601 23 St NE Unit 2810
Miami, FL 33137 · condos · For Sale · 775 days on market
Asking price$675,000
1 beds 1 baths 492 sqft
Suggested offer$305,340$369,660 above the est. market value of $305,340.
View on Realtor.com →Listed by Zuleyka Hoffman · Nest Seekers International, Miami, Flori
Typecondos
Built2012
Price / sqft$1372
Est. value (own analysis)$305,340
Rent estimate (own analysis)$3,295/mo
HOANone
Wind10/10Extreme$Heat10/10ExtremeFlood9/10extreme$Air2/10MinorWildfire1/10Minimal
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Show every detail
Statusfor_sale
Listed date2024-07-19
Removed date—
MLSNestSeekers #3732245
Coordinates25.79939, -80.18654
Address601 23 St NE Unit 2810
CityMiami
StateFL
Zip33137
Listing ID9395970971
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 | $675,000 |
| Down payment (20.0%) | $135,000 |
| Loan amount | $540,000 |
| Closing costs (5.0%) | $33,750 |
| Total cash to close | $168,750 |
| Income | |
| Rent (comp-derived) | $3,295$39,540 |
| Vacancy loss (8.0%) | |
| Effective gross income | $3,031$36,377 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $1,069$12,825 |
| Insurance (est. scaled by flood & wind risk) | $990$11,880 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $165$1,977 |
| Total operating expenses | $2,224$26,682 |
| 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) | $165$1,977 |
| 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 | 1 | 1 | 500 | $1,975 | 2026-08-21 | — | |
| condos | 1 | 2 | 610 | $3,600 | 2026-08-21 | — | |
| condos | 1 | 1 | 574 | $2,500 | 2026-08-20 | — | |
| condos | 1 | 1 | 598 | $5,400 | 2026-08-18 | — | |
| condos | 1 | 1 | 598 | $3,200 | 2026-08-15 | — | |
| condos | 1 | 1 | 560 | $3,300 | 2026-08-15 | — | |
| condos | 1 | 1 | 588 | $3,350 | 2026-08-14 | — | |
| condos | 1 | 2 | 662 | $3,700 | 2026-08-12 | — | |
| apartment | 1 | 2 | 660 | $2,130 | 2026-08-11 | — | |
| condos | 1 | 2 | 621 | $3,200 | 2026-08-10 | — | |
| condos | 1 | 1 | 593 | $3,500 | 2026-08-10 | — | |
| apartment | 1 | 1 | 600 | $1,995 | 2025-02-25 | — | |
| condos | 1 | 1 | 663 | $2,549 | 2026-07-27 | — | |
| condos | 1 | 1 | 659 | $2,825 | 2026-07-26 | — | |
| condos | 1 | 1 | 598 | $3,800 | 2026-06-18 | — | |
| condos | 1 | 1 | 612 | $3,000 | 2026-07-24 | — | |
| condos | 1 | 2 | 622 | $2,990 | 2026-07-23 | — | |
| condos | 1 | 1 | 598 | $4,100 | 2026-07-23 | — | |
| condos | 1 | 2 | 610 | $3,200 | 2026-07-22 | — | |
| condos | 1 | 1 | 598 | $4,100 | 2026-07-21 | — | |
| apartment | 1 | 1 | 500 | $2,150 | 2026-07-21 | — | |
| condos | 1 | 1 | 622 | $3,300 | 2026-07-21 | — | |
