77 Crandon Blvd Apt 5C

Key Biscayne, FL 33149 · condos · For Sale · 5 days on market
Asking price$770,000
2 beds 2 baths 1,105 sqft
View on Realtor.com →
Listed by Grehyni Narvaez · Avanti Way
Typecondos
Built1974
Price / sqft$697
Est. value (own analysis)$880,784
Rent estimate (own analysis)$5,475/mo
HOA$1,356/mo
Wind10/10Extreme$Heat10/10ExtremeFlood9/10extreme$Air2/10MinorWildfire1/10Minimal
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Neighborhood

Show every detail
Statusfor_sale
Listed date2026-08-28
Removed date
MLSMiamiMLS #A12078784
Coordinates25.69874, -80.16197
Address77 Crandon Blvd Apt 5C
CityKey Biscayne
StateFL
Zip33149
Listing ID6168937608
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)

Purchase price$770,000
Down payment (20.0%)$154,000
Loan amount$616,000
Closing costs (5.0%)$38,500
Total cash to close$192,500
Rent (comp-derived)$5,475$65,700
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$65,700
Vacancy rate (assumption) assumption8.0%

$65,700 × 8.0% = $5,256

Effective gross income$5,037$60,444
Property tax (placeholder 1.9% of price)$1,219$14,630
Insurance (est. scaled by flood & wind risk)$1,129$13,552
HOA dues$1,356$16,272
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$274$3,285
Total operating expenses$3,978$47,739
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$60,444
Total operating expenses derived$47,739

$60,444 − $47,739 = $12,705

Debt service (6.66%, avg 30yr rate as of 2026-08-27, 30yr amortizing)

Monthly Principal & Interest

Standard amortization on the loan amount, at the effective rate and term

Loan amount derived$616,000
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$616,000 amortized at 6.7% over 30 years = $3,959/mo

CapEx reserve (5.0% of GSR)$274$3,285
Mortgage insurance (PMI) (0.0% of loan, not required — down payment ≥ 20%)$0$0
Cash flow

Monthly Cash Flow

(NOI − Annual Debt Service − Annual CapEx Reserve − Annual PMI) ÷ 12

NOI derived$12,705
Annual debt service derived$47,503
Annual CapEx reserve assumption$3,285
Annual PMI assumption$0

($12,705 − $47,503 − $3,285 − $0) ÷ 12 = -$3,174

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived$12,705
Purchase price data$770,000

$12,705 ÷ $770,000 = 1.7%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived-$38,083
Total cash to close derived$192,500

-$38,083 ÷ $192,500 = -19.8%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived$12,705
Annual debt service derived$47,503

$12,705 ÷ $47,503 = 0.27

Rent-to-price (1% rule)

Rent-to-Price (the "1% rule")

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$65,700
Purchase price data$770,000

($65,700 ÷ 12) ÷ $770,000 = 0.7%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$770,000
Gross scheduled rent (annual) comp$65,700

$770,000 ÷ $65,700 = 11.7

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$47,739
Effective gross income derived$60,444

$47,739 ÷ $60,444 = 79.0%

Break-even occupancy

Break-Even Occupancy

(Total OpEx + Annual Debt Service + Annual PMI) ÷ Gross Scheduled Rent

Total operating expenses derived$47,739
Annual debt service derived$47,503
Annual PMI assumption$0
Gross scheduled rent (annual) comp$65,700

($47,739 + $47,503 + $0) ÷ $65,700 = 145.0%

Comparables

Same ZIP. Real active rental listings, used to derive the rent estimate above.

