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Listed
Three blocks west of Washington, in the part of South Beach where people live, not just visit. Small enough to lock and leave, close enough to walk everywhere. This beautifully remodeled condo truly ticks all the boxes. Step inside and imagine yourself enjoying the relaxed, vacation-style living you deserve, and invite your guests, too. Located in the heart of South Beach’s cultural district, you’re just moments from Flamingo Park and an easy walk to Ocean Drive, the beach, top restaurants, cafés, and shops. First Deco is an Art Deco-inspired, two-story boutique building completely remodeled in 2020. Low monthly maintenance with no assessments. Maintenance covers common areas, water/sewer services, and roof upkeep. The unit comes fully furnished and equipped, making move-in simple and stress-free. It’s ready for you or your tenants—just bring your suitcase and start enjoying the South Beach lifestyle. Quick Approvals.
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.
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–$9,900.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.
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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