700 NE 26th St
Miami, FL 33137 · apartment · For Sale · 814 days on market
Asking price$3,450,000
2 beds 4 baths 2,464 sqft
Suggested offer$1,595,241$1,854,759 above the est. market value of $1,595,241.
View on Realtor.com →Listed by Johnny Mansilla · Nest Seekers International, Midtown
Typeapartment
Built—
Price / sqft$1400
Est. value (own analysis)$1,595,241
Rent estimate (own analysis)$4,800/mo
HOANone
Wind10/10Extreme$Heat10/10ExtremeFlood9/10extreme$Air2/10MinorWildfire1/10Minimal
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Statusfor_sale
Listed date2024-06-10
Removed date—
MLSNestSeekers #3651722
Coordinates25.80157, -80.18601
Address700 NE 26th St
CityMiami
StateFL
Zip33137
Listing ID9159450513
Sourceus-real-estate-listings, cached 2026-08-30
ZIP market snapshot (33137)
Typical home value (ZHVI)$682,165
Typical rent (ZORI)$3,560/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 | $3,450,000 |
| Down payment (20.0%) | $690,000 |
| Loan amount | $2,760,000 |
| Closing costs (5.0%) | $172,500 |
| Total cash to close | $862,500 |
| Income | |
| Rent (comp-derived) | $4,800$57,600 |
| Vacancy loss (8.0%) | |
| Effective gross income | $4,416$52,992 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $5,463$65,550 |
| Insurance (est. scaled by flood & wind risk) | $5,060$60,720 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $240$2,880 |
| Total operating expenses | $10,763$129,150 |
| 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) | $240$2,880 |
| 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 | 1,666 | $8,950 | 2026-08-19 | — | |
| condos | 2 | 3 | 1,673 | $9,500 | 2026-08-11 | — | |
| condos | 2 | 3 | 1,666 | $9,000 | 2026-08-07 | — | |
| apartment | 2 | 1 | 2,312 | $4,000 | 2026-07-17 | — | |
| apartment | 2 | 1 | 1,738 | $1,150 | 2026-07-06 | — | |
| condos | 2 | 3 | 1,870 | $10,000 | 2026-07-01 | — | |
| condos | 2 | 3 | 1,640 | $4,500 | 2026-06-23 | — | |
| apartment | 2 | 2 | 1,786 | $3,500 | 2026-06-11 | — | |
| condos | 2 | 3 | 1,783 | $10,500 | 2026-06-10 | — | |
| apartment | 2 | 1 | 2,008 | $1,950 | 2026-05-23 | — | |
| apartment | 2 | 2 | 2,159 | $3,800 | 2026-07-27 | — | |
| condos | 2 | 3 | 1,640 | $4,800 | 2026-04-24 | — | |
| condos | 2 | 4 | 2,347 | $16,500 | 2025-12-01 | — | |
| condos | 2 | 2 | 1,606 | $8,000 | 2024-07-10 | — | |
| apartment | 2 | 2 | 2,000 | $3,750 | 2026-08-28 | — |
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 |
|---|---|---|---|---|---|---|
| 700 NE 24th St Unit 2206 | condos | 2 | 3 | 1,738 | $1,535,000 | 2026-08-31 |
| 2020 N Bayshore Dr Unit 103 | condos | 2 | 2 | 1,637 | $823,000 | 2026-08-31 |
