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Townhouse
$1,185,000$661 / sqft
455 NE 39th # 311, Miami FL 33137
Listed
2
Bedrooms
3
Bathrooms
1,792 sqft
Interior
2018
Year built
$811 / mo
HOA
Townhouse
Type
About this home
Miami Design District Townhome at One Bay. One Bay is a small luxury townhome community with only 38 residences, tucked inside a lushly landscaped enclave east of Biscayne Boulevard and just a short walk to the Miami Design District. This 1,645 sq. ft. 2-bedroom townhome offers the rare combination of a private garage, direct-entry living, dramatic double-height windows, and an incredible 600 sq. ft. private rooftop terrace. The living room looks directly onto the lush, dense tree canopy of Bay Point, creating the feeling of looking into a private jungle while being in the heart of Miami. What makes One Bay special is that it lives much more like a single-family home than a typical condo. There are no elevators, no parking garages, and no long hallways. You park in your own private garage and walk directly into your own home. The community is quiet, residential, and mostly owner-occupied, with a much less transient feel than many Miami buildings. Monthly maintenance is only about $811, which is unheard of for a newer, high-end community in this location. One Bay offers privacy, low carrying costs, a true neighborhood feel, and an unbeatable location just steps from the Design District and minutes from Midtown, Wynwood, Downtown, Brickell, and Biscayne Bay.
Features
- First Floor Entry
- Den/Library/Office
- Other View
Leasing
- Minimum lease
- 365 days
- Leases permitted per year
- 1
- Ok To Lease
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 173 active listings; the middle half ask $2,300–$2,995.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.