AddressTypeBedsBathsSqftAsking rentListedDays on market
apartment221,109$3,9502025-06-02
condos221,260$4,5002026-06-29
condos221,400$5,2502026-07-20
condos22875$4,0002026-08-05
condos221,090$4,6002026-07-21
condos221,109$3,4002026-08-24
condos22875$4,4502026-08-24
condos221,454$6,0002026-05-22
condos221,450$9,5002026-08-28
condos221,460$5,4502026-08-06
condos21962$3,2002026-08-07
condos221,335$4,3502026-04-29
condos221,260$5,0002026-08-25
condos221,330$5,9502026-08-27
condos221,109$3,6002026-08-18
condos221,036$4,2002026-08-11
condos221,310$8,1002026-08-17
condos221,409$7,0002026-08-17
condos21886$3,6002026-02-12
condos221,068$3,5002026-05-20
condos221,170$3,8002026-05-21
condos22925$4,2002026-06-05
condos22875$3,7502026-05-01
condos221,310$9,5002025-02-20
condos221,260$5,9002026-07-28
condos221,335$4,2002026-06-05
condos221,330$5,1002026-08-13
condos221,330$4,5002026-05-08
condos221,260$5,5002025-11-17
condos221,409$7,5002024-09-03
condos221,036$4,4502026-04-15
condos221,330$4,5002026-06-22
condos221,409$8,2502026-08-03
condos221,409$8,5002026-05-22
condos221,335$4,8002026-07-22
condos221,058$4,1002026-07-26
condos211,011$3,8002026-01-24
condos221,260$6,3002026-04-24
condos221,260$6,5002026-07-22
condos221,260$7,0002026-02-26
condos221,310$7,9002026-05-06
condos231,042$6,0002026-07-30
condos221,009$7,0002026-08-03
condos221,123$4,2002026-05-05
condos221,260$6,3502026-07-15
condos221,260$7,5002026-08-05
condos221,464$6,9002026-04-25
condos221,260$6,6002026-07-31
condos221,260$7,5002026-01-30
condos221,450$7,8002026-05-12
condos221,260$6,9002026-07-21
condos221,350$8,0002025-11-13
condos221,109$3,400
condos221,260$7,500
apartment221,108$4,0002021-12-20
condos221,330$5,5002026-08-31
condos221,409$7,2002026-08-31
condos221,409$7,5002026-09-01

251 Galen Dr Apt 316E

Key Biscayne, 33149 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage1,109
Listed2025-06-02
Days on market

Asking rent: $3,950

View on Zillow →

199 Ocean Lane Dr Apt 113

Key Biscayne, 33149 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage1,260
Listed2026-06-29
Days on market

Asking rent: $4,500

View on Zillow →

260 Sunrise Dr Apt E

Key Biscayne, 33149 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage1,400
Listed2026-07-20
Days on market

Asking rent: $5,250

View on Zillow →

Key Biscayne, 33149 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage875
Listed2026-08-05
Days on market

Asking rent: $4,000

View on Zillow →

555 Crandon Blvd Apt 71

Key Biscayne, 33149 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage1,090
Listed2026-07-21
Days on market

Asking rent: $4,600

View on Zillow →

251 Galen Dr Unit 101E

Key Biscayne, 33149 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage1,109
Listed2026-08-24
Days on market

Asking rent: $3,400

View on Zillow →

798 Crandon Blvd Apt 37C

Key Biscayne, 33149 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage875
Listed2026-08-24
Days on market

Asking rent: $4,450

View on Zillow →

151 Crandon Blvd Apt 120

Key Biscayne, 33149 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage1,454
Listed2026-05-22
Days on market

Asking rent: $6,000

View on Zillow →

717 Crandon Blvd Apt 407

Key Biscayne, 33149 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage1,450
Listed2026-08-28
Days on market

Asking rent: $9,500

View on Zillow →

170 Ocean Lane Dr Apt 909

Key Biscayne, 33149 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage1,460
Listed2026-08-06
Days on market

Asking rent: $5,450

View on Zillow →

290 Sunrise Dr Apt 205

Key Biscayne, 33149 · rent comp

Bedrooms / bathrooms2 bd / 1 ba
Square footage962
Listed2026-08-07
Days on market

Asking rent: $3,200

View on Zillow →

150 Ocean Lane Dr Apt 6F

Key Biscayne, 33149 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage1,335
Listed2026-04-29
Days on market

Asking rent: $4,350

View on Zillow →

155 S Ocean Lane Dr Unit 1013

Key Biscayne, 33149 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage1,260
Listed2026-08-25
Days on market

Asking rent: $5,000

View on Zillow →

210 Sea View Dr Apt 608

Key Biscayne, 33149 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage1,330
Listed2026-08-27
Days on market

Asking rent: $5,950

View on Zillow →

251 Galen Dr Unit 304E

Key Biscayne, 33149 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage1,109
Listed2026-08-18
Days on market

Asking rent: $3,600

View on Zillow →

255 Galen Dr Apt 4L

Key Biscayne, 33149 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage1,036
Listed2026-08-11
Days on market

Asking rent: $4,200

View on Zillow →

715 Crandon Blvd Ph 5

Key Biscayne, 33149 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage1,310
Listed2026-08-17
Days on market

