808 Brickell Key Dr Apt 408
Miami, FL 33131 · condos · For Sale · 89 days on market
Asking price$1,999,000
2 beds 3 baths 2,093 sqft
Suggested offer$1,215,845$783,155 above the est. market value of $1,215,845.
View on Realtor.com →Listed by Nancy Batchelor · COMPASS
Typecondos
Built1998
Price / sqft$955
Est. value (own analysis)$1,215,845
Rent estimate (own analysis)$6,225/mo
HOA$1,880/mo
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Show every detail
Statusfor_sale
Listed date2026-06-05
Removed date—
MLSMiamiMLS #A12011177
Coordinates25.76864, -80.18313
Address808 Brickell Key Dr Apt 408
CityMiami
StateFL
Zip33131
Listing ID6957679015
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 | $1,999,000 |
| Down payment (20.0%) | $399,800 |
| Loan amount | $1,599,200 |
| Closing costs (5.0%) | $99,950 |
| Total cash to close | $499,750 |
| Income | |
| Rent (comp-derived) | $6,225$74,700 |
| Vacancy loss (8.0%) | |
| Effective gross income | $5,727$68,724 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $3,165$37,981 |
| Insurance (placeholder 0.8% of price) | $1,333$15,992 |
| HOA dues | $1,880$22,560 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $311$3,735 |
| Total operating expenses | $6,689$80,268 |
| 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) | $311$3,735 |
| 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 | 2 | 3 | 1,368 | $3,900 | 2026-08-18 | — | |
| condos | 2 | 3 | 1,410 | $4,900 | 2026-08-18 | — | |
| condos | 2 | 4 | 1,552 | $13,500 | 2026-08-17 | — | |
| condos | 2 | 2 | 1,386 | $6,490 | 2026-08-17 | — | |
| apartment | 2 | 2 | 1,459 | $6,995 | 2026-08-16 | — | |
| condos | 2 | 2 | 1,402 | $4,100 | 2026-08-14 | — | |
| apartment | 2 | 3 | 1,694 | $6,300 | 2026-08-14 | — | |
| condos | 2 | 3 | 1,878 | $12,000 | 2026-08-14 | — | |
| condos | 2 | 3 | 1,489 | $11,000 | 2026-08-13 | — | |
| condos | 2 | 3 | 1,572 | $6,250 | 2026-08-13 | — | |
| condos | 2 | 2 | 1,570 | $12,000 | 2026-08-13 | — | |
| condos | 2 | 3 | 1,400 | $5,400 | 2026-08-12 | — | |
| condos | 2 | 3 | 1,801 | $16,375 | 2026-08-12 | — | |
| condos | 2 | 3 | 1,368 | $3,795 | 2026-08-12 | — | |
| condos | 2 | 2 | 1,402 | $3,900 | 2026-08-11 | — | |
| condos | 2 | 3 | 1,368 | $4,300 | 2026-08-10 | — | |
| condos | 2 | 3 | 1,784 | $8,500 | 2026-08-08 | — | |
| condos | 2 | 2 | 1,464 | $4,600 | 2026-08-08 | — | |
| condos | 2 | 3 | 1,437 | $16,500 | 2026-08-08 | — | |
| condos | 2 | 2 | 1,529 | $10,000 | 2026-08-07 | — | |
| condos | 2 | 3 | 1,453 | $8,200 | 2026-08-05 | — | |
| condos | 2 | 3 | 1,370 | $5,250 | 2026-08-05 | — | |
| condos | 2 | 3 | 1,800 | $15,000 | 2026-07-26 | — | |
| condos | 2 | 2 | 1,510 | $4,500 | 2026-07-24 | — | |
| condos | 2 | 3 | 1,437 | $20,000 | 2026-07-23 | — | |