| 700 NE 24th St Unit 1806 | condos | 2 | 3 | 1,545 | $1,540,000 | 2026-08-31 |
| 665 NE 25th St Apt 802 | condos | 2 | 3 | 1,331 | $770,000 | 2026-08-24 |
| 481 NE 29th St Unit 604 | condos | 2 | 2 | 837 | $450,000 | 2026-08-18 |
| 350 NE 24th St Apt 1109 | condos | 2 | 2 | 1,020 | $465,000 | 2026-08-14 |
| 501 NE 31st St Unit 1709 | condos | 2 | 2 | 944 | $540,000 | 2026-08-14 |
| 700 NE 25th St Apt 2002 | condos | 2 | 2 | 1,234 | $707,500 | 2026-08-12 |
| 3470 E Coast Ave Apt H1714 | condos | 2 | 3 | 1,088 | $650,000 | 2026-08-10 |
| 2200 NE 4th Ave Apt 1002 | condos | 2 | 2 | 950 | $397,000 | 2026-08-07 |
| 700 NE 25th St Apt 1003 | condos | 2 | 2 | 1,382 | $700,000 | 2026-08-06 |
| 460 NE 28th St Apt 2405 | condos | 2 | 2 | 1,143 | $740,000 | 2026-07-31 |
| 2900 NE 7th Ave Unit 906 | condos | 2 | 2 | 912 | $740,000 | 2026-07-30 |
| 2020 N Bayshore Dr Apt 1204 | condos | 2 | 2 | 1,135 | $880,000 | 2026-07-27 |
| 3131 NE 7th Ave Unit 3605 | condos | 2 | 2 | 1,088 | $1,133,000 | 2026-07-23 |
| 480 NE 31st St Unit 3404 | condos | 2 | 3 | 1,186 | $930,000 | 2026-07-13 |
| 3451 NE 1st Ave Apt M0706 | condos | 2 | 2 | 1,072 | $615,000 | 2026-07-13 |
| 700 NE 24th St Unit 3606 | condos | 2 | 3 | — | $1,525,000 | 2026-07-10 |
| 601 NE 27th St Apt 1202 | condos | 2 | 2 | 1,226 | $625,000 | 2026-07-08 |
| 2275 Biscayne Blvd Apt 504 | condos | 2 | 2 | 1,265 | $400,000 | 2026-07-08 |
| 700 NE 24th St Unit 2402 | condos | 2 | 3 | 1,542 | $1,490,000 | 2026-07-06 |
| 700 NE 26th Ter Unit 2205 | condos | 2 | 2 | 955 | $995,000 | 2026-07-06 |
| 3470 E Coast Ave Apt H0704 | condos | 2 | 2 | 1,242 | $730,000 | 2026-07-02 |
| 121 NE 34th St Unit 1416 | condos | 2 | 2 | 864 | $585,000 | 2026-07-01 |
| 2000 N Bayshore Dr Apt 307 | condos | 2 | 2 | 988 | $395,000 | 2026-06-29 |
| 2900 NE 7th Ave Unit 3701 | condos | 2 | 3 | 1,060 | $800,000 | 2026-06-26 |
| 700 NE 24th St Unit 706 | condos | 2 | 3 | 1,545 | $1,470,000 | 2026-06-25 |
| 321 NE 26th St Unit 701 | condos | 2 | 2 | 821 | $455,000 | 2026-06-24 |
| 121 NE 34th St Unit 2816 | condos | 2 | 2 | 864 | $600,000 | 2026-06-22 |
| 350 NE 24th St Apt 1007 | condos | 2 | 2 | 948 | $450,000 | 2026-06-16 |
| 3301 NE 1st Ave Apt H1402 | condos | 2 | 2 | 1,263 | $695,000 | 2026-06-10 |
| 2900 NE 7th Ave Unit 3904 | condos | 2 | 3 | 1,162 | $1,232,000 | 2026-06-02 |
| 700 NE 24th St Unit 2306 | condos | 2 | 3 | 1,545 | $1,450,000 | 2026-06-01 |
| 700 NE 24th St Unit 1802 | condos | 2 | 3 | 1,571 | $1,080,000 | 2026-05-29 |
| 650 NE 32nd St Unit 2703 | condos | 2 | 3 | 1,198 | $870,000 | 2026-05-29 |
| 2900 NE 7th Ave Unit 3606 | condos | 2 | 2 | 912 | $730,000 | 2026-05-21 |
