo
Down payment
$425,000
Loan amount
$1,275,000
Annual NOI
-$3,086

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