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Bedrooms
1
Bathrooms
571 sqft
Interior
1985
Year built
$747 / mo
HOA
Condominium
Type
About this home
Enjoy resort-style living in Miami’s Upper Eastside at Nirvana, a private, gated bayfront community surrounded by lush tropical landscaping. This bright studio residence offers an efficient layout, a functional kitchen with generous counter space, an updated shower and a sizable tiled balcony ideal for relaxing or outdoor dining. One assigned parking space is included, with an additional parking space available for approximately $25 per month. Nirvana offers an exceptional collection of waterfront amenities, including a bayfront infinity pool, lap pool, jacuzzi, private beach area, volleyball court, BBQ and picnic areas, fitness center, steam room and dedicated dog-walking areas. Residents also enjoy 24-hour security, beautifully maintained grounds, an on-site farmers market and yoga. Conveniently located near the MiMo District’s restaurants and shops, with easy access to Miami Beach, the Design District, Wynwood and Downtown Miami. A unique opportunity to own in one of Miami’s most tranquil bayfront communities.
Features
- Elevator
- Walk-In Closet(s)
- East Of Us1
- Courtyard
- Open Balcony
- Bay
- Water View
Leasing
- Minimum lease
- 90 days
- Leases permitted per year
- 3
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 across Miami-Dade, from 200 active listings; the middle half ask $2,000–$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.