947 Lenox Ave 203, Miami Beach, FL 33139 — MLS photo

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947 Lenox Ave 203, Miami Beach, FL 33139

Active · Condominium

$299,000

947 Lenox Ave 203, Miami Beach, FL 33139

Beds
1
Baths
1
Living area
748 sq ft
$ / sq ft
$400/sq ft
Year built
1970
Lot size
—
HOA fee
$721
Annual tax
—

About this property

Welcome home to your South Beach gem! Inside, the layout makes all 748 sq ft count. The living space is open and comfortable, allowing for a full living area, dining setup, and a proper work-from-home corner. The bedroom is separate and quiet with ample storage, and the bathroom is clean and functional. A true one-bedroom layout. Assigned covered parking means no circling the block after a long day or beach run. The building offers the classic boutique Miami Beach feel with manageable size, simple living, and easy ownership without the chaos of a mega-tower. Groceries, cafés, gyms, and parks are within a few blocks, and Lincoln Road, Flamingo Park, and the beach quickly become part of your daily routine. Ideal for a primary resident seeking walkability, a turnkey second home, or an investor in a consistently requested rental location. Currently, no assessments. Strong financials, with reserves. And 40/50 year has been completed. If you have been waiting for a practical South Beach home, this is it.

Property location

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947 Lenox Ave 203, Miami Beach, FL 33139

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Facts & features

Interior

Bedrooms
1
Bathrooms
1
Living area
748 sq ft

Exterior & Structure

Property type
Condominium
Year built
1970

Parking

Not provided in the MLS listing.

HOA, Community & Financials

Association fee
$721
County
Miami-Dade
MLS listing ID
A11968071
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

-$834

Cap rate
2.3%
Net yield
2.3%
Cash-on-cash return
-12.0%
Gross yield
8.7%
Mortgage payment
$1,417/mo
Down payment
$74,750
Loan amount
$224,250
Annual NOI
$6,999

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