851 NE 1st Ave Unit 2410
Miami, FL 33132 · condos · For Sale · 72 days on market
Asking price$699,000
1 beds 2 baths 1,185 sqft
Suggested offer$576,668$122,332 above the est. market value of $576,668.
View on Realtor.com →Listed by Tugana Boynuince · Lead Consulting Group Llc
Typecondos
Built2019
Price / sqft$590
Est. value (own analysis)$576,668
Rent estimate (own analysis)$3,300/mo
HOA$1,776/mo
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Show every detail
Statusfor_sale
Listed date2026-06-22
Removed date—
MLSBeachesMLS #B26044050
Coordinates25.78289, -80.19191
Address851 NE 1st Ave Unit 2410
CityMiami
StateFL
Zip33132
Listing ID9817652334
Sourceus-real-estate-listings, cached 2026-08-29
ZIP market snapshot (33132)
Typical home value (ZHVI)$514,716
Typical rent (ZORI)$3,468/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 | $699,000 |
| Down payment (20.0%) | $139,800 |
| Loan amount | $559,200 |
| Closing costs (5.0%) | $34,950 |
| Total cash to close | $174,750 |
| Income | |
| Rent (comp-derived) | $3,300$39,600 |
| Vacancy loss (8.0%) | |
| Effective gross income | $3,036$36,432 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $1,107$13,281 |
| Insurance (placeholder 0.8% of price) | $466$5,592 |
| HOA dues | $1,776$21,312 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $165$1,980 |
| Total operating expenses | $3,514$42,165 |
| 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$1,980 |
| 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 | 2 | 948 | $3,700 | 2026-08-21 | — | |
| condos | 1 | 2 | 938 | $4,900 | 2026-08-21 | — | |
| condos | 1 | 1 | 806 | $2,995 | 2026-08-21 | — | |
| condos | 1 | 1 | 791 | $3,250 | 2026-08-20 | — | |
| condos | 1 | 2 | 890 | $2,600 | 2026-08-20 | — | |
| condos | 1 | 1 | 837 | $3,500 | 2026-08-19 | — | |
| condos | 1 | 2 | 845 | $3,650 | 2026-08-19 | — | |
| apartment | 1 | 2 | 845 | $3,650 | 2026-08-19 | — | |
| condos | 1 | 2 | 912 | $4,600 | 2026-08-19 | — | |
| condos | 1 | 1 | 821 | $2,900 | 2026-08-19 | — | |
| condos | 1 | 2 | 943 | $4,000 | 2026-08-19 | — | |
| condos | 1 | 2 | 978 | $2,800 | 2026-08-18 | — | |
| condos | 1 | 1 | 903 | $2,550 | 2026-08-18 | — | |
| condos | 1 | 2 | 799 | $2,950 | 2026-08-18 | — | |
| condos | 1 | 2 | 979 | $4,900 | 2026-08-17 | — | |
| condos | 1 | 2 | 845 | $3,700 | 2026-08-17 | — | |
| condos | 1 | 1 | 806 | $2,800 | 2026-08-17 | — | |
| condos | 1 | 1 | 1,048 | $3,000 | 2026-08-17 | — | |
| condos | 1 | 2 | 1,031 | $4,500 | 2026-08-17 | — | |