| apartment | 1 | 1 | 600 | $1,995 | 2026-04-29 | — | |
| condos | 1 | 1 | 560 | $2,600 | 2026-07-11 | — | |
| apartment | 1 | 1 | 563 | $1,900 | 2026-07-09 | — | |
| condos | 1 | 2 | 622 | $3,000 | 2026-07-01 | — | |
| condos | 1 | 1 | 598 | $4,950 | 2026-07-01 | — | |
| condos | 1 | 1 | 598 | $4,100 | 2026-06-30 | — | |
| condos | 1 | 2 | 621 | $4,000 | 2026-06-28 | — | |
| condos | 1 | 2 | 610 | $5,500 | 2026-06-22 | — | |
| apartment | 1 | 1 | 550 | $1,750 | 2026-06-22 | — | |
| condos | 1 | 1 | 598 | $4,900 | 2026-06-19 | — | |
| condos | 1 | 1 | 612 | $3,250 | 2026-06-18 | — | |
| condos | 1 | 1 | 598 | $4,300 | 2026-05-20 | — | |
| condos | 1 | 1 | 598 | $3,950 | 2026-09-02 | — | |
| condos | 1 | 2 | 622 | $3,200 | 2026-06-01 | — | |
| condos | 1 | 2 | 610 | $3,000 | 2026-05-28 | — | |
| condos | 1 | 2 | 610 | $3,290 | 2026-05-04 | — | |
| apartment | 1 | 2 | 618 | $3,195 | 2026-04-30 | — | |
| condos | 1 | 1 | 593 | $3,350 | 2026-08-04 | — | |
| condos | 1 | 2 | 622 | $3,300 | 2026-08-04 | — | |
| condos | 1 | 2 | 618 | $3,500 | 2026-08-03 | — | |
| condos | 1 | 2 | 618 | $3,300 | 2026-07-27 | — | |
| apartment | 1 | 1 | 640 | $2,275 | 2024-04-12 | — | |
| condos | 1 | 1 | 464 | $2,380 | 2025-04-28 | — | |
| condos | 1 | 2 | 618 | $3,350 | 2026-08-25 | — | |
| apartment | 1 | 1 | 625 | $2,000 | 2026-04-22 | — | |
| condos | 1 | 2 | 662 | $4,000 | 2026-01-07 | — | |
| condos | 1 | 2 | 610 | $3,600 | 2026-01-22 | — | |
| condos | 1 | 1 | 593 | $4,000 | 2026-01-20 | — | |
| condos | 1 | 2 | 621 | $4,000 | 2023-06-09 | — | |
| condos | 1 | 1 | 621 | $4,500 | 2026-04-10 | — | |
| condos | 1 | 1 | 598 | $5,400 | — | — | |
| condos | 1 | 1 | 500 | $2,100 | 2026-08-26 | — | |
| condos | 1 | 1 | 560 | $2,550 | 2026-08-27 | — | |
| condos | 1 | 2 | 662 | $3,200 | 2026-06-04 | — | |
| condos | 1 | 1 | 598 | $3,200 | — | — | |
| condos | 1 | 2 | 618 | $3,350 | — | — | |
| condos | 1 | 1 | 588 | $3,350 | — | — | |
| condos | 1 | 1 | 664 | $3,100 | — | — | |
| apartment | 1 | 1 | 489 | $3,010 | — | — | |
| apartment | 1 | 1 | 489 | $3,020 | — | — | |
| apartment | 1 | 1 | 610 | $3,500 | — | — | |
| condos | 1 | 2 | 662 | $3,700 | — | — | |
| apartment | 1 | 1 | 650 | $2,771 | — | — | |
| apartment | 1 | 1 | 571 | $2,764 | — | — | |
| apartment | 1 | 1 | 650 | $2,971 | — | — | |
| condos | 1 | 2 | 610 | $5,500 | — | — | |
| condos | 1 | 1 | 598 | $4,150 | — | — | |
| apartment | 1 | 1 | 621 | $3,505 | — | — | |
| apartment | 1 | 1 | 650 | $3,051 | — | — | |
| apartment | 1 | 1 | 652 | $3,870 | — | — |
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 |
|---|---|---|---|---|---|---|
