515 Valencia Ave Unit 802
Coral Gables, FL 33134 · condos · For Sale · 76 days on market
Asking price$3,800,000
4 beds 5 baths 3,210 sqft
Suggested offer$1,759,369$2,040,631 above the est. market value of $1,759,369.
View on Realtor.com →Listed by Alejandro Pis-dudot · Coldwell Banker Realty
Typecondos
Built2022
Price / sqft$1184
Est. value (own analysis)$1,759,369
Rent estimate (Zillow ZIP avg)$3,095/mo
HOA$5,304/mo
Wind10/10Extreme$Heat10/10ExtremeFlood3/10moderate$Air2/10MinorWildfire1/10Minimal
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Show every detail
Statusfor_sale
Listed date2026-06-18
Removed date—
MLSMiamiMLS #A12038453
Coordinates25.74757, -80.26533
Address515 Valencia Ave Unit 802
CityCoral Gables
StateFL
Zip33134
Listing ID9960200141
Sourceus-real-estate-listings, cached 2026-08-30
ZIP market snapshot (33134)
Typical home value (ZHVI)$887,965
Typical rent (ZORI)$3,095/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 | $3,800,000 |
| Down payment (20.0%) | $760,000 |
| Loan amount | $3,040,000 |
| Closing costs (5.0%) | $190,000 |
| Total cash to close | $950,000 |
| Income | |
| Rent (ZIP avg, ZORI — not bedroom-specific) | $3,095$37,137 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,847$34,166 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $6,017$72,200 |
| Insurance (est. scaled by flood & wind risk) | $4,053$48,640 |
| HOA dues | $5,304$63,648 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $155$1,857 |
| Total operating expenses | $15,529$186,345 |
| 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) | $155$1,857 |
| 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
Widened to city-wide. Real active rental listings, used to derive the rent estimate above.
| Address | Type | Beds | Baths | Sqft | Asking rent | Listed | Days on market |
|---|---|---|---|---|---|---|---|
| apartment | 4 | 2 | 1,863 | $4,500 | 2026-07-22 | — | |
| apartment | 4 | 2 | 1,745 | $4,200 | 2026-05-05 | — |
Widened to any bedroom count in ZIP. 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 |
|---|---|---|---|---|---|---|
| 441 Valencia Ave Apt 1201 | condos | 3 | 4 | 1,713 | $1,275,000 | 2026-08-26 |
| 1300 Ponce De Leon Blvd Apt 815 | condos | 2 | 2 | 1,111 | $775,000 | 2026-08-26 |
| 3881 W Flagler St Apt 318 | condos | 2 | 1 | 707 | $201,851 | 2026-08-12 |
| 55 Merrick Way Apt 831 | condos | 3 | 2 | 1,553 | $915,000 | 2026-08-10 |
| 1650 Galiano St Apt TH15 | condos | 2 | 3 | 1,792 | $1,000,000 | 2026-08-07 |
| 650 Valencia Ave Unit 302 | condos | 3 | 3 | 2,365 | $1,510,000 | 2026-08-06 |
| 55 Merrick Way Apt 812 | condos | 3 | 3 | 1,611 | $975,000 | 2026-08-03 |
| 100 Andalusia Ave Apt 410 | condos | 1 | 2 | 929 | $506,000 | 2026-07-31 |
| 1110 Salzedo St Apt 2C | condos | 2 | 2 | 969 | $350,000 | 2026-07-31 |
| 700 Biltmore Way Apt 314 | condos | 0 | 1 | 450 | $215,000 | 2026-07-30 |
| 626 Coral Way Apt 503 | condos | 3 | 2 | 1,531 | $1,175,000 | 2026-07-17 |
| 235 Antilla Ave Apt 7 | condos | 2 | 3 | 1,015 | $405,000 | 2026-07-15 |
| 124 Mendoza Ave Apt 6 | condos | 0 | 1 | 351 | $200,000 | 2026-07-10 |
| 1805 Ponce De Leon Blvd Apt 730 | condos | 1 | 1 | 697 | $412,000 | 2026-07-07 |
| 1300 Ponce De Leon Blvd Apt 603 | condos | 2 | 3 | 1,108 | $719,000 | 2026-07-07 |
| 911 E Ponce De Leon Blvd Apt 1504 | condos | 2 | 2 | 960 | $458,000 | 2026-07-06 |
| 357 Almeria Ave Apt 1106 | condos | 2 | 2 | 932 | $533,000 | 2026-07-02 |
| 234 Antiquera Ave Apt 3 | condos | 2 | 2 | 1,080 | $150,000 | 2026-07-01 |
| 126 Mendoza Ave Apt 5 | condos | 0 | 1 | 351 | $165,000 | 2026-07-01 |
| 700 Coral Way Apt 5 | condos | 3 | 3 | 3,200 | $1,950,000 | 2026-06-30 |
| 700 Biltmore Way Apt 216 | condos | 0 | 1 | 440 | $218,000 | 2026-06-30 |
