All listings
Active
Active1 / 34
Photo 1 of 34
Waterfront · Condominium
$3,950,000
16 Island Ave # 5C, Miami Beach FL 33139
Listed
3
Bedrooms
3
Bathrooms
— sqft
Interior
1958
Year built
None
HOA
Condominium
Type
About this home
One of a Kind. One in a Million. A truly stunning house - like condominium offering an extraordinary blend of space, style, and views of Biscayne Bay. This expectional residence features a completely reimagined floor plan with three bedrooms and two-and-a-half baths, creating a bright, open and spacious experience. This archetectual digest quality renovation feature a custom kithen with Wolf appliances. Additional features include large balcony and in unit laundry. Ideally situated on Belle Isle's most desirable mid-century landmark building.
Features
- Interior Hall
- Lobby
- Closet Cabinetry
- Fire Sprinklers
- Split Bedroom
- Walk-In Closet(s)
- Barbeque
- Courtyard
- Bay
- Intracoastal View
- Pool Area View
Leasing
- Minimum lease
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 3-bed rentals in Miami Beach, from 97 active listings; the middle half ask $9,900–$39,500.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.