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Waterfront · Condominium
$395,000$305 / sqft
500 Bayview Dr # 232, Sunny Isles Beach FL 33160
Listed
2
Bedrooms
2
Bathrooms
1,295 sqft
Interior
1969
Year built
$1,158 / mo
HOA
Condominium
Type
About this home
Experience elevated waterfront living in this beautifully renovated corner residence featuring an expansive wrap-around balcony with tranquil canal views, lush tropical surroundings, and partial ocean views. Over $80,000 has been invested in a complete, fully permitted renovation, creating a truly move-in-ready home with exceptional attention to detail. This bright 2-bedroom, 2-bath residence offers oversized porcelain flooring, a custom-designed kitchen with premium stainless steel appliances, elegant spa-inspired bathrooms, impact windows and doors, generous closet space, and abundant natural light throughout. Located just across the street from the beach, Arlen House West offers resort-style amenities including 24-hour security, concierge, valet, heated pool, fitness center, tennis courts, marina, library, game room, and beautifully maintained grounds. Ideally situated minutes from Bal Harbour Shops, Aventura Mall, world-class dining, parks, and both Miami and Fort Lauderdale airports. An exceptional opportunity as a primary residence, vacation home, or investment property.
Features
- First Floor Entry
- Built-in Features
- Open Balcony
- Bay
- Canal
- Garden View
- Other View
- Water View
Leasing
- Minimum lease
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–$5,569.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.