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Waterfront · Condominium
$519,000$473 / sqft
1408 Brickell Bay Dr # 518, Miami FL 33131
Listed
2
Bedrooms
2
Bathrooms
1,098 sqft
Interior
1964
Year built
$1,235 / mo
HOA
Condominium
Type
About this home
Completely renovated 2-bedroom, 2-bath bayside residence at Brickell Bay Tower, thoughtfully designed from top to bottom with every detail considered to create a move-in-ready home with city views, partial water views, and abundant natural light. Renovations and upgrades include a fully renovated kitchen with contemporary finishes and a large cooking island, renovated bathrooms, wood laminate flooring throughout, upgraded impact windows, floor-to-ceiling impact windows in the living area, updated lighting and finishes, generous built-out closet space, and in-unit washer and dryer. The residence has one conveniently located parking space near the building entrance. Residents enjoy exceptional building amenities, including 24-hour security, an attended lobby, a fitness center, covered parking, a waterfront swimming pool, a BBQ area — all designed for effortless luxury living. Building-wide Google Fiber internet service coming, expected late 2026. Perfectly situated in Brickell Bay Drive, you're five blocks away from Brickell City Centre and just steps from the array of shops, fine dining, trendy cafés, and vibrant nightlife that Brickell offers.
Features
- First Floor Entry
- Built-in Features
- Closet Cabinetry
- Cooking Island
- Walk-In Closet(s)
- Open Balcony
- Bay
- Other View
- Water 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 2-bed rentals in Brickell, from 200 active listings; the middle half ask $4,000–$6,200.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.