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Condominium
$229,000$382 / sqft
1127 Meridian Ave # 1127, Miami Beach FL 33139
Listed
1
Bedrooms
1
Bathrooms
600 sqft
Interior
1956
Year built
$662 / mo
HOA
Condominium
Type
About this home
Experience the best of South Beach living in this charming 600 SF second-floor residence in Park Square, a boutique two-story Art Deco building on picturesque, tree-lined Meridian Avenue. One of the building's greatest advantages is its intimate size—just two stories—offering a more private atmosphere and helping reduce the risk of the large special assessments often associated with high-rise condominiums. Perfectly situated directly across from Flamingo Park, you'll enjoy tennis courts, a swimming pool, athletic facilities, and green space right outside your door, while being just moments from the beach, Whole Foods, Lincoln Road, restaurants, cafés, and all the best of South Beach. The bright one-bedroom, one-bath residence features an updated kitchen, spacious walk-in closet, and a private balcony overlooking the lush tropical courtyard—creating a peaceful retreat in the heart of Miami Beach. Whether you're looking for a primary residence, vacation getaway, or investment opportunity, this home offers timeless Art Deco charm, an unbeatable location, and the lasting appeal of boutique Miami Beach living. There is currently a tenant in place on a month to month lease, going for $1,800.
Features
- Second Floor Entry
- Courtyard
- Garden 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.
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 in Miami Beach, from 200 active listings; the middle half ask $2,350–$4,500.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.