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Condominium
$285,000$445 / sqft
1351 Meridian Ave # 5, Miami Beach FL 33139
Listed
2
Bedrooms
1
Bathrooms
640 sqft
Interior
1946
Year built
$652 / mo
HOA
Condominium
Type
About this home
Welcome to South Beach, this two bedroom in The Gatsby Condo stands directly in front of Flamingo Park and a few blocks away from the beach. The unit features tiled floors throughout, a spacious primary bedroom, new central A/C, washer & dryer inside the unit, impact windows, a bright second bedroom, ample living space, and plenty of natural light. The kitchen has an extensive counter space, tons of storage, and stainless steel appliances. The unit is located on the first floor and is closest to onsite washer and dryer. Flamingo Park is a haven for fitness enthusiasts and families as you have a variety of spaces dedicated to different sports. Water is included, as well as trash and sewer.
Features
- First Floor Entry
- Garden View
Leasing
- Minimum lease
- 365 days
- Leases permitted per year
- 1
- Okay To Lease 1st Year
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.
Location
Approximate — shows the building, not the unit. Open in maps (opens in a new tab)
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 in Miami Beach, from 200 active listings; the middle half ask $3,600–$10,000.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.