300 Biscayne Blvd Way Unit 1904C
Miami, FL 33131 · condos · For Sale · 85 days on market
Asking price$4,995,000
4 beds 6 baths 3,536 sqft
Suggested offer$4,157,770$837,230 above the est. market value of $4,157,770.
View on Realtor.com →Listed by Ben Brissi · BHHS EWM Realty
Typecondos
Built2024
Price / sqft$1413
Est. value (own analysis)$4,157,770
Rent estimate (own analysis)$25,000/mo
HOA$5,993/mo
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Statusfor_sale
Listed date2026-06-09
Removed date—
MLSMiamiMLS #A12031946
Coordinates25.77065, -80.18828
Address300 Biscayne Blvd Way Unit 1904C
CityMiami
StateFL
Zip33131
Listing ID9886421589
Sourceus-real-estate-listings, cached 2026-08-25
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 | $4,995,000 |
| Down payment (20.0%) | $999,000 |
| Loan amount | $3,996,000 |
| Closing costs (5.0%) | $249,750 |
| Total cash to close | $1,248,750 |
| 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) | $7,909$94,905 |
| Insurance (placeholder 0.8% of price) | $3,330$39,960 |
| HOA dues | $5,993$71,916 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $1,250$15,000 |
| Total operating expenses | $18,482$221,781 |
| 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 Apt 1704 | condos | 4 | 6 | 3,225 | $4,950,000 | — |
| 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-4.4%
Equity multiple0.27x
Total return (10yr)-$257,519
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $5,144,850 | $54,219 | -$268,933 | $3,952,675 | $1,192,175 |
| 2 | $5,299,196 | $56,954 | -$266,573 | $3,906,374 | $1,392,822 |
| 3 | $5,458,171 | $59,800 | -$264,112 | $3,856,894 | $1,601,278 |
| 4 | $5,621,917 | $62,759 | -$261,547 | $3,804,016 | $1,817,901 |
| 5 | $5,790,574 | $65,836 | -$258,874 | $3,747,506 | $2,043,068 |
| 6 | $5,964,291 | $69,035 | -$256,089 | $3,687,116 | $2,277,175 |
| 7 | $6,143,220 | $72,360 | -$253,187 | $3,622,580 | $2,520,640 |
| 8 | $6,327,517 | $75,817 | -$250,165 | $3,553,611 | $2,773,906 |
| 9 | $6,517,342 | $79,410 | -$247,019 | $3,479,906 | $3,037,436 |
| 10 | $6,712,862 | $83,143 | -$243,742 | $3,401,140 | $3,311,722 |
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.