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About this home
Excellent investment opportunity in the desirable Opera Tower! This well-maintained condominium offers modern living in the heart of Edgewater, just minutes from Margaret Pace Park, Biscayne Bay, Downtown Miami, Wynwood, the Design District, and Miami Beach. The property is currently tenant-occupied, generating $2,550 per month in rental income. The existing lease runs from August 31, 2025, through August 31, 2026, and the property is being sold subject to the current lease. Buyer must assume the existing tenant and honor the terms of the lease through its expiration. A fantastic opportunity to own an income-producing property in one of Miami's most desirable neighborhoods.
Features
- Lobby
- First Floor Entry
- Elevator
- Laundry Tub
- Volume Ceilings
- Walk-In Closet(s)
- Other
- Barbeque
- Courtyard
- Open Balcony
- Bay
- Ocean View
Location
Approximate — shows the building, not the unit. Open in maps (opens in a new tab)
Estimated loan & HOA
Loan payment and HOA only. Property tax and insurance are significant here and are not included.
- Principal & interest
- $1,618
- HOA
- $959 / mo
Illustration only — not a loan offer, quote, or commitment. Assumes a 30-year loan at 6.5% with 20% down (rates as of July 2026); your actual terms will differ.
Schedule a tour
Request a private or video tour with a local agent.
Run the numbers
We fill in the price and the building's HOA dues. That leaves rent, tax, insurance and maintenance — they depend on your exemptions, your insurer and the unit, so we don't guess them. Vacancy and the loan terms below start at common defaults; change them.
Enter rent, 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. 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.