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Condominium
$189,900$475 / sqft
851 Meridian Ave # 24, Miami Beach FL 33139
Listed
0
Bedrooms
1
Bathrooms
400 sqft
Interior
1965
Year built
$354 / mo
HOA
Condominium
Type
About this home
Renovated studio in the heart of South Beach with an assigned covered parking space. This move-in-ready residence features brand-new tile flooring throughout, a renovated kitchen with new appliances, an updated bathroom, a custom California closet, and an efficient mini-split A/C system. The building offers a convenient on-site laundry room, and the 50-year recertification has been completed, providing added peace of mind. Overlooking quiet 9th Street, the unit is ideally located just steps from Flamingo Park and within walking distance of Ocean Drive, world-famous beaches, restaurants, shopping, and entertainment. A fantastic investment opportunity with strong rental appeal in one of Miami Beach’s most desirable neighborhoods.
Features
- Second Floor Entry
- None
- Open Balcony
- Other View
Leasing
- Minimum lease
- 365 days
- Leases permitted per year
- 1
- 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
Approximate — shows the building, not the unit.
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 studio rentals in Miami Beach, from 200 active listings; the middle half ask $1,800–$3,000.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.