| condos | 1 | 1 | 791 | $3,200 | 2026-08-14 | — | |
| condos | 1 | 1 | 806 | $3,000 | 2026-08-14 | — | |
| condos | 1 | 2 | 780 | $2,550 | 2026-08-14 | — | |
| condos | 1 | 2 | 791 | $3,600 | 2026-08-14 | — | |
| condos | 1 | 2 | 888 | $4,300 | 2026-08-12 | — | |
| condos | 1 | 2 | 1,091 | $3,300 | 2026-08-11 | — | |
| condos | 1 | 1 | 1,087 | $1,500 | 2026-08-10 | — | |
| condos | 1 | 2 | 912 | $4,600 | 2026-08-10 | — | |
| apartment | 1 | 1 | 779 | $2,877 | 2026-08-10 | — | |
| condos | 1 | 2 | 833 | $3,300 | 2026-08-09 | — | |
| condos | 1 | 2 | 850 | $3,400 | 2026-08-07 | — | |
| condos | 1 | 2 | 843 | $3,700 | 2026-08-06 | — | |
| condos | 1 | 1 | 825 | $3,000 | 2026-08-06 | — | |
| condos | 1 | 2 | 791 | $2,900 | 2026-08-06 | — | |
| condos | 1 | 2 | 850 | $3,450 | 2026-08-06 | — | |
| condos | 1 | 1 | 1,000 | $2,700 | 2026-08-06 | — | |
| condos | 1 | 2 | 845 | $3,800 | 2026-08-05 | — | |
| condos | 1 | 2 | 800 | $2,500 | 2026-08-05 | — | |
| condos | 1 | 2 | 838 | $3,200 | 2026-08-05 | — | |
| condos | 1 | 2 | 800 | $2,700 | 2026-08-05 | — | |
| condos | 1 | 2 | 780 | $2,700 | 2026-08-04 | — | |
| condos | 1 | 2 | 1,066 | $3,199 | 2026-07-27 | — | |
| condos | 1 | 2 | 853 | $3,200 | 2026-07-26 | — | |
| condos | 1 | 1 | 837 | $3,300 | 2026-07-26 | — | |
| condos | 1 | 2 | 938 | $4,600 | 2026-07-25 | — | |
| condos | 1 | 2 | 1,173 | $4,800 | 2026-07-23 | — | |
| condos | 1 | 1 | 802 | $2,900 | 2026-07-23 | — | |
| condos | 1 | 2 | 937 | $6,000 | 2026-07-23 | — | |
| condos | 1 | 2 | 860 | $3,300 | 2026-07-22 | — | |
| condos | 1 | 1 | 1,048 | $2,800 | 2026-07-22 | — | |
| condos | 1 | 2 | 865 | $3,350 | 2026-07-22 | — | |
| condos | 1 | 2 | 774 | $3,550 | 2026-07-21 | — | |
| condos | 1 | 1 | 791 | $2,900 | 2026-07-21 | — | |
| condos | 1 | 1 | 821 | $2,899 | 2026-07-20 | — | |
| condos | 1 | 1 | 1,048 | $3,200 | 2026-07-20 | — | |
| condos | 1 | 2 | 850 | $3,300 | 2026-07-20 | — | |
| condos | 1 | 1 | 806 | $2,750 | 2026-07-17 | — | |
| condos | 1 | 1 | 822 | $2,650 | 2026-07-16 | — | |
| condos | 1 | 2 | 912 | $4,390 | 2026-07-16 | — | |
| condos | 1 | 2 | 780 | $3,000 | 2026-07-15 | — | |
| condos | 1 | 2 | 838 | $2,800 | 2026-07-15 | — | |
| condos | 1 | 2 | 838 | $2,700 | 2026-07-15 | — | |
| condos | 1 | 2 | 865 | $3,300 | 2026-07-13 | — | |
| condos | 1 | 1 | 1,203 | $4,500 | 2026-07-13 | — | |
| condos | 1 | 2 | 978 | $2,800 | 2026-07-11 | — | |
| condos | 1 | 2 | 989 | $2,950 | 2026-07-09 | — | |
| condos | 1 | 2 | 938 | $4,900 | 2026-07-09 | — | |
