456 NE 29th St Unit 3402
Miami, FL 33137 · condos · For Sale · 168 days on market
Asking price$3,595,000
4 beds 5 baths 2,763 sqft
Suggested offer$2,832,296$762,704 above the est. market value of $2,832,296.
View on Realtor.com →Listed by John Schiliro · Douglas Elliman - Coconut Grove
Typecondos
Built2028
Price / sqft$1301
Est. value (own analysis)$2,832,296
Rent estimate (own analysis)$18,750/mo
HOA$3,547/mo
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Statusfor_sale
Listed date2026-03-18
Removed date—
MLSMiamiMLS #A11974738
Coordinates25.80412, -80.18710
Address456 NE 29th St Unit 3402
CityMiami
StateFL
Zip33137
Listing ID9306295967
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 | $3,595,000 |
| Down payment (20.0%) | $719,000 |
| Loan amount | $2,876,000 |
| Closing costs (5.0%) | $179,750 |
| Total cash to close | $898,750 |
| Income | |
| Rent (comp-derived) | $18,750$225,000 |
| Vacancy loss (8.0%) | |
| Effective gross income | $17,250$207,000 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $5,692$68,305 |
| Insurance (placeholder 0.8% of price) | $2,397$28,760 |
| HOA dues | $3,547$42,564 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $938$11,250 |
| Total operating expenses | $12,573$150,879 |
| 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) | $938$11,250 |
| 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 | 4 | 6 | 2,582 | $18,000 | 2026-08-14 | — | |
| condos | 4 | 5 | 2,743 | $22,500 | 2026-08-14 | — | |
| condos | 4 | 6 | 2,216 | $15,900 | 2026-08-14 | — | |
| condos | 4 | 4 | 2,007 | $12,750 | 2026-08-13 | — | |
| condos | 4 | 4 | 1,841 | $11,000 | 2026-08-12 | — | |
| condos | 4 | 5 | 1,871 | $11,500 | 2026-08-11 | — | |
| condos | 4 | 6 | 2,694 | $45,000 | 2026-08-10 | — | |
| condos | 4 | 6 | 2,686 | $22,000 | 2026-08-07 | — | |
| condos | 4 | 5 | 2,232 | $12,000 | 2026-07-17 | — | |
| condos | 4 | 6 | 3,189 | $26,800 | 2026-07-16 | — | |
| condos | 4 | 6 | 2,663 | $17,500 | 2026-07-09 | — | |
| condos | 4 | 5 | 2,586 | $23,500 | 2026-07-07 | — | |
| condos | 4 | 4 | 2,201 | $11,500 | 2026-06-09 | — | |
| condos | 4 | 5 | 2,368 | $25,500 | 2026-05-20 | — | |
| condos | 4 | 5 | 2,845 | $19,500 | 2026-08-23 | — | |
| condos | 4 | 5 | 1,871 | $11,000 | 2026-08-25 | — | |
| condos | 4 | 6 | 2,582 | $14,000 | 2026-08-25 | — | |
| condos | 4 | 6 | 2,663 | $19,500 | 2026-04-11 | — | |
| condos | 4 | 4 | 1,977 | $18,000 | 2026-01-27 | — | |
| condos | 4 | 6 | 2,530 | $29,995 | 2026-01-16 | — | |
| condos | 4 | 4 | 3,179 | $12,000 | 2026-03-17 | — | |
| condos | 4 | 5 | 2,232 | $12,000 | — | — | |
| apartment | 4 | 5 | 3,341 | $21,500 | — | — | |
| condos | 4 | 6 | 3,189 | $23,000 | — | — | |
| condos | 4 | 6 | 2,582 | $20,000 | 2026-02-28 | — | |
| condos | 4 | 5 | 2,648 | $25,000 | — | — | |
| condos | 4 | 5 | 1,871 | $13,500 | 2026-09-02 | — | |
| condos | 4 | 6 | 2,216 | $23,000 | 2026-09-01 | — |
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 3201 | condos | 4 | 6 | 2,686 | $2,800,000 | 2026-07-30 |
