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Waterfront · Condominium
$849,000$598 / sqft
5970 Indian Creek Dr # 302, Miami Beach FL 33140
Listed
3
Bedrooms
3
Bathrooms
1,420 sqft
Interior
2004
Year built
$1,702 / mo
HOA
Condominium
Type
About this home
Spacious 3/3 corner unit in a boutique condo on Millionaire’s Row with heated rooftop pool overlooking Indian Creek & city skyline. Building offers fitness center, sauna/steam, hot tub, dock, boat slips, kayak/bike racks, 24-hr security & valet. Features 2 ensuite master bedrooms, 3 full baths, marble floors/showers, 9 ft ceilings, granite countertops, whirlpool tub, custom cabinetry, washer/dryer, and floor-to-ceiling glass doors opening to terraces with stunning views. Public beach access steps away. Opportunity to buy an available Boat-slip in the building trough a different owner.
Features
- Built-in Features
- Closet Cabinetry
- Fire Sprinklers
- Pantry
- Split Bedroom
- Walk-In Closet(s)
- East Of Us1
- Bay
- Intracoastal View
Leasing
- Minimum lease
- 30 days
- Leases permitted per year
- 12
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.
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 3-bed rentals in Miami Beach, from 97 active listings; the middle half ask $9,900–$39,500.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.