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Waterfront · Condominium
$1,450,000$1,171 / sqft
11 Island Ave # 2006, Miami Beach FL 33139
Listed
2
Bedrooms
2
Bathrooms
1,238 sqft
Interior
1972
Year built
$1,754 / mo
HOA
Condominium
Type
About this home
Set high above Belle Isle on Costa Brava’s 20th level, Residence 2006 feels suspended between Biscayne Bay and the ocean, with open, sweeping water views drawn through the interiors to the balcony. The designer-renovated 1,238 SF+/- residence unfolds with an easy sense of flow. A custom kitchen with dark wood cabinetry and stone surfaces flows seamlessly into dining and living, with water as a constant backdrop. The 2-bedroom, 2-bathroom plan balances openness and flexibility. The primary suite is a private retreat with a custom closet and en-suite bathroom with a double vanity and glass-enclosed walk-in shower, while the 2nd Bedroom / Den shifts easily between guest room, office, or media space. Porcelain flooring, custom storage, integrated Sonos audio throughout, in-unit laundry, electric shades, and complete furnishings make the residence move-in ready. Costa Brava brings full-service waterfront living to a sought-after Miami Beach island setting, with a Fitness Room, sauna, rooftop terrace, marina and common boat dock, business spaces, 24-hour security, doorman service, valet, and 1 covered parking space. Once the new pool and decking are complete, expect a space to rival a luxury hotel experience. Just outside, Belle Isle Park and The Standard Spa sit alongside easy access to Sunset Harbour, Lincoln Road, South of Fifth, and the beaches—placing the energy of Miami Beach close at hand while preserving the quieter rhythm of life on the water.
Features
- Built-in Features
- Pantry
- Open Balcony
- Bay
- Water View
Leasing
- Minimum lease
- 365 days
- Leases permitted per year
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–$9,900.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.