915 Palermo Ave Unit 1
Coral Gables, FL 33134 · townhomes · For Sale · 519 days on market
Asking price$6,350,000
4 beds 5 baths 5,299 sqft
Suggested offer$1,775,931$4,574,069 above the est. market value of $1,775,931.
View on Realtor.com →Listed by Ben Moss · Compass Florida, LLC.
Typetownhomes
Built2025
Price / sqft$1198
Est. value (Zillow, adjusted)$1,775,931
Rent estimate (Zillow ZIP avg)$3,095/mo
HOANone
1 / 36
Show every detail
Statusfor_sale
Listed date2025-04-01
Removed date—
MLSMiamiMLS #A11772947
Coordinates25.74497, -80.27336
Address915 Palermo Ave Unit 1
CityCoral Gables
StateFL
Zip33134
Listing ID5719313984
Sourceus-real-estate-listings, cached 2026-08-30
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 | $6,350,000 |
| Down payment (20.0%) | $1,270,000 |
| Loan amount | $5,080,000 |
| Closing costs (5.0%) | $317,500 |
| Total cash to close | $1,587,500 |
| Income | |
| Rent (ZIP avg, ZORI — not bedroom-specific) | $3,095$37,137 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,847$34,166 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $10,054$120,650 |
| Insurance (placeholder 0.8% of price) | $4,233$50,800 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $155$1,857 |
| Total operating expenses | $14,442$173,307 |
| 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) | $155$1,857 |
| 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 |
|---|---|---|---|---|---|---|---|
| townhomes | 4 | 5 | 2,764 | $15,000 | 2026-08-28 | — |
Widened to any bedroom count in ZIP. 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 |
|---|---|---|---|---|---|---|
| 2600 Cardena St Ph 4 | townhomes | 3 | 3 | 1,852 | $1,100,000 | 2026-08-06 |
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 |
|---|---|---|---|---|---|---|
| 4701 SW 7th St | single_family | 4 | 3 | 1,830 | $750,000 | — |
| 4870 SW 6th St | single_family | 4 | 3 | 1,682 | $700,000 | — |
| 3788 SW 27th Ln | multi_family | 4 | 2 | 1,980 | $1,250,000 | — |
| 5330 SW 7th St | single_family | 4 | 3 | 2,424 | $2,500,000 | — |
| 2893-2895 SW 37th Ct | multi_family | 4 | 3 | 1,935 | $915,000 | — |
| 4450 W Flagler St | multi_family | 4 | 4 | 2,103 | $1,000,000 | — |
| 4251 SW 11th St | single_family | 4 | 4 | 3,736 | $2,990,000 | — |
| 2841 SW 38th Ct Unit B | townhomes | 4 | 4 | 2,671 | $1,950,000 | — |
10-year hold projection
IRR-12.4%
Equity multiple-1.13x
Total return (10yr)-$2,548,103
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $6,540,500 | -$139,141 | -$532,743 | $5,024,921 | $1,515,579 |
| 2 | $6,736,715 | -$142,448 | -$536,097 | $4,966,061 | $1,770,654 |
| 3 | $6,938,816 | -$145,833 | -$539,530 | $4,903,158 | $2,035,659 |
| 4 | $7,146,981 | -$149,298 | -$543,043 | $4,835,935 | $2,311,046 |
| 5 | $7,361,390 | -$152,844 | -$546,639 | $4,764,097 | $2,597,294 |
| 6 | $7,582,232 | -$156,473 | -$550,319 | $4,687,325 | $2,894,907 |
| 7 | $7,809,699 | -$160,186 | -$554,085 | $4,605,281 | $3,204,418 |
| 8 | $8,043,990 | -$163,987 | -$557,940 | $4,517,603 | $3,526,387 |
| 9 | $8,285,310 | -$167,877 | -$561,884 | $4,423,904 | $3,861,406 |
| 10 | $8,533,869 | -$171,857 | -$565,922 | $4,323,771 | $4,210,098 |
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.