900 Bay Unit 718 Dock Dr Slip Available
Miami Beach, FL 33141 · condos · For Sale · 415 days on market
Asking price$329,000
0 beds 1 baths 726 sqft
Suggested offer$283,176$45,824 above the est. market value of $283,176.
View on Realtor.com →Listed by Mark Weinschneider · London Foster Realty
Typecondos
Built1963
Price / sqft$453
Est. value (own analysis)$283,176
Rent estimate (own analysis)$1,750/mo
HOA$802/mo
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Statusfor_sale
Listed date2025-07-15
Removed date—
MLSMiamiMLS #A11839863
Coordinates25.85329, -80.12623
Address900 Bay Unit 718 Dock Dr Slip Available
CityMiami Beach
StateFL
Zip33141
Listing ID5671061467
Sourceus-real-estate-listings, cached 2026-08-31
ZIP market snapshot (33141)
Typical home value (ZHVI)$429,204
Typical rent (ZORI)$2,504/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 | $329,000 |
| Down payment (20.0%) | $65,800 |
| Loan amount | $263,200 |
| Closing costs (5.0%) | $16,450 |
| Total cash to close | $82,250 |
| Income | |
| Rent (comp-derived) | $1,750$21,000 |
| Vacancy loss (8.0%) | |
| Effective gross income | $1,610$19,320 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $521$6,251 |
| Insurance (placeholder 0.8% of price) | $219$2,632 |
| HOA dues | $802$9,624 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $88$1,050 |
| Total operating expenses | $1,630$19,557 |
| 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) | $88$1,050 |
| 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 | 600 | $1,900 | 2025-07-18 | — | |
| apartment | 0 | 1 | 510 | $1,800 | 2025-05-28 | — | |
| apartment | 0 | 1 | 576 | $1,525 | 2025-09-04 | — | |
| apartment | 0 | 1 | 651 | $2,197 | 2024-06-12 | — | |
| apartment | 0 | 1 | 550 | $1,400 | 2026-08-12 | — | |
| apartment | 0 | 1 | 600 | $1,650 | 2026-08-21 | — | |
| condos | 0 | 1 | 577 | $1,700 | 2026-06-04 | — | |
| apartment | 0 | 1 | 500 | $1,575 | 2026-08-06 | — | |
| condos | 0 | 1 | 678 | $1,999 | 2026-06-17 | — | |
| condos | 0 | 1 | 569 | $2,250 | 2026-04-24 | — | |
| condos | 0 | 1 | 600 | $1,600 | 2026-08-18 | — | |
| condos | 0 | 1 | 594 | $1,950 | 2026-07-29 | — | |
| apartment | 0 | 1 | 500 | $1,690 | 2026-01-09 | — | |
| apartment | 0 | 1 | 575 | $1,595 | 2025-02-19 | — | |
| apartment | 0 | 1 | 675 | $1,450 | — | — | |
| apartment | 0 | 1 | 675 | $1,451 | — | — | |
| apartment | 0 | 1 | 675 | $1,450 | — | — | |
| apartment | 0 | 1 | 675 | $1,450 | — | — | |
| apartment | 0 | 1 | 510 | $1,950 | — | — | |
| apartment | 0 | 1 | 651 | $2,603 | — | — | |
| apartment | 0 | 1 | 679 | $2,624 | — | — | |
| apartment | 0 | 1 | 651 | $2,420 | — | — | |
| apartment | 0 | 1 | 651 | $2,736 | — | — | |
| apartment | 0 | 1 | 651 | $2,786 | — | — | |
| apartment | 0 | 1 | 475 | $1,600 | 2026-08-31 | — | |
| condos | 0 | 1 | 678 | $2,700 | 2026-09-01 | — |
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 |
|---|---|---|---|---|---|---|
| 330 74th St Apt 15 | condos | 0 | 1 | 383 | $158,000 | 2026-08-20 |
| 1455 N Treasure Dr Apt 6D | condos | 0 | 1 | 531 | $152,000 | 2026-08-14 |
| 7725 Carlyle Ave Apt 10 | condos | 0 | 1 | 399 | $155,000 | 2026-08-06 |
| 6365 Collins Ave Unit CAB8 | condos | 0 | 1 | 245 | $410,000 | 2026-07-29 |
| 6484 Indian Creek Dr Apt 310 | condos | 0 | 1 | — | $120,000 | 2026-07-03 |
| 1865 79th St Cswy Apt 3F | condos | 0 | 1 | 577 | $175,000 | 2026-06-22 |
| 6770 Indian Creek Dr Apt 14J | condos | 0 | 1 | 993 | $400,000 | 2026-06-01 |
| 7904 West Dr Apt 409 | condos | 0 | 1 | 443 | $150,000 | 2026-04-13 |
| 330 74th St Apt 5 | condos | 0 | 1 | 383 | $150,000 | 2026-03-23 |
| 7904 West Dr Apt 1004 | condos | 0 | 1 | 444 | $200,000 | 2026-03-15 |
| 401 69th St Apt 1003 | condos | 0 | 1 | 594 | $210,000 | 2026-03-13 |
| 8132 Harding Ave Apt 7 | condos | 0 | 1 | 406 | $159,000 | 2026-03-11 |
| 7725 Carlyle Ave Apt 4 | condos | 0 | 1 | 399 | $150,000 | 2026-02-17 |
| 1865 79th St Cswy Apt 4L | condos | 0 | 1 | 577 | $150,000 | 2026-01-27 |
| 6801 Indian Creek Dr Apt 405 | condos | 0 | 1 | 510 | $215,000 | 2026-01-09 |
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 |
|---|---|---|---|---|---|---|
| 7928 Harding Ave Apt 3 | condos | 0 | 1 | 394 | $180,000 | — |
| 7720 Harding Ave Apt 8 | condos | 0 | 1 | 406 | $130,000 | — |
| 6490 Collins Ave Apt 14 | condos | 0 | 1 | 375 | $145,000 | — |
| 6484 Indian Creek Dr Apt 111 | condos | 0 | 1 | — | $100,000 | — |
| 300 74th St Apt 6 | condos | 0 | 1 | 468 | $215,000 | — |
| 6498 Collins Ave Apt 41 | condos | 0 | 1 | 370 | $168,000 | — |
| 6484 Indian Creek Dr Apt 320 | condos | 0 | 1 | — | $153,000 | — |
| 7300 Ocean Ter | single_family | 0 | — | — | $49,900,000 | — |
10-year hold projection
IRR-7.4%
Equity multiple-0.25x
Total return (10yr)-$60,024
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $338,870 | -$237 | -$21,584 | $260,346 | $78,524 |
| 2 | $349,036 | -$146 | -$21,519 | $257,297 | $91,739 |
| 3 | $359,507 | -$50 | -$21,450 | $254,038 | $105,469 |
| 4 | $370,292 | $51 | -$21,377 | $250,555 | $119,737 |
| 5 | $381,401 | $158 | -$21,298 | $246,833 | $134,568 |
| 6 | $392,843 | $270 | -$21,214 | $242,855 | $149,988 |
| 7 | $404,629 | $389 | -$21,125 | $238,605 | $166,024 |
| 8 | $416,767 | $514 | -$21,031 | $234,062 | $182,705 |
| 9 | $429,270 | $646 | -$20,930 | $229,208 | $200,063 |
| 10 | $442,148 | $784 | -$20,824 | $224,020 | $218,129 |
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.