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Waterfront · Condominium
$489,000$593 / sqft
1200 Brickell Bay Dr # 1518, Miami FL 33131
Listed
1
Bedrooms
1
Bathrooms
825 sqft
Interior
2004
Year built
$707 / mo
HOA
Condominium
Type
About this home
Rare opportunity in the heart of Brickell ! This spacious 1-bedroom residence offers beautiful bay, ocean and partial Miami skyline views from an oversized private terrace. Ideal for end users, investors, or as a vacation rental opportunity, the building is Airbnb/VRBO friendly and allows short-term and corporate rentals, offering exceptional flexibility. The residence features an open living area, washer and dryer in the unit, and one assigned parking space. Enjoy resort-style amenities including two pools, fitness center, hot tub, billiards/game room, children's playroom, business center, recreation/social room, 24-hour front desk, security and valet service. Prime Brickell location within walking distance to Brickell City Centre, restaurants, cafés, shopping, banks, CVS and the Metromover. Minutes from Downtown Miami, Miami Beach, Wynwood and Miami International Airport. An excellent opportunity to enjoy the Brickell lifestyle while maximizing investment potential.
Features
- First Floor Entry
- Walk-In Closet(s)
- East Of Us1
- Open Balcony
- Intracoastal View
Leasing
- Minimum lease
- 1 day
- Leases permitted per year
- 365
- 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 1-bed rentals in Brickell, from 200 active listings; the middle half ask $3,000–$4,200.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.