Location, location, location! Charming 2-bedroom, 2-bathroom condo with a private balcony, ideally situated near Coral Gables and within walking distance of Downtown South Miami. Enjoy easy access to shopping, restaurants, supermarkets, and entertainment. This cozy building is currently undergoing updates and offers a community pool and on-site laundry facilities. Don't miss this opportunity to live in one of Miami's most desirable and convenient areas!--
| Year | Assessed value | Tax paid |
|---|---|---|
| 2025 | $229,131 | $4,502 |
| 2024 | $229,131 | $4,263 |
| 2023 | $189,365 | $3,711 |
| 2022 | $172,150 | $3,220 |
| 2021 | $156,500 | $3,014 |
| 2020 | $156,474 | $3,022 |
| 2019 | $166,462 | $3,218 |
| 2018 | $175,223 | $3,307 |
| 2017 | $166,879 | $3,192 |
| 2016 | $165,019 | $3,340 |
| 2015 | $150,018 | $3,228 |
| 2014 | $136,380 | $2,781 |
| 2013 | $86,783 | $518 |
| 2012 | $113,650 | $560 |
| 2011 | $82,848 | $526 |
| 2010 | $81,624 | $528 |
| 2009 | $79,479 | $481 |
| 2008 | $79,400 | $464 |
| Valuation provider | As of | Estimate |
|---|---|---|
| Collateral Analytics | 2026-08-13 | $358,000 |
| Cotality™ | 2026-08-10 | $343,100 |
| Quantarium | 2026-08-26 | $277,293 |
Independent automated valuation models, none of them Realtor.com's own. They disagree — that spread is why the chart draws a band rather than one line.
| Date | Event | Price |
|---|---|---|
| 2026-08-28 | Listed | $295,000 |
| 2026-07-05 | Listing removed | $1,800 |
| 2026-07-02 | Listing removed | $1,800 |
| 2022-12-03 | Listing removed | — |
| 2022-09-27 | Listed for rent | $2,400 |
| 2018-07-30 | Listing removed | $1,800 |
| 2018-06-07 | Listed for rent | $1,800 |
| 2016-06-24 | Listing removed | $1,800 |
| 2016-05-05 | Listed for rent | $1,800 |
| 2016-04-19 | Sold | $209,000 |
| 2016-02-02 | Listed | $229,900 |
| 1995-08-23 | Sold | $74,500 |
| 1993-06-22 | Sold | $70,000 |
| 1983-10-01 | Sold | $30,500 |
| project_name | permit_type_of_work | permit_project_type_1 | permit_project_type_2 | permit_project_type_3 | permit_effective_date | permit_status |
|---|---|---|---|---|---|---|
| — | Electrical commercial residential work | Electrical work | Residential | — | Jan 13, 2022 | Final |
| — | Electrical commercial residential work | Electrical work | Residential | — | May 25, 2016 | Final |
| Acquisition (one-time, not monthly/yearly) | |
| Purchase price | $295,000 |
| Down payment (20.0%) | $59,000 |
| Loan amount | $236,000 |
| Closing costs (5.0%) | $14,750 |
| Total cash to close | $73,750 |
| Income | |
| Rent (comp-derived) | $3,500$42,000 |
| Vacancy loss (8.0%) | |
| Effective gross income | $3,220$38,640 |
| Operating expenses | |
| Property tax (real billed amount, county tax history) | $375$4,502 |
| Insurance (placeholder 0.8% of price) | $197$2,360 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $175$2,100 |
| Total operating expenses | $747$8,962 |
| 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) | $175$2,100 |
| Mortgage insurance (PMI) (0.0% of loan, not required — down payment ≥ 20%) | $0$0 |
| Cash flow |
Same ZIP. Real active rental listings, used to derive the rent estimate above.
