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2
Bedrooms
2
Bathrooms
1,506 sqft
Interior
1965
Year built
$2,165 / mo
HOA
Condominium
Type
About this home
RARE CORNER RESIDENCE. OVERSIZED LIVING. SWEEPING CITY & BAY VIEWS. Discover waterfront luxury at the iconic original Palm Bay Condominium, an intimate boutique building of just 66 residences nestled within an exclusive, guard-gated, 8-acre tropical oasis on Biscayne Bay. This exceptionally spacious 2BR/2BA corner residence boasts 1,506 SF of beautifully appointed interiors PLUS 275 SF of expansive wraparound balcony space, showcasing breathtaking, unobstructed views of Biscayne Bay and Miami's dazzling city skyline. With a combined 1,781 SF of indoor-outdoor living, gracious proportions and sophisticated upgrades include Sub-Zero refrigeration, Miele dishwasher, granite countertops, a wine cabinet and in-unit Bosch 800-Series washer/dryer. Enjoy resort-style amenities including a waterfront pool, tennis courts, fitness center and security. An exciting new chapter awaits at Palm Bay, as its extensive structural and 60-year building enhancements near completion, revitalizing this iconic boutique waterfront address. Perfectly positioned in the heart of Miami's vibrant MiMo District, minutes from the Design District, Wynwood, Miami Beach, Baywood Park, Legion Park and its beloved Farmers Market. A rare waterfront sanctuary where space, sophistication, boutique exclusivity and the ultimate Miami lifestyle converge!
Features
- Other
- East Of Us1
- Barbeque
- Open Balcony
- Bay
- Other View
Leasing
- Minimum lease
- 90 days
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 across Miami-Dade, from 200 active listings; the middle half ask $2,300–$5,500.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.