Condo / High-rise home in Miami Beach, FL
This 770-square-foot Condo condo in Miami Beach, FL includes 1 bedroom and 1.5 bathrooms. The Condo styling carries through the home's design.
| Price | $280,000 |
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| Beds | 1 |
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| Baths | 1.5 |
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| Sqft | 770 |
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| Architectural style | Condo / High-rise (98% match) |
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| Address | 1340 Lincoln Rd #604, Miami Beach, FL 33139 |
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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 $280K, this home is 51% below the $570K median for 10039 similar Condo / High-rise homes in Miami, FL.
- That works out to $364 per square foot, 33% below the $547 comparable rate.
- New to market (2 days), so expect competition.
| This home | $280,000 |
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| Condo / High-rise median in Miami, FL | $570,000 (10039 homes) |
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| Price per sq ft | $364 vs. $547 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 $1,850/month with 20% down at a 7.28% 30-year fixed rate. You would need about $79,284 in gross annual income to keep housing within a 28% ratio.
| Mortgage (P&I) | $1,533/mo |
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| Property tax (new-buyer reassessed rate) | $212/mo |
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| Homeowners insurance | $105/mo |
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| Total monthly | $1,850/mo |
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| Down payment (20%) | $56,000 |
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| Income needed | $79,284/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 C- (54 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- (54/100) |
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| Beats renting in | 7% of modeled paths |
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| Modeled 5-yr equity (median) | $113,620 |
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| Range (10th to 90th pct) | $63,349 to $174,477 |
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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.
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