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Waterfront · Condominium
$269,900$342 / sqft
2841 NE 163rd St # 605, North Miami Beach FL 33160
Listed
1
Bedrooms
2
Bathrooms
790 sqft
Interior
1969
Year built
$667 / mo
HOA
Condominium
Type
About this home
Enjoy waterfront living in this well-maintained 1-bedroom, 1.5-bath condo in the heart of North Miami Beach. Located on the 6th floor, this unit offers beautiful water views, plenty of natural light, and a spacious, functional layout. The open living and dining area leads to a private balcony, perfect for relaxing or entertaining. The kitchen provides ample cabinet space, while the generously sized bedroom includes great storage and an en-suite bath, plus a convenient half bath for guests. Polished concrete ready for the next owner to choose tile or an alternate flooring with sound proofing. Secured building with amenities including a pool, fitness center, and assigned parking. Ideally located just minutes from beaches, shopping, dining, and major highways for easy commuting.
Features
- First Floor Entry
- Open Balcony
- Bay
- Other View
- Pool Area View
- Water View
Leasing
- Minimum lease
- 365 days
- Leases permitted per year
- 1
- No Lease First 2 years
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.
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–$3,750.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.