224 Sea View Dr Unit 104
Key Biscayne, FL 33149 · townhomes · For Sale · 34 days on market
Asking price$1,175,000
2 beds 3 baths 1,340 sqft
Listed by Maureen Jauregui · Coldwell Banker Realty
Typetownhomes
Built1977
Price / sqft$877
Est. value (Zillow ZIP avg)$1,692,135
Rent estimate (own analysis)$7,150/mo
HOANone
1 / 46
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Statusfor_sale
Listed date2026-07-30
Removed date—
MLSMiamiMLS #A12061913
Coordinates25.68561, -80.15985
Address224 Sea View Dr Unit 104
CityKey Biscayne
StateFL
Zip33149
Listing ID6509049861
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 | $1,175,000 |
| Down payment (20.0%) | $235,000 |
| Loan amount | $940,000 |
| Closing costs (5.0%) | $58,750 |
| Total cash to close | $293,750 |
| Income | |
| Rent (comp-derived) | $7,150$85,800 |
| Vacancy loss (8.0%) | |
| Effective gross income | $6,578$78,936 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $1,860$22,325 |
| Insurance (placeholder 0.8% of price) | $783$9,400 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $358$4,290 |
| Total operating expenses | $3,001$36,015 |
| 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) | $358$4,290 |
| 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 | 2 | 2 | 875 | $3,700 | 2026-08-27 | — | |
| townhomes | 2 | 3 | 1,460 | $8,500 | 2026-07-31 | — | |
| townhomes | 2 | 2 | 1,042 | $6,500 | 2026-01-14 | — | |
| townhomes | 2 | 3 | 1,340 | $7,800 | 2026-08-28 | — |
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 |
|---|---|---|---|---|---|---|
| 881 Ocean Dr Apt 16F | condos | 2 | 2 | 1,875 | $2,400,000 | — |
| 737 Crandon Blvd Ph 1 | condos | 2 | 3 | 2,060 | $2,250,000 | — |
| 177 Ocean Lane Dr Apt 208 | condos | 2 | 2 | 1,260 | $1,125,000 | — |
| 201 Crandon Blvd Apt 707 | condos | 2 | 2 | 1,880 | $2,100,000 | — |
| 170 Ocean Lane Dr Apt 310 | condos | 2 | 2 | 1,335 | $769,900 | — |
| 101 Crandon Blvd Apt 265 | condos | 2 | 2 | 1,790 | $1,495,000 | — |
| 613 Ocean Dr Apt 5D | condos | 2 | 2 | 1,496 | $1,770,000 | — |
| 1111 Crandon Blvd Apt B506 | condos | 2 | 2 | 1,409 | $1,350,000 | — |
10-year hold projection
IRR2.5%
Equity multiple1.41x
Total return (10yr)$272,511
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $1,210,250 | $42,921 | -$33,857 | $929,808 | $280,442 |
| 2 | $1,246,558 | $44,389 | -$32,497 | $918,917 | $327,641 |
| 3 | $1,283,954 | $45,905 | -$31,091 | $907,277 | $376,677 |
| 4 | $1,322,473 | $47,471 | -$29,637 | $894,839 | $427,634 |
| 5 | $1,362,147 | $49,089 | -$28,134 | $881,546 | $480,601 |
| 6 | $1,403,011 | $50,761 | -$26,581 | $867,340 | $535,671 |
| 7 | $1,445,102 | $52,487 | -$24,976 | $852,159 | $592,943 |
| 8 | $1,488,455 | $54,271 | -$23,317 | $835,935 | $652,520 |
| 9 | $1,533,108 | $56,113 | -$21,602 | $818,597 | $714,512 |
| 10 | $1,579,102 | $58,016 | -$19,830 | $800,068 | $779,033 |
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.