← Back to results

300 Biscayne Blvd Way Apt 4604

Miami, FL 33131 · condos · For Sale · 736 days on market
Asking price$6,550,000
3 beds 6 baths 3,536 sqft
Suggested offer$3,207,102$3,342,898 above the est. market value of $3,207,102.
View on Realtor.com →
Listed by Daniella Villati · Miami Royal Realty, LLC.
Typecondos
Built2024
Price / sqft$1852
Est. value (own analysis)$3,207,102
Rent estimate (own analysis)$22,000/mo
HOA$5,993/mo
Photo 1 of 300 Biscayne Blvd Way Apt 4604Photo 2 of 300 Biscayne Blvd Way Apt 4604Photo 3 of 300 Biscayne Blvd Way Apt 4604Photo 4 of 300 Biscayne Blvd Way Apt 4604Photo 5 of 300 Biscayne Blvd Way Apt 4604Photo 6 of 300 Biscayne Blvd Way Apt 4604Photo 7 of 300 Biscayne Blvd Way Apt 4604Photo 8 of 300 Biscayne Blvd Way Apt 4604Photo 9 of 300 Biscayne Blvd Way Apt 4604Photo 10 of 300 Biscayne Blvd Way Apt 4604Photo 11 of 300 Biscayne Blvd Way Apt 4604Photo 12 of 300 Biscayne Blvd Way Apt 4604Photo 13 of 300 Biscayne Blvd Way Apt 4604Photo 14 of 300 Biscayne Blvd Way Apt 4604Photo 15 of 300 Biscayne Blvd Way Apt 4604Photo 16 of 300 Biscayne Blvd Way Apt 4604Photo 17 of 300 Biscayne Blvd Way Apt 4604Photo 18 of 300 Biscayne Blvd Way Apt 4604Photo 19 of 300 Biscayne Blvd Way Apt 4604Photo 20 of 300 Biscayne Blvd Way Apt 4604Photo 21 of 300 Biscayne Blvd Way Apt 4604Photo 22 of 300 Biscayne Blvd Way Apt 4604Photo 23 of 300 Biscayne Blvd Way Apt 4604Photo 24 of 300 Biscayne Blvd Way Apt 4604Photo 25 of 300 Biscayne Blvd Way Apt 4604Photo 26 of 300 Biscayne Blvd Way Apt 4604Photo 27 of 300 Biscayne Blvd Way Apt 4604Photo 28 of 300 Biscayne Blvd Way Apt 4604Photo 29 of 300 Biscayne Blvd Way Apt 4604Photo 30 of 300 Biscayne Blvd Way Apt 4604Photo 31 of 300 Biscayne Blvd Way Apt 4604Photo 32 of 300 Biscayne Blvd Way Apt 4604Photo 33 of 300 Biscayne Blvd Way Apt 4604Photo 34 of 300 Biscayne Blvd Way Apt 4604Photo 35 of 300 Biscayne Blvd Way Apt 4604Photo 36 of 300 Biscayne Blvd Way Apt 4604Photo 37 of 300 Biscayne Blvd Way Apt 4604Photo 38 of 300 Biscayne Blvd Way Apt 4604Photo 39 of 300 Biscayne Blvd Way Apt 4604Photo 40 of 300 Biscayne Blvd Way Apt 4604Photo 41 of 300 Biscayne Blvd Way Apt 4604Photo 42 of 300 Biscayne Blvd Way Apt 4604Photo 43 of 300 Biscayne Blvd Way Apt 4604Photo 44 of 300 Biscayne Blvd Way Apt 4604Photo 45 of 300 Biscayne Blvd Way Apt 4604Photo 46 of 300 Biscayne Blvd Way Apt 4604Photo 47 of 300 Biscayne Blvd Way Apt 4604Photo 48 of 300 Biscayne Blvd Way Apt 4604Photo 49 of 300 Biscayne Blvd Way Apt 4604Photo 50 of 300 Biscayne Blvd Way Apt 4604Photo 51 of 300 Biscayne Blvd Way Apt 4604Photo 52 of 300 Biscayne Blvd Way Apt 4604Photo 53 of 300 Biscayne Blvd Way Apt 4604Photo 54 of 300 Biscayne Blvd Way Apt 4604Photo 55 of 300 Biscayne Blvd Way Apt 4604Photo 56 of 300 Biscayne Blvd Way Apt 4604Photo 57 of 300 Biscayne Blvd Way Apt 4604Photo 58 of 300 Biscayne Blvd Way Apt 4604Photo 59 of 300 Biscayne Blvd Way Apt 4604Photo 60 of 300 Biscayne Blvd Way Apt 4604Photo 61 of 300 Biscayne Blvd Way Apt 4604Photo 62 of 300 Biscayne Blvd Way Apt 4604Photo 63 of 300 Biscayne Blvd Way Apt 4604Photo 64 of 300 Biscayne Blvd Way Apt 4604Photo 65 of 300 Biscayne Blvd Way Apt 4604
