All listings
Active
Active1 / 6
Photo 1 of 6
0
Bedrooms
1
Bathrooms
— sqft
Interior
2025
Year built
$887 / mo
HOA
Condominium
Type
About this home
Experience elevated Miami living at Nexo Residences with this beautifully designed studio residence on the 15th floor. Offering 531 SF of interior living space plus an expansive 89 SF private balcony, this fully furnished home delivers a sophisticated, efficient layout designed for both personal enjoyment and investment flexibility. Nexo offers the rare combination of luxury residential living and a short-term rental-friendly model, with a 3-day minimum lease period. Ideally positioned in North Miami Beach with convenient access to Aventura, Bal Harbour, beaches, dining, shopping and entertainment, Unit 1516 presents an exceptional opportunity to own in one of the area's newest residential communities. A turnkey opportunity for a primary residence, second home or income-producing investment.
Features
- Fire Sprinklers
- Den/Library/Office
- East Of Us1
- Other
- Open Balcony
- Ocean View
- Skyline
- Water View
Leasing
- Minimum lease
- 3 days
- Leases permitted per year
- 121
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 studio rentals across Miami-Dade, from 200 active listings; the middle half ask $2,000–$3,000.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.