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Waterfront · Condominium
$990,000$866 / sqft
6620 Indian Creek Dr # 509, Miami Beach FL 33141
Listed
2
Bedrooms
2
Bathrooms
1,143 sqft
Interior
2016
Year built
$1,900 / mo
HOA
Condominium
Type
About this home
Stunning direct WATER views from this fully furnished 2-bedroom, 2-bathroom condo, ideally located just steps from the beach. This modern residence features an open-concept layout, sleek laminate flooring, stainless steel Bosch appliances, high-impact doors, and floor-to-ceiling impact windows that fill the space with natural light and showcase breathtaking waterfront sunsets. Relax on the spacious balcony while enjoying panoramic bay views. Located on the fifth floor of a premier waterfront building offering a bayfront pool, jacuzzi, fitness center, sauna, BBQ area, dock access, garage parking, and valet service available 24 hours daily. Rentals are permitted up to 12 times per year, making this an excellent investment opportunity, vacation retreat, or primary residence. Conveniently located near top-rated schools, fine dining, shopping, and entertainment. Easy to show!
Features
- First Floor Entry
- None
- Open Balcony
- Intracoastal View
- Water View
Leasing
- Minimum lease
- 30 days
- Leases permitted per year
- 12
- Ok To Lease
- Okay To Lease 1st Year
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.
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.