1 / 65
Photo 1 of 300 Biscayne Blvd Way Apt 4604Photo 2 of 300 Biscayne Blvd Way Apt 4604Photo 3 of 300 Biscayne Blvd Way Apt 4604Photo 4 of 300 Biscayne Blvd Way Apt 4604Photo 5 of 300 Biscayne Blvd Way Apt 4604Photo 6 of 300 Biscayne Blvd Way Apt 4604Photo 7 of 300 Biscayne Blvd Way Apt 4604Photo 8 of 300 Biscayne Blvd Way Apt 4604Photo 9 of 300 Biscayne Blvd Way Apt 4604Photo 10 of 300 Biscayne Blvd Way Apt 4604Photo 11 of 300 Biscayne Blvd Way Apt 4604Photo 12 of 300 Biscayne Blvd Way Apt 4604Photo 13 of 300 Biscayne Blvd Way Apt 4604Photo 14 of 300 Biscayne Blvd Way Apt 4604Photo 15 of 300 Biscayne Blvd Way Apt 4604Photo 16 of 300 Biscayne Blvd Way Apt 4604Photo 17 of 300 Biscayne Blvd Way Apt 4604Photo 18 of 300 Biscayne Blvd Way Apt 4604Photo 19 of 300 Biscayne Blvd Way Apt 4604Photo 20 of 300 Biscayne Blvd Way Apt 4604Photo 21 of 300 Biscayne Blvd Way Apt 4604Photo 22 of 300 Biscayne Blvd Way Apt 4604Photo 23 of 300 Biscayne Blvd Way Apt 4604Photo 24 of 300 Biscayne Blvd Way Apt 4604Photo 25 of 300 Biscayne Blvd Way Apt 4604Photo 26 of 300 Biscayne Blvd Way Apt 4604Photo 27 of 300 Biscayne Blvd Way Apt 4604Photo 28 of 300 Biscayne Blvd Way Apt 4604Photo 29 of 300 Biscayne Blvd Way Apt 4604Photo 30 of 300 Biscayne Blvd Way Apt 4604Photo 31 of 300 Biscayne Blvd Way Apt 4604Photo 32 of 300 Biscayne Blvd Way Apt 4604Photo 33 of 300 Biscayne Blvd Way Apt 4604Photo 34 of 300 Biscayne Blvd Way Apt 4604Photo 35 of 300 Biscayne Blvd Way Apt 4604Photo 36 of 300 Biscayne Blvd Way Apt 4604Photo 37 of 300 Biscayne Blvd Way Apt 4604Photo 38 of 300 Biscayne Blvd Way Apt 4604Photo 39 of 300 Biscayne Blvd Way Apt 4604Photo 40 of 300 Biscayne Blvd Way Apt 4604Photo 41 of 300 Biscayne Blvd Way Apt 4604Photo 42 of 300 Biscayne Blvd Way Apt 4604Photo 43 of 300 Biscayne Blvd Way Apt 4604Photo 44 of 300 Biscayne Blvd Way Apt 4604Photo 45 of 300 Biscayne Blvd Way Apt 4604Photo 46 of 300 Biscayne Blvd Way Apt 4604Photo 47 of 300 Biscayne Blvd Way Apt 4604Photo 48 of 300 Biscayne Blvd Way Apt 4604Photo 49 of 300 Biscayne Blvd Way Apt 4604Photo 50 of 300 Biscayne Blvd Way Apt 4604Photo 51 of 300 Biscayne Blvd Way Apt 4604Photo 52 of 300 Biscayne Blvd Way Apt 4604Photo 53 of 300 Biscayne Blvd Way Apt 4604Photo 54 of 300 Biscayne Blvd Way Apt 4604Photo 55 of 300 Biscayne Blvd Way Apt 4604Photo 56 of 300 Biscayne Blvd Way Apt 4604Photo 57 of 300 Biscayne Blvd Way Apt 4604Photo 58 of 300 Biscayne Blvd Way Apt 4604Photo 59 of 300 Biscayne Blvd Way Apt 4604Photo 60 of 300 Biscayne Blvd Way Apt 4604Photo 61 of 300 Biscayne Blvd Way Apt 4604Photo 62 of 300 Biscayne Blvd Way Apt 4604Photo 63 of 300 Biscayne Blvd Way Apt 4604Photo 64 of 300 Biscayne Blvd Way Apt 4604Photo 65 of 300 Biscayne Blvd Way Apt 4604
1 / 65
Street view
View full map & nearby schools →

