7000 Island Blvd Ph 2
Aventura, FL 33160 · condos · For Sale · 139 days on market
Asking price$5,500,000
7 beds 9 baths 7,700 sqft
Suggested offer$2,299,374$3,200,626 above the est. market value of $2,299,374.
View on Realtor.com →Listed by Ines Flax · One Sotheby's International Realty
Typecondos
Built1998
Price / sqft$714
Est. value (own analysis)$2,299,374
Rent estimate (Zillow ZIP avg)$3,079/mo
HOA$1,550/mo
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Statusfor_sale
Listed date2026-04-17
Removed date—
MLSMiamiMLS #A12002205
Coordinates25.94437, -80.13573
Address7000 Island Blvd Ph 2
CityAventura
StateFL
Zip33160
Listing ID6829942673
Sourceus-real-estate-listings, cached 2026-08-31
ZIP market snapshot (33160)
Typical home value (ZHVI)$518,452
Typical rent (ZORI)$3,079/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 | $5,500,000 |
| Down payment (20.0%) | $1,100,000 |
| Loan amount | $4,400,000 |
| Closing costs (5.0%) | $275,000 |
| Total cash to close | $1,375,000 |
| Income | |
| Rent (ZIP avg, ZORI — not bedroom-specific) | $3,079$36,944 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,832$33,988 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $8,708$104,500 |
| Insurance (placeholder 0.8% of price) | $3,667$44,000 |
| HOA dues | $1,550$18,600 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $154$1,847 |
| Total operating expenses | $14,079$168,947 |
| 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) | $154$1,847 |
| 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.
No active rental listings cached yet for this bedroom count.
Widened to any bedroom count in ZIP. 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 |
|---|---|---|---|---|---|---|
| 100 Bayview Dr Apt 2124 | condos | 2 | 2 | 1,357 | $650 | 2026-09-02 |
| 18555 Collins Ave Apt 2805 | condos | 3 | 5 | 3,171 | $3,500,000 | 2026-09-01 |
| 2999 Point East Dr Apt C502 | condos | 1 | 1 | 816 | $180,000 | 2026-09-01 |
| 17749 Collins Ave Apt 3501 | condos | 4 | 7 | 4,609 | $6,500,000 | 2026-08-31 |
| 3551 NE 169th St Apt 301 | condos | 2 | 2 | 1,085 | $250,000 | 2026-08-31 |
| 3862 NE 171st St Unit C | condos | 2 | 3 | 1,200 | $382,000 | 2026-08-31 |
| 2000 Island Blvd Apt 1109 | condos | 3 | 3 | 2,630 | $825,000 | 2026-08-28 |
| 2841 NE 163rd St Apt 704 | condos | 1 | 2 | 790 | $197,000 | 2026-08-28 |
| 6750864223 | condos | 0 | 1 | 664 | $220,000 | 2026-08-28 |
| 18001 Collins Ave Unit 1010 | condos | 0 | 1 | 551 | $220,000 | 2026-08-28 |
| 18001 Collins Ave Unit 1403 | condos | 0 | 1 | 551 | $220,000 | 2026-08-28 |
| 300 Sunny Isles Blvd Unit 4-807 | condos | 3 | 4 | 1,892 | $1,240,000 | 2026-08-28 |
| 330 Sunny Isles Blvd Unit 5-1708 | condos | 3 | 4 | 1,892 | $1,500,000 | 2026-08-26 |
| 230 174th St Apt 902 | condos | 2 | 2 | 1,276 | $435,000 | 2026-08-26 |
| 16400 Collins Ave Apt 1242 | condos | 2 | 2 | 1,530 | $815,000 | 2026-08-25 |
| 17901 Collins Ave Unit 3003 | condos | 4 | 5 | 2,987 | $6,700,000 | 2026-08-25 |
| 250 174th St Apt 1510 | condos | 0 | 1 | 595 | $170,000 | 2026-08-25 |
| 300 Bayview Dr Apt 307 | condos | 2 | 2 | 1,350 | $410,000 | 2026-08-25 |
| 18011 Biscayne Blvd Unit 1704-1 | condos | 2 | 2 | 1,605 | $170,000 | 2026-08-25 |
| 17301 Biscayne Blvd Apt 1106 | condos | 3 | 4 | 2,158 | $985,000 | 2026-08-25 |
| 19370 Collins Ave Apt 319 | condos | 1 | 2 | 1,005 | $335,000 | 2026-08-24 |
| 2801 NE 183rd St Unit 405W | condos | 1 | 2 | 1,066 | $172,000 | 2026-08-24 |
| 18061 Biscayne Blvd Apt 1203 | condos | 1 | 2 | 1,005 | $180,000 | 2026-08-24 |
