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Waterfront · Condominium
$689,900$421 / sqft
200 SE 15th Rd # 4I, Miami FL 33129
Listed
3
Bedrooms
3
Bathrooms
1,640 sqft
Interior
1974
Year built
$2,511 / mo
HOA
Condominium
Type
About this home
Welcome to a rare dual-unit blank canvas in Miami's prestigious Brickell waterfront. This 1,640 sq ft 3 bed / 3 bath property comprises two connected condominium units (4H and 4I) with stunning water views. Currently a blank canvas ready for its new owners, this is an exceptional opportunity for a visionary ready to create their dream waterfront residence. The building is a high-rise gem offering resort-style living: a sprawling bayfront pool and hot tub overlooking the water, a private marina with boat slips, modern fitness center and sauna, lighted tennis court, clubhouse, barbecue area, and 24-hour security. Brickell's vibrant location puts you steps from world-class dining, shopping, and entertainment along tree-lined boulevards and Biscayne Bay waterfront parks. This is not a move-in-ready home—it's a prime customization opportunity in one of Miami's most sought-after neighborhoods. Ideal for buyers with renovation vision and the means to execute. Your blank canvas awaits. The sale includes 2 deeded parking spaces.
Features
- Other
- Open Balcony
- Ocean View
Leasing
- Minimum lease
- 365 days
- Leases permitted per year
- 1
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.
Location
Approximate — shows the building, not the unit. Open in maps
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 3-bed rentals in Brickell, from 101 active listings; the middle half ask $7,200–$14,500.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.