Condo / High-rise home in Coral Gables, FL
This Condo condo in Coral Gables, FL offers 3 bedrooms and 3 bathrooms across 2,270 square feet. It sits within the greater Miami, FL area.
| Price | $1,390,000 |
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| Beds | 3 |
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| Baths | 3 |
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| Sqft | 2270 |
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| Architectural style | Condo / High-rise (100% match) |
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| Address | 721 Biltmore Way Unit 601, Coral Gables, FL 33134 |
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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 Estately.
Is this a good buy?
Priced a little under the area.
- At $1.4M, this home is 142% above the $575K median for 8320 similar Condo / High-rise homes in Miami, FL.
- That works out to $612 per square foot, 12% above the $546 comparable rate.
| This home | $1,390,000 |
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| Condo / High-rise median in Miami, FL | $575,000 (8320 homes) |
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| Price per sq ft | $612 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 $9,184/month with 20% down at a 7.28% 30-year fixed rate. You would need about $393,590 in gross annual income to keep housing within a 28% ratio.
| Mortgage (P&I) | $7,608/mo |
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| Property tax (new-buyer reassessed rate) | $1,054/mo |
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| Homeowners insurance | $521/mo |
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| Total monthly | $9,184/mo |
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| Down payment (20%) | $278,000 |
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| Income needed | $393,590/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 (73 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 (73/100) |
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| Beats renting in | 32% of modeled paths |
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| Modeled 5-yr equity (median) | $809,673 |
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| Range (10th to 90th pct) | $515,968 to $1,169,125 |
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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