| condos | 2 | 2 | 1,510 | $4,600 | 2026-07-23 | — | |
| condos | 2 | 3 | 1,368 | $4,400 | 2026-07-21 | — | |
| condos | 2 | 3 | 1,410 | $5,000 | 2026-07-21 | — | |
| condos | 2 | 2 | 1,654 | $6,950 | 2026-07-20 | — | |
| condos | 2 | 3 | 1,492 | $10,000 | 2026-07-20 | — | |
| condos | 2 | 3 | 1,397 | $9,500 | 2026-07-19 | — | |
| condos | 2 | 3 | 1,436 | $7,400 | 2026-07-19 | — | |
| condos | 2 | 3 | 1,622 | $9,500 | 2026-07-18 | — | |
| condos | 2 | 3 | 1,368 | $3,900 | 2026-07-14 | — | |
| condos | 2 | 3 | 1,369 | $7,650 | 2026-07-13 | — | |
| condos | 2 | 2 | 1,510 | $4,800 | 2026-07-12 | — | |
| condos | 2 | 2 | 1,450 | $6,100 | 2026-07-10 | — | |
| condos | 2 | 3 | 1,878 | $10,500 | 2026-07-08 | — | |
| apartment | 2 | 2 | 1,368 | $4,000 | 2026-07-07 | — | |
| condos | 2 | 3 | 1,622 | $9,500 | 2026-07-07 | — | |
| condos | 2 | 3 | 1,368 | $4,000 | 2026-07-03 | — | |
| condos | 2 | 3 | 1,878 | $10,000 | 2026-07-02 | — | |
| condos | 2 | 3 | 1,539 | $7,700 | 2026-06-29 | — | |
| condos | 2 | 2 | 1,633 | $6,000 | 2026-06-26 | — | |
| condos | 2 | 3 | 1,622 | $10,500 | 2026-06-19 | — | |
| condos | 2 | 2 | 1,510 | $5,250 | 2026-06-18 | — | |
| condos | 2 | 3 | 1,747 | $15,000 | 2026-06-16 | — | |
| condos | 2 | 2 | 1,555 | $5,000 | 2026-06-16 | — | |
| condos | 2 | 3 | 1,730 | $10,500 | 2026-06-10 | — | |
| condos | 2 | 2 | 1,518 | $5,500 | 2026-06-10 | — | |
| condos | 2 | 2 | 1,555 | $4,400 | 2026-06-05 | — | |
| condos | 2 | 3 | 1,437 | $10,000 | 2026-06-03 | — | |
| condos | 2 | 3 | 1,709 | $6,850 | 2026-06-03 | — | |
| condos | 2 | 2 | 1,518 | $5,500 | 2026-05-28 | — | |
| condos | 2 | 3 | 1,377 | $4,450 | 2026-05-23 | — | |
| condos | 2 | 3 | 1,368 | $4,250 | 2026-05-21 | — | |
| condos | 2 | 3 | 1,446 | $7,500 | 2026-05-20 | — | |
| condos | 2 | 3 | 1,400 | $5,150 | 2026-05-19 | — | |
| condos | 2 | 4 | 1,699 | $28,000 | 2026-05-15 | — | |
| condos | 2 | 3 | 1,776 | $7,500 | 2026-05-13 | — | |
| condos | 2 | 3 | 2,029 | $14,800 | 2026-05-07 | — | |
| condos | 2 | 3 | 1,790 | $5,999 | 2026-05-06 | — | |
| condos | 2 | 3 | 1,539 | $8,500 | 2026-08-03 | — | |
| condos | 2 | 2 | 1,654 | $6,500 | 2026-08-03 | — | |
| condos | 2 | 3 | 1,368 | $4,200 | 2026-08-03 | — | |
| condos | 2 | 3 | 1,494 | $9,500 | 2026-08-03 | — | |
| condos | 2 | 2 | 1,518 | $5,500 | 2026-08-01 | — | |
| condos | 2 | 2 | 1,450 | $5,500 | 2026-07-28 | — | |
| apartment | 2 | 2 | 1,368 | $3,700 | 2025-03-04 | — | |
| condos | 2 | 3 | 1,474 | $4,450 | 2026-01-13 | — | |
| condos | 2 | 2 | 1,402 | $4,700 | 2026-08-27 | — | |
| condos | 2 | 3 | 1,437 | $10,800 | 2026-04-03 | — | |
| condos | 2 | 3 | 1,410 | $4,900 | 2025-02-10 | — | |
| condos | 2 | 3 | 1,418 | $6,200 | 2026-04-23 | — | |
| condos | 2 | 2 | 1,402 | $4,500 | 2026-03-09 | — | |
| condos | 2 | 3 | 1,694 | $8,250 | 2026-04-02 | — | |
