Condo / High-rise home in Miami, FL
Set in Miami, FL, this Condo condo provides 3 bedrooms and 2 bathrooms across 1,442 square feet. Its Condo character defines the property's look.
| Price | $299,000 |
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| Beds | 3 |
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| Baths | 2 |
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| Sqft | 1442 |
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| Architectural style | Condo / High-rise (41% match) |
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| Address | 8650 SW 109th Ave #3116, Miami, FL 33173 |
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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 Trulia.
Is this a good buy?
Priced below comparable homes.
- At $299K, this home is 48% below the $575K median for 8320 similar Condo / High-rise homes in Miami, FL.
- That works out to $207 per square foot, 62% below the $546 comparable rate.
- On the market 23 days.
| This home | $299,000 |
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| Condo / High-rise median in Miami, FL | $575,000 (8320 homes) |
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| Price per sq ft | $207 vs. $546 comps median |
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It is well below comparable homes, which can mean condition issues, a smaller lot or living area, a leasehold, or a data quirk. Check the source listing before getting excited. 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 $1,976/month with 20% down at a 7.28% 30-year fixed rate. You would need about $84,664 in gross annual income to keep housing within a 28% ratio.
| Mortgage (P&I) | $1,637/mo |
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| Property tax (new-buyer reassessed rate) | $227/mo |
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| Homeowners insurance | $112/mo |
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| Total monthly | $1,976/mo |
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| Down payment (20%) | $59,800 |
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| Income needed | $84,664/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+ (77 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+ (77/100) |
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| Beats renting in | 41% of modeled paths |
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| Modeled 5-yr equity (median) | $186,161 |
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| Range (10th to 90th pct) | $121,996 to $263,667 |
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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 Trulia