1301 Milan Ave Apt 3
Coral Gables, FL 33134 · condo_townhome_rowhome_coop · For Sale · 104 days on market
Asking price$3,200,000
5 beds 5 baths 483 sqft
Suggested offer$235,037$2,964,963 above the est. market value of $235,037.
View on Realtor.com →Listed by Kelly Belem Pereira · Keller Williams Capital Realty
Typecondo_townhome_rowhome_coop
Built1929
Price / sqft$6625
Est. value (own analysis)$235,037
Rent estimate (Zillow ZIP avg)$3,095/mo
HOA$100/mo
Wind10/10Extreme$Heat10/10ExtremeAir2/10MinorFlood1/10minimal$Wildfire1/10Minimal
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Statusfor_sale
Listed date2026-05-21
Removed date—
MLSMiamiMLS #A12016487
Coordinates25.75697, -80.28219
Address1301 Milan Ave Apt 3
CityCoral Gables
StateFL
Zip33134
Listing ID9261132620
Sourceus-real-estate-listings, cached 2026-08-30
ZIP market snapshot (33134)
Typical home value (ZHVI)$887,965
Typical rent (ZORI)$3,095/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 | $3,200,000 |
| Down payment (20.0%) | $640,000 |
| Loan amount | $2,560,000 |
| Closing costs (5.0%) | $160,000 |
| Total cash to close | $800,000 |
| Income | |
| Rent (ZIP avg, ZORI — not bedroom-specific) | $3,095$37,137 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,847$34,166 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $5,067$60,800 |
| Insurance (est. scaled by flood & wind risk) | $3,200$38,400 |
| HOA dues | $100$1,200 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $155$1,857 |
| Total operating expenses | $8,521$102,257 |
| 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) | $155$1,857 |
| 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.
No active rental listings cached yet for this bedroom count.
Widened to any bedroom count in ZIP. 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 Biltmore Way Apt 1009 | condos | 1 | 1 | 890 | $400,000 | 2026-08-28 |
| 441 Valencia Ave Apt 1201 | condos | 3 | 4 | 1,713 | $1,275,000 | 2026-08-26 |
| 1300 Ponce De Leon Blvd Apt 815 | condos | 2 | 2 | 1,111 | $775,000 | 2026-08-26 |
| 318 Majorca Ave Apt 208 | condo | 2 | 1 | 628 | $240,000 | 2026-08-18 |
| 3881 W Flagler St Apt 318 | condos | 2 | 1 | 707 | $201,851 | 2026-08-12 |
| 55 Merrick Way Apt 831 | condos | 3 | 2 | 1,553 | $915,000 | 2026-08-10 |
| 1650 Galiano St Apt TH15 | condos | 2 | 3 | 1,792 | $1,000,000 | 2026-08-07 |
| 650 Valencia Ave Unit 302 | condos | 3 | 3 | 2,365 | $1,510,000 | 2026-08-06 |
| 357 Almeria Ave Apt 507 | condo | 2 | 2 | 1,023 | $609,900 | 2026-08-06 |
| 55 Merrick Way Apt 812 | condos | 3 | 3 | 1,611 | $975,000 | 2026-08-03 |
| 100 Andalusia Ave Apt 410 | condos | 1 | 2 | 929 | $506,000 | 2026-07-31 |
| 1110 Salzedo St Apt 2C | condos | 2 | 2 | 969 | $350,000 | 2026-07-31 |
| 700 Biltmore Way Apt 314 | condos | 0 | 1 | 450 | $215,000 | 2026-07-30 |
| 49 Majorca Ave Apt 203 | condo | 2 | 2 | 1,170 | $535,000 | 2026-07-27 |
| 888 S Douglas Rd Apt 1210 | condo | 2 | 2 | 1,152 | $505,000 | 2026-07-23 |
| 600 Biltmore Way Apt 318 | condo | 2 | 2 | 1,423 | $600,000 | 2026-07-17 |
| 626 Coral Way Apt 503 | condos | 3 | 2 | 1,531 | $1,175,000 | 2026-07-17 |
| 235 Antilla Ave Apt 7 | condos | 2 | 3 | 1,015 | $405,000 | 2026-07-15 |
| 322 Madeira Ave Apt 503 | condo | 2 | 2 | 1,195 | $520,000 | 2026-07-15 |
| 911 E Ponce De Leon Blvd Apt 1504 | condo | 2 | 2 | 960 | $458,000 | 2026-07-15 |
| 124 Mendoza Ave Apt 6 | condos | 0 | 1 | 351 | $200,000 | 2026-07-10 |
| 1805 Ponce De Leon Blvd Apt 730 | condos | 1 | 1 | 697 | $412,000 | 2026-07-07 |
| 261 Navarre Ave # B1 | condo | 3 | 2 | 1,520 | $1,097,000 | 2026-07-07 |