| condos | 1 | 2 | 888 | $4,600 | 2026-07-08 | — | |
| condos | 1 | 1 | 821 | $3,200 | 2026-07-08 | — | |
| condos | 1 | 2 | 857 | $3,000 | 2026-07-07 | — | |
| condos | 1 | 2 | 838 | $3,000 | 2026-07-06 | — | |
| condos | 1 | 1 | 791 | $2,800 | 2026-07-06 | — | |
| condos | 1 | 2 | 886 | $3,200 | 2026-07-03 | — | |
| condos | 1 | 2 | 979 | $3,950 | 2026-07-03 | — | |
| condos | 1 | 2 | 978 | $2,900 | 2026-07-03 | — | |
| condos | 1 | 2 | 890 | $3,000 | 2026-07-02 | — | |
| condos | 1 | 2 | 997 | $3,300 | 2026-07-02 | — | |
| condos | 1 | 2 | 1,185 | $5,150 | 2026-07-01 | — | |
| condos | 1 | 2 | 857 | $3,300 | 2026-06-29 | — | |
| condos | 1 | 1 | 784 | $2,395 | 2026-06-26 | — | |
| condos | 1 | 2 | 850 | $3,150 | 2026-06-25 | — | |
| condos | 1 | 1 | 873 | $3,700 | 2026-06-25 | — | |
| apartment | 1 | 1 | 800 | $3,000 | 2026-06-25 | — | |
| condos | 1 | 1 | 791 | $2,990 | 2026-06-25 | — | |
| condos | 1 | 2 | 853 | $3,300 | 2026-06-24 | — | |
| apartment | 1 | 2 | 1,018 | $5,500 | 2026-06-23 | — | |
| condos | 1 | 1 | 806 | $3,100 | 2026-06-23 | — | |
| condos | 1 | 2 | 850 | $3,100 | 2026-06-23 | — | |
| apartment | 1 | 2 | 978 | $2,750 | 2026-06-22 | — | |
| condos | 1 | 2 | 1,048 | $3,200 | 2026-06-22 | — | |
| condos | 1 | 2 | 833 | $4,200 | 2026-06-21 | — | |
| condos | 1 | 1 | 806 | $3,150 | 2026-06-18 | — | |
| condos | 1 | 2 | 1,048 | $3,300 | 2026-06-18 | — | |
| apartment | 1 | 1 | 794 | $3,200 | 2026-06-17 | — | |
| apartment | 1 | 2 | 1,359 | $6,500 | 2026-06-17 | — | |
| condos | 1 | 2 | 1,140 | $2,950 | 2026-06-08 | — | |
| condos | 1 | 1 | 842 | $2,750 | 2026-06-05 | — | |
| condos | 1 | 2 | 791 | $3,400 | 2026-06-04 | — | |
| condos | 1 | 2 | 1,044 | $2,800 | 2026-06-02 | — | |
| condos | 1 | 2 | 845 | $3,350 | 2026-05-28 | — | |
| condos | 1 | 2 | 997 | $3,499 | 2026-05-28 | — | |
| condos | 1 | 2 | 997 | $3,500 | 2026-05-15 | — | |
| condos | 1 | 2 | 1,094 | $4,000 | 2026-05-14 | — | |
| condos | 1 | 2 | 938 | $5,100 | 2026-05-13 | — | |
| condos | 1 | 2 | 1,042 | $4,400 | 2026-05-07 | — | |
| condos | 1 | 2 | 1,018 | $4,700 | 2026-05-05 | — | |
| condos | 1 | 2 | 1,066 | $3,300 | 2026-05-01 | — | |
| condos | 1 | 1 | 845 | $3,250 | 2026-05-01 | — | |
| condos | 1 | 1 | 842 | $2,700 | 2026-05-01 | — | |
| condos | 1 | 2 | 850 | $3,250 | 2026-05-01 | — | |
| condos | 1 | 2 | 1,254 | $5,550 | 2026-08-04 | — | |
| apartment | 1 | 1 | 791 | $3,300 | 2026-08-02 | — | |
| condos | 1 | 2 | 799 | $2,950 | 2026-08-02 | — | |
