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Waterfront · Condominium
$340,000$630 / sqft
540 Brickell Key Dr # 409, Miami FL 33131
Listed
0
Bedrooms
1
Bathrooms
540 sqft
Interior
1991
Year built
$600 / mo
HOA
Condominium
Type
About this home
Live like an islander! An opportunity to make the exquisite island of Brickell Key your home! Largest studio apartment that has been fully remodeled. Lovely open kitchen with high end finishes and cabinetry. Spacious living areas makes it perfect for high quality, low maintenance living! Enjoy resort style amenities included tennis courts, water front pool, waterfront job path, fitness center, and pet area with 24-hour private security. Island amenities the Island of Brickell Key include the Bay Walk for evening waterfront strolls, convenience store, sushi restaurant, hair salon, bakery, and Italian restaurant. Conveys with 1 parking space.
Features
- First Floor Entry
- Built-in Features
- Closet Cabinetry
- Fire Sprinklers
- Entrance Foyer
- Utility Room/Laundry
- Garden View
Leasing
- Minimum lease
- 365 days
- Leases permitted per year
- 1
- No Lease-1st Year Owned
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 studio rentals in Brickell, from 70 active listings; the middle half ask $2,600–$3,000.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.