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Waterfront · Condominium
$2,525,000$1,753 / sqft
1201 20th St # 204, Miami Beach FL 33139
Listed
2
Bedrooms
3
Bathrooms
1,440 sqft
Interior
2016
Year built
$4,025 / mo
HOA
Condominium
Type
About this home
Welcome to Palau 204 — a serene, light filled waterfront retreat in the heart of Sunset Harbour. This spacious 2BR home features a rare private yard and an impressive 50-foot waterfront terrace, ideal for entertaining, relaxing, children, and pets. Beautifully curated interiors include custom millwork, designer built-ins, luxury lighting, and high-end wall and window treatments. All rooms open directly to the expansive balcony, seamlessly blending indoor and outdoor living. Boutique luxury building by Kobi Karp , landscaping by Raymond Jungles. Exceptional amenities include rooftop bayfront pool, waterfront promenade, boat slips, fitness center, concierge, valet, and 24-hour security. Sunset Harbor’s renowned dining, shopping, marina, yoga studios, and fitness clubs all right there.
Features
- Interior Hall
- Built-in Features
- Closet Cabinetry
- Cooking Island
- Fire Sprinklers
- Other
- Split Bedroom
- No Additional Rooms
- Barbeque
- Canal
- Garden View
- Water View
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 2-bed rentals in Miami Beach, from 200 active listings; the middle half ask $3,595–$9,500.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.