| condos | 1 | 2 | 865 | $3,450 | 2026-07-31 | — | |
| condos | 1 | 2 | 888 | $3,000 | 2026-07-31 | — | |
| condos | 1 | 2 | 800 | $2,550 | 2026-07-31 | — | |
| condos | 1 | 2 | 978 | $2,900 | 2026-07-31 | — | |
| condos | 1 | 2 | 989 | $3,200 | 2026-07-31 | — | |
| condos | 1 | 1 | 873 | $3,400 | 2026-07-30 | — | |
| condos | 1 | 1 | 825 | $2,695 | 2026-07-29 | — | |
| apartment | 1 | 2 | 865 | $3,300 | 2026-07-29 | — | |
| apartment | 1 | 1 | 855 | $2,300 | 2025-04-15 | — | |
| condos | 1 | 1 | 791 | $2,800 | 2026-01-16 | — | |
| condos | 1 | 2 | 1,094 | $3,900 | 2026-08-24 | — | |
| condos | 1 | 1 | 821 | $3,200 | 2026-08-25 | — | |
| condos | 1 | 1 | 839 | $2,850 | 2026-08-23 | — | |
| condos | 1 | 2 | 938 | $4,500 | 2026-08-22 | — | |
| condos | 1 | 2 | 937 | $6,000 | 2026-08-24 | — | |
| condos | 1 | 1 | 845 | $2,750 | 2026-08-22 | — | |
| condos | 1 | 2 | 1,060 | $5,700 | 2026-08-23 | — | |
| condos | 1 | 1 | 802 | $3,000 | 2026-01-15 | — | |
| condos | 1 | 2 | 978 | $2,800 | 2026-04-10 | — | |
| condos | 1 | 1 | 822 | $2,750 | 2026-04-22 | — | |
| condos | 1 | 2 | 850 | $4,500 | 2025-05-16 | — | |
| apartment | 1 | 1 | 779 | $4,208 | 2022-08-18 | — | |
| condos | 1 | 1 | 821 | $2,950 | 2026-03-02 | — | |
| condos | 1 | 1 | 791 | $3,000 | 2024-05-31 | — | |
| condos | 1 | 2 | 838 | $2,600 | 2026-03-11 | — | |
| apartment | 1 | 1 | 846 | $3,100 | 2025-04-28 | — | |
| condos | 1 | 1 | 825 | $3,000 | 2023-10-11 | — | |
| condos | 1 | 2 | 845 | $3,550 | 2026-04-08 | — | |
| condos | 1 | 1 | 806 | $2,850 | 2026-04-15 | — | |
| condos | 1 | 2 | 780 | $4,650 | 2024-07-22 | — | |
| condos | 1 | 2 | 1,006 | $2,950 | 2026-04-20 | — | |
| condos | 1 | 1 | 825 | $2,800 | 2026-04-14 | — | |
| condos | 1 | 1 | 791 | $3,000 | 2026-02-26 | — | |
| condos | 1 | 2 | 978 | $3,300 | 2026-02-11 | — | |
| apartment | 1 | 1 | 779 | $4,395 | 2022-08-18 | — | |
| condos | 1 | 1 | 825 | $3,300 | 2026-04-17 | — | |
| condos | 1 | 1 | 821 | $3,700 | 2026-01-27 | — | |
| condos | 1 | 1 | 806 | $2,800 | 2026-03-15 | — | |
| condos | 1 | 2 | 997 | $3,600 | 2026-02-12 | — | |
| condos | 1 | 1 | 784 | $3,850 | 2026-04-13 | — | |
| condos | 1 | 2 | 1,153 | $3,400 | 2026-02-26 | — | |
| condos | 1 | 1 | 791 | $3,650 | 2026-01-14 | — | |
| condos | 1 | 2 | 845 | $4,400 | 2026-04-17 | — | |
| condos | 1 | 2 | 1,018 | $5,300 | 2026-03-17 | — | |
| apartment | 1 | 1 | 920 | $4,880 | 2022-08-18 | — | |
| apartment | 1 | 1 | 869 | $4,780 | 2022-08-18 | — | |
