300 Biscayne Boulevard Way Apt 2701
Miami, FL 33131 · condos · For Sale · 65 days on market
Asking price$7,400,000
5 beds 6 baths 3,978 sqft
Suggested offer$4,030,100$3,369,900 above the est. market value of $4,030,100.
View on Realtor.com →Listed by Dina Goldentayer · Douglas Elliman - 120 Ocean Drive
Typecondos
Built—
Price / sqft$1860
Est. value (Realtor.com)$4,030,100
Rent estimate (own analysis)$34,725/mo
HOA$7,032/mo
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Statusfor_sale
Listed date2026-06-29
Removed date—
MLSMiamiMLS #A12042835
Coordinates25.77079, -80.18762
Address300 Biscayne Boulevard Way Apt 2701
CityMiami
StateFL
Zip33131
Listing ID9932032535
Sourcerealtor, cached 2026-08-21
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 | $7,400,000 |
| Down payment (20.0%) | $1,480,000 |
| Loan amount | $5,920,000 |
| Closing costs (5.0%) | $370,000 |
| Total cash to close | $1,850,000 |
| Income | |
| Rent (comp-derived) | $34,725$416,700 |
| Vacancy loss (8.0%) | |
| Effective gross income | $31,947$383,364 |
| Operating expenses | |
| Property tax (real MLS tax bill, from Realtor Search) | $5,978$71,731 |
| Insurance (placeholder 0.8% of price) | $4,933$59,200 |
| HOA dues | $7,032$84,384 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $1,736$20,835 |
| Total operating expenses | $19,679$236,150 |
| 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) | $1,736$20,835 |
| 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 | 5 | 6 | 3,575 | $39,500 | 2026-08-05 | — | |
| condos | 5 | 6 | 3,978 | $45,000 | 2026-06-29 | — | |
| condos | 5 | 7 | 3,608 | $18,000 | 2026-06-08 | — | |
| condos | 5 | 5 | 3,420 | $14,800 | 2026-07-30 | — | |
| condos | 5 | 6 | 3,004 | $12,550 | 2026-04-15 | — | |
| condos | 5 | 7 | 4,770 | $49,000 | 2026-08-31 | — | |
| condos | 5 | 6 | 5,097 | $29,950 | 2026-03-11 | — | |
| condos | 5 | 6 | 3,663 | $45,000 | 2026-04-10 | — | |
| condos | 5 | 7 | 4,770 | $49,000 | 2026-09-02 | — | |
| condos | 5 | 6 | 5,097 | $29,950 | 2026-03-12 | — |
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 |
|---|---|---|---|---|---|---|
| 1425 Brickell Ave Unit 44A-B | condos | 5 | 5 | 3,820 | $3,900,000 | 2026-04-24 |
| 300 Biscayne Blvd Way Apt 4401 | condos | 5 | 6 | 3,854 | $5,100,000 | 2026-04-17 |
| 1000 Brickell Plz Unit UPH6201 | condos | 5 | 9 | 7,855 | $8,600,000 | 2026-03-31 |
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 |
|---|---|---|---|---|---|---|
| 300 Biscayne Boulevard Way Unit 3304C | condos | 5 | 6 | 3,214 | $4,475,000 | — |
| 300 Biscayne Blvd Way Apt 4602 | condos | 5 | 6 | 4,434 | $9,000,000 | — |
| 300 Biscayne Blvd Way Apt 1901 | condos | 5 | 6 | 3,560 | $6,750,000 | — |
| 465 Brickell Ave Apt 5701 | condos | 5 | 7 | 4,770 | $12,999,000 | — |
| 99 SE 5th St Unit UPH7201 | condos | 5 | 10 | 9,074 | $31,760,000 | — |
| 300 Biscayne Blvd Way Apt 3201 | condos | 5 | 6 | 3,994 | $7,590,000 | — |
| 900 Brickell Key Blvd Apt 1002 | condos | 5 | 7 | 3,608 | $3,530,000 | — |
| 808 Brickell Key Dr Apt 3901 | condos | 5 | 6 | 5,097 | $4,995,000 | — |
10-year hold projection
IRR-1.9%
Equity multiple0.68x
Total return (10yr)$376,772
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $7,622,000 | $147,214 | -$330,143 | $5,855,814 | $1,766,186 |
| 2 | $7,850,660 | $152,811 | -$325,067 | $5,787,220 | $2,063,440 |
| 3 | $8,086,180 | $158,606 | -$319,806 | $5,713,916 | $2,372,263 |
| 4 | $8,328,765 | $164,604 | -$314,355 | $5,635,579 | $2,693,187 |
| 5 | $8,578,628 | $170,814 | -$308,706 | $5,551,861 | $3,026,767 |
| 6 | $8,835,987 | $177,242 | -$302,853 | $5,462,395 | $3,373,592 |
| 7 | $9,101,067 | $183,895 | -$296,789 | $5,366,785 | $3,734,282 |
| 8 | $9,374,099 | $190,781 | -$290,507 | $5,264,609 | $4,109,490 |
| 9 | $9,655,322 | $197,908 | -$283,999 | $5,155,417 | $4,499,905 |
| 10 | $9,944,981 | $205,284 | -$277,258 | $5,038,726 | $4,906,255 |
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.