| Address | Type | Beds | Baths | Sqft | Asking rent | Listed | Days on market |
|---|---|---|---|---|---|---|---|
| condos | 2 | 2 | 748 | $3,000 | 2026-07-16 | — | |
| apartment | 2 | 2 | 990 | $3,652 | — | — | |
| apartment | 2 | 2 | 929 | $3,672 | — | — | |
| condos | 2 | 2 | 970 | $3,400 | 2026-07-22 | — | |
| condos | 2 | 2 | 970 | $3,800 | 2026-08-25 | — | |
| condos | 2 | 2 | 910 | $3,000 | 2026-08-14 | — | |
| condos | 2 | 2 | 970 | $3,600 | 2026-07-13 | — | |
| condos | 2 | 2 | 910 | $3,200 | 2026-08-12 | — | |
| condos | 2 | 2 | 910 | $3,200 | 2026-06-26 | — | |
| condos | 2 | 2 | 962 | $2,850 | 2026-06-08 | — | |
| condos | 2 | 2 | 905 | $4,700 | 2026-08-04 | — | |
| condos | 2 | 2 | 910 | $3,200 | 2026-05-19 | — | |
| condos | 2 | 2 | 898 | $6,500 | 2026-04-08 | — | |
| apartment | 2 | 2 | 990 | $4,200 | — | — | |
| condos | 2 | 2 | 910 | $3,200 | — | — | |
| apartment | 2 | 2 | 970 | $3,800 | — | — |
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 |
|---|---|---|---|---|---|---|
| 4100 Salzedo St Apt 811 | condos | 2 | 2 | 970 | $565,000 | 2026-08-14 |
| 4100 Salzedo St Apt 619 | condos | 2 | 2 | 1,066 | $560,000 | 2026-07-02 |
| 1205 Mariposa Ave Apt 402 | condos | 2 | 3 | 2,117 | $435,000 | 2026-06-30 |
| 5201 Orduna Dr Apt 12 | condos | 2 | 2 | 1,024 | $410,000 | 2026-06-26 |
| 5201 Orduna Dr Apt 15 | condos | 2 | 2 | 1,038 | $580,000 | 2026-05-20 |
| 1205 Mariposa Ave Apt 326 | condos | 2 | 2 | 1,184 | $415,000 | 2026-04-20 |
| 4100 Salzedo St Apt 505 | condos | 2 | 2 | 970 | $535,000 | 2026-04-17 |
| 4100 Salzedo St Apt 808 | condos | 2 | 2 | 970 | $515,000 | 2026-03-30 |
| 4100 Salzedo St Apt 515 | condos | 2 | 2 | 990 | $575,250 | 2026-03-17 |
| 6580 Santona St Unit A42 | condos | 2 | 2 | 748 | $291,500 | 2026-02-25 |
| 301 Altara Ave Apt 511 | condos | 2 | 3 | 1,104 | $915,000 | 2025-12-15 |
| 1280 S Alhambra Cir Apt 2117 | condos | 2 | 2 | 840 | $359,500 | 2025-12-10 |
| 4100 Salzedo St Apt 816 | condos | 2 | 2 | 970 | $568,000 | 2025-11-12 |
| 1280 S Alhambra Cir Apt 1308 | condos | 2 | 2 | 840 | $410,000 | 2025-11-12 |
| 1205 Mariposa Ave Apt 320 | condos | 2 | 2 | 1,183 | $365,000 | 2025-10-23 |
| 4100 Salzedo St Apt 601 | condos | 2 | 2 | 1,066 | $575,000 | 2025-10-22 |
| 1239 Mariposa Ave Apt 4 | condos | 2 | 2 | 1,122 | $386,208 | 2025-10-14 |
| 1239 Mariposa Ave Apt 8 | condos | 2 | 2 | 1,247 | $429,234 | 2025-10-14 |
| 4100 Salzedo St Apt 910 | condos | 2 | 2 | 970 | $540,000 | 2025-10-03 |
| 4100 Salzedo St Apt 809 | condos | 2 | 2 | 970 | $575,000 | 2025-10-03 |
| 1280 S Alhambra Cir Apt 1310 | condos | 2 | 2 | 840 | $460,000 | 2025-09-03 |
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 |
|---|---|---|---|---|---|---|
| 1150 Madruga Ave Apt C302 | condos | 2 | 1 | 844 | $325,000 | — |
| 6580 Santona St Apt 16 | condos | 2 | 2 | — | $435,000 | — |
| 448 Cadagua Ave | single_family | 2 | 1 | 874 | $995,000 | — |
| 1200 Mariposa Ave Apt E104 | condos | 2 | 2 | 1,010 | $385,000 | — |
| 4100 Salzedo St Apt 411 | condos | 2 | 2 | 970 | $609,999 | — |
| 1205 Mariposa Ave Apt 307 | condos | 2 | 2 | 1,163 | $385,000 | — |
| 4100 Salzedo St Apt 502 | condos | 2 | 2 | 970 | $565,000 | — |
| 5201 Orduna Dr Apt 14 | condos | 2 | 2 | 1,019 | $598,000 | — |
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $303,850 | $29,678 | $9,379 | $233,441 | $70,409 |
| 2 | $312,966 | $30,613 | $10,261 | $230,707 | $82,259 |
| 3 | $322,354 | $31,577 | $11,172 | $227,785 | $94,570 |
| 4 | $332,025 | $32,572 | $12,111 | $224,662 | $107,364 |
| 5 | $341,986 | $33,597 | $13,080 | $221,324 | $120,662 |
| 6 | $352,245 | $34,655 | $14,080 | $217,758 | $134,488 |
| 7 | $362,813 | $35,745 | $15,110 | $213,946 | $148,867 |
| 8 | $373,697 | $36,869 | $16,174 | $209,873 | $163,824 |
| 9 | $384,908 | $38,029 | $17,271 | $205,520 | $179,388 |
| 10 | $396,455 | $39,224 | $18,402 | $200,868 | $195,587 |