61 Camden Ct
Bal Harbour, FL 33154 · single_family · For Sale · 994 days on market
Asking price$11,500,000
7 beds 7 baths 5,086 sqft
Listed by Moshe Goldshtein · One Sotheby's International Realty
Typesingle_family
Built1950
Price / sqft$2261
Est. value (own analysis)$12,952,516
Rent estimate (Zillow ZIP avg)$4,738/mo
HOA$42/mo
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Statusfor_sale
Listed date2023-12-13
Removed date—
MLSMiamiMLS #A11499276
Coordinates25.89015, -80.12580
Address61 Camden Ct
CityBal Harbour
StateFL
Zip33154
Listing ID5416687293
Sourceus-real-estate-listings, cached 2026-08-31
ZIP market snapshot (33154)
Typical home value (ZHVI)$1,230,561
Typical rent (ZORI)$4,738/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 | $11,500,000 |
| Down payment (20.0%) | $2,300,000 |
| Loan amount | $9,200,000 |
| Closing costs (5.0%) | $575,000 |
| Total cash to close | $2,875,000 |
| Income | |
| Rent (ZIP avg, ZORI — not bedroom-specific) | $4,738$56,861 |
| Vacancy loss (8.0%) | |
| Effective gross income | $4,359$52,312 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $18,208$218,500 |
| Insurance (placeholder 0.8% of price) | $7,667$92,000 |
| HOA dues | $42$504 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $237$2,843 |
| Total operating expenses | $26,154$313,847 |
| 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) | $237$2,843 |
| 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 |
|---|---|---|---|---|---|---|---|
| single_family | 7 | 8 | 6,169 | $52,500 | 2025-11-17 | — |
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 |
|---|---|---|---|---|---|---|
| 56 Bal Bay Dr | single_family | 7 | 9 | 10,801 | $42,973,750 | 2026-06-16 |
| 700 88th St | single_family | 7 | 8 | — | $8,000,000 | 2026-06-05 |
| 9024 Abbott Ave | single_family | 7 | 7 | 4,010 | $4,470,000 | 2026-05-18 |
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 |
|---|---|---|---|---|---|---|
| condos | 7 | 8 | 4,565 | $6,250,000 | — | |
| 10330 W Broadview Dr | single_family | 7 | 10 | 8,016 | $34,500,000 | — |
| 9720 W Broadview Dr | single_family | 7 | 8 | 10,453 | $36,500,000 | — |
| 10225 Collins Ave Units 301,303,304 | condos | 7 | 9 | — | $13,995,000 | — |
10-year hold projection
IRR-12.6%
Equity multiple-1.16x
Total return (10yr)-$4,718,319
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $11,845,000 | -$261,535 | -$973,839 | $9,100,252 | $2,744,748 |
| 2 | $12,200,350 | -$267,812 | -$980,186 | $8,993,653 | $3,206,697 |
| 3 | $12,566,361 | -$274,238 | -$986,685 | $8,879,735 | $3,686,626 |
| 4 | $12,943,351 | -$280,816 | -$993,338 | $8,757,993 | $4,185,358 |
| 5 | $13,331,652 | -$287,551 | -$1,000,149 | $8,627,892 | $4,703,760 |
| 6 | $13,731,601 | -$294,445 | -$1,007,122 | $8,488,856 | $5,242,745 |
| 7 | $14,143,549 | -$301,503 | -$1,014,261 | $8,340,272 | $5,803,277 |
| 8 | $14,567,856 | -$308,729 | -$1,021,568 | $8,181,486 | $6,386,370 |
| 9 | $15,004,892 | -$316,125 | -$1,029,049 | $8,011,795 | $6,993,097 |
| 10 | $15,455,038 | -$323,697 | -$1,036,708 | $7,830,451 | $7,624,587 |
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.