All listings
Active
Active1 / 23
Photo 1 of 23
Waterfront · Condominium
$230,000$307 / sqft
2250 Bay Dr # 7, Miami Beach FL 33141
Listed
1
Bedrooms
1
Bathrooms
750 sqft
Interior
1953
Year built
$910 / mo
HOA
Condominium
Type
About this home
Newly remodeled spacious corner unit in a prime location on the highly coveted Bay Drive. This exceptional property offers the perfect blend of tranquility and convenience, creating your own piece of paradise while keeping you close to everything Miami has to offer. Ideally located between North Bay Village and Miami Beach - two highly sought-after areas experiencing significant redevelopment and investment- the property is also just minutes from Normandy Golf Course, beaches, dining, shopping, and entertainment. With the area's continued transformation, this location offers strong potential for future appreciation. The unit has been freshly painted and thoughtfully updated with recessed lighting, washer and dryer hookups, new kitchen appliances, and new blinds. The well-maintained building features a serene garden, swimming pool, and a beautiful sunset deck overlooking the bay. A fantastic opportunity to own in one of Miami's most desirable and rapidly evolving waterfront locations!
Features
- First Floor Entry
- Other View
Leasing
- Minimum lease
- 360 days
- Leases permitted per year
- 1
- No Daily Rentals
- Ok To Lease
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.
Location
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 $2,350–$4,500.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.