300 Biscayne Blvd Way Apt 4602
Miami, FL 33131 · condos · For Sale · 209 days on market
Asking price$9,000,000
5 beds 6 baths 4,434 sqft
Suggested offer$4,854,539$4,145,461 above the est. market value of $4,854,539.
View on Realtor.com →Listed by Paulina Sneider · The Agency Florida LLC
Typecondos
Built2024
Price / sqft$2030
Est. value (own analysis)$4,854,539
Rent estimate (own analysis)$34,725/mo
HOA$7,900/mo
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Statusfor_sale
Listed date2026-02-06
Removed date—
MLSMiamiMLS #A11959148
Coordinates25.77065, -80.18828
Address300 Biscayne Blvd Way Apt 4602
CityMiami
StateFL
Zip33131
Listing ID9036502345
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 | $9,000,000 |
| Down payment (20.0%) | $1,800,000 |
| Loan amount | $7,200,000 |
| Closing costs (5.0%) | $450,000 |
| Total cash to close | $2,250,000 |
| Income | |
| Rent (comp-derived) | $34,725$416,700 |
| Vacancy loss (8.0%) | |
| Effective gross income | $31,947$383,364 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $14,250$171,000 |
| Insurance (placeholder 0.8% of price) | $6,000$72,000 |
| HOA dues | $7,900$94,800 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $1,736$20,835 |
| Total operating expenses | $29,886$358,635 |
| 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) | $1,736$20,835 |
| 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 | 5 | 6 | 3,575 | $39,500 | 2026-08-05 | — | |
| condos | 5 | 6 | 3,978 | $45,000 | 2026-06-29 | — | |
| condos | 5 | 7 | 3,608 | $18,000 | 2026-06-08 | — | |
| condos | 5 | 5 | 3,420 | $14,800 | 2026-07-30 | — | |
| condos | 5 | 6 | 3,004 | $12,550 | 2026-04-15 | — | |
| condos | 5 | 7 | 4,770 | $49,000 | 2026-08-31 | — | |
| condos | 5 | 6 | 5,097 | $29,950 | 2026-03-11 | — | |
| condos | 5 | 6 | 3,663 | $45,000 | 2026-04-10 | — | |
| condos | 5 | 7 | 4,770 | $49,000 | 2026-09-02 | — | |
| condos | 5 | 6 | 5,097 | $29,950 | 2026-03-12 | — |
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 |
|---|---|---|---|---|---|---|
| 1425 Brickell Ave Unit 44A-B | condos | 5 | 5 | 3,820 | $3,900,000 | 2026-04-24 |
| 300 Biscayne Blvd Way Apt 4401 | condos | 5 | 6 | 3,854 | $5,100,000 | 2026-04-17 |
| 1000 Brickell Plz Unit UPH6201 | condos | 5 | 9 | 7,855 | $8,600,000 | 2026-03-31 |
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 |
|---|---|---|---|---|---|---|
| 300 Biscayne Boulevard Way Apt 2701 | condos | 5 | 6 | 3,978 | $7,400,000 | — |
| 300 Biscayne Boulevard Way Unit 3304C | condos | 5 | 6 | 3,214 | $4,475,000 | — |
| 300 Biscayne Blvd Way Apt 1901 | condos | 5 | 6 | 3,560 | $6,750,000 | — |
| 465 Brickell Ave Apt 5701 | condos | 5 | 7 | 4,770 | $12,999,000 | — |
| 99 SE 5th St Unit UPH7201 | condos | 5 | 10 | 9,074 | $31,760,000 | — |
| 300 Biscayne Blvd Way Apt 3201 | condos | 5 | 6 | 3,994 | $7,590,000 | — |
| 900 Brickell Key Blvd Apt 1002 | condos | 5 | 7 | 3,608 | $3,530,000 | — |
| 808 Brickell Key Dr Apt 3901 | condos | 5 | 6 | 5,097 | $4,995,000 | — |
10-year hold projection
IRR-6.4%
Equity multiple-0.07x
Total return (10yr)-$1,241,737
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $9,270,000 | $24,729 | -$551,336 | $7,121,936 | $2,148,064 |
| 2 | $9,548,100 | $27,264 | -$549,322 | $7,038,511 | $2,509,589 |
| 3 | $9,834,543 | $29,920 | -$547,199 | $6,949,358 | $2,885,185 |
| 4 | $10,129,579 | $32,702 | -$544,965 | $6,854,082 | $3,275,498 |
| 5 | $10,433,467 | $35,614 | -$542,614 | $6,752,263 | $3,681,204 |
| 6 | $10,746,471 | $38,661 | -$540,141 | $6,643,453 | $4,103,018 |
| 7 | $11,068,865 | $41,850 | -$537,542 | $6,527,170 | $4,541,695 |
| 8 | $11,400,931 | $45,185 | -$534,811 | $6,402,902 | $4,998,029 |
| 9 | $11,742,959 | $48,672 | -$531,943 | $6,270,100 | $5,472,858 |
| 10 | $12,095,247 | $52,317 | -$528,933 | $6,128,179 | $5,967,068 |
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.