301 Altara Ave Apt 805
Coral Gables, FL 33146 · condos · For Sale · 187 days on market
Asking price$690,000
1 beds 1 baths 681 sqft
Suggested offer$351,484$338,516 above the est. market value of $351,484.
View on Realtor.com →Listed by Diego Guevara · Brickell Realty Group, LLC
Typecondos
Built2019
Price / sqft$1013
Est. value (own analysis)$351,484
Rent estimate (own analysis)$3,222/mo
HOA$975/mo
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Statusfor_sale
Listed date2026-02-27
Removed date—
MLSMiamiMLS #A11971554
Coordinates25.73363, -80.26164
Address301 Altara Ave Apt 805
CityCoral Gables
StateFL
Zip33146
Listing ID9180318964
Sourceus-real-estate-listings, cached 2026-08-31
ZIP market snapshot (33146)
Typical home value (ZHVI)$1,955,688
Typical rent (ZORI)$3,608/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 | $690,000 |
| Down payment (20.0%) | $138,000 |
| Loan amount | $552,000 |
| Closing costs (5.0%) | $34,500 |
| Total cash to close | $172,500 |
| Income | |
| Rent (comp-derived) | $3,222$38,664 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,964$35,571 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $1,093$13,110 |
| Insurance (placeholder 0.8% of price) | $460$5,520 |
| HOA dues | $975$11,700 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $161$1,933 |
| Total operating expenses | $2,689$32,263 |
| 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) | $161$1,933 |
| 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 |
|---|---|---|---|---|---|---|---|
| apartment | 1 | 1 | 679 | $2,609 | — | — | |
| apartment | 1 | 1 | 835 | $2,890 | — | — | |
| apartment | 1 | 1 | 858 | $3,222 | — | — | |
| apartment | 1 | 1 | 810 | $2,965 | — | — | |
| apartment | 1 | 1 | 721 | $2,901 | — | — | |
| apartment | 1 | 1 | 752 | $2,850 | — | — | |
| apartment | 1 | 1 | 793 | $2,834 | — | — | |
| apartment | 1 | 1 | 778 | $2,941 | — | — | |
| apartment | 1 | 1 | 710 | $3,166 | — | — | |
| apartment | 1 | 1 | 844 | $3,322 | — | — | |
| apartment | 1 | 1 | 806 | $4,701 | — | — | |
| apartment | 1 | 1 | 810 | $2,950 | — | — | |
| apartment | 1 | 1 | 818 | $2,789 | — | — | |
| apartment | 1 | 1 | 778 | $2,875 | — | — | |
| apartment | 1 | 1 | 725 | $2,809 | — | — | |
| apartment | 1 | 1 | 710 | $3,166 | — | — | |
| apartment | 1 | 1 | 785 | $3,958 | — | — | |
| apartment | 1 | 1 | 608 | $3,300 | 2024-12-19 | — | |
| apartment | 1 | 1 | 690 | $1,800 | 2026-04-01 | — | |
| apartment | 1 | 1 | 703 | $4,000 | 2026-08-27 | — | |
| apartment | 1 | 1 | 690 | $1,800 | 2026-08-13 | — | |
| condos | 1 | 1 | 565 | $1,800 | 2026-07-26 | — | |
| condos | 1 | 2 | 898 | $2,250 | 2026-08-21 | — | |
| condos | 1 | 2 | 898 | $2,475 | 2026-06-26 | — | |
| condos | 1 | 1 | 713 | $3,500 | 2026-08-17 | — | |
| condos | 1 | 1 | 605 | $2,698 | 2026-07-29 | — | |
| condos | 1 | 1 | 681 | $3,700 | 2026-08-10 | — | |
| condos | 1 | 1 | 565 | $1,975 | 2026-07-30 | — | |
