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Condominium
$1,488,000$1,060 / sqft
950 Brickell Bay Dr # 5608, Miami FL 33131
Listed
2
Bedrooms
3
Bathrooms
1,404 sqft
Interior
2008
Year built
$1,668 / mo
HOA
Condominium
Type
About this home
A home in the sky on the 56th floor in the heart of Brickell. Rarely available two-story penthouse professionally designed at The Plaza. Offering the privacy and feel of a private residence, this unique home features a dramatic double-height living room with soaring 11’ ceilings framing stunning views of Biscayne Bay and the Brickell skyline. Meticulously redesigned throughout with exceptional attention to detail, featuring a bespoke kitchen, fine materials, spa-inspired primary bath, renovated secondary bath, custom closets, remote shades and Sonos system. The duplex layout creates a rare separation between social and private spaces, with all bedrooms located on the upper level. Two parking spaces. Full-service building with resort-style amenities. Walking distance to Brickell City Centre, Mary Brickell Village, world-class dining, shopping and the Financial District.
Features
- First Floor Entry
- Walk-In Closet(s)
- Open Balcony
- Bay
- Skyline
Leasing
- Minimum lease
- 90 days
- Leases permitted per year
- 4
- 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.
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 Brickell, from 200 active listings; the middle half ask $4,000–$6,500.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.