| 1805 Ponce De Leon Blvd Apt 823 | condos | 1 | 1 | 779 | $420,000 | 2026-06-30 |
| 888 S Douglas Rd Apt 1203 | condos | 2 | 2 | 1,126 | $485,000 | 2026-06-25 |
| 357 Almeria Ave Apt 1006 | condos | 2 | 2 | 932 | $510,808 | 2026-06-24 |
| 411 Anastasia Ave Apt 303 | condos | 2 | 2 | 986 | $450,000 | 2026-06-24 |
| 600 Biltmore Way Apt 217 | condos | 2 | 2 | 1,129 | $530,000 | 2026-06-22 |
| 55 Merrick Way Apt 507 | condos | 1 | 2 | 784 | $460,000 | 2026-06-18 |
| 1 Alhambra Cir Apt 403 | condos | 2 | 2 | 1,030 | $460,000 | 2026-06-17 |
| 441 Valencia Ave Apt 302 | condos | 2 | 3 | 1,142 | $545,000 | 2026-06-16 |
| 5271 SW 8th St Apt 212 | condos | 2 | 2 | 970 | $330,000 | 2026-06-12 |
| 721 Biltmore Way Apt 101 | condos | 1 | 2 | 948 | $550,000 | 2026-06-11 |
| 888 S Douglas Rd Apt 404 | condos | 3 | 2 | 1,351 | $606,000 | 2026-06-11 |
| 11 SW 52nd Ave Apt 7A | condos | 1 | 1 | 531 | $190,000 | 2026-06-09 |
| 55 Merrick Way Apt 505 | condos | 1 | 1 | 790 | $433,000 | 2026-06-03 |
| 100 Andalusia Ave Apt 301 | condos | 2 | 3 | 1,246 | $750,000 | 2026-06-01 |
| 100 Andalusia Ave Apt 408 | condos | 2 | 3 | 1,218 | $839,000 | 2026-06-01 |
| 600 Biltmore Way Apt 718 | condos | 2 | 3 | 1,423 | $768,000 | 2026-06-01 |
| 1607 Ponce De Leon Blvd Apt 12E | condos | 2 | 2 | 1,181 | $670,000 | 2026-05-29 |
| 55 Merrick Way Apt 800 | condos | 2 | 3 | 1,167 | $710,000 | 2026-05-26 |
| 718 Valencia Ave Unit 206 | condos | 2 | 3 | 1,972 | $1,250,000 | 2026-05-20 |
| 700 Biltmore Way Apt 1008 | condos | 0 | 1 | 450 | $220,000 | 2026-05-19 |
| 625 Biltmore Way Apt 905 | condos | 2 | 2 | 1,094 | $500,000 | 2026-05-14 |
| 625 Biltmore Way Apt 807 | condos | 2 | 2 | 1,369 | $600,000 | 2026-05-13 |
| 642 Valencia Ave Unit 305 | condos | 2 | 3 | 1,932 | $1,215,000 | 2026-05-08 |
| 626 Coral Way Apt 1104 | condos | 3 | 3 | 2,100 | $1,673,250 | 2026-05-05 |
| 10 Aragon Ave Ste 1105 | condos | 3 | 2 | 1,654 | $839,598 | 2026-04-30 |
| 1300 E Ponce De Leon Blvd Unit 514 | condos | 2 | 2 | 1,128 | $760,000 | 2026-04-24 |
| 357 Almeria Ave Apt 1406 | condos | 2 | 2 | 932 | $535,000 | 2026-04-16 |
| 400 Valencia Ave Apt 3 | condos | 2 | 2 | 1,111 | $620,000 | 2026-04-15 |
| 2030 S Douglas Rd Apt 511 | condos | 3 | 2 | 1,337 | $580,000 | 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 |
|---|---|---|---|---|---|---|
| 4701 SW 7th St | single_family | 4 | 3 | 1,830 | $750,000 | — |
| 4870 SW 6th St | single_family | 4 | 3 | 1,682 | $700,000 | — |
| 3788 SW 27th Ln | multi_family | 4 | 2 | 1,980 | $1,250,000 | — |
| 5330 SW 7th St | single_family | 4 | 3 | 2,424 | $2,500,000 | — |
| 2893-2895 SW 37th Ct | multi_family | 4 | 3 | 1,935 | $915,000 | — |
| 4450 W Flagler St | multi_family | 4 | 4 | 2,103 | $1,000,000 | — |
| 4251 SW 11th St | single_family | 4 | 4 | 3,736 | $2,990,000 | — |
| 2841 SW 38th Ct Unit B | townhomes | 4 | 4 | 2,671 | $1,950,000 | — |
10-year hold projection
IRR-16.8%
Equity multiple-1.95x
Total return (10yr)-$2,301,691
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $3,914,000 | -$152,179 | -$388,466 | $3,007,040 | $906,960 |
| 2 | $4,031,420 | -$155,812 | -$392,146 | $2,971,816 | $1,059,604 |
| 3 | $4,152,363 | -$159,531 | -$395,913 | $2,934,173 | $1,218,189 |
| 4 | $4,276,933 | -$163,339 | -$399,769 | $2,893,946 | $1,382,988 |
| 5 | $4,405,241 | -$167,235 | -$403,715 | $2,850,955 | $1,554,286 |
| 6 | $4,537,399 | -$171,224 | -$407,755 | $2,805,013 | $1,732,386 |
| 7 | $4,673,521 | -$175,306 | -$411,890 | $2,755,916 | $1,917,605 |
| 8 | $4,813,726 | -$179,485 | -$416,123 | $2,703,447 | $2,110,279 |
| 9 | $4,958,138 | -$183,762 | -$420,455 | $2,647,376 | $2,310,763 |
| 10 | $5,106,882 | -$188,140 | -$424,889 | $2,587,453 | $2,519,429 |
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.