Condo / High-rise home in Miami Beach, FL
Set in Miami Beach, FL, this Condo condo provides 1 bathroom across 220 square feet. Its Condo character defines the property's look.
| Price | $190,000 |
|---|
| Baths | 1 |
|---|
| Sqft | 220 |
|---|
| Architectural style | Condo / High-rise (99% match) |
|---|
| Address | 255 W 24th Unit 435, Miami Beach, FL 33140 |
|---|
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 below comparable homes.
- At $190K, this home is 67% below the $575K median for 8320 similar Condo / High-rise homes in Miami, FL.
- That works out to $864 per square foot, 58% above the $546 comparable rate.
- On the market 12 days.
| This home | $190,000 |
|---|
| Condo / High-rise median in Miami, FL | $575,000 (8320 homes) |
|---|
| Price per sq ft | $864 vs. $546 comps median |
|---|
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 $1,255/month with 20% down at a 7.28% 30-year fixed rate. You would need about $53,800 in gross annual income to keep housing within a 28% ratio.
| Mortgage (P&I) | $1,040/mo |
|---|
| Property tax (new-buyer reassessed rate) | $144/mo |
|---|
| Homeowners insurance | $71/mo |
|---|
| Total monthly | $1,255/mo |
|---|
| Down payment (20%) | $38,000 |
|---|
| Income needed | $53,800/yr |
|---|
A signal to compare homes, not financial advice or a loan offer.
Financial outlook (modeled)
Enzo's grades this home C (58 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 (58/100) |
|---|
| Beats renting in | 10% of modeled paths |
|---|
| Modeled 5-yr equity (median) | $83,398 |
|---|
| Range (10th to 90th pct) | $48,632 to $125,392 |
|---|
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