| condos | 2 | 2 | 1,763 | $8,500 | 2025-08-07 | — | |
| condos | 2 | 2 | 1,510 | $4,000 | 2025-06-16 | — | |
| condos | 2 | 2 | 1,441 | $4,400 | 2025-12-01 | — | |
| condos | 2 | 2 | 1,518 | $6,925 | 2025-09-23 | — | |
| condos | 2 | 3 | 1,706 | $12,000 | 2026-03-19 | — | |
| condos | 2 | 2 | 1,393 | $4,010 | 2026-04-07 | — | |
| condos | 2 | 2 | 1,500 | $6,450 | 2026-03-06 | — | |
| condos | 2 | 2 | 1,464 | $4,500 | 2026-02-23 | — | |
| condos | 2 | 3 | 1,734 | $8,000 | 2026-04-17 | — | |
| condos | 2 | 2 | 1,510 | $4,400 | 2026-03-09 | — | |
| condos | 2 | 3 | 1,801 | $16,500 | 2025-03-20 | — | |
| condos | 2 | 3 | 1,946 | $13,900 | 2025-11-03 | — | |
| apartment | 2 | 3 | 1,453 | $12,000 | 2026-02-25 | — | |
| condos | 2 | 3 | 1,500 | $8,000 | 2026-04-01 | — | |
| condos | 2 | 3 | 1,747 | $16,500 | 2024-11-18 | — | |
| condos | 2 | 2 | 1,518 | $6,900 | 2026-04-27 | — | |
| condos | 2 | 2 | 1,654 | $7,990 | 2024-09-13 | — | |
| condos | 2 | 3 | 1,578 | $10,500 | 2025-05-21 | — | |
| condos | 2 | 4 | 1,552 | $14,500 | 2026-03-24 | — | |
| condos | 2 | 2 | 1,402 | $4,700 | — | — | |
| condos | 2 | 2 | 1,763 | $8,500 | — | — | |
| apartment | 2 | 2 | 1,393 | $3,975 | — | — | |
| condos | 2 | 3 | 1,730 | $8,500 | — | — | |
| condos | 2 | 2 | 1,464 | $4,600 | — | — | |
| apartment | 2 | 2 | 1,393 | $3,975 | — | — | |
| condos | 2 | 3 | 1,578 | $9,500 | — | — | |
| condos | 2 | 2 | 1,401 | $8,800 | — | — | |
| condos | 2 | 2 | 1,654 | $6,000 | — | — | |
| condos | 2 | 2 | 1,510 | $4,250 | 2026-08-26 | — | |
| condos | 2 | 2 | 1,402 | $3,900 | 2026-08-27 | — | |
| condos | 2 | 2 | 1,510 | $4,300 | 2026-08-27 | — | |
| condos | 2 | 2 | 1,460 | $5,400 | 2026-08-26 | — | |
| condos | 2 | 2 | 1,633 | $5,700 | 2026-03-25 | — | |
| condos | 2 | 2 | 1,510 | $4,300 | — | — | |
| apartment | 2 | 2 | 1,393 | $3,975 | — | — | |
| condos | 2 | 3 | 1,600 | $17,500 | — | — | |
| condos | 2 | 3 | 1,436 | $7,400 | — | — | |
| condos | 2 | 2 | 1,518 | $5,500 | — | — | |
| apartment | 2 | 2 | 1,393 | $3,980 | — | — | |
| apartment | 2 | 2 | 1,393 | $3,975 | — | — | |
| apartment | 2 | 2 | 1,393 | $3,975 | — | — | |
| apartment | 2 | 2 | 1,393 | $3,975 | — | — | |
| apartment | 2 | 2 | 1,393 | $3,975 | — | — | |
| apartment | 2 | 2 | 1,393 | $3,975 | — | — | |
| condos | 2 | 2 | 1,654 | $6,500 | — | — | |
| condos | 2 | 2 | 1,500 | $6,450 | — | — | |
| apartment | 2 | 2 | 1,393 | $4,005 | — | — | |
| apartment | 2 | 2 | 1,393 | $4,005 | — | — | |
| condos | 2 | 3 | 1,401 | $9,000 | — | — | |
| condos | 2 | 3 | 1,418 | $5,495 | 2026-08-28 | — | |
| condos | 2 | 3 | 1,801 | $16,000 | 2026-08-31 | — | |
| condos | 2 | 3 | 2,139 | $14,000 | 2026-09-01 | — |
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 |
|---|---|---|---|---|---|---|