Asking rent: $8,100

View on Zillow →

1121 Crandon Blvd Apt D206

Key Biscayne, 33149 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage1,409
Listed2026-08-17
Days on market

Asking rent: $7,000

View on Zillow →

290 Sunrise Dr Apt 304

Key Biscayne, 33149 · rent comp

Bedrooms / bathrooms2 bd / 1 ba
Square footage886
Listed2026-02-12
Days on market

Asking rent: $3,600

View on Zillow →

300 Galen Dr Apt 206

Key Biscayne, 33149 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage1,068
Listed2026-05-20
Days on market

Asking rent: $3,500

View on Zillow →

290 Sunrise Dr Apt 208

Key Biscayne, 33149 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage1,170
Listed2026-05-21
Days on market

Asking rent: $3,800

View on Zillow →

200 Galen Dr Apt 104

Key Biscayne, 33149 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage925
Listed2026-06-05
Days on market

Asking rent: $4,200

View on Zillow →

798 N Crandon Blvd Unit 33C

Key Biscayne, 33149 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage875
Listed2026-05-01
Days on market

Asking rent: $3,750

View on Zillow →

705 Crandon Blvd Apt 405

Key Biscayne, 33149 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage1,310
Listed2025-02-20
Days on market

Asking rent: $9,500

View on Zillow →

155 Ocean Lane Dr Apt 1111

Key Biscayne, 33149 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage1,260
Listed2026-07-28
Days on market

Asking rent: $5,900

View on Zillow →

150 Ocean Lane Dr Apt 4B

Key Biscayne, 33149 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage1,335
Listed2026-06-05
Days on market

Asking rent: $4,200

View on Zillow →

210 Sea View Dr Apt 308

Key Biscayne, 33149 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage1,330
Listed2026-08-13
Days on market

Asking rent: $5,100

View on Zillow →

210 Sea View Dr Apt 405

Key Biscayne, 33149 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage1,330
Listed2026-05-08
Days on market

Asking rent: $4,500

View on Zillow →

199 Ocean Lane Dr Apt 1004

Key Biscayne, 33149 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage1,260
Listed2025-11-17
Days on market

Asking rent: $5,500

View on Zillow →

1111 Crandon Blvd Apt A306

Key Biscayne, 33149 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage1,409
Listed2024-09-03
Days on market

Asking rent: $7,500

View on Zillow →

255 Galen Dr Apt 3D

Key Biscayne, 33149 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage1,036
Listed2026-04-15
Days on market

Asking rent: $4,450

View on Zillow →

210 Sea View Dr Apt 611

Key Biscayne, 33149 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage1,330
Listed2026-06-22
Days on market

Asking rent: $4,500

View on Zillow →

1111 Crandon Blvd Apt B1004

Key Biscayne, 33149 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage1,409
Listed2026-08-03
Days on market

Asking rent: $8,250

View on Zillow →

1111 Crandon Blvd Apt B1105

Key Biscayne, 33149 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage1,409
Listed2026-05-22
Days on market

Asking rent: $8,500

View on Zillow →

150 Ocean Lane Dr Apt 8B

Key Biscayne, 33149 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage1,335
Listed2026-07-22
Days on market

Asking rent: $4,800

View on Zillow →

255 Galen Dr Apt 2M

Key Biscayne, 33149 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage1,058
Listed2026-07-26
Days on market

Asking rent: $4,100

View on Zillow →

290 Sunrise Dr Apt 206

Key Biscayne, 33149 · rent comp

Bedrooms / bathrooms2 bd / 1 ba
Square footage1,011
Listed2026-01-24
Days on market

Asking rent: $3,800

View on Zillow →

155 Ocean Lane Dr Apt 1011

Key Biscayne, 33149 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage1,260
Listed2026-04-24
Days on market

Asking rent: $6,300

View on Zillow →

199 Ocean Lane Dr Apt 1206

Key Biscayne, 33149 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage1,260
Listed2026-07-22
Days on market

Asking rent: $6,500

View on Zillow →

177 Ocean Lane Dr Apt 1008

Key Biscayne, 33149 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage1,260
Listed2026-02-26
Days on market

Asking rent: $7,000

View on Zillow →

715 Crandon Blvd Apt 406

Key Biscayne, 33149 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage1,310
Listed2026-05-06
Days on market

Asking rent: $7,900

View on Zillow →

881 Ocean Dr Apt TH3

Key Biscayne, 33149 · rent comp

Bedrooms / bathrooms2 bd / 3 ba
Square footage1,042
Listed2026-07-30
Days on market

