300 Biscayne Blvd Way Apt 3201
Miami, FL 33131 · condos · For Sale · 721 days on market
Asking price$7,590,000
5 beds 6 baths 3,994 sqft
Suggested offer$4,372,807$3,217,193 above the est. market value of $4,372,807.
View on Realtor.com →Listed by Daniella Villati · Miami Royal Realty, LLC.
Typecondos
Built2024
Price / sqft$1900
Est. value (own analysis)$4,372,807
Rent estimate (own analysis)$34,725/mo
HOA$6,852/mo
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Statusfor_sale
Listed date2024-09-11
Removed date—
MLSMiamiMLS #A11655863
Coordinates25.77065, -80.18828
Address300 Biscayne Blvd Way Apt 3201
CityMiami
StateFL
Zip33131
Listing ID9106072979
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 | $7,590,000 |
| Down payment (20.0%) | $1,518,000 |
| Loan amount | $6,072,000 |
| Closing costs (5.0%) | $379,500 |
| Total cash to close | $1,897,500 |
| 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) | $12,018$144,210 |
| Insurance (placeholder 0.8% of price) | $5,060$60,720 |
| HOA dues | $6,852$82,224 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $1,736$20,835 |
| Total operating expenses | $25,666$307,989 |
| 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 4602 | condos | 5 | 6 | 4,434 | $9,000,000 | — |
| 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 | — |
| 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-4.6%
Equity multiple0.24x
Total return (10yr)-$457,311
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $7,817,700 | $75,375 | -$413,704 | $6,006,166 | $1,811,534 |
| 2 | $8,052,231 | $79,176 | -$410,423 | $5,935,811 | $2,116,420 |
| 3 | $8,293,798 | $83,130 | -$407,004 | $5,860,625 | $2,433,173 |
| 4 | $8,542,612 | $87,242 | -$403,439 | $5,780,275 | $2,762,336 |
| 5 | $8,798,890 | $91,517 | -$399,724 | $5,694,408 | $3,104,482 |
| 6 | $9,062,857 | $95,963 | -$395,854 | $5,602,645 | $3,460,212 |
| 7 | $9,334,743 | $100,584 | -$391,822 | $5,504,580 | $3,830,163 |
| 8 | $9,614,785 | $105,387 | -$387,623 | $5,399,780 | $4,215,005 |
| 9 | $9,903,228 | $110,379 | -$383,250 | $5,287,784 | $4,615,444 |
| 10 | $10,200,325 | $115,567 | -$378,697 | $5,168,097 | $5,032,228 |
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.