| apartment | 1 | 1 | 957 | $3,700 | — | — | |
| apartment | 1 | 1 | 816 | $3,480 | — | — | |
| apartment | 1 | 1 | 864 | $3,230 | — | — | |
| apartment | 1 | 1 | 816 | $3,750 | — | — | |
| apartment | 1 | 1 | 1,005 | $4,265 | — | — | |
| apartment | 1 | 1 | 1,013 | $4,665 | — | — | |
| condos | 1 | 1 | 800 | $2,700 | 2026-08-27 | — | |
| condos | 1 | 1 | 791 | $2,900 | 2026-08-26 | — | |
| condos | 1 | 2 | 979 | $4,200 | 2026-08-27 | — | |
| condos | 1 | 2 | 912 | $4,800 | 2026-08-25 | — | |
| condos | 1 | 2 | 865 | $3,500 | 2026-08-26 | — | |
| condos | 1 | 2 | 1,318 | $5,200 | 2026-08-23 | — | |
| condos | 1 | 1 | 791 | $2,850 | 2026-07-10 | — | |
| condos | 1 | 2 | 1,216 | $6,000 | 2026-08-25 | — | |
| condos | 1 | 2 | 853 | $3,200 | — | — | |
| condos | 1 | 2 | 938 | $4,900 | — | — | |
| apartment | 1 | 2 | 950 | $5,499 | — | — | |
| condos | 1 | 2 | 780 | $3,850 | — | — | |
| apartment | 1 | 1 | 849 | $3,175 | — | — | |
| condos | 1 | 2 | 979 | $4,900 | — | — | |
| apartment | 1 | 1 | 788 | $3,340 | — | — | |
| apartment | 1 | 2 | 1,185 | $4,995 | — | — | |
| apartment | 1 | 1 | 903 | $4,285 | — | — | |
| apartment | 1 | 1 | 903 | $4,390 | — | — | |
| apartment | 1 | 1 | 964 | $4,450 | — | — | |
| apartment | 1 | 1 | 903 | $4,450 | — | — | |
| apartment | 1 | 1 | 903 | $4,405 | — | — | |
| apartment | 1 | 1 | 903 | $4,590 | — | — | |
| apartment | 1 | 1 | 1,010 | $4,625 | — | — | |
| apartment | 1 | 1 | 977 | $4,540 | — | — | |
| apartment | 1 | 1 | 1,031 | $5,190 | — | — | |
| apartment | 1 | 1 | 1,031 | $5,395 | — | — | |
| condos | 1 | 2 | 1,216 | $5,950 | 2026-08-28 | — | |
| apartment | 1 | 1 | 929 | $4,500 | — | — | |
| condos | 1 | 2 | 1,190 | $5,500 | 2026-08-30 | — | |
| apartment | 1 | 1 | 791 | $3,100 | 2026-08-29 | — | |
| condos | 1 | 1 | 800 | $3,000 | 2026-08-30 | — | |
| condos | 1 | 2 | 890 | $2,600 | 2026-09-02 | — | |
| condos | 1 | 2 | 800 | $2,500 | 2026-09-01 | — | |
| condos | 1 | 2 | 1,138 | $3,200 | 2026-09-01 | — | |
| condos | 1 | 2 | 845 | $3,700 | 2026-09-01 | — | |
| condos | 1 | 2 | 845 | $3,000 | 2026-06-08 | — | |
| condos | 1 | 1 | 837 | $2,950 | 2026-09-02 | — |
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 |
|---|---|---|---|---|---|---|
| 851 NE 1st Ave Unit 3800 | condos | 1 | 2 | 1,018 | $540,000 | 2026-08-24 |
| 1800 N Bayshore Dr Apt 1908 | condos | 1 | 1 | 839 | $355,000 | 2026-08-21 |
| 1800 N Bayshore Dr Apt 1208 | condos | 1 | 1 | 839 | $350,000 | 2026-08-20 |
| 888 Biscayne Blvd Apt 3506 | condos | 1 | 2 | 948 | $585,000 | 2026-08-20 |