Neighborhood

Show every detail
Statusfor_sale
Listed date2024-08-27
Removed date—
MLSMiamiMLS #A11648147
Coordinates25.77065, -80.18828
Address300 Biscayne Blvd Way Apt 4604
CityMiami
StateFL
Zip33131
Listing ID9985447783
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$6,550,000
Down payment (20.0%)$1,310,000
Loan amount$5,240,000
Closing costs (5.0%)$327,500
Total cash to close$1,637,500
Income
Rent (comp-derived)$22,000$264,000
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$264,000
Vacancy rate (assumption) assumption8.0%

$264,000 × 8.0% = $21,120

Effective gross income$20,240$242,880
Operating expenses
Property tax (placeholder 1.9% of price)$10,371$124,450
Insurance (placeholder 0.8% of price)$4,367$52,400
HOA dues$5,993$71,916
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$1,100$13,200
Total operating expenses$21,831$261,966
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$242,880
Total operating expenses derived$261,966

$242,880 − $261,966 = -$19,086

Debt service & reserves
Debt service (6.66%, avg 30yr rate as of 2026-08-27, 30yr amortizing)

Monthly Principal & Interest

Standard amortization on the loan amount, at the effective rate and term

Loan amount derived$5,240,000
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$5,240,000 amortized at 6.7% over 30 years = $33,674/mo

CapEx reserve (5.0% of GSR)$1,100$13,200
Mortgage insurance (PMI) (0.0% of loan, not required — down payment ≥ 20%)$0$0
Cash flow

Monthly Cash Flow

(NOI − Annual Debt Service − Annual CapEx Reserve − Annual PMI) ÷ 12

NOI derived-$19,086
Annual debt service derived$404,084
Annual CapEx reserve assumption$13,200
Annual PMI assumption$0

(-$19,086 − $404,084 − $13,200 − $0) ÷ 12 = -$36,364

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived-$19,086
Purchase price data$6,550,000

-$19,086 ÷ $6,550,000 = -0.3%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived-$436,370
Total cash to close derived$1,637,500

-$436,370 ÷ $1,637,500 = -26.6%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived-$19,086
Annual debt service derived$404,084

-$19,086 ÷ $404,084 = -0.05

Rent-to-price (1% rule)

Rent-to-Price (the "1% rule")

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$264,000
Purchase price data$6,550,000

($264,000 ÷ 12) ÷ $6,550,000 = 0.3%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$6,550,000
Gross scheduled rent (annual) comp$264,000

$6,550,000 ÷ $264,000 = 24.8

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$261,966
Effective gross income derived$242,880

$261,966 ÷ $242,880 = 107.9%

Break-even occupancy

Break-Even Occupancy

(Total OpEx + Annual Debt Service + Annual PMI) ÷ Gross Scheduled Rent

Total operating expenses derived$261,966
Annual debt service derived$404,084
Annual PMI assumption$0
Gross scheduled rent (annual) comp$264,000

($261,966 + $404,084 + $0) ÷ $264,000 = 252.3%

Comparables

Same ZIP. Real active rental listings, used to derive the rent estimate above.

AddressTypeBedsBathsSqftAsking rentListedDays on market
condos342,422$24,5002026-08-18—
condos342,700$32,5002026-07-21—
condos342,591$12,5002026-07-20—
condos342,591$13,0002026-07-15—
condos363,214$33,0002026-06-29—
condos342,700$32,5002026-06-01—
condos352,418$18,0002026-06-01—
condos363,536$35,7002026-05-26—
condos342,422$18,5002026-05-22—
condos352,742$30,0002026-05-21—
condos342,510$12,2502026-05-09—
condos342,457$14,5002026-04-27—
condos353,310$15,0002026-04-24—
condos343,357$19,5002025-11-12—
condos363,536$34,0002026-02-13—
condos353,078$29,0002026-04-24—
condos342,510$11,500——
condos343,078$30,000——