Asking rent: $6,000

View on Zillow →

201 Crandon Blvd Apt 520

Key Biscayne, 33149 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage1,009
Listed2026-08-03
Days on market

Asking rent: $7,000

View on Zillow →

77 Crandon Blvd Apt 2E

Key Biscayne, 33149 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage1,123
Listed2026-05-05
Days on market

Asking rent: $4,200

View on Zillow →

199 Ocean Lane Dr Apt 311

Key Biscayne, 33149 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage1,260
Listed2026-07-15
Days on market

Asking rent: $6,350

View on Zillow →

177 Ocean Lane Dr Apt 713

Key Biscayne, 33149 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage1,260
Listed2026-08-05
Days on market

Asking rent: $7,500

View on Zillow →

251 Crandon Blvd Apt 202

Key Biscayne, 33149 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage1,464
Listed2026-04-25
Days on market

Asking rent: $6,900

View on Zillow →

155 Ocean Lane Dr Apt 208

Key Biscayne, 33149 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage1,260
Listed2026-07-31
Days on market

Asking rent: $6,600

View on Zillow →

Key Biscayne, 33149 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage1,260
Listed2026-01-30
Days on market

Asking rent: $7,500

View on Zillow →

717 Crandon Blvd Apt 408

Key Biscayne, 33149 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage1,450
Listed2026-05-12
Days on market

Asking rent: $7,800

View on Zillow →

155 Ocean Lane Dr Apt 1004

Key Biscayne, 33149 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage1,260
Listed2026-07-21
Days on market

Asking rent: $6,900

View on Zillow →

200 Ocean Lane Dr Apt 909

Key Biscayne, 33149 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage1,350
Listed2025-11-13
Days on market

Asking rent: $8,000

View on Zillow →

251 Galen Dr # CU101

Key Biscayne, 33149 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage1,109
Listed
Days on market

Asking rent: $3,400

View on Zillow →

177 Ocean Lane Dr # CU713

Key Biscayne, 33149 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage1,260
Listed
Days on market

Asking rent: $7,500

View on Zillow →

201 Galen Dr

Key Biscayne, 33149 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage1,108
Listed2021-12-20
Days on market

Asking rent: $4,000

View on Zillow →

210 Sea View Dr Apt 511

Key Biscayne, 33149 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage1,330
Listed2026-08-31
Days on market

Asking rent: $5,500

View on Zillow →

1111 Crandon Blvd Apt B1003

Key Biscayne, 33149 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage1,409
Listed2026-08-31
Days on market

Asking rent: $7,200

View on Zillow →

1121 Crandon Blvd Apt E1006

Key Biscayne, 33149 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage1,409
Listed2026-09-01
Days on market

Asking rent: $7,500

View on Zillow →

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.