| 488 NE 18th St Unit 4005 | condos | 1 | 2 | 743 | $535,000 | 2026-08-18 |
| 1800 N Bayshore Dr Apt 4106 | condos | 1 | 1 | 822 | $377,000 | 2026-08-18 |
| 900 Biscayne Blvd Apt 2907 | condos | 1 | 2 | 938 | $675,000 | 2026-08-18 |
| 227 NE 2nd St Apt 1909 | condos | 1 | 1 | 549 | $395,000 | 2026-08-06 |
| 488 NE 18th St Unit 2802 | condos | 1 | 2 | 766 | $485,000 | 2026-08-01 |
| 1750 N Bayshore Dr Apt 4506 | condos | 1 | 1 | 821 | $308,000 | 2026-07-27 |
| 1750 N Bayshore Dr Apt 5105 | condos | 1 | 1 | 825 | $320,000 | 2026-07-15 |
| 1600 NE 1st Ave Apt 3012 | condos | 1 | 2 | 850 | $400,000 | 2026-07-09 |
| 900 Biscayne Blvd Apt 2910 | condos | 1 | 2 | 1,031 | $590,000 | 2026-07-09 |
| 1900 N Bayshore Dr Apt 506 | condos | 1 | 1 | 816 | $417,000 | 2026-07-08 |
| 253 NE 2nd St Apt 1107 | condos | 1 | 1 | 802 | $392,500 | 2026-07-02 |
| 133 NE 2nd Ave Apt 611 | condos | 1 | 1 | 651 | $248,000 | 2026-06-24 |
| 398 NE 5th St Apt 2403 | condos | 1 | 1 | 490 | $415,000 | 2026-06-24 |
| 275 NE 18th St Apt 1806 | condos | 1 | 1 | 749 | $355,000 | 2026-06-23 |
| 1750 N Bayshore Dr Apt 2109 | condos | 1 | 1 | 825 | $295,000 | 2026-06-22 |
| 900 Biscayne Blvd Apt 3110 | condos | 1 | 2 | 1,031 | $610,000 | 2026-06-22 |
| 601 NE 1st Ave Unit 3704 | condos | 1 | 1 | — | $460,000 | 2026-06-18 |
| 275 NE 18th St Apt 901 | condos | 1 | 1 | 734 | $315,000 | 2026-06-16 |
| 133 NE 2nd Ave Apt 2015 | condos | 1 | 1 | 651 | $290,000 | 2026-06-16 |
| 900 Biscayne Blvd Apt 5104 | condos | 1 | 2 | 938 | $670,000 | 2026-06-12 |
| 133 NE 2nd Ave Apt 2515 | condos | 1 | 1 | 651 | $275,800 | 2026-06-09 |
| 1040 Biscayne Blvd Apt 4208 | condos | 1 | 2 | 1,029 | $530,000 | 2026-06-09 |
| 1900 N Bayshore Dr Apt 505 | condos | 1 | 1 | 811 | $412,000 | 2026-06-08 |
| 1600 NE 1st Ave Apt 1011 | condos | 1 | 2 | — | $400,000 | 2026-06-04 |
| 851 NE 1st Ave Unit 2102 | condos | 1 | 2 | 937 | $525,000 | 2026-06-02 |
| 133 NE 2nd Ave Apt 1905 | condos | 1 | 1 | 651 | $290,000 | 2026-06-01 |
| 159 NE 6th St Unit 2607 | condos | 1 | 1 | 505 | $452,500 | 2026-05-29 |
| 244 Biscayne Blvd Apt 2306 | condos | 1 | 1 | 806 | $365,000 | 2026-05-22 |
| 244 Biscayne Blvd Apt 3104 | condos | 1 | 1 | 806 | $390,000 | 2026-05-22 |
| 1800 N Bayshore Dr Apt 3206 | condos | 1 | 1 | 822 | $365,000 | 2026-05-19 |
| 1750 N Bayshore Dr Apt 2804 | condos | 1 | 1 | 791 | $320,000 | 2026-05-18 |
| 133 NE 2nd Ave Apt 2611 | condos | 1 | 1 | 651 | $289,900 | 2026-05-18 |
