300 Biscayne Blvd Way Apt 3403

Miami, FL 33131 · condos · For Sale · 232 days on market
Asking price$4,990,000
3 beds 5 baths 3,078 sqft
Suggested offer$2,791,702$2,198,298 above the est. market value of $2,791,702.
View on Realtor.com →
Listed by Roberto Malca · Cervera Real Estate Inc.
Typecondos
Built2024
Price / sqft$1621
Est. value (own analysis)$2,791,702
Rent estimate (own analysis)$16,500/mo
HOA$5,112/mo
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Neighborhood

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Statusfor_sale
Listed date2026-01-13
Removed date
MLSMiamiMLS #A11943765
Coordinates25.77065, -80.18828
Address300 Biscayne Blvd Way Apt 3403
CityMiami
StateFL
Zip33131
Listing ID9300024229
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)

Purchase price$4,990,000
Down payment (20.0%)$998,000
Loan amount$3,992,000
Closing costs (5.0%)$249,500
Total cash to close$1,247,500
Rent (comp-derived)$16,500$198,000
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$198,000
Vacancy rate (assumption) assumption8.0%

$198,000 × 8.0% = $15,840

Effective gross income$15,180$182,160
Property tax (placeholder 1.9% of price)$7,901$94,810
Insurance (placeholder 0.8% of price)$3,327$39,920
HOA dues$5,112$61,344
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$825$9,900
Total operating expenses$17,165$205,974
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$182,160
Total operating expenses derived$205,974

$182,160 − $205,974 = -$23,814

Debt service (6.66%, avg 30yr rate as of 2026-08-27, 30yr amortizing)

Monthly Principal & Interest

Standard amortization on the loan amount, at the effective rate and term

Loan amount derived$3,992,000
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$3,992,000 amortized at 6.7% over 30 years = $25,654/mo

CapEx reserve (5.0% of GSR)$825$9,900
Mortgage insurance (PMI) (0.0% of loan, not required — down payment ≥ 20%)$0$0
Cash flow

Monthly Cash Flow

(NOI − Annual Debt Service − Annual CapEx Reserve − Annual PMI) ÷ 12

NOI derived-$23,814
Annual debt service derived$307,844
Annual CapEx reserve assumption$9,900
Annual PMI assumption$0

(-$23,814 − $307,844 − $9,900 − $0) ÷ 12 = -$28,463

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived-$23,814
Purchase price data$4,990,000

-$23,814 ÷ $4,990,000 = -0.5%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived-$341,558
Total cash to close derived$1,247,500

-$341,558 ÷ $1,247,500 = -27.4%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived-$23,814
Annual debt service derived$307,844

-$23,814 ÷ $307,844 = -0.08

Rent-to-price (1% rule)

Rent-to-Price (the "1% rule")

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$198,000
Purchase price data$4,990,000

($198,000 ÷ 12) ÷ $4,990,000 = 0.3%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$4,990,000
Gross scheduled rent (annual) comp$198,000

$4,990,000 ÷ $198,000 = 25.2

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$205,974
Effective gross income derived$182,160

$205,974 ÷ $182,160 = 113.1%

Break-even occupancy

Break-Even Occupancy

(Total OpEx + Annual Debt Service + Annual PMI) ÷ Gross Scheduled Rent

Total operating expenses derived$205,974
Annual debt service derived$307,844
Annual PMI assumption$0
Gross scheduled rent (annual) comp$198,000

($205,974 + $307,844 + $0) ÷ $198,000 = 259.5%

Comparables

Same ZIP. Real active rental listings, used to derive the rent estimate above.

