$35,000 /mo

4701 N Meridian Ave, # 222Miami Beach, FL 33140

Water view at The Ritz-Carlton Miami Beach

2 bd
2.5 ba
2,878 sqft

Condo

Marko Gojanovic

ONE Sotheby's International Realty

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About this home

Bring your boat & live in luxury at The Ritz-Carlton Miami Beach with your own private 40’ boat slip just outside your residence. This 2BD/2.5BA waterfront home features soaring 16’ ceilings & walls of glass that flood the open floor plan. A sleek black marble kitchen & wine cellar makes entertaining seamless. Over 1,400 SF of outdoor living includes a balcony, terrace, summer kitchen, jetted jacuzzi, & spacious lounge/dining areas—perfect after a day on the water. The entry-level primary suite offers a spa-like retreat, while the upstairs guest suite includes a workspace. Elegant finishes include emerald herringbone tile, custom millwork, & designer lighting. Residents enjoy world-class Ritz-Carlton amenities: resort-style pools, fitness center, entertainment lounges & concierge service.

PantryOutdoor LivingPoolGymSpa / Hot TubBayfrontPrivate Dock

Facts & features

Property type: Condo
Beds: 2
Baths: 2.5
Living area: 2,878 sqft
Year built: 2019
Stories: 8
Garage spaces: 2

Rent & budget

Fits a household income of about

$1,400,000a year

By the usual guideline, rent takes no more than 30% of income before tax. Add yours to see how this rent fits.

Household income, yearly

Rent or buy

This rent would cover the monthly payment on a home around $5,205,000, with $1,041,000 down and taxes and insurance included. The median home in Miami Beach sold for $549,636 in Aug 2026.

How long you'd stay

Over 7 years, buying a $5,205,000 home would cost about $458,000 less than renting. Buying costs less once you stay 5 years or more.

Estimated total cost over 7 years

Renting: $3,218,000
Buying, after selling: $2,760,000

Home price

Down payment

Buying counts the cash you put in, the loan payments, taxes, insurance and upkeep, less what you'd keep from selling after paying off the loan. Assumes a 30-year loan at 7.28%, home values rising 3% and rents 3% a year, 1% of the home's value a year for upkeep, 3% to buy and 6% to sell, and that cash put into buying would otherwise earn 4% a year.

Guidelines only. The landlord decides what it takes to qualify. Consult a real estate professional and/or a financial advisor before making decisions.