1200 Brickell Bay Dr Apt 3701
Miami, FL 33131 · condos · For Sale · 14 days on market
Asking price$1,250,000
3 beds 2 baths 1,105 sqft
Suggested offer$1,002,219$247,781 above the est. market value of $1,002,219.
View on Realtor.com →Listed by Benjamin Wright · ENGEL & VOLKERS Miami
Typecondos
Built2005
Price / sqft$1131
Est. value (own analysis)$1,002,219
Rent estimate (own analysis)$5,710/mo
HOA$946/mo
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Statusfor_sale
Listed date2026-08-19
Removed date—
MLSMiamiMLS #A12074021
Coordinates25.76180, -80.19059
Address1200 Brickell Bay Dr Apt 3701
CityMiami
StateFL
Zip33131
Listing ID6594588102
Sourceus-real-estate-listings, cached 2026-08-29
ZIP market snapshot (33131)
Typical home value (ZHVI)$587,486
Typical rent (ZORI)$3,815/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 | $1,250,000 |
| Down payment (20.0%) | $250,000 |
| Loan amount | $1,000,000 |
| Closing costs (5.0%) | $62,500 |
| Total cash to close | $312,500 |
| Income | |
| Rent (comp-derived) | $5,710$68,514 |
| Vacancy loss (8.0%) | |
| Effective gross income | $5,253$63,033 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $1,979$23,750 |
| Insurance (placeholder 0.8% of price) | $833$10,000 |
| HOA dues | $946$11,352 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $285$3,426 |
| Total operating expenses | $4,044$48,528 |
| 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) | $285$3,426 |
| 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 | 3 | 2 | 1,433 | $5,600 | 2026-08-12 | — | |
| condos | 3 | 3 | 1,488 | $6,200 | 2026-08-07 | — | |
| condos | 3 | 3 | 1,451 | $7,400 | 2026-08-07 | — | |
| condos | 3 | 2 | 1,416 | $5,600 | 2026-07-24 | — | |
| condos | 3 | 2 | 1,450 | $6,200 | 2026-07-21 | — | |
| condos | 3 | 2 | 1,400 | $6,000 | 2026-01-28 | — | |
| apartment | 3 | 2 | 1,232 | $5,000 | 2026-06-18 | — | |
| condos | 3 | 2 | 990 | $4,700 | 2026-06-17 | — | |
| condos | 3 | 3 | 1,419 | $5,500 | 2026-06-17 | — | |
| condos | 3 | 2 | 1,470 | $5,200 | 2026-05-18 | — | |
| condos | 3 | 3 | 1,308 | $8,000 | 2026-05-05 | — | |
| condos | 3 | 3 | 1,419 | $10,000 | 2026-08-03 | — | |
| condos | 3 | 3 | 1,397 | $5,950 | 2026-07-28 | — | |
| condos | 3 | 3 | 1,419 | $5,300 | 2026-08-24 | — | |
| condos | 3 | 3 | 1,488 | $5,900 | 2026-03-18 | — | |
| condos | 3 | 4 | 990 | $5,200 | 2026-03-10 | — | |
| condos | 3 | 2 | 1,433 | $6,000 | 2026-04-12 | — | |
| condos | 3 | 3 | 1,488 | $8,000 | 2026-02-11 | — | |
| condos | 3 | 2 | 1,470 | $5,800 | 2026-04-17 | — | |
| condos | 3 | 3 | 1,308 | $7,000 | 2026-04-09 | — | |
| apartment | 3 | 2 | 1,410 | $5,722 | — | — | |
| condos | 3 | 2 | 1,419 | $5,500 | — | — | |
| apartment | 3 | 2 | 1,232 | $7,000 | — | — | |
| apartment | 3 | 2 | 1,410 | $5,787 | — | — | |
| apartment | 3 | 2 | 1,410 | $5,666 | — | — | |
| apartment | 3 | 2 | 1,410 | $5,653 | — | — | |
| apartment | 3 | 2 | 1,410 | $5,697 | — | — | |
| apartment | 3 | 2 | 1,410 | $5,697 | — | — | |
| apartment | 3 | 2 | 1,410 | $5,742 | — | — | |
| apartment | 3 | 2 | 1,410 | $5,697 | — | — | |
| condos | 3 | 3 | 1,433 | $5,555 | 2026-08-31 | — | |
| condos | 3 | 2 | 1,433 | $5,600 | — | — |
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 |
|---|---|---|---|---|---|---|
| 901 Brickell Key Blvd Apt 3004 | condos | 3 | 4 | 2,591 | $2,350,000 | 2026-08-31 |
| 1425 Brickell Ave Apt 58E | condos | 3 | 4 | 3,357 | $4,800,000 | 2026-08-31 |
| 900 Brickell Key Blvd Apt 1101 | condos | 3 | 4 | 2,065 | $2,200,000 | 2026-08-25 |
