Condo · Miami Beach · Miami-Dade County

6905 Bay Dr #16, Miami Beach

Waterfront ground-floor corner 2-bedroom / 2-bath condo with bay and canal views, central A/C and in-unit laundry. The broker describes included parking, while the structured parking field says on-street.

Recorded status: Broker page reported active; recheck availability. Checked: Oct 30, 2026.

Dated listing record · recheck availability and legal unit count.

Asking price: $399,000

Monthly rent · Scenario: Not reported

Unit mix & possession

One individual ground-floor 2-bedroom / 2-bath corner condo, 823 living SF.

Reported units: 1
Reported listing area: 823 sq ft
Reported year built: 1932
Asking / reported sq ft: $485
HOA / month: $750

SIEARN TAKE

Why we’re tracking it

The strongest repeated-cut waterfront lead in this pass: eleven distinct asking-price reductions from $499,000 to $399,000, including October 28 and 29. That is a $100,000 reduction (20.0%), with a reported $750/month HOA. Waterfront is a bay/canal setting, not an open-ocean residence.

LISTING AGENT’S DESCRIPTION · SUMMARY

One individual ground-floor 2-bedroom / 2-bath corner condo, 823 living SF.

The $750/month HOA is $9,000/year before property taxes, unit insurance, repairs or any financing. Assessment and reserve obligations remain unverified.

Listed by Realty One Group Evolution · via William Raveis · observed Oct 30, 2026Read the full agent description at Realty One Group Evolution ↗

View broker photos (opens broker website)

Broker info & key considerations To confirm

Bay/canal waterfront · eleven price cuts

Confirm current lease and possession, association budget and assessments, parking rights and unit condition.

The $750/month HOA is $9,000/year before property taxes, unit insurance, repairs or any financing. Assessment and reserve obligations remain unverified.
A separate rental MLS reports a $2,700/month lease closing in May 2026; current occupancy, lease term and collections are unconfirmed. Historical rent is not adopted as current income.
Included parking in remarks conflicts with the on-street structured field. Confirm deeded rights and waterfront/common-area access; no private dock is established.

Source evidence and diligence

Financial figures observed Oct 30, 2026. Reported income is not audited collections. Editable estimates, financing and saved assumptions are separate from these source facts.

Gross rental yield basis

Needs supported whole-property rent or your rent assumption and a positive asking price. Unknown rent is not zero.

Sources

Realty One Group Evolution · via William Raveis · MLS A12061549Source observation · Oct 30, 2026
Historical rental only · MLS A11972874 · May 2026 closing, not current rentSource observation · Oct 30, 2026

Questions to resolve

Confirm current lease and possession, association budget and assessments, parking rights and unit condition.
Obtain unit insurance and financing quotes; current income and net return remain unestablished.

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45 properties

Compare income, cash flow and risks.

45 of 102 researched properties

Multifamily

Price$499K$340/SF

1932 Dewey St

Hollywood South Side · Hollywood

2 reported units1,468 SF

Reported rent / mo: $3,900
Reported gross yield¹: 9.4%
Est. cap rate: 3.6%
Est. cash flow / mo: $1,388

$7,474/year historical tax

Source checked · Oct 5, 2026

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Multifamily

Price$1.39M$459/SF

1765 Normandy Dr

Normandy Isle · Miami Beach

4 reported units3,024 SF

Reported rent / mo: $8,667
Reported gross yield¹: 7.5%
Est. cap rate: 2.8%
Est. cash flow / mo: $2,972

2 × 2BR/1BA + 2 × 1BR/1BA
$15,491/year historical tax

Source checked · Oct 18, 2026

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Multifamily

Price$1.4M$314/SF

851 80th St

North Beach · Miami Beach

4 reported units4,458 SF

Reported rent / mo: $8,800
Reported gross yield¹: 7.5%
Est. cap rate: 2.6%
Est. cash flow / mo: $2,788

4 × 2BR/1BA
No HOA reported
$17,758/year historical tax

Source checked · Sep 25, 2026

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Multifamily

Price$1.7M$487/SF

2120 Biarritz Dr

Normandy Isle · Miami Beach

4 reported units3,492 SF

Reported rent / mo: $9,700
Reported gross yield¹: 6.8%
Est. cap rate: 2.5%
Est. cash flow / mo: $3,185

