Condo / High-rise home in 1611 SW 2nd Ave #1005 Miami, FL
This 353-square-foot Condo condo in Miami, FL includes 1 bathroom. Its Condo character defines the property's look.
| Price | $578,000 |
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| Baths | 1 |
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| Sqft | 353 |
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| Architectural style | Condo / High-rise (100% match) |
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| Address | 1611 SW 2nd Ave #1005 Miami, FL 33129 |
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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 in line with the area.
- At $578K, this home is 1% above the $575K median for 8320 similar Condo / High-rise homes in Miami, FL.
- That works out to $1637 per square foot, 200% above the $546 comparable rate.
| This home | $578,000 |
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| Condo / High-rise median in Miami, FL | $575,000 (8320 homes) |
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| Price per sq ft | $1,637 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 $3,819/month with 20% down at a 7.28% 30-year fixed rate. You would need about $163,666 in gross annual income to keep housing within a 28% ratio.
| Mortgage (P&I) | $3,164/mo |
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| Property tax (new-buyer reassessed rate) | $438/mo |
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| Homeowners insurance | $217/mo |
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| Total monthly | $3,819/mo |
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| Down payment (20%) | $115,600 |
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| Income needed | $163,666/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- (70 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- (70/100) |
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| Beats renting in | 26% of modeled paths |
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| Modeled 5-yr equity (median) | $314,780 |
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| Range (10th to 90th pct) | $195,580 to $453,387 |
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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