AddressTypeBedsBathsSqftAsking rentListedDays on market
condos342,422$24,5002026-08-18
condos352,076$16,0002026-07-21
condos342,700$32,5002026-07-21
condos342,591$12,5002026-07-20
condos342,591$13,0002026-07-15
condos332,130$13,7002026-07-14
condos332,097$13,9002026-07-13
condos342,211$16,0002026-07-03
condos342,196$22,5002026-07-01
condos363,214$33,0002026-06-29
condos332,134$6,5002026-07-26
condos342,700$32,5002026-06-01
condos352,418$18,0002026-06-01
condos363,536$35,7002026-05-26
condos342,422$18,5002026-05-22
condos352,742$30,0002026-05-21
condos332,130$12,5002026-05-21
condos342,510$12,2502026-05-09
condos342,025$17,0002026-04-30
condos342,457$14,5002026-04-27
condos352,076$15,2002025-11-26
condos353,310$15,0002026-04-24
condos343,357$19,5002025-11-12
condos363,536$34,0002026-02-13
condos353,078$29,0002026-04-24
condos342,510$11,500
condos343,078$30,000
apartment332,121$8,644

300 Biscayne Boulevard Way Unit 2902E

Miami, 33131 · rent comp

Bedrooms / bathrooms3 bd / 4 ba
Square footage2,422
Listed2026-08-18
Days on market

Asking rent: $24,500

View on Zillow →

1000 Brickell Plz Ph 5503

Miami, 33131 · rent comp

Bedrooms / bathrooms3 bd / 5 ba
Square footage2,076
Listed2026-07-21
Days on market

Asking rent: $16,000

View on Zillow →

1331 Brickell Bay Dr Apt BL48

Miami, 33131 · rent comp

Bedrooms / bathrooms3 bd / 4 ba
Square footage2,700
Listed2026-07-21
Days on market

Asking rent: $32,500

View on Zillow →

901 Brickell Key Blvd Apt 3004

Miami, 33131 · rent comp

Bedrooms / bathrooms3 bd / 4 ba
Square footage2,591
Listed2026-07-20
Days on market

Asking rent: $12,500

View on Zillow →

901 Brickell Key Blvd Apt 2804

Miami, 33131 · rent comp

Bedrooms / bathrooms3 bd / 4 ba
Square footage2,591
Listed2026-07-15
Days on market

Asking rent: $13,000

View on Zillow →

1331 Brickell Bay Dr Apt 4407

Miami, 33131 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage2,130
Listed2026-07-14
Days on market

Asking rent: $13,700

View on Zillow →

495 Brickell Ave Apt 5705

Miami, 33131 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage2,097
Listed2026-07-13
Days on market

Asking rent: $13,900

View on Zillow →

1000 Brickell Plz Ph 5203

Miami, 33131 · rent comp

Bedrooms / bathrooms3 bd / 4 ba
Square footage2,211
Listed2026-07-03
Days on market

Asking rent: $16,000

View on Zillow →

1451 Brickell Ave

Miami, 33131 · rent comp

Bedrooms / bathrooms3 bd / 4 ba
Square footage2,196
Listed2026-07-01
Days on market

Asking rent: $22,500

View on Zillow →

300 Biscayne Blvd Way Apt 5104

Miami, 33131 · rent comp

Bedrooms / bathrooms3 bd / 6 ba
Square footage3,214
Listed2026-06-29
Days on market

Asking rent: $33,000

View on Zillow →

31 SE 6th St Apt 1801

Miami, 33131 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage2,134
Listed2026-07-26
Days on market

Asking rent: $6,500

View on Zillow →

1331 Brickell Bay Dr

Miami, 33131 · rent comp

Bedrooms / bathrooms3 bd / 4 ba
Square footage2,700
Listed2026-06-01
Days on market

Asking rent: $32,500

View on Zillow →

1000 Brickell Plz Ph 5304

Miami, 33131 · rent comp

Bedrooms / bathrooms3 bd / 5 ba
Square footage2,418
Listed2026-06-01
Days on market

Asking rent: $18,000

View on Zillow →

300 Biscayne Blvd Way Apt 3604

Miami, 33131 · rent comp

Bedrooms / bathrooms3 bd / 6 ba
Square footage3,536
Listed2026-05-26
Days on market