2 × 1BR/1BA + 1 × 2BR/1BA + 1 × 2BR/2BA
$18,497/year historical tax

Source checked · Sep 25, 2026

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Multifamily

Price$680K$179/SF

978 Gibraltar Rd

Winston Park · Key Largo

2 reported units3,794 SF

Reported rent / mo: $4,400
Reported gross yield¹: 7.8%
Est. cap rate: 1.9%
Est. cash flow / mo: $926

Two 2-bedroom / 1-bath units, each reported at $2,200 per month
$4,605/year historical tax

Source checked · Oct 14, 2026

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4133 SW 52nd St: aerial photograph of the existing duplex and lot

Multifamily

Price$839K$432/SF

4133 SW 52nd St

Broward Gardens · Dania Beach

2 reported units1,942 SF

Reported rent / mo: $4,350
Reported gross yield¹: 6.2%
Est. cap rate: 1.7%
Est. cash flow / mo: $1,065

Two existing residences: 3 bed / 2 bath and 2 bed / 2 bath
$13,067/year historical tax

Source checked · Oct 2, 2026

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Multifamily

Price$1.24M$709/SF

600 SW 16th Ave

Little Havana · Miami

3 reported units1,748 SF

Reported rent / mo: $6,000
Reported gross yield¹: 5.8%
Est. cap rate: 1.5%
Est. cash flow / mo: $1,399

Three apartments in one offering
Built 1953
$11,161/year historical tax

Source checked · Oct 28, 2026

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1938 Pierce St: listing exterior photograph

Multifamily

Price$495K$472/SF

1938 Pierce St

Royal Poinciana · Hollywood

2 reported units1,049 SF

Reported rent / mo: $2,800
Reported gross yield¹: 6.8%
Est. cap rate: 1.4%
Est. cash flow / mo: $498

Two 1-bedroom / 1-bath apartments offered together
Built 1954
5,454 SF lot

Source checked · Oct 11, 2026

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18 Prospect Ln A & B listing photograph 1

Multifamily

Price$465K$177/SF

18 Prospect Ln A & B

Palm Coast Sec 24 · Palm Coast

2 reported units2,622 SF

Potential rent / mo: $3,370
Potential gross yield¹: 8.7%
Est. cap rate: 2.7%
Est. cash flow / mo: $930

3 bed / 2 bath per unit
Garage per unit
2023 reroof permit

Source checked · Oct 12, 2026

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Multifamily

Price$469K$181/SF

13 Buttonwood Ln

Palm Coast Sec 35 · Palm Coast

2 reported units2,588 SF

Potential rent / mo: $3,300
Potential gross yield¹: 8.4%
Est. cap rate: 2.5%
Est. cash flow / mo: $874

3 bed / 2 bath per unit
2 attached garages
Screened rear porches

Unit A advertised vacant

Source checked · Oct 28, 2026

Open brief

Multifamily

Price$2.35M$676/SF

815 W 39th St

Mid-Beach · Miami Beach

4 reported units3,474 SF

Reported rent / mo: $12,450
Reported gross yield¹: 6.4%
Est. cap rate: 2.4%
Est. cash flow / mo: $4,357

4 × 2BR/2BA
$26,623/year historical tax

Workbook research · Sep 22, 2026

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Multifamily

Price$1.81M$467/SF

1791 Marseille Dr

Normandy Isle · Miami Beach

4 reported units3,872 SF

Reported rent / mo: $8,900
Reported gross yield¹: 5.9%
Est. cap rate: 1.7%
Est. cash flow / mo: $2,279

4 × 2BR/1BA per listing narrative

Workbook research · Sep 22, 2026

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Florida property research

Research scope includes Miami-Dade, Broward, the Florida Keys and Flagler County. Published observations vary by market.

¹ Gross yield excludes costs and financing. Source figures are unverified; estimates use editable assumptions. Check current listing availability. County records are separate from listings. Saves stay in this browser; export a backup before clearing site data. Sources & methods