| 848 Brickell Key Dr Apt 2702 | condos | 2 | 2 | 1,440 | $920,000 | 2026-09-02 |
| 1000 Brickell Plz Unit 4809 | condos | 2 | 3 | 1,236 | $1,365,000 | 2026-08-28 |
| 41 SE 5th St Apt 1202 | condos | 2 | 2 | 1,289 | $580,000 | 2026-08-21 |
| 68 SE 6th St Apt 810 | condos | 2 | 2 | 1,193 | $810,000 | 2026-08-20 |
| 335 S Biscayne Blvd Apt 3807 | condos | 2 | 2 | 1,178 | $655,000 | 2026-08-17 |
| 335 S Biscayne Blvd Apt 3005 | condos | 2 | 2 | 1,227 | $640,000 | 2026-08-14 |
| 41 SE 5th St Apt 1702 | condos | 2 | 2 | 1,289 | $625,000 | 2026-08-07 |
| 701 Brickell Key Blvd Apt 1605 | condos | 2 | 2 | 1,236 | $650,000 | 2026-08-07 |
| 31 SE 6th St Apt 301 | condos | 2 | 2 | 1,116 | $520,000 | 2026-08-05 |
| 300 Biscayne Blvd Way Apt 2505 | condos | 2 | 4 | 1,699 | $2,050,000 | 2026-07-30 |
| 1010 Brickell Ave Unit 1504 | condos | 2 | 3 | 1,325 | $870,000 | 2026-07-27 |
| 68 SE 6th St Apt 2409 | condos | 2 | 3 | 1,373 | $980,000 | 2026-07-27 |
| 151 SE 1st St Apt 3202 | condos | 2 | 1 | 736 | $452,000 | 2026-07-24 |
| 901 Brickell Key Blvd Apt 1409 | condos | 2 | 3 | 1,418 | $1,100,000 | 2026-07-22 |
| 1450 Brickell Bay Dr Apt 311 | condos | 2 | 2 | 1,030 | $470,000 | 2026-07-20 |
| 170 SE 14th St Apt 2705 | condos | 2 | 2 | 942 | $483,000 | 2026-07-16 |
| 1200 Brickell Bay Dr Apt 3123 | condos | 2 | 2 | 1,105 | $629,000 | 2026-07-13 |
| 200 Biscayne Boulevard Way Apt 509 | condos | 2 | 3 | 1,489 | $1,700,000 | 2026-07-10 |
| 68 SE 6th St Apt 2807 | condos | 2 | 3 | 1,244 | $940,000 | 2026-07-10 |
| 888 Brickell Key Dr Apt 210 | condos | 2 | 2 | 1,310 | $760,000 | 2026-07-07 |
| 31 SE 5th St Apt 2604 | condos | 2 | 2 | 1,051 | $540,000 | 2026-07-06 |
| 41 SE 5th St Apt 1609 | condos | 2 | 2 | 1,510 | $600,000 | 2026-07-02 |
| 905 Brickell Bay Dr Apt 1121 | condos | 2 | 2 | 990 | $353,000 | 2026-07-02 |
| 41 SE 5th St Apt 1709 | condos | 2 | 2 | 1,510 | $590,000 | 2026-06-30 |
| 950 Brickell Bay Dr Apt 3610 | condos | 2 | 3 | 1,278 | $1,075,000 | 2026-06-30 |
| 808 Brickell Key Dr Apt 3702 | condos | 2 | 3 | 1,709 | $1,800,000 | 2026-06-26 |
| 801 Brickell Key Blvd Apt 2502 | condos | 2 | 2 | 1,280 | $840,000 | 2026-06-26 |
| 1425 Brickell Ave Apt 57A | condos | 2 | 2 | 1,579 | $2,700,000 | 2026-06-25 |
| 55 SE 6th St Apt 4110 | condos | 2 | 2 | 1,200 | $570,000 | 2026-06-25 |
| 465 Brickell Ave Apt 3202 | condos | 2 | 2 | 1,269 | $830,000 | 2026-06-24 |
| 495 Brickell Ave Apt 4011 | condos | 2 | 2 | 1,255 | $730,000 | 2026-06-18 |
| 185 SE 14th Ter Apt 1105 | condos | 2 | 2 | 930 | $416,000 | 2026-06-18 |
| 500 Brickell Ave Apt 501 | condos | 2 | 2 | 1,100 | $500,000 | 2026-06-17 |
| 200 Biscayne Boulevard Way Apt 4801 | condos | 2 | 3 | 2,457 | $1,810,000 | 2026-06-16 |
| 1331 Brickell Bay Dr Apt 2802 | condos | 2 | 2 | 1,529 | $1,200,000 | 2026-06-15 |
