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Condominium
$410,000$579 / sqft
220 Washington Ave # 5D, Miami Beach FL 33139
Listed
1
Bedrooms
1
Bathrooms
708 sqft
Interior
1971
Year built
$878 / mo
HOA
Condominium
Type
About this home
There's South Beach, and then there's South of Fifth. This top-floor 1-bedroom, 1-bath condo at 220 Washington Ave - one of only 15 units in the building - puts you on the quieter, residential side of South Beach, just blocks from the sand and a short walk to South Pointe Park and Pier. The updated 708 sq ft condo unit features real wood floors, a kitchen with quartz countertops and stainless steel appliances, an updated bath, a true walk-in closet, and an in-unit washer and dryer. A built-in wet-bar with copper sink gives the dining area real personality, and the living room opens to a private balcony made for catching the Miami Beach breeze. The boutique building offers elevator access and gated, covered parking, a rare find in SoFi and something you'll appreciate every time you come home. The beach, the Baywalk, charming cafés, and some of Miami's most iconic restaurants are all right outside your door. For anyone who's been waiting for the right place in SoFi, this one deserves a closer look. Special assessment has been paid in full.
Features
- Bar
- Built-in Features
- Walk-In Closet(s)
- Utility Room/Laundry
- Other
- Other View
Leasing
- Minimum lease
- 365 days
- Leases permitted per year
- 1
- No Daily Rentals
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 1-bed rentals in Miami Beach, from 200 active listings; the middle half ask $2,300–$3,800.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.