| 3301 NE 1st Ave Apt L0304 | condos | 1 | 2 | 711 | $385,000 | 2026-08-27 |
| 3301 NE 1st Ave Apt M0503 | condos | 1 | 2 | 1,328 | $582,000 | 2026-08-26 |
| 501 NE 31st St Unit 2903 | condos | 1 | 2 | 662 | $440,000 | 2026-08-24 |
| 2900 NE 7th Ave Unit 504 | condos | 1 | 2 | 1,029 | $699,510 | 2026-08-24 |
| 350 NE 24th St Apt 814 | condos | 1 | 1 | 679 | $307,500 | 2026-08-21 |
| 460 NE 28th St Apt 1602 | condos | 1 | 1 | 854 | $530,000 | 2026-08-17 |
| 2001 Biscayne Blvd Apt 2306 | condos | 1 | 1 | 706 | $352,000 | 2026-08-13 |
| 3301 NE 1st Ave Apt H2405 | condos | 1 | 2 | 761 | $363,000 | 2026-08-10 |
| 321 NE 26th St Unit 802 | condos | 1 | 1 | 560 | $336,000 | 2026-08-06 |
| 601 NE 36th St Apt 2908 | condos | 1 | 2 | 761 | $490,000 | 2026-08-03 |
| 3301 NE 1st Ave Apt L0302 | condos | 1 | 2 | 711 | $370,000 | 2026-07-31 |
| 121 NE 34th St Unit 2311 | condos | 1 | 1 | 612 | $430,000 | 2026-07-22 |
| 3470 E Coast Ave Apt H0603 | condos | 1 | 1 | 664 | $299,000 | 2026-07-09 |
| 3470 E Coast Ave Apt H2403 | condos | 1 | 2 | 735 | $435,000 | 2026-07-09 |
| 3900 Biscayne Blvd Unit N1011 | condos | 1 | 1 | 636 | $465,000 | 2026-06-29 |
| 3131 NE 7th Ave Unit 1202 | condos | 1 | 2 | 959 | $785,000 | 2026-06-26 |
| 3131 NE 7th Ave Unit 3402 | condos | 1 | 2 | 959 | $760,000 | 2026-06-26 |
| 700 NE 24th St Unit 2504 | condos | 1 | 2 | 1,028 | $1,100,000 | 2026-06-25 |
| 601 NE 27th St Apt 1003 | condos | 1 | 1 | — | $470,000 | 2026-06-05 |
| 3900 Biscayne Blvd Unit S716 | condos | 1 | 1 | 743 | $510,000 | 2026-06-03 |
| 480 NE 31st St Unit 702 | condos | 1 | 2 | 940 | $655,000 | 2026-06-02 |
| 121 NE 34th St Unit L606 | condos | 1 | 1 | 683 | $428,000 | 2026-06-01 |
| 4250 Biscayne Blvd Apt 1112 | condos | 1 | 1 | 640 | $385,000 | 2026-05-27 |
| 333 NE 24th St Apt 1102 | condos | 1 | 1 | 693 | $390,000 | 2026-05-27 |
| 3301 NE 1st Ave Apt H1108 | condos | 1 | 2 | 861 | $465,000 | 2026-05-21 |
| 725 NE 22nd St Apt 17E | condos | 1 | 1 | 850 | $530,000 | 2026-05-12 |
| 725 NE 22nd St Ph 2B | condos | 1 | 1 | 850 | $560,000 | 2026-05-11 |
| 480 NE 31st St Unit 2102 | condos | 1 | 2 | 940 | $712,000 | 2026-05-08 |
| 700 NE 26th Ter Unit 2004 | condos | 1 | 1 | 680 | $610,000 | 2026-05-01 |
| 700 NE 26th Ter Unit 3104 | condos | 1 | 1 | 680 | $715,000 | 2026-04-30 |
| 121 NE 34th St Unit 1906A | condos | 1 | 1 | 713 | $575,000 | 2026-04-24 |
| 600 NE 36th St Apt 414 | condos | 1 | 2 | 990 | $410,000 | 2026-04-18 |
| 3301 NE 1st Ave Apt H1506 | condos | 1 | 2 | 861 | $437,000 | 2026-04-17 |
| 600 NE 36th St Apt 1220 | condos | 1 | 2 | 757 | $377,000 | 2026-04-15 |
