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2
Bedrooms
2
Bathrooms
1,183 sqft
Interior
2015
Year built
$2,036 / mo
HOA
Condominium
Type
About this home
Offered with seller financing at an attractive rate. On the top residential floor of Baltus House, Related Group's boutique 167-residence address at the gate of the Miami Design District, Residence 1605 pairs 1,183 SF of interiors with a 228 SF terrace running the full width of the home. Floor-to-ceiling impact glass frames open eastern views across Bay Point to Biscayne Bay and the skyline. A foyer leads to a formal dining room equally suited to a study, a living room of and a kitchen in European cabinetry, quartz and stainless steel. The split plan sets the bedrooms apart: a primary suite o with walk-in closet, tub and separate shower, and a second bedroom of with walk-in closet beside the second bath. Washer and dryer, one assigned garage space. Bay-view pool deck with cabanas and whirlpool, fitness center with yoga studio, clubroom, business center, rooftop with summer kitchen and plunge pools, concierge, 24-hour security. Hermès, Dior and Louis Vuitton, the ICA and the Michelin-starred tables of L'Atelier de Joël Robuchon, Le Jardinier and COTE are a short stroll away, as are Michael's Genuine and Mandolin; Midtown and Wynwood are five minutes, Miami Beach ten, the airport fifteen. Leased through July 2027 with a 2-month notice clause.
Features
- Interior Hall
- Lobby
- Elevator
- Fire Sprinklers
- Entrance Foyer
- Split Bedroom
- Walk-In Closet(s)
- Den/Library/Office
- Barbeque
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 across Miami-Dade, from 200 active listings; the middle half ask $2,300–$5,569.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.