300 Collins Ave Ph 3
Miami Beach, FL 33139 · condos · For Sale · 295 days on market
Asking price$8,800,000
4 beds 5 baths 3,705 sqft
Listed by Chad Carroll · COMPASS
Typecondos
Built2018
Price / sqft$2375
Est. value (own analysis)$12,465,806
Rent estimate (own analysis)$58,000/mo
HOA$9,796/mo
Wind10/10Extreme$Heat10/10ExtremeFlood8/10severe$Air2/10MinorWildfire1/10Minimal
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Statusfor_sale
Listed date2025-11-11
Removed date—
MLSMiamiMLS #A11911547
Coordinates25.77263, -80.13375
Address300 Collins Ave Ph 3
CityMiami Beach
StateFL
Zip33139
Listing ID6317637245
Sourceus-real-estate-listings, cached 2026-08-30
ZIP market snapshot (33139)
Typical home value (ZHVI)$471,015
Typical rent (ZORI)$2,928/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 | $8,800,000 |
| Down payment (20.0%) | $1,760,000 |
| Loan amount | $7,040,000 |
| Closing costs (5.0%) | $440,000 |
| Total cash to close | $2,200,000 |
| Income | |
| Rent (comp-derived) | $58,000$696,000 |
| Vacancy loss (8.0%) | |
| Effective gross income | $53,360$640,320 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $13,933$167,200 |
| Insurance (est. scaled by flood & wind risk) | $11,440$137,280 |
| HOA dues | $9,796$117,552 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $2,900$34,800 |
| Total operating expenses | $38,069$456,832 |
| 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) | $2,900$34,800 |
| 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 |
|---|---|---|---|---|---|---|---|
| condos | 4 | 5 | 2,954 | $35,000 | 2026-08-07 | — | |
| condos | 4 | 4 | 3,837 | $110,000 | 2026-05-12 | — | |
| condos | 4 | 5 | 3,535 | $60,000 | 2026-01-22 | — | |
| condos | 4 | 4 | 2,411 | $49,500 | 2026-07-08 | — | |
| condos | 4 | 5 | 3,337 | $58,000 | 2026-08-08 | — |
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 |
|---|---|---|---|---|---|---|
| 11 Island Ave Apt 1201 | condos | 4 | 4 | 2,760 | $3,845,000 | 2026-06-29 |
| 50 S Pointe Dr Unit TWN7 | condos | 4 | 5 | 2,779 | $9,000,000 | 2026-06-25 |
| 125 Ocean Dr Unit U0503 | condos | 4 | 5 | 3,463 | $12,400,000 | 2026-06-22 |
| 800 S Pointe Dr Apt 801 | condos | 4 | 5 | 4,154 | $14,500,000 | 2026-06-05 |
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 |
|---|---|---|---|---|---|---|
| 1281 S Venetian Way | single_family | 4 | 4 | 2,912 | $3,975,000 | — |
| 1092 N Venetian Dr | single_family | 4 | 5 | 3,650 | $6,575,000 | — |
| 56 S Hibiscus Dr | single_family | 4 | 5 | 3,092 | $14,900,000 | — |
| 300 S Pointe Dr Ph 5 | condos | 4 | 7 | 5,680 | $24,999,000 | — |
| 455 E Dilido Dr | single_family | 4 | 5 | 3,138 | $13,800,000 | — |
| 1405 Lenox Ave | single_family | 4 | 2 | 2,112 | $2,200,000 | — |
| 1508 Meridian Ave | multi_family | 4 | 4 | 1,776 | $1,200,000 | — |
| 125 Ocean Dr Unit U0303 | condos | 4 | 5 | 4,365 | $19,642,000 | — |
10-year hold projection
IRR-1.9%
Equity multiple0.69x
Total return (10yr)$478,165
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $9,064,000 | $183,488 | -$394,203 | $6,963,671 | $2,100,329 |
| 2 | $9,335,920 | $191,277 | -$387,284 | $6,882,100 | $2,453,820 |
| 3 | $9,615,998 | $199,356 | -$380,097 | $6,794,927 | $2,821,070 |
| 4 | $9,904,478 | $207,737 | -$372,630 | $6,701,769 | $3,202,709 |
| 5 | $10,201,612 | $216,429 | -$364,875 | $6,602,213 | $3,599,399 |
| 6 | $10,507,660 | $225,443 | -$356,821 | $6,495,820 | $4,011,840 |
| 7 | $10,822,890 | $234,791 | -$348,458 | $6,382,121 | $4,440,769 |
| 8 | $11,147,577 | $244,483 | -$339,774 | $6,260,615 | $4,886,962 |
| 9 | $11,482,004 | $254,533 | -$330,759 | $6,130,764 | $5,351,240 |
| 10 | $11,826,464 | $264,952 | -$321,400 | $5,991,997 | $5,834,467 |
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.