2627 S Bayshore Dr Apt 3201
Miami, FL 33133 · condos · For Sale · 111 days on market
Asking price$20,900,000
5 beds 8 baths 7,061 sqft
Suggested offer$14,583,648$6,316,352 above the est. market value of $14,583,648.
View on Realtor.com →Listed by Saddy Abaunza Delgado · One Sotheby's International Realty
Typecondos
Built2006
Price / sqft$2960
Est. value (own analysis)$14,583,648
Rent estimate (own analysis)$39,475/mo
HOA$10,275/mo
Wind10/10Extreme$Heat10/10ExtremeFlood6/10major$Air2/10MinorWildfire1/10Minimal
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Statusfor_sale
Listed date2026-05-14
Removed date—
MLSMiamiMLS #A12014788
Coordinates25.73240, -80.23509
Address2627 S Bayshore Dr Apt 3201
CityMiami
StateFL
Zip33133
Listing ID5458315124
Sourceus-real-estate-listings, cached 2026-08-30
ZIP market snapshot (33133)
Typical home value (ZHVI)$1,352,044
Typical rent (ZORI)$3,793/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 | $20,900,000 |
| Down payment (20.0%) | $4,180,000 |
| Loan amount | $16,720,000 |
| Closing costs (5.0%) | $1,045,000 |
| Total cash to close | $5,225,000 |
| Income | |
| Rent (comp-derived) | $39,475$473,700 |
| Vacancy loss (8.0%) | |
| Effective gross income | $36,317$435,804 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $33,092$397,100 |
| Insurance (est. scaled by flood & wind risk) | $24,383$292,600 |
| HOA dues | $10,275$123,300 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $1,974$23,685 |
| Total operating expenses | $69,724$836,685 |
| 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) | $1,974$23,685 |
| 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
Widened to city-wide. Real active rental listings, used to derive the rent estimate above.
| Address | Type | Beds | Baths | Sqft | Asking rent | Listed | Days on market |
|---|---|---|---|---|---|---|---|
| condos | 5 | 7 | 4,770 | $49,000 | 2026-08-31 | — | |
| condos | 5 | 6 | 5,097 | $29,950 | 2026-03-11 | — | |
| condos | 5 | 7 | 4,770 | $49,000 | 2026-09-02 | — | |
| condos | 5 | 6 | 5,097 | $29,950 | 2026-03-12 | — |
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 |
|---|---|---|---|---|---|---|
| 2655 S Bayshore Dr Unit Lph | condos | 5 | 6 | 6,611 | $16,150,000 | 2026-07-07 |
| 2000 S Bayshore Dr Apt 47 | condo_townhome_rowhome_coop | 5 | 4 | 3,725 | $3,100,000 | 2026-04-14 |
| 2669 S Bayshore Dr Ph 1N | condos | 5 | 6 | 4,986 | $11,500,000 | 2026-04-14 |
| 2675 S Bayshore Dr Unit 1602S | condos | 5 | 6 | 3,607 | $7,000,000 | 2026-03-13 |
| 2627 S Bayshore Dr Apt 3101 | condos | 5 | 8 | 6,920 | $13,625,000 | 2026-01-15 |
| 2821 S Bayshore Dr Unit 20AB | condos | 5 | 7 | 6,476 | $14,000,000 | 2025-12-01 |
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 |
|---|---|---|---|---|---|---|
| 2675 S Bayshore Dr Unit 602S | condos | 5 | 6 | 4,085 | $7,800,000 | — |
| 3460 S Moorings Way | single_family | 5 | 7 | 6,720 | $10,950,000 | — |
| 3341 Florida Ave | single_family | 5 | 4 | 3,200 | $3,480,000 | — |
| 3400 S Moorings Way | single_family | 5 | 8 | 6,768 | $9,750,000 | — |
| 3170 SW 26th St | multi_family | 5 | 3 | 2,287 | $930,000 | — |
| 3579 Avocado Ave | single_family | 5 | 6 | 4,651 | $6,950,000 | — |
| 291 Shore Dr E | single_family | 5 | 4 | 2,285 | $3,975,000 | — |
| 8 Pinta Rd | single_family | 5 | 4 | 3,682 | $2,999,000 | — |
10-year hold projection
IRR-11.8%
Equity multiple-1.03x
Total return (10yr)-$7,859,858
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $21,527,000 | -$400,881 | -$1,713,933 | $16,538,718 | $4,988,282 |
| 2 | $22,172,810 | -$408,724 | -$1,722,368 | $16,344,987 | $5,827,823 |
| 3 | $22,837,994 | -$416,698 | -$1,730,948 | $16,137,953 | $6,700,041 |
| 4 | $23,523,134 | -$424,803 | -$1,739,676 | $15,916,701 | $7,606,433 |
| 5 | $24,228,828 | -$433,042 | -$1,748,553 | $15,680,256 | $8,548,572 |
| 6 | $24,955,693 | -$441,416 | -$1,757,580 | $15,427,574 | $9,528,119 |
| 7 | $25,704,364 | -$449,925 | -$1,766,759 | $15,157,539 | $10,546,824 |
| 8 | $26,475,495 | -$458,572 | -$1,776,092 | $14,868,962 | $11,606,533 |
| 9 | $27,269,760 | -$467,356 | -$1,785,580 | $14,560,567 | $12,709,192 |
| 10 | $28,087,852 | -$476,280 | -$1,795,226 | $14,230,995 | $13,856,858 |
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.