| condos | 1 | 1 | 778 | $3,700 | 2026-08-06 | — | |
| condos | 1 | 1 | 542 | $3,450 | 2026-06-27 | — | |
| condos | 1 | 1 | 542 | $2,990 | 2026-07-11 | — | |
| condos | 1 | 1 | 522 | $3,200 | 2026-05-29 | — | |
| condos | 1 | 1 | 709 | $3,500 | 2026-07-02 | — | |
| condos | 1 | 1 | 692 | $3,800 | 2026-07-21 | — | |
| condos | 1 | 2 | 898 | $1,999 | 2026-08-06 | — | |
| apartment | 1 | 1 | 680 | $3,545 | — | — | |
| apartment | 1 | 1 | 803 | $5,013 | — | — | |
| apartment | 1 | 1 | 684 | $4,286 | — | — | |
| apartment | 1 | 1 | 810 | $3,552 | — | — | |
| apartment | 1 | 1 | 810 | $3,552 | — | — | |
| apartment | 1 | 1 | 684 | $3,792 | — | — | |
| apartment | 1 | 1 | 785 | $3,615 | — | — | |
| apartment | 1 | 1 | 835 | $3,570 | — | — | |
| apartment | 1 | 1 | 919 | $3,780 | — | — | |
| apartment | 1 | 1 | 919 | $3,768 | — | — | |
| apartment | 1 | 1 | 771 | $3,683 | — | — | |
| apartment | 1 | 1 | 847 | $3,911 | — | — |
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 |
|---|---|---|---|---|---|---|
| 1280 S Alhambra Cir Apt 1105 | condos | 1 | 1 | 620 | $320,000 | 2026-07-10 |
| 1205 Mariposa Ave Apt 102 | condos | 1 | 1 | 801 | $230,000 | 2026-06-26 |
| 301 Altara Ave Apt 201 | condos | 1 | 1 | 688 | $525,000 | 2026-04-20 |
| 301 Altara Ave Apt 608 | condos | 1 | 1 | 706 | $500,000 | 2026-04-13 |
| 301 Altara Ave Unit LPH903 | condos | 1 | 1 | — | $540,000 | 2025-12-22 |
| 6565 Santona St Unit B5 | condos | 1 | 1 | 695 | $243,500 | 2025-12-19 |
| 1235 Mariposa Ave Apt 8 | condos | 1 | 2 | 934 | $262,000 | 2025-11-10 |
| 301 Altara Ave Apt 625 | condos | 1 | 1 | 724 | $525,000 | 2025-09-30 |
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 |
|---|---|---|---|---|---|---|
| 6511 Santona St Unit C18 | condos | 1 | 1 | 565 | $259,000 | — |
| 6511 Santona St Unit C6 | condos | 1 | 1 | 612 | $240,000 | — |
| 1205 Mariposa Ave Apt 403 | condos | 1 | 2 | 896 | $319,000 | — |
| 1205 Mariposa Ave Apt 304 | condos | 1 | 2 | 898 | $327,000 | — |
| 301 Altara Ave Apt 418 | condos | 1 | 1 | 713 | $600,000 | — |
| 4241 Aurora St Unit 708 | condos | 1 | 2 | 895 | $1,264,000 | — |
| 4220 Laguna St Apt 308 | condos | 1 | 1 | 706 | $890,000 | — |
10-year hold projection
IRR-5.9%
Equity multiple0.00x
Total return (10yr)-$81,536
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $710,700 | $3,308 | -$41,193 | $546,015 | $164,685 |
| 2 | $732,021 | $3,568 | -$40,981 | $539,619 | $192,402 |
| 3 | $753,982 | $3,841 | -$40,758 | $532,784 | $221,198 |
| 4 | $776,601 | $4,125 | -$40,524 | $525,480 | $251,121 |
| 5 | $799,899 | $4,423 | -$40,279 | $517,674 | $282,226 |
| 6 | $823,896 | $4,734 | -$40,021 | $509,331 | $314,565 |
| 7 | $848,613 | $5,058 | -$39,751 | $500,416 | $348,197 |
| 8 | $874,071 | $5,397 | -$39,469 | $490,889 | $383,182 |
| 9 | $900,294 | $5,751 | -$39,172 | $480,708 | $419,586 |
| 10 | $927,302 | $6,120 | -$38,862 | $469,827 | $457,475 |
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.