201 Crandon Blvd Apt 174
Key Biscayne, FL 33149 · townhomes · For Sale · 146 days on market
Asking price$5,100,000
4 beds 6 baths 3,254 sqft
Suggested offer$1,692,135$3,407,865 above the est. market value of $1,692,135.
View on Realtor.com →Listed by Derek Varona · Sea Grove Realty
Typetownhomes
Built1978
Price / sqft$1567
Est. value (Zillow ZIP avg)$1,692,135
Rent estimate (own analysis)$14,725/mo
HOA$3,871/mo
Wind10/10Extreme$Heat10/10ExtremeFlood9/10extreme$Air2/10MinorWildfire1/10Minimal
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Statusfor_sale
Listed date2026-04-09
Removed date—
MLSMiamiMLS #A11996672
Coordinates25.69665, -80.15786
Address201 Crandon Blvd Apt 174
CityKey Biscayne
StateFL
Zip33149
Listing ID6131187209
Sourceus-real-estate-listings, cached 2026-08-31
ZIP market snapshot (33149)
Typical home value (ZHVI)$1,692,135
Typical rent (ZORI)$7,910/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 | $5,100,000 |
| Down payment (20.0%) | $1,020,000 |
| Loan amount | $4,080,000 |
| Closing costs (5.0%) | $255,000 |
| Total cash to close | $1,275,000 |
| Income | |
| Rent (comp-derived) | $14,725$176,700 |
| Vacancy loss (8.0%) | |
| Effective gross income | $13,547$162,564 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $8,075$96,900 |
| Insurance (est. scaled by flood & wind risk) | $7,480$89,760 |
| HOA dues | $3,871$46,452 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $736$8,835 |
| Total operating expenses | $20,162$241,947 |
| 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) | $736$8,835 |
| 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 | 4 | 2,442 | $12,500 | 2026-08-10 | — | |
| townhomes | 4 | 4 | 3,874 | $15,500 | 2026-05-29 | — | |
| townhomes | 4 | 4 | 1,800 | $14,500 | 2026-05-14 | — | |
| townhomes | 4 | 3 | 2,030 | $14,950 | 2026-02-14 | — |
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.
No recent recorded sales cached yet for this ZIP.
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 |
|---|---|---|---|---|---|---|
| 200 Ocean Lane Dr Apt 501 | condos | 4 | 4 | 1,880 | $3,850,000 | — |
| 255 Ridgewood Rd | single_family | 4 | 3 | 2,177 | $3,550,000 | — |
| 100 Cape Florida Dr | single_family | 4 | 9 | 8,240 | $19,800,000 | — |
| 161 Cape Florida Dr | single_family | 4 | 6 | 6,661 | $14,990,000 | — |
| 640 S Mashta Dr | single_family | 4 | 4 | 3,620 | $16,800,000 | — |
| 631 N Mashta Dr | single_family | 4 | 5 | 2,255 | $18,500,000 | — |
| 445 Grand Bay Dr Apt 303 | condos | 4 | 5 | 3,480 | $3,850,000 | — |
| 350 E Ocean Dr Unit 301N | condos | 4 | 7 | 3,798 | $8,950,000 | — |
10-year hold projection
IRR-11.0%
Equity multiple-0.88x
Total return (10yr)-$1,730,955
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $5,253,000 | -$79,383 | -$402,848 | $4,035,764 | $1,217,236 |
| 2 | $5,410,590 | -$80,555 | -$404,241 | $3,988,490 | $1,422,100 |
| 3 | $5,572,908 | -$81,731 | -$405,644 | $3,937,969 | $1,634,938 |
| 4 | $5,740,095 | -$82,912 | -$407,057 | $3,883,980 | $1,856,115 |
| 5 | $5,912,298 | -$84,097 | -$408,479 | $3,826,282 | $2,086,015 |
| 6 | $6,089,667 | -$85,285 | -$409,911 | $3,764,623 | $2,325,044 |
| 7 | $6,272,357 | -$86,474 | -$411,350 | $3,698,730 | $2,573,627 |
| 8 | $6,460,527 | -$87,666 | -$412,798 | $3,628,311 | $2,832,216 |
| 9 | $6,654,343 | -$88,858 | -$414,252 | $3,553,057 | $3,101,286 |
| 10 | $6,853,974 | -$90,050 | -$415,713 | $3,472,635 | $3,381,339 |
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.