| 700 NE 24th St Unit 4801 | condos | 4 | 6 | 2,686 | $2,750,000 | 2026-07-14 |
| 700 NE 24th St Unit 4401 | condos | 4 | 6 | 2,663 | $2,550,000 | 2026-06-11 |
| 700 NE 24th St Unit 4802 | condos | 4 | 6 | 3,189 | $3,850,000 | 2026-05-29 |
| 700 NE 26th Ter Unit 4203 | condos | 4 | 6 | 3,788 | $4,000,000 | 2026-05-27 |
| 700 NE 24th St Unit 3801 | condos | 4 | 6 | 2,582 | $2,650,000 | 2026-05-15 |
| 788 NE 23rd St Unit 2001 | condos | 4 | 5 | — | $2,720,000 | 2026-05-08 |
| 700 NE 26th Ter Unit TH403 | condos | 4 | 7 | 4,401 | $4,100,000 | 2026-05-08 |
| 788 NE 23rd St Unit 5502 | condos | 4 | 5 | 3,492 | $4,000,000 | 2026-05-08 |
| 700 NE 24th St Unit 1101 | condos | 4 | 6 | 2,686 | $2,400,000 | 2026-04-14 |
| 788 NE 23rd St Unit 3301 | condos | 4 | 6 | 3,298 | $3,600,000 | 2026-03-26 |
| 700 NE 24th St Unit 2501 | condos | 4 | 6 | 2,686 | $2,575,000 | 2026-03-26 |
| 700 NE 24th St Unit 5207 | condos | 4 | 6 | 2,520 | $3,000,000 | 2026-03-20 |
| 700 NE 26th Ter Unit 3903 | condos | 4 | 6 | 3,796 | $3,900,000 | 2026-03-18 |
| 788 NE 23rd St Unit 1001 | condos | 4 | 5 | 2,743 | $2,800,000 | 2026-03-18 |
| 700 NE 24th St Unit 2301 | condos | 4 | 6 | 2,686 | $2,450,000 | 2026-03-04 |
| 700 NE 24th St Unit 5903 | condos | 4 | 6 | 2,895 | $3,980,000 | 2026-03-03 |
| 700 NE 24th St Unit 2101 | condos | 4 | 6 | 2,686 | $2,475,000 | 2026-02-06 |
| 700 NE 24th St Unit 1401 | condos | 4 | 6 | 2,978 | $2,400,000 | 2026-01-29 |
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 |
|---|---|---|---|---|---|---|
| 121 NE 34th St Ph 3217 | condos | 4 | 5 | 2,866 | $2,499,000 | — |
| 725 NE 24th St Unit 301 | condos | 4 | 6 | — | $2,498,900 | — |
| 480 NE 31st St Unit 5104 | condos | 4 | 5 | 2,792 | $3,295,000 | — |
| 456 NE 29th ST | condo | 4 | 4 | 3,063 | $3,554,000 | — |
| 480 NE 31st St Unit 5303 | condos | 4 | 5 | 2,418 | $2,999,990 | — |
| 621 NE 57th St | single_family | 4 | 4 | 2,633 | $2,000,000 | — |
| 700 NE 26th Ter Unit 4403 | condos | 4 | 6 | 3,788 | $4,988,888 | — |
| 725 NE 24th Street Miami, FL 33137 | condo | 4 | 5 | 2,880 | $2,836,900 | — |
10-year hold projection
IRR-3.1%
Equity multiple0.48x
Total return (10yr)$3,308
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $3,702,850 | $56,121 | -$176,912 | $2,844,818 | $858,032 |
| 2 | $3,813,936 | $58,559 | -$174,756 | $2,811,494 | $1,002,441 |
| 3 | $3,928,354 | $61,089 | -$172,514 | $2,775,882 | $1,152,471 |
| 4 | $4,046,204 | $63,714 | -$170,184 | $2,737,825 | $1,308,379 |
| 5 | $4,167,590 | $66,438 | -$167,763 | $2,697,154 | $1,470,436 |
| 6 | $4,292,618 | $69,264 | -$165,248 | $2,653,690 | $1,638,928 |
| 7 | $4,421,397 | $72,195 | -$162,635 | $2,607,242 | $1,814,155 |
| 8 | $4,554,038 | $75,236 | -$159,920 | $2,557,604 | $1,996,435 |
| 9 | $4,690,660 | $78,390 | -$157,100 | $2,504,557 | $2,186,103 |
| 10 | $4,831,379 | $81,661 | -$154,172 | $2,447,867 | $2,383,512 |
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.