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Waterfront · Condominium
$1,200,000$1,113 / sqft
650 West Ave # 1503, Miami Beach FL 33139
Listed
2
Bedrooms
2
Bathrooms
1,078 sqft
Interior
1997
Year built
$1,568 / mo
HOA
Condominium
Type
About this home
Spectacular wide Biscayne Bay views define this refined 2-bedroom, 2-bath residence at The Floridian. Thoughtfully designed interiors feature custom-built closets and cabinetry throughout, a custom pantry, in-unit laundry, tile floors throughout and a raised decorative tray ceiling with recessed lighting. Step onto the open balcony to take in sweeping bay and Intracoastal views. The residence also includes an oversized corner parking space with a striking view of the bay. The Floridian offers an exceptional collection of amenities, including two heated pools with towel service and Miami skyline views, a 6th-floor hot tub, expansive fitness center, business center with private meeting rooms, media and entertaining spaces, BBQ area, and tennis, pickleball and basketball courts. An on-site market serves breakfast and smoothies, while 24-hour concierge and security add convenience. Ideally situated near shopping, restaurants, parks and the beach, with internet/WiFi included in maintenance.
Features
- Other
- Open Balcony
- Bay
- Intracoastal View
Leasing
- Minimum lease
- 180 days
- Leases permitted per year
- 2
- Ok To Lease
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.
Location
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 Miami Beach, from 200 active listings; the middle half ask $3,600–$10,000.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.