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Condominium
$498,000$604 / sqft
1200 Brickell Bay Dr # 3206, Miami FL 33131
Listed
1
Bedrooms
1
Bathrooms
825 sqft
Interior
2005
Year built
$634 / mo
HOA
Condominium
Type
About this home
Great investment opportunity in the heart of Brickell! 1-bedroom, 1-bath residence at The Club at Brickell Bay is perfectly positioned for investors looking to capitalize on Miami's thriving short-term rental market. Located in one of the very few residential buildings in Brickell that allows short term rentals, AIRBNB, this property offers the flexibility today's investors are searching for. The unit features newer appliances, a brand-new water heater, an in-unit washer and dryer, assigned parking, and partial bay and city views from the private balcony. Guests love this unbeatable location—just steps from Brickell City Centre, Mary Brickell Village, world-class restaurants, rooftop bars, shopping, and the Metromover, with easy access to Downtown Miami, Miami Beach, Wynwood, and the airport. Miami's year-round calendar of major events—including Formula 1, Art Basel, the Miami Open, Ultra Music Festival, the South Beach Wine & Food Festival, concerts, cruises, and international sporting events—continues to drive strong demand for short-term accommodations, making this an exceptional opportunity to generate income while owning real estate in one of the city's most sought-after neighborhoods. Seller is motivated..
Features
- First Floor Entry
- Barbeque
- Open Balcony
- Bay
- Other View
Leasing
- Minimum lease
- 1 day
- Leases permitted per year
- 365
- Daily Rentals Allowed
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 in Brickell, from 200 active listings; the middle half ask $3,050–$4,300.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.