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Waterfront · Condominium
$400,000$349 / sqft
7441 Wayne Ave # 15E, Miami Beach FL 33141
Listed
2
Bedrooms
2
Bathrooms
1,145 sqft
Interior
1964
Year built
$1,107 / mo
HOA
Condominium
Type
About this home
Bright 2 bed, 2 bath corner unit with panoramic views from your corner unit, top floor balcony of Biscayne Bay, Edgewater, Downtown, Normandy Isle, and North Beach. Features brand-new kitchen appliances, updated countertops, tile floors, and plenty of storage—including a dedicated storage room. Impact windows and doors to be installed in 2026. Full-service building with 24/7 front desk, heated pools, gym, and event room. The building has recently undergone a property wide restoration, with a newly remodeled lobby, new pool and deck, brand new sea wall construction and complete restoration of the facade. Includes 2 parking spaces (1 reserved). Located on peaceful Parkview Island, just a short walk to Normandy Isle shops and restaurants. Easy access to Miami Beach, MiMo, and Little River. Excellent nearby schools. Tenant Occupied until 1/04/27.
Features
- Lobby
- Open Balcony
- Bay
- Canal
- Golf View
Leasing
- Minimum lease
- 365 days
- Leases permitted per year
- 1
- No Lease-1st Year Owned
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 2-bed rentals in Miami Beach, from 200 active listings; the middle half ask $3,595–$10,000.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.