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Waterfront · Condominium
$499,000$531 / sqft
1228 West Ave # 1415, Miami Beach FL 33139
Listed
2
Bedrooms
2
Bathrooms
940 sqft
Interior
1971
Year built
$985 / mo
HOA
Condominium
Type
About this home
Best value at Bayview Terrace and West Ave. Wake up to breathtaking sunrises and unwind with spectacular sunsets, all while enjoying sweeping Bay and City views from this spacious and versatile residence. The thoughtfully designed floor plan features main bedroom, an a den that has been converted to a guest bedroom, and a half bathrooms, with the flexibility to easily convert into a true two-bedroom, two-bath home. Both the living area and primary bedroom open directly to a generous balcony, creating a seamless indoor-outdoor lifestyle perfect for relaxing or entertaining. The newly renovated and fully certified Bayview Terrace tower delivers quiet sophistication with full-service amenities, including a 24-hour attendant, fitness center, heated pool, boat dock, storage, bike room, and parking. HOA fee of only $949 per moth conveniently include water, hot water, internet, cable, and gym access. All building certifications are complete.
Features
- Lobby
- Cooking Island
- Walk-In Closet(s)
- Open Balcony
- Bay
- Ocean View
- Skyline
- Water View
Leasing
- Minimum lease
- 365 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 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.