All listings
Active
Active1 / 18
Photo 1 of 18
Condominium
$229,000$487 / sqft
1521 Lenox Ave # 209, Miami Beach FL 33139
Listed
0
Bedrooms
1
Bathrooms
470 sqft
Interior
1925
Year built
$485 / mo
HOA
Condominium
Type
About this home
Beautiful large studio fully furnished and equipped perfectly located in the heart of South Beach. Only 1 block away from the trendy and world famous Lincoln Road with all the stores, restaurants, bars, banks and movie theater. Only 1 block from Alton Road, 8mn walking distance from Flamingo Park and 15mn walking distance from the Beach. Super bright corner unit with Central A/C and high ceiling. It has been mostly renovated, new kitchen cabinets, countertop and backsplash, the whole unit was painted back. New appliances (fridge, microwave, dishwasher, oven and stove), less than 2 year old. Super bright corner unit studio, located in a quiet area. Building passed the 40 years recertification. Elevator, lobby was remodeled about 2 years ago. Brand new gate and security door with digital digi-code video camera system. Tenant occupied until December 2026. Great tenant for the past 2 years, rent is $1,900 per month.
Features
- Elevator
- Other View
Leasing
- Minimum lease
- 180 days
- Leases permitted per year
- 2
- Ok To Lease
Leasing terms as stated in the MLS listing, not verified by us. The association’s governing documents control what is actually permitted and can change — confirm before you buy.
Location
Approximate — shows the building, not the unit. Open in maps
Run the numbers
We fill in the price and the building's HOA dues. That leaves tax, insurance and maintenance — they depend on your exemptions, your insurer and the unit, so we don't guess them. Rent starts from what comparable units are asking nearby. Vacancy and the loan terms below start at common defaults; change them.
Median asking rent for studio rentals in Miami Beach, from 200 active listings; the middle half ask $1,850–$3,300.That is what landlords ask, not what units let for — edit it if you know better.
Our default, not a market figure
From the listing
Depends on assessed value & exemptions
Varies widely by building
Repairs, turnover, management
Cap rate
Cash-on-cash
Monthly cash flow
Net operating income
Enter property tax, insurance, maintenance to see the returns. A cap rate calculated without every cost overstates the deal — often by half — so we don't show a partial one.
Illustration only — not a loan offer, quote, or investment advice. We are not a lender and neither offer nor arrange financing. The loan fields start at 20% down over 30 years at 6.5% (rates as of July 2026); that is a nominal rate for illustration, not an APR, and your actual terms will differ. Cap rate is unlevered; cash-on-cash counts the down payment as invested capital and excludes closing costs.
Listing data from the MIAMI Association of REALTORS® (MIAMIRE) IDX program. Information deemed reliable but not guaranteed. Demo data shown for layout purposes.