| 501 NE 31st St Unit 2902 | condos | 1 | 2 | 622 | $430,000 | 2026-04-02 |
| 600 NE 36th St Apt 720 | condos | 1 | 2 | 757 | $377,000 | 2026-04-01 |
| 700 NE 24th St Unit 2704 | condos | 1 | 2 | 1,037 | $1,080,000 | 2026-03-31 |
| 444 NE 30th St Unit 1105 | condos | 1 | 1 | 643 | $360,000 | 2026-03-25 |
| 3470 E Coast Ave Apt H0803 | condos | 1 | 2 | 735 | $370,000 | 2026-03-25 |
| 700 NE 26th Ter Unit 1004 | condos | 1 | 1 | 680 | $590,000 | 2026-03-25 |
| 501 NE 31st St Unit 2007 | condos | 1 | 2 | 746 | $460,000 | 2026-03-24 |
| 480 NE 31st St Unit 1002 | condos | 1 | 2 | 940 | $725,000 | 2026-03-23 |
| 3301 NE 1st Ave Apt H1705 | condos | 1 | 2 | 761 | $415,000 | 2026-03-17 |
| 333 NE 24th St Apt 1002 | condos | 1 | 1 | 693 | $380,000 | 2026-03-13 |
| 2000 N Bayshore Dr Apt 625 | condos | 1 | 1 | 792 | $365,000 | 2026-03-03 |
| 3470 E Coast Ave Apt H1610 | condos | 1 | 1 | 697 | $480,000 | 2026-03-02 |
| 2900 NE 7th Ave Unit 1506 | condos | 1 | 2 | 1,014 | $710,000 | 2026-02-27 |
| 725 NE 22nd St Apt 9E | condos | 1 | 1 | 850 | $475,000 | 2026-02-26 |
| 600 NE 36th St Apt 1810 | condos | 1 | 2 | 955 | $375,000 | 2026-02-26 |
| 700 NE 24th St Unit 1104 | condos | 1 | 2 | 1,059 | $960,000 | 2026-02-20 |
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 |
|---|---|---|---|---|---|---|
| 2020 N Bayshore Dr Apt 3804 | condos | 1 | 2 | 1,135 | $885,000 | — |
| 601 NE 23rd St Apt 707 | condos | 1 | 1 | 663 | $350,000 | — |
| 4250 Biscayne Blvd Apt 1009 | condos | 1 | 1 | 733 | $449,500 | — |
| 90 NE 32nd St Unit 306 | condos | 1 | 2 | 786 | $899,000 | — |
| 480 NE 31st St Unit 1802 | condos | 1 | 2 | 940 | $795,000 | — |
| 90 NE 32nd St Unit 805 | condos | 1 | 1 | 598 | $760,000 | — |
| 460 NE 28th St Apt 1102 | condos | 1 | 2 | 973 | $635,000 | — |
| 480 NE 30th St Apt 1102 | condos | 1 | 2 | 828 | $400,000 | — |
10-year hold projection
IRR-3.4%
Equity multiple0.43x
Total return (10yr)-$7,950
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $695,250 | $9,695 | -$33,924 | $534,145 | $161,105 |
| 2 | $716,108 | $10,119 | -$33,550 | $527,888 | $188,219 |
| 3 | $737,591 | $10,559 | -$33,160 | $521,202 | $216,389 |
| 4 | $759,718 | $11,016 | -$32,755 | $514,056 | $245,663 |
| 5 | $782,510 | $11,490 | -$32,334 | $506,419 | $276,091 |
| 6 | $805,985 | $11,982 | -$31,897 | $498,259 | $307,727 |
| 7 | $830,165 | $12,493 | -$31,442 | $489,537 | $340,628 |
| 8 | $855,070 | $13,022 | -$30,970 | $480,217 | $374,853 |
| 9 | $880,722 | $13,572 | -$30,479 | $470,257 | $410,465 |
| 10 | $907,144 | $14,141 | -$29,970 | $459,613 | $447,531 |
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.