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Waterfront · Condominium
$255,000$332 / sqft
16909 N Bay Rd # 1009, Sunny Isles Beach FL 33160
Listed
1
Bedrooms
2
Bathrooms
767 sqft
Interior
1979
Year built
None
HOA
Condominium
Type
About this home
Incredible investor opportunity in the heart of Sunny Isles Beach! Located on the 10th floor of the highly desirable Plaza of Americas community, this bright and airy residence comes fully tenant-occupied, delivering immediate cash flow and hassle-free rental income from day one. Enjoy elevated skyline views, floor-to-ceiling windows, and cooling breezes from your high-floor vantage point.Resort-Style Community Amenities Include:24/7 manned guard-gated security & secure lobby entryHeated swimming pool, jacuzzi, and relaxing saunaFully equipped fitness center & jogging trackTennis courts, basketball courts, and a children's play areaBBQ and picnic areas perfect for outdoor entertainingUnbeatable Location Benefits:Just a short, 4-minute walk to the pristine sands of Sunny Isles Beach. Residents are steps away from RK Town Center, supermarkets, excellent dining, and local cafes, and just a short drive to the luxury shopping at Aventura Mall and Bal Harbour Shops. Gated parking and guest parking included. A phenomenal hands-off addition to any real estate portfolio. Easy to show—schedule your tour today!
Features
- Other
- Open Balcony
- Garden View
- Other View
Leasing
- Minimum lease
- 365 days
- Leases permitted per year
- 1
- No Daily Rentals
Leasing terms as stated in the MLS listing, not verified by us. The association’s governing documents control what is actually permitted and can change — confirm before you buy.
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 across Miami-Dade, from 200 active listings; the middle half ask $2,000–$3,500.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.