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Waterfront · Condominium
$1,200,000$1,086 / sqft
1200 Brickell Bay Dr # 3701, Miami FL 33131
Listed
3
Bedrooms
2
Bathrooms
1,105 sqft
Interior
2005
Year built
$946 / mo
HOA
Condominium
Type
About this home
High performing 3-bedroom Airbnb in the sky at The Club at Brickell Bay. This furnished 37th-floor corner residence offers bay and ocean views, a wraparound balcony, impact windows and doors, marble bathrooms, quartz kitchen countertops, in-unit washer/dryer, smart-home features, and a flexible converted third bedroom with a contemporary glass wall. Recently refurnished and painted to optimize guest experience and short-term rental revenue, the unit is currently on pace for approximately $150K in 2026 gross revenue, with expert management already in place. Located in the heart of Brickell near Brickell City Centre, restaurants, nightlife, offices, transit, and waterfront attractions. Building amenities include pool, fitness center, spa/hot tub, children’s play area, security, valet, guest parking, and covered assigned parking. A true turnkey income-producing opportunity in one of Miami’s strongest short-term rental markets. Financials and pro forma available upon request. **Over 6% in place NOI**
Features
- Fire Sprinklers
- Open Balcony
- Bay
Leasing
- Minimum lease
- 1 day
- Leases permitted per year
- 365
- 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 3-bed rentals in Brickell, from 102 active listings; the middle half ask $7,200–$14,700.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.