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Waterfront · Condominium
$299,000$399 / sqft
1228 West Ave # 613, Miami Beach FL 33139
Listed
1
Bedrooms
2
Bathrooms
750 sqft
Interior
1971
Year built
$900 / mo
HOA
Condominium
Type
About this home
Bayview Terrace Condo is one of the most coveted condo complexes to own or rent on Miami Beach, because of its perfect, central West Ave location, and well managed association. The property is maintained impeccably, with great amenities and beautiful upscale lobby with 24-attendant/security. Impact windows and doors throughout the building, and spacious balcony with breathtaking Biscayne Bay, Star Island and Downtown Skyline, with separate balcony access from both the living room and main bedroom. This unit has a custom built den/office/second bedroom with full closet, full en-suite bathroom in main bedroom and half bath adjacent to the den/second bedroom for guests. Currently rented for $2,500 per month to a spectacular tenant for 2-years paying on the 1st without delay.
Features
- Interior Hall
- Lobby
- Closet Cabinetry
- Elevator
- Open Balcony
- Bay
- Intracoastal View
- Skyline
Leasing
- Minimum lease
- 365 days
- Leases permitted per year
- 1
- 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 1-bed rentals in Miami Beach, from 200 active listings; the middle half ask $2,350–$4,500.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.