| 701 Brickell Key Blvd Apt 1106 | condos | 2 | 3 | 1,288 | $685,000 | 2026-06-15 |
| 325 S Biscayne Blvd Ph LPH19 | condos | 2 | 2 | 1,227 | $750,000 | 2026-06-12 |
| 55 SE 6th St Apt 1807 | condos | 2 | 2 | 1,200 | $578,000 | 2026-06-11 |
| 335 S Biscayne Blvd Apt 1607 | condos | 2 | 2 | 1,178 | $669,000 | 2026-06-11 |
| 500 Brickell Ave Apt 2510 | condos | 2 | 2 | 1,197 | $550,000 | 2026-06-11 |
| 950 Brickell Bay Dr Apt 4710 | condos | 2 | 3 | 1,278 | $1,149,000 | 2026-06-09 |
| 901 Brickell Key Blvd Apt 3407 | condos | 2 | 3 | 1,784 | $1,760,000 | 2026-06-09 |
| 31 SE 5th St Apt 2610 | condos | 2 | 2 | 1,110 | $480,000 | 2026-06-08 |
| 1155 Brickell Bay Dr Apt 2409 | condos | 2 | 2 | 1,140 | $670,000 | 2026-06-04 |
| 701 Brickell Key Blvd Apt 1506 | condos | 2 | 3 | 1,288 | $730,000 | 2026-05-29 |
| 200 Biscayne Boulevard Way Apt 506 | condos | 2 | 3 | 1,607 | $1,300,000 | 2026-05-26 |
| 770 Claughton Island Dr Apt 704 | condos | 2 | 2 | 968 | $450,000 | 2026-05-22 |
| 1155 Brickell Bay Dr Apt 903 | condos | 2 | 2 | 1,140 | $525,000 | 2026-05-21 |
| 951 Brickell Ave Apt 1806 | condos | 2 | 2 | 1,113 | $695,000 | 2026-05-21 |
| 808 Brickell Key Dr Apt 2502 | condos | 2 | 3 | 1,709 | $1,277,000 | 2026-05-20 |
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 |
|---|---|---|---|---|---|---|
| 111 E Flagler St Apt 705 | condos | 2 | 1 | 836 | $289,000 | — |
| 41 SE 5th St Apt 1108 | condos | 2 | 2 | 1,402 | $593,000 | — |
| 500 Brickell Ave Apt 3707 | condos | 2 | 2 | 1,197 | $675,000 | — |
| 465 E Brickell Ave Unit 5305 | condos | 2 | 2 | 1,313 | $1,270,000 | — |
| 520 Brickell Key Dr Apt A710 | condos | 2 | 2 | 1,464 | $595,000 | — |
| 1451 Brickell Ave Unit 4103 | condos | 2 | 3 | 1,226 | $1,565,000 | — |
| 475 Brickell Ave Apt 5109 | condos | 2 | 2 | 1,167 | $685,000 | — |
| 701 Brickell Key Blvd Apt 2511 | condos | 2 | 2 | 1,267 | $899,000 | — |
10-year hold projection
IRR-8.5%
Equity multiple-0.44x
Total return (10yr)-$460,949
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $2,058,970 | -$11,544 | -$138,602 | $1,581,861 | $477,109 |
| 2 | $2,120,739 | -$11,489 | -$138,640 | $1,563,332 | $557,408 |
| 3 | $2,184,361 | -$11,422 | -$138,669 | $1,543,530 | $640,832 |
| 4 | $2,249,892 | -$11,343 | -$138,688 | $1,522,368 | $727,524 |
| 5 | $2,317,389 | -$11,251 | -$138,697 | $1,499,753 | $817,636 |
| 6 | $2,386,911 | -$11,146 | -$138,694 | $1,475,585 | $911,326 |
| 7 | $2,458,518 | -$11,026 | -$138,680 | $1,449,757 | $1,008,761 |
| 8 | $2,532,273 | -$10,892 | -$138,654 | $1,422,156 | $1,110,118 |
| 9 | $2,608,242 | -$10,741 | -$138,615 | $1,392,659 | $1,215,583 |
| 10 | $2,686,489 | -$10,575 | -$138,562 | $1,361,137 | $1,325,352 |
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.