| 2020 N Bayshore Dr Apt 1205 | condos | 2 | 2 | 1,147 | $865,000 | 2026-05-18 |
| 3250 NE 1st Ave Apt 1115 | condos | 2 | 2 | 1,746 | $880,000 | 2026-05-14 |
| 700 NE 24th St Unit 4402 | condos | 2 | 3 | 1,542 | $1,470,000 | 2026-05-13 |
| 460 NE 28th St Apt 3904 | condos | 2 | 2 | 1,104 | $720,000 | 2026-05-11 |
| 480 NE 31st St Unit 3104 | condos | 2 | 3 | 1,186 | $1,000,000 | 2026-05-11 |
| 3470 E Coast Ave Apt H2710 | condos | 2 | 3 | 1,088 | $639,600 | 2026-05-07 |
| 665 NE 25th St Apt 1201 | condos | 2 | 3 | 1,508 | $675,000 | 2026-05-01 |
| 2900 NE 7th Ave Unit 1705 | condos | 2 | 3 | 1,223 | $975,000 | 2026-04-30 |
| 2000 N Bayshore Dr Apt 907 | condos | 2 | 2 | 984 | $390,000 | 2026-04-30 |
| 3250 NE 1st Ave Apt 516 | condos | 2 | 2 | 1,190 | $675,000 | 2026-04-30 |
| 3470 E Coast Ave Apt H0913 | condos | 2 | 3 | 1,090 | $579,900 | 2026-04-28 |
| 700 NE 26th Ter Unit 902 | condos | 2 | 4 | 2,348 | $2,230,000 | 2026-04-21 |
| 3470 E Coast Ave Apt H0402 | condos | 2 | 3 | 1,088 | $584,000 | 2026-04-17 |
| 2020 N Bayshore Dr Apt 3506 | condos | 2 | 3 | 1,666 | $1,565,000 | 2026-04-10 |
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 |
|---|---|---|---|---|---|---|
| 601 NE 36th St Apt 2707 | condos | 2 | 3 | 1,158 | $575,000 | — |
| 600 NE 36th St Apt 706 | condos | 2 | 2 | 990 | $475,000 | — |
| 3470 E Coast Ave Apt H0302 | condos | 2 | 3 | 1,088 | $662,000 | — |
| 456 NE 29th St Unit 2403 | condos | 2 | 3 | 1,472 | $1,605,000 | — |
| 456 NE 29th St Unit 1505 | condos | 2 | 2 | 1,231 | $1,285,000 | — |
| 501 NE 31st St Unit 608 | condos | 2 | 2 | 1,084 | $647,900 | — |
| 460 NE 28th St Apt 601 | condos | 2 | 2 | 1,311 | $925,000 | — |
| 725 NE 22nd St Ph 2A | condos | 2 | 2 | 1,400 | $1,150,000 | — |
10-year hold projection
IRR-12.5%
Equity multiple-1.15x
Total return (10yr)-$1,402,693
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $3,553,500 | -$76,158 | -$291,876 | $2,730,076 | $823,424 |
| 2 | $3,660,105 | -$77,797 | -$293,587 | $2,698,096 | $962,009 |
| 3 | $3,769,908 | -$79,469 | -$295,333 | $2,663,921 | $1,105,988 |
| 4 | $3,883,005 | -$81,175 | -$297,114 | $2,627,398 | $1,255,607 |
| 5 | $3,999,496 | -$82,914 | -$298,931 | $2,588,368 | $1,411,128 |
| 6 | $4,119,480 | -$84,689 | -$300,786 | $2,546,657 | $1,572,823 |
| 7 | $4,243,065 | -$86,499 | -$302,677 | $2,502,082 | $1,740,983 |
| 8 | $4,370,357 | -$88,345 | -$304,607 | $2,454,446 | $1,915,911 |
| 9 | $4,501,467 | -$90,228 | -$306,575 | $2,403,539 | $2,097,928 |
| 10 | $4,636,512 | -$92,148 | -$308,583 | $2,349,136 | $2,287,376 |
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.