Cays Realty
900 Bay Dr 421, Miami Beach, FL 33141 — MLS photo

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900 Bay Dr 421, Miami Beach, FL 33141

Active · Condominium

$280,000

900 Bay Dr 421, Miami Beach, FL 33141

Beds
1
Baths
2
Living area
920 sq ft
$ / sq ft
$304/sq ft
Year built
1963
Lot size
—
HOA fee
$1,360 Monthly
Annual tax
$3,996

About this property

A spacious 1-bedroom/1.5 bathroom unit with gorgeous bay/sunset views awaits you. 421 has marble floors, an ample-sized bedroom with walk-in closet, floor to ceiling windows, open concept living/dining area, and modern finishes. Rent includes 1 valet parking space, storage unit, kayak or SUP storage, water/trash, electricity, and basic cable/internet. Located in the legendary King Cole condominium with recently updated amenities and is only a short, pleasant walk to the beach. Special assessment of additional $419/mth for the next 7 years just began.

Property location

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900 Bay Dr 421, Miami Beach, FL 33141

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Facts & features

Interior

Bedrooms
1
Bathrooms
2
Living area
920 sq ft
Flooring
Marble
Appliances
Dishwasher, Electric Range, Ice Maker, Refrigerator, Self Cleaning Oven
Cooling
Central Air, Electric
Heating
Central, Electric
Interior features
Breakfast Bar, Bedroom On Main Level, First Floor Entry, Living Dining Room, Bar
Furnished
Unfurnished

Exterior & Structure

Property type
Condominium
Year built
1963
Stories
13
Construction
Block
Exterior features
Balcony, Barbecue
Pool
Association
Waterfront
Bayfront, Fixed Bridge, Seawall
View
Bay, Skyline, Water

Parking

Garage spaces
1
Covered spaces
1
Parking features
Attached, Garage, One Space, Valet

HOA, Community & Financials

Association fee
$1,360 Monthly
Fee inclusions
Association Management, Amenities, Common Areas, Cable Tv, Electricity, Hot Water, Insurance, Internet, Maintenance Grounds, Maintenance Structure, Parking, Pools, Recreation Facilities, Sewer, Security, Trash, Water
Amenities
Marina, Bike Storage, Fitness Center, Laundry, Barbecue, Picnic Area, Playground, Pool, Storage, Trash, Elevators
Security
Door Man, Secured Garage Parking, Lobby Secured
Pets allowed
Conditional, Yes
Annual tax
$3,996
Subdivision
KING COLE CONDO
County
Miami-Dade
Days on market
72
MLS listing ID
A12008954
Listing status
Active

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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

-$1,000

Cap rate
1.4%
Net yield
1.4%
Cash-on-cash return
-15.3%
Gross yield
10.4%
Mortgage payment
$1,327/mo
Down payment
$70,000
Loan amount
$210,000
Annual NOI
$3,925

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