| 15811 Collins Ave Apt 2201 | condos | 3 | 4 | 2,928 | $2,525,000 | 2026-08-24 |
| 17301 Biscayne Blvd Apt 401 | condos | 2 | 3 | 1,999 | $800,000 | 2026-08-21 |
| 18001 Collins Ave Unit 2204 | condos | 0 | 1 | 457 | $200,000 | 2026-08-21 |
| 18001 Collins Ave Unit 2102 | condos | 0 | 1 | 664 | $205,000 | 2026-08-21 |
| 3944 NE 167th St Apt 106 | condos | 2 | 2 | 970 | $190,000 | 2026-08-21 |
| 2851 NE 183rd St Apt 1416E | condos | 2 | 2 | 1,693 | $320,000 | 2026-08-21 |
| 17001 Collins Ave Apt 2307 | condos | 2 | 3 | 1,479 | $1,750,000 | 2026-08-21 |
| 17890 W Dixie Hwy Apt 307 | condos | 3 | 2 | 1,652 | $290,000 | 2026-08-20 |
| 3750 NE 169th St Apt 102 | condos | 1 | 2 | 812 | $185,000 | 2026-08-20 |
| 5878676453 | condos | 1 | 1 | 1,005 | $295,000 | 2026-08-19 |
| 3600 NE 170th St Apt 102 | condos | 1 | 2 | 812 | $185,000 | 2026-08-19 |
| 2750 NE 183rd St Apt 2108 | condos | 2 | 2 | 1,268 | $260,000 | 2026-08-19 |
| 19380 Collins Ave Apt 712 | condos | 1 | 1 | 1,005 | $255,000 | 2026-08-18 |
| 2920 Point East Dr Apt N111 | condos | 1 | 1 | 768 | $160,000 | 2026-08-18 |
| 250 174th St Apt 2012 | condos | 1 | 2 | 1,087 | $240,000 | 2026-08-18 |
| 17051 NE 35th Ave Apt 202 | condos | 2 | 2 | 861 | $190,000 | 2026-08-17 |
| 3551 NE 169th St Apt 104 | condos | 1 | 1 | 812 | $150,000 | 2026-08-17 |
| 3550 NE 169th St Apt 407 | condos | 2 | 2 | 1,085 | $289,000 | 2026-08-17 |
| 300 Bayview Dr Apt 905 | condos | 2 | 2 | 1,350 | $340,000 | 2026-08-17 |
| 17700 N Bay Rd Apt 805 | condos | 2 | 2 | 1,300 | $640,000 | 2026-08-17 |
| 17375 Collins Ave Unit 1708 | condos | 3 | 3 | 1,860 | $780,000 | 2026-08-14 |
| 5752196881 | condos | 2 | 2 | 1,115 | $620,000 | 2026-08-14 |
| 3020 Marcos Dr Apt S109 | condos | 1 | 1 | 768 | $105,000 | 2026-08-13 |
| 16001 Collins Ave Apt 1504 | condos | 3 | 4 | 2,327 | $2,800,000 | 2026-08-13 |
| 400 Sunny Isles Blvd Apt 116 | condos | 2 | 3 | 1,403 | $820,000 | 2026-08-13 |
| 300 Bayview Dr Apt 1009 | condos | 1 | 2 | 762 | $215,000 | 2026-08-12 |
| 3750 NE 169th St Apt 408 | condos | 1 | 1 | 812 | $179,500 | 2026-08-10 |
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 |
|---|---|---|---|---|---|---|
| 255 Ocean Blvd | single_family | 7 | 14 | 17,507 | $79,500,000 | — |
| 115 Ocean Blvd | single_family | 7 | 12 | 9,121 | $47,000,000 | — |
| 410 Golden Beach Dr | single_family | 7 | 8 | 5,713 | $14,975,000 | — |
| 185 Ocean Blvd | single_family | 7 | 9 | — | $45,000,000 | — |
| 680 Golden Beach Dr | single_family | 7 | 7 | 8,197 | $21,900,000 | — |
| 284 Ocean Blvd | single_family | 7 | 7 | — | $11,000,000 | — |
| multi_family | 7 | 3 | 2,684 | $1,075,000 | — |
10-year hold projection
IRR-13.0%
Equity multiple-1.25x
Total return (10yr)-$2,370,366
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $5,665,000 | -$134,959 | -$476,113 | $4,352,294 | $1,312,706 |
| 2 | $5,834,950 | -$138,163 | -$479,363 | $4,301,313 | $1,533,637 |
| 3 | $6,009,999 | -$141,442 | -$482,690 | $4,246,830 | $1,763,169 |
| 4 | $6,190,298 | -$144,798 | -$486,094 | $4,188,606 | $2,001,693 |
| 5 | $6,376,007 | -$148,232 | -$489,578 | $4,126,383 | $2,249,624 |
| 6 | $6,567,288 | -$151,746 | -$493,143 | $4,059,888 | $2,507,399 |
| 7 | $6,764,306 | -$155,343 | -$496,792 | $3,988,827 | $2,775,480 |
| 8 | $6,967,235 | -$159,024 | -$500,526 | $3,912,885 | $3,054,350 |
| 9 | $7,176,253 | -$162,790 | -$504,348 | $3,831,729 | $3,344,524 |
| 10 | $7,391,540 | -$166,645 | -$508,259 | $3,744,999 | $3,646,541 |
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.