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7118 Bonita Dr # 705, Miami Beach FL 33141
About this home
NO SPECIAL ASSESSMENTS • RENT RIGHT AFTER PURCHASE! Rarely available 1-bedroom, 1.5-bath corner condo with stunning Intracoastal and city views. Enjoy a wraparound balcony, a spacious layout, abundant natural light, and plenty of closet space. Boutique waterfront building with a newer roof that’s fully paid for, low maintenance fees, assigned parking, and just a short walk to the beach and restaurants. Whether you’re looking for a home, vacation getaway, or investment, this one checks all the boxes. A true hidden gem!
Features
- Interior Hall
- First Floor Entry
- East Of Us1
- Canal
Location
Approximate — shows the building, not the unit. Open in maps (opens in a new tab)
Estimated loan & HOA
Loan payment and HOA only. Property tax and insurance are significant here and are not included.
- Principal & interest
- $1,441
- HOA
- $412 / mo
Illustration only — not a loan offer, quote, or commitment. Assumes a 30-year loan at 6.5% with 20% down (rates as of July 2026); your actual terms will differ.
Schedule a tour
Request a private or video tour with a local agent.
Run the numbers
We fill in the price and the building's HOA dues. That leaves rent, tax, insurance and maintenance — they depend on your exemptions, your insurer and the unit, so we don't guess them. Vacancy and the loan terms below start at common defaults; change them.
Enter rent, 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. 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.