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Condominium
$270,000$499 / sqft
700 16th St # 109, Miami Beach FL 33139
Listed
1
Bedrooms
1
Bathrooms
541 sqft
Interior
1941
Year built
$713 / mo
HOA
Condominium
Type
About this home
LEASE WITH OPTION TO BUY 700 16th Street #109, Miami Beach, FL Purchase Price: $270,000 Lease Option Program: $3,500/month for 24 months Future Purchase Balance: $200,000 through cash payment or mortgage at closing Unique Opportunity in the Heart of Miami Beach Rare corner unit offering exceptional flexibility for both end-users and investors. Located at 700 16th Street in the vibrant Miami Beach area, this property features a private independent entrance with no direct connection to the building's common areas, creating a unique sense of privacy and accessibility. The unit has never been lived in and it is utilized as an office, resulting in an almost brand-new condition throughout. ? Corner unit with abundant natural light ? Brand-new kitchen ? New, never-used appliances ? Never occupied as a residence ? Excellent condition throughout ? Private independent entrance ? No direct connection to common building hallways or common areas ? Prime Miami Beach location near Lincoln Road, shopping, dining, and entertainment Lease With Option to Buy Structure Monthly Rent: $3,500 Lease Term: 24 Months Purchase Price Locked Today: $270,000 Final Balloon Payment / Mortgage Balance: $200,000 Opportunity to secure ownership while building toward future financing. This unique layout and private entrance make the property particularly attractive for professionals, seasonal residents, and investors seeking a versatile Miami Beach asset in a highly desirable location.
Features
- First Floor Entry
- Other
- Other View
Leasing
- Minimum lease
- 30 days
- Leases permitted per year
- 12
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.