| 1300 Ponce De Leon Blvd Apt 603 | condos | 2 | 3 | 1,108 | $719,000 | 2026-07-07 |
| 357 Almeria Ave Apt 1106 | condos | 2 | 2 | 932 | $533,000 | 2026-07-02 |
| 671 Biltmore Way Apt 502 | condo | 2 | 2 | 1,549 | $710,000 | 2026-07-02 |
| 234 Antiquera Ave Apt 3 | condos | 2 | 2 | 1,080 | $150,000 | 2026-07-01 |
| 126 Mendoza Ave Apt 5 | condos | 0 | 1 | 351 | $165,000 | 2026-07-01 |
| 700 Coral Way Apt 5 | condos | 3 | 3 | 3,200 | $1,950,000 | 2026-06-30 |
| 1805 Ponce De Leon Blvd Apt 823 | condos | 1 | 1 | 779 | $420,000 | 2026-06-30 |
| 700 Biltmore Way Apt 216 | condos | 0 | 1 | 440 | $218,000 | 2026-06-30 |
| 55 Merrick Way Apt 507 | condo | 1 | 1 | 784 | $460,000 | 2026-06-26 |
| 888 S Douglas Rd Apt 1203 | condos | 2 | 2 | 1,126 | $485,000 | 2026-06-25 |
| 357 Almeria Ave Apt 1006 | condos | 2 | 2 | 932 | $510,808 | 2026-06-24 |
| 411 Anastasia Ave Apt 303 | condos | 2 | 2 | 986 | $450,000 | 2026-06-24 |
| 600 Biltmore Way Apt 217 | condos | 2 | 2 | 1,129 | $530,000 | 2026-06-22 |
| 721 Biltmore Way Apt 101 | condo | 1 | 1 | 948 | $550,000 | 2026-06-18 |
| 888 S Douglas Rd Ph 7 | condo | 2 | 2 | 1,010 | $470,000 | 2026-06-17 |
| 1 Alhambra Cir Apt 403 | condos | 2 | 2 | 1,030 | $460,000 | 2026-06-17 |
| 441 Valencia Ave Apt 302 | condos | 2 | 3 | 1,142 | $545,000 | 2026-06-16 |
| 5271 SW 8th St Apt 212 | condos | 2 | 2 | 970 | $330,000 | 2026-06-12 |
| 888 S Douglas Rd Apt 404 | condos | 3 | 2 | 1,351 | $606,000 | 2026-06-11 |
| 700 Biltmore Way Apt 909 | condo | 1 | 1 | 890 | $386,400 | 2026-06-11 |
| 650 Coral Way Apt 202 | condo | 1 | 1 | 828 | $333,000 | 2026-06-10 |
| 11 SW 52nd Ave Apt 7A | condos | 1 | 1 | 531 | $190,000 | 2026-06-09 |
| 55 Merrick Way Apt 505 | condos | 1 | 1 | 790 | $433,000 | 2026-06-03 |
| 100 Andalusia Ave Apt 301 | condos | 2 | 3 | 1,246 | $750,000 | 2026-06-01 |
| 100 Andalusia Ave Apt 408 | condos | 2 | 3 | 1,218 | $839,000 | 2026-06-01 |
| 600 Biltmore Way Apt 718 | condos | 2 | 3 | 1,423 | $768,000 | 2026-06-01 |
| 318 Majorca Ave Apt 203 | condo | 1 | 1 | 408 | $205,000 | 2026-06-01 |
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 |
|---|---|---|---|---|---|---|
| 619 SW 39th Ave | single_family | 5 | 4 | 2,115 | $749,999 | — |
| 3969 SW 2nd St | single_family | 5 | 4 | 2,700 | $799,999 | — |
| 650 SW 44th Ct | multi_family | 5 | 4 | 2,073 | $1,600,000 | — |
| 5152 SW 6th St | single_family | 5 | 4 | 1,765 | $1,085,000 | — |
| 1140 Asturia Ave | single_family | 5 | 5 | 3,386 | $4,200,000 | — |
| 1202 Granada Blvd | single_family | 5 | 3 | 2,855 | $2,995,000 | — |
| 730 Zamora Ave | single_family | 5 | 6 | 4,299 | $5,700,000 | — |
| 1704 S Le Jeune Rd | multi_family | 5 | 4 | 2,183 | $1,295,000 | — |
10-year hold projection
IRR-12.3%
Equity multiple-1.11x
Total return (10yr)-$1,267,273
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $3,296,000 | -$68,091 | -$267,362 | $2,532,244 | $763,756 |
| 2 | $3,394,880 | -$69,622 | -$268,940 | $2,502,582 | $892,298 |
| 3 | $3,496,726 | -$71,187 | -$270,552 | $2,470,883 | $1,025,844 |
| 4 | $3,601,628 | -$72,785 | -$272,200 | $2,437,007 | $1,164,621 |
| 5 | $3,709,677 | -$74,418 | -$273,883 | $2,400,805 | $1,308,872 |
| 6 | $3,820,967 | -$76,086 | -$275,602 | $2,362,116 | $1,458,851 |
| 7 | $3,935,596 | -$77,790 | -$277,359 | $2,320,772 | $1,614,825 |
| 8 | $4,053,664 | -$79,531 | -$279,153 | $2,276,587 | $1,777,077 |
| 9 | $4,175,274 | -$81,309 | -$280,987 | $2,229,369 | $1,945,905 |
| 10 | $4,300,532 | -$83,125 | -$282,859 | $2,178,908 | $2,121,624 |
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.