Asking rent: $35,700

View on Zillow →

300 Biscayne Blvd Way Apt 1802

Miami, 33131 · rent comp

Bedrooms / bathrooms3 bd / 4 ba
Square footage2,422
Listed2026-05-22
Days on market

Asking rent: $18,500

View on Zillow →

300 Biscayne Boulevard Way

Miami, 33131 · rent comp

Bedrooms / bathrooms3 bd / 5 ba
Square footage2,742
Listed2026-05-21
Days on market

Asking rent: $30,000

View on Zillow →

1331 Brickell Bay Dr Apt 2007

Miami, 33131 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage2,130
Listed2026-05-21
Days on market

Asking rent: $12,500

View on Zillow →

808 Brickell Key Dr Apt 3304

Miami, 33131 · rent comp

Bedrooms / bathrooms3 bd / 4 ba
Square footage2,510
Listed2026-05-09
Days on market

Asking rent: $12,250

View on Zillow →

1000 Brickell Plz Ph 5908

Miami, 33131 · rent comp

Bedrooms / bathrooms3 bd / 4 ba
Square footage2,025
Listed2026-04-30
Days on market

Asking rent: $17,000

View on Zillow →

200 Biscayne Boulevard Way Apt 5001

Miami, 33131 · rent comp

Bedrooms / bathrooms3 bd / 4 ba
Square footage2,457
Listed2026-04-27
Days on market

Asking rent: $14,500

View on Zillow →

1000 Brickell Plz Ph 5103

Miami, 33131 · rent comp

Bedrooms / bathrooms3 bd / 5 ba
Square footage2,076
Listed2025-11-26
Days on market

Asking rent: $15,200

View on Zillow →

888 Brickell Key Dr Apt 2802

Miami, 33131 · rent comp

Bedrooms / bathrooms3 bd / 5 ba
Square footage3,310
Listed2026-04-24
Days on market

Asking rent: $15,000

View on Zillow →

Miami, 33131 · rent comp

Bedrooms / bathrooms3 bd / 4 ba
Square footage3,357
Listed2025-11-12
Days on market

Asking rent: $19,500

View on Zillow →

300 Biscayne Blvd Way Apt 4404

Miami, 33131 · rent comp

Bedrooms / bathrooms3 bd / 6 ba
Square footage3,536
Listed2026-02-13
Days on market

Asking rent: $34,000

View on Zillow →

300 Biscayne Blvd Way Apt 3203

Miami, 33131 · rent comp

Bedrooms / bathrooms3 bd / 5 ba
Square footage3,078
Listed2026-04-24
Days on market

Asking rent: $29,000

View on Zillow →

808 Brickell Key Dr Apt 2504

Miami, 33131 · rent comp

Bedrooms / bathrooms3 bd / 4 ba
Square footage2,510
Listed
Days on market

Asking rent: $11,500

View on Zillow →

300 Biscayne Boulevard Way Apt 2103

Miami, 33131 · rent comp

Bedrooms / bathrooms3 bd / 4 ba
Square footage3,078
Listed
Days on market

Asking rent: $30,000

View on Zillow →

340 SE 3rd St Ph 1

Miami, 33131 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage2,121
Listed
Days on market

Asking rent: $8,644

View on Zillow →

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.

