Condo / High-rise home in 185 SW 7th St #3006 Miami, FL
This 451-square-foot Condo condo in Miami, FL includes 1 bathroom. Its Condo character defines the property's look.
| Price | $395,000 |
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| Baths | 1 |
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| Sqft | 451 |
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| Architectural style | Condo / High-rise (98% match) |
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| Address | 185 SW 7th St #3006 Miami, FL 33130 |
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Why buy this home
- Confirmed Condo / High-rise architecture, matched from the listing photos by Enzo's vision model.
- Links directly to the original source listing on Movoto.
Is this a good buy?
Priced below comparable homes.
- At $395K, this home is 31% below the $575K median for 8320 similar Condo / High-rise homes in Miami, FL.
- That works out to $876 per square foot, 60% above the $546 comparable rate.
| This home | $395,000 |
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| Condo / High-rise median in Miami, FL | $575,000 (8320 homes) |
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| Price per sq ft | $876 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 $2,610/month with 20% down at a 7.28% 30-year fixed rate. You would need about $111,848 in gross annual income to keep housing within a 28% ratio.
| Mortgage (P&I) | $2,162/mo |
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| Property tax (new-buyer reassessed rate) | $300/mo |
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| Homeowners insurance | $148/mo |
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| Total monthly | $2,610/mo |
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| Down payment (20%) | $79,000 |
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| Income needed | $111,848/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 B- (66 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 | B- (66/100) |
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| Beats renting in | 20% of modeled paths |
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| Modeled 5-yr equity (median) | $197,943 |
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| Range (10th to 90th pct) | $120,959 to $292,422 |
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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 Movoto