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7118 Bonita Dr, Unit 704
+30 more
$260K

Fountain Towers Condo Unit 704

7118 Bonita Dr, Unit 704 • Miami Beach, FL 33141

at Fountain Towers Condo

Beds
1
Baths
2
Living Area
865 SF
Price / SF
$301
HOA / Monthly
$544
Days on Market
53

About This Unit

Welcome to this bright and spacious apartment, ideally located on a quiet waterfront street in Miami Beach. This well-maintained unit offers a smart, functional layout with generous living and dining areas, abundant natural light, and ample storage throughout. The primary suite features 2 large closet and en-suite bath, while second bathroom provides added convenience for guests. perfect for enjoying tranquil canal views and coastal breezes. Positioned on a navigable canal with ocean access, the property is ideal for those who appreciate waterfront surroundings. Located just minutes from the beach, parks, dining, shopping, and neighborhood conveniences, this residence offers the perfect blend of peaceful waterfront living and vibrant Miami Beach accessibility. Ideal as a primary residence, vacation home, or investment opportunity. Brand new A/C conditioning system, trash Shute, laundry facilities and storage in every floor. This secure, elevator building offers gated entry and assigned parking. Association maintenance cover water, flood insurance, and trash.

Pricing at Fountain Towers Condo — $301/sqft
Fountain Towers Condo Unit 704 is listed at $301/sqft.
Building-level comparison data is thin for this bedroom count — see Recent Comparable Sales below.
Based on live MIAMIRE active & closed listings at Fountain Towers Condo.
Time on Market — 53 days
Fountain Towers Condo Unit 704 has been on the market for 53 days.
Building-level pace data is thin for this bedroom count.
Price History
Originally listed at $300,000. Reduced to $259,999 on Apr 13, 2026 (after 54 days on market) — -13.3% (−$40,001).
Estimated Monthly Cost
Mortgage (P&I)
$1,412
HOA
$544
Property Tax
$292
Total / mo
$2,247
Assumes 7.20% rate on 20% down (30-year fixed). Tax effective rate 1.35%. HOA $0.63/sqft · All-in $2.6/sqft / month. Excludes wind / flood / contents insurance — verify your actual rate with a lender.

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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 1970 (56 years old) — past Florida's 40-year recertification trigger; verify milestone status.
Verify all of the above with the HOA before closing.
Unit: 704
Year Built: 1970
Stories: 8
City: Miami Beach
Postal Code: 33141
HOA Fee: $544 / Monthly
View: Bay, Skyline
Waterfront: No
Private Pool: No
Heating: Central, Electric
Cooling: Central Air, Electric
Days on Market: 53
Listed: February 19, 2026
MLS #: A11969534

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-RICKY
That's (305) 337-4259
Email About This Unit
Ricky Garcia
Ricky Garcia
Ricky J. Garcia LLC
Licensed with Global Luxury Realty
Listing courtesy of: Fausto Commercial Realty Consultants Inc
Information provided by Miami Association of Realtors / SEFMLS • Deemed reliable but not guaranteed • MLS #: A11969534 • Updated Apr 13, 2026 • Photos uploaded 59 days ago.