Condo / High-rise home in Miami Beach, FL
Set in Miami Beach, FL, this Condo condo provides 1 bedroom and 1 bathroom across 655 square feet. Standout details include swimming pool, deck / patio, and walk-in closet. The Condo styling carries through the home's design.
| Price | $454,000 |
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| Beds | 1 |
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| Baths | 1 |
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| Sqft | 655 |
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| Architectural style | Condo / High-rise (52% match) |
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| Address | 401 Ocean Unit 222 (with Parking), Miami Beach, FL 33139 |
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Why buy this home
- Confirmed Condo / High-rise architecture, matched from the listing photos by Enzo's vision model.
- Features: deck / patio, swimming pool, walk-in closet.
- Links directly to the original source listing on Estately.
Is this a good buy?
Priced below comparable homes.
- At $454K, this home is 21% below the $575K median for 8320 similar Condo / High-rise homes in Miami, FL.
- That works out to $693 per square foot, 27% above the $546 comparable rate.
- On the market 13 days.
- The asking price has already been cut about 2%, a sign the seller is motivated.
| This home | $454,000 |
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| Condo / High-rise median in Miami, FL | $575,000 (8320 homes) |
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| Price per sq ft | $693 vs. $546 comps median |
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Enzo's reads public listing data and links to the original source. Confirm condition, HOA, taxes and fees there. This is a signal, not advice.
What it costs to own
Estimated at $3,000/month with 20% down at a 7.28% 30-year fixed rate. You would need about $128,554 in gross annual income to keep housing within a 28% ratio.
| Mortgage (P&I) | $2,485/mo |
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| Property tax (new-buyer reassessed rate) | $344/mo |
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| Homeowners insurance | $170/mo |
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| Total monthly | $3,000/mo |
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| Down payment (20%) | $90,800 |
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| Income needed | $128,554/yr |
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A signal to compare homes, not financial advice or a loan offer.
Financial outlook (modeled)
Enzo's grades this home C- (54 out of 100) over a 5-year hold, from a Monte-Carlo of local home-price dynamics and the interest-rate path versus renting.
| Grade | C- (54/100) |
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| Beats renting in | 8% of modeled paths |
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| Modeled 5-yr equity (median) | $186,518 |
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| Range (10th to 90th pct) | $99,591 to $284,180 |
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A probabilistic model built on public data (Zillow ZHVI, FRED rates), not a guarantee or financial advice. Local price dynamics are pooled toward Miami, FL where local data is thin.
Local home values
Typical home values in Miami, FL have risen about 30% over the past 5 years (0% in the last year), per the Zillow Home Value Index. This reflects the metro market, not this specific home.
View this home on Estately