| 601 NE 1st Ave Unit 4407 | condos | 1 | 1 | 550 | $420,000 | 2026-05-15 |
| 133 NE 2nd Ave Apt 1410 | condos | 1 | 1 | 620 | $280,000 | 2026-05-15 |
| 888 Biscayne Blvd Apt 4011 | condos | 1 | 2 | 845 | $540,000 | 2026-05-13 |
| 488 NE 18th St Unit 4605 | condos | 1 | 2 | 743 | $510,000 | 2026-05-05 |
| 1900 N Bayshore Dr Apt 3616 | condos | 1 | 2 | 867 | $417,500 | 2026-05-01 |
| 1040 Biscayne Blvd Apt 3508 | condos | 1 | 2 | 808 | $385,000 | 2026-04-30 |
| 398 NE 5th St Apt 3008 | condos | 1 | 1 | 430 | $450,000 | 2026-04-23 |
| 398 NE 5th St Apt 4507 | condos | 1 | 1 | 442 | $520,000 | 2026-04-23 |
| 1717 N Bayshore Dr Unit A1439 | condos | 1 | 2 | 1,066 | $410,000 | 2026-04-21 |
| 398 NE 5th St Apt 1905 | condos | 1 | 1 | 442 | $420,000 | 2026-04-20 |
| 1900 N Bayshore Dr Apt 1708 | condos | 1 | 1 | 837 | $375,000 | 2026-04-16 |
| 227 NE 2nd St Apt 2601 | condos | 1 | 1 | 455 | $385,000 | 2026-04-15 |
| 1717 N Bayshore Dr Unit A2637 | condos | 1 | 2 | 1,048 | $555,000 | 2026-04-15 |
| 1750 N Bayshore Dr Apt 3612 | condos | 1 | 1 | 791 | $322,000 | 2026-04-14 |
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 |
|---|---|---|---|---|---|---|
| 1750 N Bayshore Dr Apt 3403 | condos | 1 | 1 | 791 | $362,000 | — |
| 851 NE 1st Ave Unit 2110 | condos | 1 | 2 | 1,185 | $730,000 | — |
| 121 NE 5th St Apt 2908 | condos | 1 | 1 | 606 | $525,000 | — |
| 1600 NE 1st Ave Apt 3614 | condos | 1 | 2 | 857 | $469,000 | — |
| 900 Biscayne Blvd Apt 3803 | condos | 1 | 2 | 912 | $750,000 | — |
| 398 NE 5th St Apt 1407 | condos | 1 | 1 | 442 | $795,000 | — |
| 159 NE 6th St Unit 3108 | condos | 1 | 1 | 832 | $510,000 | — |
| 1600 NE 1st Ave Apt 2405 | condos | 1 | 2 | 867 | $505,000 | — |
10-year hold projection
IRR-9.3%
Equity multiple-0.58x
Total return (10yr)-$184,507
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $719,970 | -$5,733 | -$50,836 | $553,137 | $166,833 |
| 2 | $741,569 | -$5,694 | -$50,847 | $546,658 | $194,911 |
| 3 | $763,816 | -$5,649 | -$50,852 | $539,733 | $224,083 |
| 4 | $786,731 | -$5,597 | -$50,852 | $532,334 | $254,397 |
| 5 | $810,333 | -$5,538 | -$50,846 | $524,426 | $285,907 |
| 6 | $834,643 | -$5,471 | -$50,834 | $515,975 | $318,668 |
| 7 | $859,682 | -$5,397 | -$50,816 | $506,943 | $352,738 |
| 8 | $885,472 | -$5,314 | -$50,791 | $497,292 | $388,180 |
| 9 | $912,036 | -$5,223 | -$50,758 | $486,978 | $425,059 |
| 10 | $939,398 | -$5,123 | -$50,718 | $475,955 | $463,442 |
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.