AddressTypeBedsBathsLiving sqftSale priceSale date
901 Brickell Key Blvd Apt 3004condos342,591$2,350,0002026-08-31
1425 Brickell Ave Apt 58Econdos343,357$4,800,0002026-08-31
900 Brickell Key Blvd Apt 1101condos342,065$2,200,0002026-08-25
801 Brickell Key Blvd Apt 2203condos331,659$1,600,0002026-08-14
500 Brickell Ave Apt 4101condos331,494$980,0002026-08-13
701 Brickell Key Blvd Apt 1903condos331,719$1,260,0002026-08-12
1200 Brickell Bay Dr Apt 1924condos321,232$700,0002026-08-10
1080 Brickell Ave Unit 3300condos331,593$1,257,5002026-07-23
495 Brickell Ave Apt 5703condos332,172$2,250,0002026-07-15
1155 Brickell Bay Dr Ph 303condos331,940$1,600,0002026-07-08
808 Brickell Key Dr Apt 2104condos342,510$2,200,0002026-06-23
950 Brickell Bay Dr Apt 5505condos331,926$1,700,0002026-06-16
888 Brickell Key Dr Apt 1903condos332,050$1,475,0002026-06-08
1300 Brickell Bay Dr Apt 3406condos331,308$1,200,0002026-06-08
1300 Brickell Bay Dr Apt 3302condos331,308$1,280,0002026-06-03
300 Biscayne Blvd Way Unit 403Ccondos331,829$2,300,0002026-05-25
701 Brickell Key Blvd Apt 1603condos331,719$1,150,0002026-05-06
1000 Brickell Plz Unit 4410condos341,685$1,930,0002026-04-17
1010 Brickell Ave Unit 4206condos331,442$1,330,0002026-04-06
901 Brickell Key Blvd Apt 906condos331,944$1,650,0002026-03-27
500 Brickell Ave Apt 2901condos331,494$1,100,0002026-03-26
1000 Brickell Plz Ph 6002condos342,342$3,750,0002026-03-10
300 Biscayne Blvd Way Apt 3307condos342,346$2,650,0002026-03-10
1331 Brickell Bay Dr Apt 2807condos332,130$2,025,0002026-03-04
300 Biscayne Blvd Way Apt 3902condos342,442$3,110,0002026-02-27
1155 Brickell Bay Dr Apt 2004condos321,510$842,5002026-02-27
520 Brickell Key Dr Apt A604condos331,624$750,0002026-02-26

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.

AddressTypeBedsBathsSqftAsking priceDays on market
200 Biscayne Boulevard Way Apt 4902condos342,457$2,445,000
465 Brickell Ave Apt 4101condos321,825$4,995,000
68 SE 6th St Apt 1904condos341,641$1,475,000
1000 Brickell Plz Unit 3002condos341,909$2,550,000
1331 Brickell Bay Dr Apt 3607condos332,130$2,375,000
335 S Biscayne Blvd Apt 1209condos321,792$1,490,000
1010 Brickell Ave Unit 4701condos331,753$1,890,000
1200 Brickell Bay Dr Apt 3701condos321,105$1,250,000

10-year hold projection

IRR-8.3%
Equity multiple-0.40x
Total return (10yr)-$1,098,291
YearProperty valueNOICash flowLoan balanceEquity
1$5,139,700-$23,814-$341,558$3,948,718$1,190,982
2$5,293,891-$23,499-$341,490$3,902,463$1,391,428
3$5,452,708-$23,148-$341,393$3,853,033$1,599,675
4$5,616,289-$22,760-$341,266$3,800,207$1,816,082
5$5,784,778-$22,334-$341,106$3,743,755$2,041,023
6$5,958,321-$21,867-$340,912$3,683,425$2,274,896
7$6,137,071-$21,358-$340,683$3,618,953$2,518,118
8$6,321,183-$20,805-$340,417$3,550,053$2,771,130
9$6,510,818-$20,204-$340,111$3,476,422$3,034,396
10$6,706,143-$19,556-$339,764$3,397,735$3,308,408
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.
All figures are estimates for evaluation purposes only, not investment, tax, legal, or insurance advice. Property tax is estimated from a real matched tax bill or millage rate when available, a placeholder % of price otherwise; insurance is scaled by flood and wind risk where those are known and a flat percentage otherwise — never a real quote. Verify all of them, along with association restrictions and permit status, before committing capital. Rent estimates come from real comps or Zillow’s ZIP index, not appraisals.