720 NE 69th St 21S, Miami, FL 33138

Condominium · Active

$1,700,000

720 NE 69th St 21S, Miami, FL 33138 — MLS photo

Miami Real Estate Listings & Homes for Sale

720 NE 69th St 21S, Miami, FL 33138

Bedrooms
3
Bathrooms
5
Interior
2,957 sq ft
Price / sq ft
$575/sq ft
Built
1972
Lot
—

The residence

Palm Bay Tower | Exceptional Investment Opportunity Now offered for sale, this exceptional residence in the iconic Palm Bay Tower features breathtaking direct bay views and spectacular natural light, with panoramic vistas spanning north, south, east, and west. An ideal opportunity for investors or visionary buyers looking to remodel and customize the space, unlock its full potential, and create a truly remarkable waterfront residence. Rare Added Value: This unit offers the unique possibility of connecting with Unit 21N, creating an opportunity to combine both residences into a larger, customized living space. A rare chance to invest in an iconic building, capitalize on extraordinary views, and transform this property into a stunning signature residence with exceptional potential. Special assessment $1507 per month

Property location

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720 NE 69th St 21S, Miami, FL 33138

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Facts & features

Interior

Bedrooms
3
Bathrooms
5
Living area
2,957 sq ft

Exterior & Structure

Property type
Condominium
Year built
1972

Parking

Not provided in the MLS listing.

HOA, Community & Financials

Association fee
$4,473
County
Miami-Dade
MLS listing ID
A12108607
Listing status
Active

Investment intelligence

Yield & ROI calculator

Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.

Estimated monthly cash flow

-$7,217

Cap rate
0.6%
Net yield
0.6%
Cash-on-cash return
-18.2%
Gross yield
7.1%
Mortgage payment
$8,059/mo
Down payment
$425,000
Loan amount
$1,275,000
Annual NOI
$10,102

Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.

Get More Info About This Property

720 NE 69th St 21S, Miami, FL 33138