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Waterfront · Townhouse
$1,550,000$873 / sqft
2005 Calais Dr # 1, Miami Beach FL 33141
Listed
3
Bedrooms
3
Bathrooms
1,775 sqft
Interior
2025
Year built
$500 / mo
HOA
Townhouse
Type
About this home
Experience the best of Miami Beach living in these elegant new construction townhomes with unparalleled waterfront views and modern luxury living located in one of the world’s most coveted destinations. Offering stunning homes offer 3 bedroom, 2.5 bathrooms and 1775 square feet of meticulously crafted living space.Located in the heart of Normandy Isles, this picturesque, island-inspired enclave provides the perfect balance of peaceful waterfront living and close proximity to the best Miami Beach has to offer. Enjoy easy access to the beautiful sands of Miami Beach, trendy dining, world-class shopping of Bal Harbour, and vibrant nightlife. Explore nearby parks, golf courses, and recreational areas, all within minutes from your front door. Boat docks available. Expected delivery mid/end of 2026.
Features
- First Floor Entry
- Cooking Island
- East Of Us1
- Barbeque
- Open Balcony
- Canal
- Golf View
Leasing
- Minimum lease
- 180 days
- Leases permitted per year
- 2
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 3-bed rentals in Miami Beach, from 5 active listings; the middle half ask $8,000–$9,700.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.