About This Unit
Studio condo in the heart of Edgewater, one of Miami’s fastest-growing, most connected neighborhoods near Biscayne Bay. Currently rented at $1,850/month with lease in place through March 2027, making it a solid income-producing investment from day one. Open spaced unit, with actual kitchen versus typical kitchenette in there models making it unique. Close to Margaret Pace Park, Midtown, Wynwood, the Design District, and Downtown/Brickell. Do not disturb tenant.
Pricing at Bay Park Towers — $630/sqft
Bay Park Towers Unit 519 is listed at $630/sqft.
Building-level comparison data is thin for this bedroom count — see Recent Comparable Sales below.
Based on live MIAMIRE active & closed listings at Bay Park Towers.
Time on Market — 27 days
Bay Park Towers Unit 519 has been on the market for 27 days.
Building-level pace data is thin for this bedroom count.
Price History
Originally listed at $340,000. Reduced to $315,000 on Mar 31, 2026 (after 28 days on market) — -7.4% (−$25,000).
Estimated Monthly Cost
Mortgage (P&I)
$1,711
HOA
$340
Property Tax
$115
Total / mo
$2,166
Assumes 7.20% rate on 20% down (30-year fixed).
Tax effective rate 0.44%.
HOA $0.68/sqft · All-in $4.33/sqft / month.
Excludes wind / flood / contents insurance — verify your actual rate with a lender.
Schedule your private showing at Bay Park Towers.
Walk the unit with someone who knows this building inside out. Get pricing history, negotiation strategy, and the things the listing won't tell you.
That's (305) 337-4259 • Available 7 days a week
What to Verify
Flood Zone: This unit is in flood zone AE. High-risk flood zone (Special Flood Hazard Area). Federal flood insurance required for federally-backed mortgages.
Building Age: Built in 1961 (65 years old) — past Florida's 40-year recertification trigger; verify milestone status.
Verify all of the above with the HOA before closing.
Building: Bay Park Towers
Unit: 519
Year Built: 1961
Stories: 15
City: Miami
Postal Code: 33137
HOA Fee: $340 / Monthly
View: Garden View, Other View
Waterfront: No
Private Pool: No
Heating: None
Cooling: Central Air
Days on Market: 27
Listed: March 4, 2026
MLS #: A11975301
Location
Tour with Ricky
Schedule your private showing. Get pricing history, negotiation strategy, and the things the listing won't tell you.
Text or Call (305) 33-RICKYThat's (305) 337-4259
Email About This Unit
Ricky Garcia
Ricky J. Garcia LLC
Licensed with Global Luxury Realty
Listing courtesy of: Gallery Estates International Realty
Information provided by Miami Association of Realtors / SEFMLS • Deemed reliable but not guaranteed • MLS #: A11975301
• Updated Mar 31, 2026
• Photos uploaded 46 days ago.