300 Biscayne Blvd Way Apt 1704
Miami, FL 33131 · condos · For Sale · 104 days on market
Asking price$4,950,000
4 beds 6 baths 3,225 sqft
Suggested offer$3,792,084$1,157,916 above the est. market value of $3,792,084.
View on Realtor.com →Listed by Carolina Lara · ONE Sotheby's International Realty
Typecondos
Built2024
Price / sqft$1535
Est. value (own analysis)$3,792,084
Rent estimate (own analysis)$25,000/mo
HOA$6,013/mo
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Statusfor_sale
Listed date2026-05-21
Removed date—
MLSMiamiMLS #A12023490
Coordinates25.77065, -80.18828
Address300 Biscayne Blvd Way Apt 1704
CityMiami
StateFL
Zip33131
Listing ID9656586467
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)
| Acquisition (one-time, not monthly/yearly) | |
| Purchase price | $4,950,000 |
| Down payment (20.0%) | $990,000 |
| Loan amount | $3,960,000 |
| Closing costs (5.0%) | $247,500 |
| Total cash to close | $1,237,500 |
| Income | |
| Rent (comp-derived) | $25,000$300,000 |
| Vacancy loss (8.0%) | |
| Effective gross income | $23,000$276,000 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $7,838$94,050 |
| Insurance (placeholder 0.8% of price) | $3,300$39,600 |
| HOA dues | $6,013$72,156 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $1,250$15,000 |
| Total operating expenses | $18,401$220,806 |
| 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) | $1,250$15,000 |
| 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 | 4 | 2,391 | $24,000 | 2026-08-17 | — | |
| condos | 4 | 5 | 3,860 | $29,000 | 2026-08-11 | — | |
| condos | 4 | 5 | 3,860 | $29,000 | 2026-08-07 | — | |
| condos | 4 | 3 | 2,646 | $10,000 | 2026-07-20 | — | |
| condos | 4 | 4 | 2,365 | $13,800 | 2026-07-10 | — | |
| condos | 4 | 6 | 3,536 | $34,000 | 2026-07-09 | — | |
| condos | 4 | 6 | 3,601 | $45,000 | 2026-06-03 | — | |
| condos | 4 | 6 | 3,536 | $25,000 | 2026-05-18 | — | |
| condos | 4 | 5 | 3,657 | $32,000 | 2026-05-07 | — | |
| condos | 4 | 6 | 3,536 | $23,000 | 2026-03-26 | — | |
| condos | 4 | 5 | 3,415 | $20,000 | 2026-02-25 | — |
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 |
|---|---|---|---|---|---|---|
| 300 Biscayne Boulevard Way Unit 1101E | condos | 4 | 5 | 3,643 | $4,650,000 | 2026-06-17 |
| 300 N Biscayne Boulevard Way Unit 4104C | condos | 4 | 6 | 3,214 | $4,387,500 | 2026-05-19 |
| 1331 Brickell Bay Dr Apt 4201 | condos | 4 | 5 | 3,415 | $3,672,000 | 2026-04-17 |
| 200 Biscayne Boulevard Way Apt 5402 | condos | 4 | 6 | 4,310 | $4,190,500 | 2026-02-26 |
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.
| Address | Type | Beds | Baths | Sqft | Asking price | Days on market |
|---|---|---|---|---|---|---|
| 825 Brickell Bay Dr Apt 1151 | condos | 4 | 3 | 1,980 | $750,000 | — |
| 1425 Brickell Ave Apt 42E | condos | 4 | 4 | 3,357 | $5,000,000 | — |
| 901 Brickell Key Blvd Apt 2408 | condos | 4 | 5 | 2,860 | $3,995,000 | — |
| 300 Biscayne Blvd Way Unit 1904C | condos | 4 | 6 | 3,536 | $4,995,000 | — |
| 1430 Brickell Ave Unit 5002 | condos | 4 | 4 | 6,686 | $15,012,900 | — |
| 1331 Brickell Bay Dr Apt 3311 | condos | 4 | 5 | 3,415 | $3,795,000 | — |
| 1331 Brickell Bay Dr Apt 4605 | condos | 4 | 5 | 3,860 | $5,375,000 | — |
| 1080 Brickell Ave Unit 3900-3901 | condos | 4 | 5 | 1,593 | $2,449,000 | — |
10-year hold projection
IRR-4.3%
Equity multiple0.28x
Total return (10yr)-$239,669
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $5,098,500 | $55,194 | -$265,182 | $3,917,065 | $1,181,435 |
| 2 | $5,251,455 | $57,954 | -$262,798 | $3,871,181 | $1,380,274 |
| 3 | $5,408,999 | $60,824 | -$260,312 | $3,822,147 | $1,586,852 |
| 4 | $5,571,269 | $63,809 | -$257,721 | $3,769,745 | $1,801,524 |
| 5 | $5,738,407 | $66,912 | -$255,022 | $3,713,744 | $2,024,662 |
| 6 | $5,910,559 | $70,138 | -$252,210 | $3,653,899 | $2,256,660 |
| 7 | $6,087,876 | $73,491 | -$249,281 | $3,589,943 | $2,497,933 |
| 8 | $6,270,512 | $76,976 | -$246,230 | $3,521,596 | $2,748,916 |
| 9 | $6,458,627 | $80,598 | -$243,055 | $3,448,555 | $3,010,073 |
| 10 | $6,652,386 | $84,361 | -$239,748 | $3,370,498 | $3,281,888 |
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.