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2
Bedrooms
3
Bathrooms
1,274 sqft
Interior
2008
Year built
$1,496 / mo
HOA
Condominium
Type
About this home
Experience Luxury living at The Ivy in the brand new Faena District with this beautifully updated 2-bedroom, 2.5-bath condo on the 12th floor. Includes TWO assigned parking spaces and a storage unit. Motivated seller. Over $60,000 in upgrades throught, including a brand new AC, new dryer, new doors, and new appliances. The completely renovated kitchen geatures modern cabinetry and high hat lightning. The primary suite has been upgraded with soffit and high hat lighting, plus a custom built-out closet. The primary bathroom has been updated with a new shower head, valve and handles. The wraparound balcony has been professionally finished with artificial turf, creating the perfect outdoor space. Enjoy top-tier amenities including two pools, a gym, hot tub, sauna, steam room, spa, and social and game rooms. The building also offers 24-hour security, two onsite markets, two cafes, a brand new restaurant, a private gym, and a spa. Easy to show, Bring your offer!!
Features
- Other
- Open Balcony
- River
Leasing
- Minimum lease
- 365 days
- Leases permitted per year
- 1
- 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 2-bed rentals in Brickell, from 200 active listings; the middle half ask $4,000–$6,500.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.