300 Biscayne Boulevard Way Unit 2902E

Miami, 33131 · rent comp

Bedrooms / bathrooms3 bd / 4 ba
Square footage2,422
Listed2026-08-18
Days on market—

Asking rent: $24,500

View on Zillow →

1331 Brickell Bay Dr Apt BL48

Miami, 33131 · rent comp

Bedrooms / bathrooms3 bd / 4 ba
Square footage2,700
Listed2026-07-21
Days on market—

Asking rent: $32,500

View on Zillow →

901 Brickell Key Blvd Apt 3004

Miami, 33131 · rent comp

Bedrooms / bathrooms3 bd / 4 ba
Square footage2,591
Listed2026-07-20
Days on market—

Asking rent: $12,500

View on Zillow →

901 Brickell Key Blvd Apt 2804

Miami, 33131 · rent comp

Bedrooms / bathrooms3 bd / 4 ba
Square footage2,591
Listed2026-07-15
Days on market—

Asking rent: $13,000

View on Zillow →

300 Biscayne Blvd Way Apt 5104

Miami, 33131 · rent comp

Bedrooms / bathrooms3 bd / 6 ba
Square footage3,214
Listed2026-06-29
Days on market—

Asking rent: $33,000

View on Zillow →

1331 Brickell Bay Dr

Miami, 33131 · rent comp

Bedrooms / bathrooms3 bd / 4 ba
Square footage2,700
Listed2026-06-01
Days on market—

Asking rent: $32,500

View on Zillow →

1000 Brickell Plz Ph 5304

Miami, 33131 · rent comp

Bedrooms / bathrooms3 bd / 5 ba
Square footage2,418
Listed2026-06-01
Days on market—

Asking rent: $18,000

View on Zillow →

300 Biscayne Blvd Way Apt 3604

Miami, 33131 · rent comp

Bedrooms / bathrooms3 bd / 6 ba
Square footage3,536
Listed2026-05-26
Days on market—

Asking rent: $35,700

View on Zillow →

300 Biscayne Blvd Way Apt 1802

Miami, 33131 · rent comp

Bedrooms / bathrooms3 bd / 4 ba
Square footage2,422
Listed2026-05-22
Days on market—

Asking rent: $18,500

View on Zillow →

300 Biscayne Boulevard Way

Miami, 33131 · rent comp

Bedrooms / bathrooms3 bd / 5 ba
Square footage2,742
Listed2026-05-21
Days on market—

Asking rent: $30,000

View on Zillow →

808 Brickell Key Dr Apt 3304

Miami, 33131 · rent comp

Bedrooms / bathrooms3 bd / 4 ba
Square footage2,510
Listed2026-05-09
Days on market—

Asking rent: $12,250

View on Zillow →

200 Biscayne Boulevard Way Apt 5001

Miami, 33131 · rent comp

Bedrooms / bathrooms3 bd / 4 ba
Square footage2,457
Listed2026-04-27
Days on market—

Asking rent: $14,500

View on Zillow →

888 Brickell Key Dr Apt 2802

Miami, 33131 · rent comp

Bedrooms / bathrooms3 bd / 5 ba
Square footage3,310
Listed2026-04-24
Days on market—

Asking rent: $15,000

View on Zillow →

Miami, 33131 · rent comp

Bedrooms / bathrooms3 bd / 4 ba
Square footage3,357
Listed2025-11-12
Days on market—

Asking rent: $19,500

View on Zillow →

300 Biscayne Blvd Way Apt 4404

Miami, 33131 · rent comp

Bedrooms / bathrooms3 bd / 6 ba
Square footage3,536
Listed2026-02-13
Days on market—

Asking rent: $34,000

View on Zillow →

300 Biscayne Blvd Way Apt 3203

Miami, 33131 · rent comp

Bedrooms / bathrooms3 bd / 5 ba
Square footage3,078
Listed2026-04-24
Days on market—

Asking rent: $29,000

View on Zillow →

808 Brickell Key Dr Apt 2504

Miami, 33131 · rent comp

Bedrooms / bathrooms3 bd / 4 ba
Square footage2,510
Listed—
Days on market—

Asking rent: $11,500

View on Zillow →

300 Biscayne Boulevard Way Apt 2103

Miami, 33131 · rent comp

Bedrooms / bathrooms3 bd / 4 ba
Square footage3,078
Listed—
Days on market—

Asking rent: $30,000

View on Zillow →

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.

