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Waterfront · Condominium
$649,999$428 / sqft
900 Bay Dr # 425, Miami Beach FL 33141
Listed
2
Bedrooms
2
Bathrooms
1,520 sqft
Interior
1963
Year built
$1,838 / mo
HOA
Condominium
Type
About this home
Experience waterfront living at King Cole, an iconic Miami Beach MiMo landmark. This spacious 2-bed, 2-bath residence offers 1,520 SF of light-filled living space with floor-to-ceiling impact windows, remote-controlled blackout blinds, manual solar shades, and captivating Biscayne Bay views. The open living and dining areas are ideal for entertaining, while the kitchen features granite countertops, white cabinetry, a brand-new stainless steel stove and dishwasher, and a breakfast bar. Unwind on your private balcony with beautiful sunset views. Includes a basement storage cage locker and one valet parking space. Resort-style amenities include a heated waterfront pool, marina, waterfront fitness center, children’s playroom, game room, library lounge, Kings Lounge, Kings Club bar, and a spectacular rooftop entertainment area with panoramic views. Enjoy 24-hour security, doorman and valet services. Maintenance includes electricity, water, high-speed internet, and cable TV. Ideally located near beaches, dining, and shopping, this residence combines generous living space, iconic architecture, and an exceptional Miami Beach waterfront lifestyle.
Features
- Built-in Features
- Closet Cabinetry
- Fire Sprinklers
- Entrance Foyer
- Walk-In Closet(s)
- East Of Us1
- Open Balcony
- Bay
- Intracoastal View
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.