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Waterfront · Condominium
$818,000$537 / sqft
1717 N Bayshore Dr # 3157, Miami FL 33132
Listed
2
Bedrooms
3
Bathrooms
1,524 sqft
Interior
1986
Year built
$1,100 / mo
HOA
Condominium
Type
About this home
The Grand is one of Miami’s best-established older properties, offering an amazing location with beautiful ocean and bay views. It is right next to the park and within walking distance of some of the area’s best restaurants, cafés, and shops. This professionally decorated unit features spectacular ocean views from every room and has a strong rental history, staying consistently occupied. It is currently rented through April 1, 2026. The building’s lobby has been beautifully remodeled, and the first floor is simply amazing. You have everything you need right downstairs, including restaurants, stores, a hair salon, and many other conveniences. Located directly on the bay with ocean views and next to the yacht park, The Grand offers an exceptional lifestyle in one of Miami’s most desirable locations. The maintenance fees are very reasonable, the building stays occupied, and the management is excellent. With its prime location, strong rental demand, professional décor, spectacular views, reasonable maintenance fees, and excellent management, this is truly an outstanding investment opportunity in Miami.
Features
- Built-in Features
- Closet Cabinetry
- Walk-In Closet(s)
- Open Balcony
- Ocean View
Leasing
- Minimum lease
- 30 days
- Leases permitted per year
- 12
- No Daily Rentals
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.