AddressTypeBedsBathsLiving sqftSale priceSale date
901 Brickell Key Blvd Apt 3004condos342,591$2,350,0002026-08-31
1425 Brickell Ave Apt 58Econdos343,357$4,800,0002026-08-31
900 Brickell Key Blvd Apt 1101condos342,065$2,200,0002026-08-25
801 Brickell Key Blvd Apt 2203condos331,659$1,600,0002026-08-14
500 Brickell Ave Apt 4101condos331,494$980,0002026-08-13
701 Brickell Key Blvd Apt 1903condos331,719$1,260,0002026-08-12
1200 Brickell Bay Dr Apt 1924condos321,232$700,0002026-08-10
1080 Brickell Ave Unit 3300condos331,593$1,257,5002026-07-23
495 Brickell Ave Apt 5703condos332,172$2,250,0002026-07-15
1155 Brickell Bay Dr Ph 303condos331,940$1,600,0002026-07-08
808 Brickell Key Dr Apt 2104condos342,510$2,200,0002026-06-23
950 Brickell Bay Dr Apt 5505condos331,926$1,700,0002026-06-16
888 Brickell Key Dr Apt 1903condos332,050$1,475,0002026-06-08
1300 Brickell Bay Dr Apt 3406condos331,308$1,200,0002026-06-08
1300 Brickell Bay Dr Apt 3302condos331,308$1,280,0002026-06-03
300 Biscayne Blvd Way Unit 403Ccondos331,829$2,300,0002026-05-25
701 Brickell Key Blvd Apt 1603condos331,719$1,150,0002026-05-06
1000 Brickell Plz Unit 4410condos341,685$1,930,0002026-04-17
1010 Brickell Ave Unit 4206condos331,442$1,330,0002026-04-06
901 Brickell Key Blvd Apt 906condos331,944$1,650,0002026-03-27
500 Brickell Ave Apt 2901condos331,494$1,100,0002026-03-26
1000 Brickell Plz Ph 6002condos342,342$3,750,0002026-03-10
300 Biscayne Blvd Way Apt 3307condos342,346$2,650,0002026-03-10
1331 Brickell Bay Dr Apt 2807condos332,130$2,025,0002026-03-04
300 Biscayne Blvd Way Apt 3902condos342,442$3,110,0002026-02-27
1155 Brickell Bay Dr Apt 2004condos321,510$842,5002026-02-27
520 Brickell Key Dr Apt A604condos331,624$750,0002026-02-26

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.

AddressTypeBedsBathsSqftAsking priceDays on market
200 Biscayne Boulevard Way Apt 4902condos342,457$2,445,000—
465 Brickell Ave Apt 4101condos321,825$4,995,000—
68 SE 6th St Apt 1904condos341,641$1,475,000—
1000 Brickell Plz Unit 3002condos341,909$2,550,000—
1331 Brickell Bay Dr Apt 3607condos332,130$2,375,000—
335 S Biscayne Blvd Apt 1209condos321,792$1,490,000—
1010 Brickell Ave Unit 4701condos331,753$1,890,000—
1200 Brickell Bay Dr Apt 3701condos321,105$1,250,000—

10-year hold projection

IRR-7.8%
Equity multiple-0.32x
Total return (10yr)-$1,306,581
YearProperty valueNOICash flowLoan balanceEquity
1$6,746,500-$19,086-$436,370$5,183,187$1,563,313
2$6,948,895-$18,349-$435,963$5,122,472$1,826,423
3$7,157,362-$17,557-$435,509$5,057,588$2,099,774
4$7,372,083-$16,707-$435,006$4,988,248$2,383,834
5$7,593,245-$15,798-$434,452$4,914,147$2,679,098
6$7,821,043-$14,826-$433,844$4,834,957$2,986,085
7$8,055,674-$13,789-$433,181$4,750,329$3,305,344
8$8,297,344-$12,683-$432,458$4,659,890$3,637,454
9$8,546,264-$11,507-$431,674$4,563,240$3,983,024
10$8,802,652-$10,256-$430,825$4,459,953$4,342,699
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.
All figures are estimates for evaluation purposes only, not investment, tax, legal, or insurance advice. Property tax is estimated from a real matched tax bill or millage rate when available, a placeholder % of price otherwise; insurance is scaled by flood and wind risk where those are known and a flat percentage otherwise — never a real quote. Verify all of them, along with association restrictions and permit status, before committing capital. Rent estimates come from real comps or Zillow’s ZIP index, not appraisals.