825 Brickell Bay Dr Apt 1151
Miami, FL 33131 · condos · For Sale · 41 days on market
Asking price$750,000
4 beds 3 baths 1,980 sqft
Listed by Patricia Prado · Douglas Elliman - 5555 Biscayne Blvd
Typecondos
Built1968
Price / sqft$379
Est. value (own analysis)$2,328,163
Rent estimate (own analysis)$13,800/mo
HOA$1,974/mo
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Statusfor_sale
Listed date2026-07-23
Removed date—
MLSMiamiMLS #A12057408
Coordinates25.76477, -80.18902
Address825 Brickell Bay Dr Apt 1151
CityMiami
StateFL
Zip33131
Listing ID5398274768
Sourceus-real-estate-listings, cached 2026-08-29
ZIP market snapshot (33131)
Typical home value (ZHVI)$587,486
Typical rent (ZORI)$3,815/mo
Zillow Research's ZHVI (home value index) and ZORI (rent index) for this ZIP, as of 2026-07 — free published data, refreshed monthly, no RentCast quota spent. "Typical value/rent" is a smoothed index, not a literal median of active listings.
Underwriting (buy-and-hold, default assumptions)
| Acquisition (one-time, not monthly/yearly) | |
| Purchase price | $750,000 |
| Down payment (20.0%) | $150,000 |
| Loan amount | $600,000 |
| Closing costs (5.0%) | $37,500 |
| Total cash to close | $187,500 |
| Income | |
| Rent (comp-derived) | $13,800$165,600 |
| Vacancy loss (8.0%) | |
| Effective gross income | $12,696$152,352 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $1,188$14,250 |
| Insurance (placeholder 0.8% of price) | $500$6,000 |
| HOA dues | $1,974$23,688 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $690$8,280 |
| Total operating expenses | $4,352$52,218 |
| Net operating income (NOI) | |
| Debt service & reserves | |
| Debt service (6.66%, avg 30yr rate as of 2026-08-27, 30yr amortizing) | |
| CapEx reserve (5.0% of GSR) | $690$8,280 |
| Mortgage insurance (PMI) (0.0% of loan, not required — down payment ≥ 20%) | $0$0 |
| Cash flow |
Cap rate
Cash-on-cash
DSCR
Rent-to-price (1% rule)
Gross rent multiplier
Operating expense ratio
Break-even occupancy
Comparables
Same ZIP. Real active rental listings, used to derive the rent estimate above.
| Address | Type | Beds | Baths | Sqft | Asking rent | Listed | Days on market |
|---|---|---|---|---|---|---|---|
| condos | 4 | 4 | 2,391 | $24,000 | 2026-08-17 | — | |
| condos | 4 | 3 | 2,646 | $10,000 | 2026-07-20 | — | |
| condos | 4 | 4 | 2,365 | $13,800 | 2026-07-10 | — |
Same ZIP & bedroom count. Closed sales from Realtor.com over the last 12 months, matched to this property's type — real transaction prices, not asking prices. Falls back to Miami-Dade County public records (property appraiser tax roll) when Realtor.com has no sales on file for the area.
| Address | Type | Beds | Baths | Living sqft | Sale price | Sale date |
|---|---|---|---|---|---|---|
| 300 Biscayne Boulevard Way Unit 1101E | condos | 4 | 5 | 3,643 | $4,650,000 | 2026-06-17 |
| 300 N Biscayne Boulevard Way Unit 4104C | condos | 4 | 6 | 3,214 | $4,387,500 | 2026-05-19 |
| 1331 Brickell Bay Dr Apt 4201 | condos | 4 | 5 | 3,415 | $3,672,000 | 2026-04-17 |
| 200 Biscayne Boulevard Way Apt 5402 | condos | 4 | 6 | 4,310 | $4,190,500 | 2026-02-26 |
Same ZIP. Other properties currently for sale nearby — asking prices, not closed sale prices. Not a price comp; see Sold comps for actual transaction history.
| Address | Type | Beds | Baths | Sqft | Asking price | Days on market |
|---|---|---|---|---|---|---|
| 1425 Brickell Ave Apt 42E | condos | 4 | 4 | 3,357 | $5,000,000 | — |
| 901 Brickell Key Blvd Apt 2408 | condos | 4 | 5 | 2,860 | $3,995,000 | — |
| 300 Biscayne Blvd Way Unit 1904C | condos | 4 | 6 | 3,536 | $4,995,000 | — |
| 300 Biscayne Blvd Way Apt 1704 | condos | 4 | 6 | 3,225 | $4,950,000 | — |
| 1430 Brickell Ave Unit 5002 | condos | 4 | 4 | 6,686 | $15,012,900 | — |
| 1331 Brickell Bay Dr Apt 3311 | condos | 4 | 5 | 3,415 | $3,795,000 | — |
| 1331 Brickell Bay Dr Apt 4605 | condos | 4 | 5 | 3,860 | $5,375,000 | — |
| 1080 Brickell Ave Unit 3900-3901 | condos | 4 | 5 | 1,593 | $2,449,000 | — |
10-year hold projection
IRR31.5%
Equity multiple5.56x
Total return (10yr)$953,327
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $772,500 | $100,134 | $45,585 | $593,495 | $179,005 |
| 2 | $795,675 | $103,399 | $48,643 | $586,543 | $209,132 |
| 3 | $819,545 | $106,769 | $51,800 | $579,113 | $240,432 |
| 4 | $844,132 | $110,246 | $55,060 | $571,174 | $272,958 |
| 5 | $869,456 | $113,835 | $58,426 | $562,689 | $306,767 |
| 6 | $895,539 | $117,538 | $61,901 | $553,621 | $341,918 |
| 7 | $922,405 | $121,359 | $65,488 | $543,931 | $378,474 |
| 8 | $950,078 | $125,303 | $69,192 | $533,575 | $416,502 |
| 9 | $978,580 | $129,372 | $73,015 | $522,509 | $456,071 |
| 10 | $1,007,937 | $133,572 | $76,962 | $510,682 | $497,255 |
Assumes 3.0% annual rent growth, 2.5% expense growth, 3.0% appreciation, and a 6.0% selling cost at exit — all placeholder assumptions, not market-derived.