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2
Bedrooms
2
Bathrooms
1,260 sqft
Interior
2018
Year built
$1,080 / mo
HOA
Condominium
Type
About this home
Rare corner residence at The Palms in Bay Harbor Islands with 1,260 SF of living space and 2 spacious private terraces. Designer upgrades include luxury porcelain floors, an upgraded kitchen with new appliances, custom-fitted closets, motorized shades and drapes, and decorative finishes. Includes 2 assigned covered garage spaces and a private storage room immediately next door to the apartment. This quiet boutique building offers a rooftop pool and barbecue area, plus bicycle storage. Enjoy free island tennis courts and free local Freebee transportation. Assigned to the highly rated Ruth K. Broad Bay Harbor K-8 Center, ideal for families. The town also offers after-school activities and enrichment programs for children, adults and seniors. Bal Harbour Shops and the beach are approximately a 10-minute walk away. Low monthly HOA of $1,080. With rentals permitted up to 12 times per year and a 30-day minimum, the residence also offers income potential for investors. Italian designer furniture available for separate purchase.
Features
- Built-in Features
- Closet Cabinetry
- Cooking Island
- Elevator
- Other
- Pantry
- Roman Tub
- Split Bedroom
- Walk-In Closet(s)
- Storage
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 $2,350–$5,750.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.