$280,000

1215 West Avenue, unit 402Miami Beach, FL 33139

Turnkey Short-Term Rental Gem | 4th-Floor West-Facing Balcony in South Beach

1 bd
1 ba
520 sqft
$538 /sqft

Condo

Paul Sasseville

Compass

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About this home

Put your Miami Beach getaway home to work for you! Situated in a modern 2016 building along the vibrant West Avenue corridor, Unit 402 is a rare find offering one of the largest 1-bedroom, 1-bathroom floor plans in the building (520 sq. ft.). This legal condo-hotel is zoned for short-term rental income and comes fully turnkey furnished and equipped, letting you generate revenue from day one. Enjoy sunset views from your private west-facing balcony, floor-to-ceiling hurricane impact glass, and a sleek contemporary design. Take advantage of flexible options to manage the unit through the on-site rental program or rent it out independently (note: Airbnb is not permitted). Residents and guests enjoy top-tier amenities, including a scenic rooftop pool, doorman security, and first-floor dining, all just steps from Biscayne Bay and Lincoln Road.

Pool

Facts & features

Property type: Condo
Beds: 1
Baths: 1
Living area: 520 sqft
Year built: 2016

Monthly payment

Estimated payment

$1,883a month

Principal & interest$1,533
Property tax$233
Home insurance$117

Down payment

Interest rate

Average 30-year fixed rate as of Oct 1, 2026.

Loan term

Cash to buy

$61,600 to $70,000

Your $56,000 down payment plus closing costs. Those are paid at closing, not added to the loan, and usually run 2% to 5% of the price.

Your budget

This payment is comfortable on a household income of about $81,000 a year before tax, with no more than 28% of it going to housing. Add yours to see how it fits.

Household income, yearly

Other debt payments

/mo

Estimates only, not a loan offer or a quote. Taxes and insurance start from typical rates in Florida and will differ for this home. Consult a lender for accurate figures, as your personal financial situation may vary.