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Waterfront · Condominium
$249,000$535 / sqft
3915 N Meridian Ave # 201, Miami Beach FL 33140
Listed
0
Bedrooms
1
Bathrooms
465 sqft
Interior
1940
Year built
$416 / mo
HOA
Condominium
Type
About this home
Wake up to calm canal views and a slower pace of living in this waterfront Miami Beach residence just moments from the ocean. Set within a charming boutique building, the property offers direct water access—ideal for paddleboarding from the community dock—and a lush shared backyard designed for peaceful relaxation. Inside, the intelligently arranged layout features partitioned living and sleeping areas, creating the comfort and functionality of a one-bedroom feel while maintaining an open studio design. Wood and tile flooring, central cooling, and in-unit washer and dryer provide everyday ease. Ideally located near the beach, this residence offers a unique opportunity to enjoy relaxed waterfront living in a prime coastal setting. Tenant in place with notice.
Features
- Fire Sprinklers
- Other
- None
Leasing
- Minimum lease
- 365 days
- Leases permitted per year
- 1
- Ok To Lease
- 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
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 studio rentals in Miami Beach, from 200 active listings; the middle half ask $1,800–$3,000.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.