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Listed
Just one block from Miami Beach, this beautifully upgraded 1-bedroom, 1-bathroom condo sits in the gated Balmoral Apartments, a 55+ community in the heart of South of Fifth. This top-floor unit has been extensively renovated with modern tile flooring, custom closets, upgraded doors, LED lighting, a fully renovated bathroom, and a move-in-ready kitchen with sleek countertops. It's one of the most comprehensively upgraded units in the building — bright, quiet, and turnkey, with a functional layout suited to a relaxed coastal living. Units here rarely come available, making this a rare find in a prime SoFi location, close to the beach, parks, dining, and shopping. At least one occupant must be 55+. Association application and approval required. No rentals permitted.
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.
Approximate — shows the building, not the unit. Open in maps
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 Miami Beach, from 200 active listings; the middle half ask $2,100–$3,550.That is what landlords ask, not what units let for — edit it if you know better.
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.
Loan payment and HOA only. Property tax and insurance are significant here and are not included.
Illustration only — not a loan offer, quote, or commitment. We are not a lender and neither offer nor arrange financing. Assumes a 30-year loan at 6.5% with 20% down (rates as of July 2026); your actual terms will differ.
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