AddressTypeBedsBathsLiving sqftSale priceSale date
600 Grapetree Dr Apt 9GNcondos221,670$1,400,0002026-08-21
1111 Crandon Blvd Apt B1108condos221,782$2,700,0002026-08-14
1121 Crandon Blvd Apt D404condos221,409$1,066,6872026-08-14
155 Ocean Lane Dr Apt 614condos221,350$1,380,0002026-08-10
6222973225condos221,782$1,950,0002026-08-07
201 Crandon Blvd Apt 424condos221,531$1,300,0002026-08-06
101 Ocean Lane Dr Apt 1013condos221,450$875,0002026-08-04
1121 Crandon Blvd Apt F1203condos221,597$1,500,0002026-08-02
151 Crandon Blvd Apt 702condos221,506$1,250,0002026-07-31
200 Ocean Lane Dr Apt 1102condos221,320$1,870,0002026-07-17
181 Crandon Blvd Apt 106condos221,600$1,110,0002026-07-17
575 Crandon Blvd Apt 707condos221,311$789,0002026-07-13
181 Crandon Blvd Apt 405condos221,600$1,080,0002026-07-13
199 Ocean Lane Dr Apt 512condos221,260$1,040,0002026-07-13
151 Crandon Blvd Apt 602condos221,469$1,060,0002026-07-07
881 Ocean Dr Apt 18Fcondos221,875$2,450,0002026-07-06
251 Crandon Blvd Apt 133condos221,537$1,120,0002026-06-29
1121 Crandon Blvd Apt E803condos221,409$990,0002026-06-29
151 Crandon Blvd Apt 1002condos221,506$1,705,0002026-06-26
170 Ocean Lane Dr Apt 403condos221,435$1,020,0002026-06-26
1121 Crandon Blvd Apt E501condos221,782$1,525,0002026-06-25
151 Crandon Blvd Apt 600condos221,506$1,140,0002026-06-23
177 Ocean Lane Dr Apt 106condos221,260$970,2002026-06-19
789 Crandon Blvd Apt 1805condos232,100$3,200,0002026-06-16
155 Ocean Lane Dr Apt 205condos221,260$1,025,0002026-06-16
1121 Crandon Blvd Apt D1202condos221,782$1,842,5002026-06-15
609 Ocean Dr Apt 5Hcondos221,496$1,550,0002026-05-07
550 Ocean Dr Apt 8Bcondos221,325$825,0002026-04-30
255 Galen Dr Apt 4Acondos221,036$720,0002026-04-22
151 Crandon Blvd Apt 136condos221,532$1,400,0002026-04-10
155 Ocean Lane Dr Apt 1113condos221,260$1,050,0002026-04-10
251 Crandon Blvd Apt 625condos221,532$1,125,0002026-04-07
575 Crandon Blvd Apt 306condos221,311$720,0002026-03-31
251 Galen Dr Unit 204Econdos221,109$520,0002026-03-30
151 Crandon Blvd Apt 928condos221,532$1,250,0002026-03-30
251 Crandon Blvd Apt 237condos221,532$995,0002026-03-19
733 Crandon Blvd Apt 405condos232,060$1,810,0002026-03-16
251 Crandon Blvd Apt 441condos221,532$1,084,4602026-03-03
265 Grapetree Dr Apt 110condos231,404$1,075,0002026-02-27
881 Ocean Dr Apt 13Ccondos221,875$1,910,0002026-02-24
1121 Crandon Blvd Apt E504condos221,409$1,060,0002026-02-23
177 Ocean Lane Dr Apt 212condos221,260$980,0002026-02-11
199 Ocean Lane Dr Apt 313condos221,260$1,140,0002026-02-06
445 Grand Bay Dr Apt 802condos232,950$2,730,0002026-02-06
201 Galen Dr Apt 104condos221,109$535,0002026-02-03
1121 Crandon Blvd Apt E304condos221,409$820,0002026-01-30
1121 Crandon Blvd Apt D706condos221,409$1,300,0002026-01-16
151 Crandon Blvd Apt 206condos221,547$990,0002026-01-16
1121 Crandon Blvd Apt D604condos221,409$1,100,0002026-01-14
360 Ocean Dr Unit 704Scondos241,703$4,600,0002025-12-19

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.

AddressTypeBedsBathsSqftAsking priceDays on market
881 Ocean Dr Apt 16Fcondos221,875$2,400,000
737 Crandon Blvd Ph 1condos232,060$2,250,000
177 Ocean Lane Dr Apt 208condos221,260$1,125,000
201 Crandon Blvd Apt 707condos221,880$2,100,000
170 Ocean Lane Dr Apt 310condos221,335$769,900
101 Crandon Blvd Apt 265condos221,790$1,495,000
613 Ocean Dr Apt 5Dcondos221,496$1,770,000
1111 Crandon Blvd Apt B506condos221,409$1,350,000

10-year hold projection

IRR-3.1%
Equity multiple0.49x
Total return (10yr)$2,767
YearProperty valueNOICash flowLoan balanceEquity
1$793,100$12,705-$38,083$609,321$183,779
2$816,893$13,325-$37,545$602,184$214,709
3$841,400$13,969-$36,985$594,556$246,844
4$866,642$14,639-$36,401$586,405$280,237
5$892,641$15,335-$35,794$577,694$314,947
6$919,420$16,059-$35,161$568,384$351,036
7$947,003$16,811-$34,502$558,436$388,567
8$975,413$17,592-$33,816$547,804$427,609
9$1,004,675$18,403-$33,102$536,442$468,233
10$1,034,816$19,246-$32,359$524,300$510,516
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.
All figures are estimates for evaluation purposes only, not investment, tax, legal, or insurance advice. Property tax is estimated from a real matched tax bill or millage rate when available, a placeholder % of price otherwise; insurance is scaled by flood and wind risk where those are known and a flat percentage otherwise — never a real quote. Verify all of them, along with association restrictions and permit status, before committing capital. Rent estimates come from real comps or Zillow’s ZIP index, not appraisals.