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Listed
Shoma Bay is an elevated 24 story residential landmark featuring 333 condominium residences, thoughtfully conceived as a refined expression of modern luxury living. Its architecture blends a timeless Art Deco influence with a sophisticated contemporary façade, creating a striking presence in North Bay Village. The development offers a curated, resort style amenity collection designed to elevate everyday living, including a serene Zen Garden, private wine cellar, cigar lounge, gourmet dining spaces, residents’ social lounge, state of the art fitness and wellness center, spa inspired treatment areas, resort style swimming pool with sun deck, co working and business lounge, children’s play area, pet friendly amenities, concierge services, and dedicated conveniences such as a grocery delivery room and secure package management. Perfectly positioned just moments from the vibrancy of Miami while maintaining a sense of exclusivity and calm, Shoma Bay redefines luxury living as a fully integrated lifestyle where wellness, work, leisure, and community coexist seamlessly.
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.
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.
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.
Approximate — shows the building, not the unit. Open in maps (opens in a new tab)
Loan payment and HOA only. Property tax and insurance are significant here and are not included.
Illustration only — not a loan offer, quote, or commitment. We are not a lender and neither offer nor arrange financing. Assumes a 30-year loan at 6.5% with 20% down (rates as of July 2026); your actual terms will differ.
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