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Condominium
$240,000$442 / sqft
8401 Crespi Blvd # 3, Miami Beach FL 33141
Listed
1
Bedrooms
1
Bathrooms
543 sqft
Interior
1948
Year built
$745 / mo
HOA
Condominium
Type
About this home
CLOSE TO THE WATER! Three blocks from the beach. 1-bedroom, 1-bathroom apartment. Overlooking the Intracoastal in a tranquil, gated boutique complex, this charming apartment is part of an intimate community of just eight individually owned residences. The unit features laminate flooring throughout and includes an in-unit washer and dryer, conveniently located in a laundry closet at the back patio. The kitchen offers an excellent opportunity to customize and update to your taste. Relax and entertain while enjoying panoramic water views from the community's private area—perfect for morning coffee, sunset wine nights, or weekend BBQs with shared boat dockage. Residents also have access to a community dock for small boats (under 22 ft), available at an additional cost. Ideally located within walking distance of the North Beach Bandshell and the historic Ocean Terrace Art Deco district. Just minutes from parks, restaurants, and the world-famous Bal Harbor Shops. Call me for more details.
Features
- First Floor Entry
- None
- Garden View
- Water View
Leasing
- Minimum lease
- 182 days
- Leases permitted per year
- 2
- No Daily Rentals
- 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.
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 in Miami Beach, from 200 active listings; the middle half ask $2,300–$3,850.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.