1228 West Ave 1506, Miami Beach, FL 33139 — MLS photo

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1228 West Ave 1506, Miami Beach, FL 33139

Active · Condominium

$365,000

1228 West Ave 1506, Miami Beach, FL 33139

Beds
1
Baths
2
Living area
750 sq ft
$ / sq ft
$487/sq ft
Year built
1971
Lot size
—
HOA fee
$806
Annual tax
—

About this property

Spectacular Penthouse-level residence at Bayview Terrace. This 15th-floor unit offers the ultimate privacy of the building’s top floor with no neighbors above. Featuring 750 sq. ft. of living space, this bright and airy residence provides amazing, dual-aspect views including serene vistas of Biscayne Bay to the west and the Atlantic Ocean to the east. The layout includes a spacious balcony, a large primary suite, and 1.5 bathrooms. This unit also includes one assigned parking space, an essential asset in this neighborhood. Residents enjoy access to premium bayfront building amenities, including an outdoor pool, fitness center, and 24-hour lobby security. Ideally located on West Avenue, the property is in close proximity to Whole Foods, Lincoln Road, and Miami Beach's top dining and entertainment. A rare opportunity to own a top-floor home with stunning bay and ocean vistas. Easy to show

Property location

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1228 West Ave 1506, Miami Beach, FL 33139

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Facts & features

Interior

Bedrooms
1
Bathrooms
2
Living area
750 sq ft

Exterior & Structure

Property type
Condominium
Year built
1971

Parking

Not provided in the MLS listing.

HOA, Community & Financials

Association fee
$806
County
Miami-Dade
MLS listing ID
A12000664
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

-$1,209

Cap rate
1.7%
Net yield
1.7%
Cash-on-cash return
-14.2%
Gross yield
7.7%
Mortgage payment
$1,730/mo
Down payment
$91,250
Loan amount
$273,750
Annual NOI
$6,261

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