| 801 Brickell Key Blvd Apt 2203 | condos | 3 | 3 | 1,659 | $1,600,000 | 2026-08-14 |
| 500 Brickell Ave Apt 4101 | condos | 3 | 3 | 1,494 | $980,000 | 2026-08-13 |
| 701 Brickell Key Blvd Apt 1903 | condos | 3 | 3 | 1,719 | $1,260,000 | 2026-08-12 |
| 1200 Brickell Bay Dr Apt 1924 | condos | 3 | 2 | 1,232 | $700,000 | 2026-08-10 |
| 1080 Brickell Ave Unit 3300 | condos | 3 | 3 | 1,593 | $1,257,500 | 2026-07-23 |
| 495 Brickell Ave Apt 5703 | condos | 3 | 3 | 2,172 | $2,250,000 | 2026-07-15 |
| 1155 Brickell Bay Dr Ph 303 | condos | 3 | 3 | 1,940 | $1,600,000 | 2026-07-08 |
| 808 Brickell Key Dr Apt 2104 | condos | 3 | 4 | 2,510 | $2,200,000 | 2026-06-23 |
| 950 Brickell Bay Dr Apt 5505 | condos | 3 | 3 | 1,926 | $1,700,000 | 2026-06-16 |
| 888 Brickell Key Dr Apt 1903 | condos | 3 | 3 | 2,050 | $1,475,000 | 2026-06-08 |
| 1300 Brickell Bay Dr Apt 3406 | condos | 3 | 3 | 1,308 | $1,200,000 | 2026-06-08 |
| 1300 Brickell Bay Dr Apt 3302 | condos | 3 | 3 | 1,308 | $1,280,000 | 2026-06-03 |
| 300 Biscayne Blvd Way Unit 403C | condos | 3 | 3 | 1,829 | $2,300,000 | 2026-05-25 |
| 701 Brickell Key Blvd Apt 1603 | condos | 3 | 3 | 1,719 | $1,150,000 | 2026-05-06 |
| 1000 Brickell Plz Unit 4410 | condos | 3 | 4 | 1,685 | $1,930,000 | 2026-04-17 |
| 1010 Brickell Ave Unit 4206 | condos | 3 | 3 | 1,442 | $1,330,000 | 2026-04-06 |
| 901 Brickell Key Blvd Apt 906 | condos | 3 | 3 | 1,944 | $1,650,000 | 2026-03-27 |
| 500 Brickell Ave Apt 2901 | condos | 3 | 3 | 1,494 | $1,100,000 | 2026-03-26 |
| 1000 Brickell Plz Ph 6002 | condos | 3 | 4 | 2,342 | $3,750,000 | 2026-03-10 |
| 300 Biscayne Blvd Way Apt 3307 | condos | 3 | 4 | 2,346 | $2,650,000 | 2026-03-10 |
| 1331 Brickell Bay Dr Apt 2807 | condos | 3 | 3 | 2,130 | $2,025,000 | 2026-03-04 |
| 300 Biscayne Blvd Way Apt 3902 | condos | 3 | 4 | 2,442 | $3,110,000 | 2026-02-27 |
| 1155 Brickell Bay Dr Apt 2004 | condos | 3 | 2 | 1,510 | $842,500 | 2026-02-27 |
| 520 Brickell Key Dr Apt A604 | condos | 3 | 3 | 1,624 | $750,000 | 2026-02-26 |
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 Biscayne Boulevard Way Apt 4902 | condos | 3 | 4 | 2,457 | $2,445,000 | — |
| 465 Brickell Ave Apt 4101 | condos | 3 | 2 | 1,825 | $4,995,000 | — |
| 68 SE 6th St Apt 1904 | condos | 3 | 4 | 1,641 | $1,475,000 | — |
| 1000 Brickell Plz Unit 3002 | condos | 3 | 4 | 1,909 | $2,550,000 | — |
| 1331 Brickell Bay Dr Apt 3607 | condos | 3 | 3 | 2,130 | $2,375,000 | — |
| 335 S Biscayne Blvd Apt 1209 | condos | 3 | 2 | 1,792 | $1,490,000 | — |
| 1010 Brickell Ave Unit 4701 | condos | 3 | 3 | 1,753 | $1,890,000 | — |
| 520 Brickell Key Dr Apt A1421 | condos | 3 | 3 | 1,890 | $1,190,000 | — |
10-year hold projection
IRR-4.1%
Equity multiple0.31x
Total return (10yr)-$51,845
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $1,287,500 | $14,505 | -$66,036 | $989,158 | $298,342 |
| 2 | $1,326,125 | $15,183 | -$65,444 | $977,571 | $348,554 |
| 3 | $1,365,909 | $15,887 | -$64,827 | $965,189 | $400,720 |
| 4 | $1,406,886 | $16,619 | -$64,186 | $951,956 | $454,930 |
| 5 | $1,449,093 | $17,379 | -$63,518 | $937,814 | $511,278 |
| 6 | $1,492,565 | $18,168 | -$62,823 | $922,702 | $569,864 |
| 7 | $1,537,342 | $18,987 | -$62,101 | $906,551 | $630,791 |
| 8 | $1,583,463 | $19,838 | -$61,349 | $889,292 | $694,171 |
| 9 | $1,630,966 | $20,722 | -$60,567 | $870,847 | $760,119 |
| 10 | $1,679,895 | $21,639 | -$59,754 | $851,136 | $828,760 |
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.