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Condominium
$335,000$571 / sqft
1521 Lenox Ave # 206, Miami Beach FL 33139
Listed
1
Bedrooms
1
Bathrooms
587 sqft
Interior
1925
Year built
$606 / mo
HOA
Condominium
Type
About this home
Beautifully renovated 1-bedroom, 1-bath residence located in the heart of South Beach, just one block from Lincoln Road. This bright home features updated flooring, refinished and repainted walls, new moldings throughout, and solid-core frameless European doors with concealed hinges and magnetic latches. The updated kitchen features custom lacquered high-gloss cabinet fronts, Bosch stove and dishwasher, updated countertops, and an extended kitchen island providing additional counter and prep space, with side-by-side Miele washer and dryer thoughtfully incorporated into the space. The open floor plan offers room for a dedicated breakfast or dining area, as well as a comfortable living area with space for a sofa and additional seating. The primary bedroom features stylish statement wallpaper, integrated wall lighting, and a custom walk-in closet with built-in shelving and lighting. The fully renovated bathroom features a walk-in shower and custom finishes. Additional upgrades include dimmable accent lighting, a new AC unit installed in 2023, and a Schlage smart front door lock compatible with Apple Home. The building has completed its 40-year recertification and features an elevator, remodeled lobby, new gate, and secure digital entry system with video camera access. Ideally located near Lincoln Road, 16th Street, and Alton Road, the residence offers easy access to some of South Beach’s best dining, shopping, fitness studios, and beaches.
Features
- Lobby
- Elevator
- Other
- Walk-In Closet(s)
- Other View
Leasing
- Minimum lease
- 180 days
- Leases permitted per year
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 1-bed rentals in Miami Beach, from 200 active listings; the middle half ask $2,300–$3,850.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.