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Waterfront · Condominium
$510,000$645 / sqft
601 NE 27th St # 1505, Miami FL 33137
Listed
1
Bedrooms
1
Bathrooms
791 sqft
Interior
2016
Year built
$1,051 / mo
HOA
Condominium
Type
About this home
Spacious Bayfront 1BR/1BA with Iconic Views & Resort-Style Amenities wake up to breathtaking, unobstructed views of Biscayne Bay where manatees and dolphins often glide by and the sparkling Miami Beach skyline. This spacious 1bed/1bth is located in a boutique, bay front building with soaring ceilings and exclusive boardwalk access, set beside a beautifully landscaped dog park. This LEED Silver–certified home offers sustainable living with exceptional value: virtually all utilities are included in the monthly association fee, and there are no outstanding special assessments. Enjoy elegant modern finishes including quartz countertops, wood-look porcelain tile flooring, floor-to-ceiling impact windows, and a private balcony perfectly positioned to take in the views. The building features resort-style amenities with panoramic bay vistas, including a waterfront pool and hot tub, fully equipped gym, business center, and private theater. Located in Edgewater, across the bay from the new Villa Miami by the Carbone Group, and walkable to Whole Foods, Trader Joe’s, Midtown shops, Wynwood, and the Design District. Includes one assigned covered parking space with free electric vehicle charging. Select furnishings are negotiable with the sale, including a new leather sofa, two modern leather chairs, dining table/six chairs, barstools, rugs, and an entertainment unit. A rare opportunity to own a tranquil waterfront condo with city convenience, sustainable features, and unforgettable views.
Features
- First Floor Entry
- Fire Sprinklers
- Pantry
- Walk-In Closet(s)
- East Of Us1
- Open Balcony
- Bay
- Other View
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 1-bed rentals across Miami-Dade, from 200 active listings; the middle half ask $2,000–$3,800.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.