Sunny Isles Beach & Miami Beach Luxury Condo Anlaysis within the price band of $500,000 to $1.2M

access_timehomeBlog Home

Sunny Isles & Miami Beach Luxury Condo Anlaysis within the price band of $500,000 to $1.2M.

jade condos sunny isles beach header image
In my opinion, these are the most attractive condos priced well along the ocean in April within this price band from $500k to $1.2M.

All estimates are based on asking prices with market average sale to list price at 88%. Rental service fees were not included (tax deductible expense) and range from 10% gross to 1 month rental income.

Tax estimates are derived from Miami Dade County Tax Estimate website here. Year 1 tax estimates are prorated on current owners tax amount due and reassessed on year 2 based on area sales+sale price.

All rental values are my best valuation based on recent comparable rentals a conservative estimate. Rental income can vary on building, season, competition and these figures are my best estimate for a rental occurring under the average days on market.

Figures derived from MLS (SEF Multiple Listing Service) and IMAPP Database with final estimates assuming there is no mortgage on the property. Click on the property link for more information.

SqFt Liv Area: 2107 /PPSF $567
No County recordings – new
List Price $1.195M
Maintenance $1,080+
Taxes $22,615/12= $1,885/mo
Total Monthly Costs $2,965
Rental Value $4,500
ROI 2%
SqFt Liv Area:2600 /PPSF $381
County Assessed Value $1.074M
Paid $1.580M in 2007
Price Difference -37%
List Price $990,000
Maintenance $1,804
Taxes $18,735/12= $1,561/mo
Total Monthly Costs $3,365
Rental Value $4,500
ROI 1%
SqFt Liv Area: 2107 /PPSF $506
County Assessed Value $976,910
Paid $700k in 2003
Price Difference to List +34%
List Price $1.065M
Maintenance $1,505
Taxes $20,157/12= $1,680/mo
Total Monthly Costs $3,185
Rental Value $4,900
ROI 2%
SqFt Liv Area: 1600 /PPSF $481
County Assessed Value $857,470
Paid $850k in 2006
Price Difference to List -10%
List Price $769,000
Maintenance $1,020
Taxes $14,553/12= $1,213/mo
Total Monthly Costs $2,233
Rental Value $3,900
ROI 3%
SqFt Liv Area: 1600 /PPSF $481
County Assessed Value $848,930
Paid $850k in 2006
Price Difference to List -10%
List Price $769,000
Maintenance $1,020
Taxes $14,553/12= $1,213/mo
Total Monthly Costs $2,233
Rental Value $3,900
ROI 3%
SqFt Liv Area: 2435 /PPSF $409
County Assessed Value $1.047M
Paid $1.4M in 2007
Price Difference to List -29%
List Price $995,000
Maintenance $1,650
Taxes $18,830/12= $1,569/mo
Total Monthly Costs $3,219
Rental Value $4,250
ROI 1%
SqFt Liv Area: 1600 /PPSF $600
*KW listing -owner upgrades of $300k
List Price $960,000
Maintenance $1,016
Taxes $18,167/12= $1,514/mo
Total Monthly Costs $2,530
Rental Value $4,000
ROI 2%
SqFt Liv Area: 1179 /PPSF $559
County Assessed Value $568,700
Paid $691,492 in 2007
Price Difference to List -5%
List Price $659,000
Maintenance $1,780
Taxes $12,471/12= $1,039/mo
Total Monthly Costs $2,819
Rental Value $4,000
ROI 2%
SqFt Liv Area: 1602 /PPSF $468
County Assessed Value $638,830
Paid $610k in 2006
Price Difference to List +19%
List Price $749,000
Maintenance $757
Taxes $14,171/12= $1,181/mo
Total Monthly Costs $1,938
Rental Value $2,750
ROI 1%
SqFt Liv Area: 2235 /PPSF $534
County Assessed Value $1.338M
Paid $1.2M in 2008
Price Difference to List 0%
List Price $1,200,000
Maintenance $1,600
Taxes $22,709/12= $1,892/mo
Total Monthly Costs $3,492
Rental Value $5,500
ROI 2%
SqFt Liv Area: 1183 /PPSF $465
County Assessed Value $547,300
Paid $700k in 2005
Price Difference to List -21%
List Price $550,000
Maintenance $800
Taxes $10,408/12= $867/mo
Total Monthly Costs $1,667
Rental Value $2,300
ROI 1%
SqFt Liv Area: 1447 /PPSF $413
County Assessed Value $349,347
Paid $635,000 in 2005
Price Difference to List -6%
List Price $597,000
Maintenance $700
Taxes $11,298/12= $942
Total Monthly Costs $1,642
Rental Value $2,100
ROI 1%
Relay your thoughts, comments, or opinions below for the readers to review.
For more information call Ashton Coleman at  1.888.383.7326

5 thoughts on “Sunny Isles Beach & Miami Beach Luxury Condo Anlaysis within the price band of $500,000 to $1.2M”

  1. Pingback: Sunny Isles Beach & Miami Beach Luxury Condo Anlaysis withing the price band of $500,000 to $1.2M Video

  2. Spelling issue caught & corrected (withing/within) Thank you Artur! Unit 1906 at Trump Palace hit the market yesterday at an awesome price of 399k (1200 SqFt). It’s just under the Spa level and mint condition other than the home depot closets. Great bay views facing WNW and should sell fast!