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Waterfront · Condominium
$719,000$606 / sqft
601 NE 27th St # 1001, Miami FL 33137
Listed
2
Bedrooms
2
Bathrooms
1,187 sqft
Interior
2016
Year built
$1,464 / mo
HOA
Condominium
Type
About this home
Water views. Sunlight everywhere. A price that's hard to ignore. This pristine 10th-floor corner residence at The Crimson offers the kind of bright, effortless living that draws people to Edgewater in the first place. Floor-to-ceiling glass, two private balconies, gleaming floors, and sweeping views of Biscayne Bay create a home that feels open, airy, and connected to the water from nearly every room. Located in one of Edgewater's boutique LEED-certified buildings, residents enjoy a more private, residential feel while remaining minutes from the Design District, Midtown, Wynwood, and Miami Beach. Beautifully maintained and priced to move, this is the rare listing that checks both the lifestyle and value boxes. W/d in unit, deeded parking, easy to show.
Features
- Fire Sprinklers
- Split Bedroom
- East Of Us1
- Open Balcony
- Bay
- Canal
- Water View
Leasing
- Minimum lease
- 180 days
- Leases permitted per year
- 2
- 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 2-bed rentals across Miami-Dade, from 200 active listings; the middle half ask $2,300–$4,850.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.