1-bedroom loft apartment in Peloro, Miami Beach — 6620 Indian Creek
A spacious 1-bedroom, 1.5-bathroom loft apartment of 596 sq. ft. (approx. 55.4 m²) is for sale in the boutique condominium Peloro in the North Shore area of Miami Beach. The unit is located on the 4th floor and features an open layout, a walk-in closet, and a balcony with partial views of Biscayne Bay. The complex allows rentals of 30 days or more, making it attractive for investors or as a second home. Price — $479,000.
Location
Peloro is located at 6620 Indian Creek Dr in the North Shore area, which offers a quieter atmosphere compared to bustling South Beach. The neighborhood is known for its peaceful residential feel and proximity to the beach, parks, and shops. The Atlantic Ocean beach is just a few minutes' walk away. Nearby are local shops, restaurants, and Brittany Bay Park, a 4-minute walk away. Miami Airport is about 35 minutes away by car.
About the property
Apartment of 596 sq. ft. with an open loft-style layout. The bedroom opens into the living area, with a walk-in closet, a bathroom with a shower, and a balcony with partial bay views. The unit is fully vacant and ready for viewing. The building was constructed in 2016.
In the complex
Peloro is a boutique condominium with 114 units, built in 2016, featuring modern design and panoramic bay views. Amenities include: a pool with water views, a fitness center, a spa, a library, a business center, concierge services, and 24-hour security. Parking is provided via valet service.
Price and costs
- Price — $479,000.
- Price per square foot — $804.
- Year of construction — 2016.
Buyer closing costs in Miami‑Dade County include the Documentary Stamp Tax at a rate of $1.15 per $100 of the purchase price. Recording fees and title company fees are also payable.
Annual expenses: HOA fee is $747 per month. The fee covers maintenance of common areas, elevators, the fitness center, as well as pool maintenance and security. Property tax for 2025 was approximately $4,900–$5,000 (based on comparable properties in the county).
Purchase procedure and transaction format
Form of ownership — full freehold ownership in a condominium. Foreign buyers are eligible to purchase property in Florida. The transaction is closed through a title company and recorded in Miami‑Dade County. Online viewings and remote purchase by power of attorney are available. Languages of support — English, Spanish.
If you are considering it as an investment
Peloro allows rentals of 30 days or more. Miami Beach has strict short‑term rental regulations — it is prohibited in most residential zones, and licenses from the city, county, and state are required. In 2026, authorities have tightened enforcement: unauthorized rentals carry fines starting at $20,000 for a first offense. Be sure to verify that all necessary licenses are in place before commencing operations, and also check the condominium association's rules — even if the city allows rentals, the association may prohibit them. The monthly HOA fee of $747 covers major maintenance costs.
Suitable for
- Investors looking for a property with permitted rentals in a prestigious area with developed infrastructure.
- Buyers wanting a second home or vacation property in Miami Beach.
- Those who value a modern boutique complex with a full range of services.
May not be suitable for
- If you need a direct ocean‑view unit — the view is partial, facing the bay.
- If you plan short‑term rentals (less than 30 days) — the complex only allows rentals of 30 days or more.
- If your budget is not set for a high monthly HOA fee ($747/month).
- If you plan to use the Homestead exemption — it is only available for primary residence, not for investment properties.
- If you prefer a unit with its own parking — the complex only has valet parking.
What to know before the transaction
The building was constructed in 2016, but it is recommended to request from the HOA a report on the reserve fund and the current state of capital repairs. The monthly HOA fee of $747 covers many services, but the association's financial health should still be verified. Be sure to check the rental feasibility and all current permits before purchasing. Miami Beach's strict short‑term rental regulations require separate licenses from the city, county, and state, and in 2026, fines for violations have increased. During the high season, the area is busy and parking near the building may be crowded.
How to view and purchase
Let us know when you plan to visit and what your budget is. A Discount House manager will confirm the property's availability, provide a full cost breakdown for the transaction, and suggest alternatives in the same area. Viewings in person or via video. Response within 30 minutes.