700 Biltmore Way Apt 1216
Coral Gables, FL 33134 · condos · For Sale · 84 days on market
Asking price$245,000
0 beds 1 baths 440 sqft
Suggested offer$215,111$29,889 above the est. market value of $215,111.
View on Realtor.com →Listed by Maggie Lozano · RE/MAX Advance Realty II
Typecondos
Built1963
Price / sqft$557
Est. value (own analysis)$215,111
Rent estimate (own analysis)$1,813/mo
HOA$621/mo
Wind10/10Extreme$Heat10/10ExtremeAir2/10MinorFlood1/10minimal$Wildfire1/10Minimal
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Statusfor_sale
Listed date2026-06-10
Removed date—
MLSMiamiMLS #A12034454
Coordinates25.74770, -80.26950
Address700 Biltmore Way Apt 1216
CityCoral Gables
StateFL
Zip33134
Listing ID5449392269
Sourceus-real-estate-listings, cached 2026-08-28
ZIP market snapshot (33134)
Typical home value (ZHVI)$887,965
Typical rent (ZORI)$3,095/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 | $245,000 |
| Down payment (20.0%) | $49,000 |
| Loan amount | $196,000 |
| Closing costs (5.0%) | $12,250 |
| Total cash to close | $61,250 |
| Income | |
| Rent (comp-derived) | $1,813$21,750 |
| Vacancy loss (8.0%) | |
| Effective gross income | $1,668$20,010 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $388$4,655 |
| Insurance (est. scaled by flood & wind risk) | $245$2,940 |
| HOA dues | $621$7,452 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $91$1,088 |
| Total operating expenses | $1,345$16,135 |
| 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) | $91$1,088 |
| 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 |
|---|---|---|---|---|---|---|---|
| apartment | 0 | 1 | 500 | $1,200 | 2026-08-18 | — | |
| condos | 0 | 1 | 400 | $1,450 | 2026-06-26 | — | |
| apartment | 0 | 1 | 384 | $2,943 | 2024-04-12 | — | |
| condos | 0 | 1 | 583 | $1,950 | 2026-07-13 | — | |
| apartment | 0 | 1 | 500 | $1,750 | 2026-08-06 | — | |
| apartment | 0 | 1 | 350 | $1,750 | 2026-07-24 | — | |
| apartment | 0 | 1 | 450 | $1,800 | 2026-08-11 | — | |
| condos | 0 | 1 | 450 | $1,950 | 2026-08-27 | — | |
| condos | 0 | 1 | 355 | $1,650 | 2026-07-24 | — | |
| condos | 0 | 1 | 450 | $1,950 | 2026-08-12 | — | |
| condos | 0 | 1 | 355 | $1,700 | 2026-06-17 | — | |
| condos | 0 | 1 | 420 | $1,825 | 2026-06-17 | — | |
| apartment | 0 | 2 | 500 | $1,700 | 2026-07-10 | — | |
| condos | 0 | 1 | 420 | $1,990 | 2026-08-02 | — | |
| condos | 0 | 1 | 440 | $1,950 | 2026-06-30 | — | |
| apartment | 0 | 1 | 384 | $2,614 | 2026-06-03 | — | |
| apartment | 0 | 1 | 384 | $2,720 | 2026-07-21 | — | |
| apartment | 0 | 1 | 395 | $1,785 | 2026-04-17 | — | |
| condos | 0 | 1 | 408 | $1,700 | 2026-08-31 | — | |
| apartment | 0 | 1 | 475 | $1,825 | 2026-08-31 | — |
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 |
|---|---|---|---|---|---|---|
| 700 Biltmore Way Apt 314 | condos | 0 | 1 | 450 | $215,000 | 2026-07-30 |
| 124 Mendoza Ave Apt 6 | condos | 0 | 1 | 351 | $200,000 | 2026-07-10 |
| 126 Mendoza Ave Apt 5 | condos | 0 | 1 | 351 | $165,000 | 2026-07-01 |
| 700 Biltmore Way Apt 216 | condos | 0 | 1 | 440 | $218,000 | 2026-06-30 |
| 700 Biltmore Way Apt 1008 | condos | 0 | 1 | 450 | $220,000 | 2026-05-19 |
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 |
|---|---|---|---|---|---|---|
| 119 Menores Ave Unit 7A | condos | 0 | 1 | 275 | $159,900 | — |
| 124 Mendoza Ave Apt 4 | condos | 0 | 1 | 355 | $189,900 | — |
| 50 Menores Ave Apt 802 | condos | 0 | 1 | 583 | $275,000 | — |
| 700 Biltmore Way Apt 408 | condos | 0 | 1 | 450 | $229,900 | — |
| 119 Menores Ave Apt 2 | condos | 0 | 1 | 315 | $199,900 | — |
| 318 Majorca Ave Apt 304 | condos | 0 | 1 | 408 | $207,500 | — |
| 126 Mendoza Ave Apt 1 | condos | 0 | 1 | 351 | $182,000 | — |
| 119 Menores Ave Apt 11 | condos | 0 | 1 | 275 | $164,000 | — |
10-year hold projection
IRR-3.3%
Equity multiple0.46x
Total return (10yr)-$1,261
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $252,350 | $3,876 | -$12,327 | $193,875 | $58,475 |
| 2 | $259,921 | $4,072 | -$12,157 | $191,604 | $68,317 |
| 3 | $267,718 | $4,277 | -$11,980 | $189,177 | $78,541 |
| 4 | $275,750 | $4,490 | -$11,795 | $186,583 | $89,166 |
| 5 | $284,022 | $4,712 | -$11,603 | $183,812 | $100,211 |
| 6 | $292,543 | $4,942 | -$11,403 | $180,849 | $111,693 |
| 7 | $301,319 | $5,182 | -$11,194 | $177,684 | $123,635 |
| 8 | $310,359 | $5,431 | -$10,976 | $174,301 | $136,058 |
| 9 | $319,669 | $5,690 | -$10,750 | $170,686 | $148,983 |
| 10 | $329,260 | $5,959 | -$10,514 | $166,823 | $162,437 |
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.