Atlantic Luxury AdvisorsKeller Williams Realty Services

14 photos

2000 N Bayshore Dr #506

Miami, FL 33137

$380,000
1
1
747 sq ft
2004
1 car
Condominium
$724/mo
Yes
170
Active

Listing courtesy of International Sales Group Realty, LLC.. Contact: [email protected].

About this home

Prime investment opportunity in the highly desirable Edgewater neighborhood. This well-maintained 1-bedroom residence at 2000 N Bayshore Dr, Unit 506 features updated appliances throughout, including in-unit washer and dryer, enhancing its appeal for tenants and long-term occupancy. Ideally located directly across from Margaret Pace Park and just steps from Biscayne Bay, offering a unique combination of waterfront lifestyle and urban convenience. Situated in a high-demand rental corridor with close proximity to Downtown Miami , Brickell, Wynwood, Midtown Miami , and the Design District. An excellent opportunity for investors seeking consistent rental demand, strong tenant appeal, and long-term appreciation in one of Miami’s fastest-growing areas.

What it costs to own
Estimated monthly payment
$3,409/mo
Principal and interest
$1,921
Property tax
$522
Homeowners insurance
$242
HOA
$724

An estimate, not a loan offer. The rate and insurance are assumptions to edit with your own quotes; Florida insurance varies widely by age, construction and distance to the coast. Flood insurance and PMI are not included.

Florida cost of ownership
Estimated property tax
$6,267/yr

Estimate: the price times the Miami-Dade County average total millage (18.49 mills, Florida Department of Revenue, 2025 average total millage by county), less the homestead exemptions. The actual bill depends on the city, the assessed value and special assessments. Save Our Homes then caps annual assessment increases at 3% or inflation, whichever is lower.

The full yearly cost of owning this home: property tax levy by levy from the published millage of the parcel’s taxing district (a mailing city is not always inside its city limits), the Save Our Homes cap, HOA and the insurance quotes to get.

HOA
$724/mo (from the listing)
FEMA flood zone
Lookup unavailable. Check the FEMA map
Hurricane evacuation zone
Lookup unavailable. Know your zone

Sources: FEMA National Flood Hazard Layer and the Florida Division of Emergency Management evacuation zones, looked up at the listing point. Confirm with an elevation certificate and your insurer.

Florida condo safety laws

Cite Condos was built in 2004, according to the county property appraiser.

If it has three or more habitable stories, Florida law (s. 553.899, F.S.) requires a milestone structural inspection by December 31 of the year it reaches 30 years of age, then every 10 years; for a building of this age the first one is due by December 31, 2034. A local building official may require it at 25 years near salt water.

Condominium buildings of three or more stories also need a structural integrity reserve study (s. 718.112(2)(g), F.S.) at least every 10 years; associations formed on or before July 1, 2022 had to complete one by December 31, 2025.

Dates follow from the statutes and the year the county appraiser lists for the building, not from the association's records. Ask the association for its milestone inspection report, its most recent structural integrity reserve study and any approved or proposed special assessments, and review them before you buy.

Location
Location from the listing's MLS coordinatesMap data © OpenStreetMap contributors

Listing data provided by the Southeast Florida Multiple Listing Service (MIAMI REALTORS®). The data is deemed reliable but is not guaranteed accurate by the MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and is deemed reliable but is not guaranteed accurate by the MLS. Atlantic Luxury Advisors is a real estate team at Keller Williams Realty Services. Payment, tax and flood figures on this page are estimates by Atlantic Luxury Advisors, not MLS data.