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Listed
Rising above the tree-lined Meridian Avenue corridor, Penthouse 16 offers a rare combination of dramatic volume, exceptional outdoor living, and tranquil views across the Miami Beach Botanical Garden and Collins Canal, directly opposite the Miami Beach Golf Club. Encompassing approximately 1,809 square feet of light-filled interiors, the residence features ceilings soaring over 11 feet, floor-to-ceiling glass, and an open living space that flows effortlessly to the outdoors. Spanning nearly 1,700 square feet, the combined private terrace and rooftop living areas create an extraordinary extension of the home, offering exceptional space for entertaining, outdoor dining, relaxing, or simply taking in the surrounding greenery and water views. The thoughtfully designed floor plan includes two spacious bedrooms, two and a half bathrooms, and two assigned parking spaces. Ideally positioned just moments from Lincoln Road, Sunset Harbour, and the beach, Meridian Lofts places some of Miami Beach’s finest parks, dining, shopping, and recreation within easy reach while enjoying the tranquility of a residential setting. Whether as a primary residence or a sophisticated Miami retreat, Penthouse 16 presents a rare opportunity to experience expansive indoor and outdoor living at Meridian Lofts, one of Miami Beach’s most distinctive contemporary residences.
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 $3,600–$10,000.That is what landlords ask, not what units let for — edit it if you know better.
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.
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.
Approximate — shows the building, not the unit. Open in maps (opens in a new tab)
Loan payment and HOA only. Property tax and insurance are significant here and are not included.
Illustration only — not a loan offer, quote, or commitment. We are not a lender and neither offer nor arrange financing. Assumes a 30-year loan at 6.5% with 20% down (rates as of July 2026); your actual terms will differ.
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