Condo / High-rise home in Miami Beach, FL
A Condo condo in Miami Beach, FL, it offers 2 bedrooms and 2 bathrooms across 1,180 square feet. It sits within the greater Miami, FL area.
| Price | $990,000 |
|---|
| Beds | 2 |
|---|
| Baths | 2 |
|---|
| Sqft | 1180 |
|---|
| Architectural style | Condo / High-rise (97% match) |
|---|
| Address | 1623 Collins Ave Unit 220, Miami Beach, FL 33139 |
|---|
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 $990K, this home is 74% above the $570K median for 10039 similar Condo / High-rise homes in Miami, FL.
- That works out to $839 per square foot, 53% above the $547 comparable rate.
- On the market 11 days.
| This home | $990,000 |
|---|
| Condo / High-rise median in Miami, FL | $570,000 (10039 homes) |
|---|
| Price per sq ft | $839 vs. $547 comps median |
|---|
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 $6,541/month with 20% down at a 7.28% 30-year fixed rate. You would need about $280,327 in gross annual income to keep housing within a 28% ratio.
| Mortgage (P&I) | $5,419/mo |
|---|
| Property tax (new-buyer reassessed rate) | $751/mo |
|---|
| Homeowners insurance | $371/mo |
|---|
| Total monthly | $6,541/mo |
|---|
| Down payment (20%) | $198,000 |
|---|
| Income needed | $280,327/yr |
|---|
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) |
|---|
| Beats renting in | 8% of modeled paths |
|---|
| Modeled 5-yr equity (median) | $405,809 |
|---|
| Range (10th to 90th pct) | $218,703 to $620,464 |
|---|
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.
Explore more
Similar homes
- 808 Brickell Key Dr APT 404, Miami, FL 33131 · $2,100,000
- 20515 E Country Club Unit 248, Aventura, FL 33180 · $199,000
- 3300 NE 192nd Unit 1101, Aventura, FL 33180 · $615,000
- 21050 NE 38th Ave APT 305, Miami, FL 33180 · $1,280,000
- 90 Edgewater Dr Unit 327, Coral Gables, FL 33133 · $789,000
- 650 West Ave #406, Miami Beach, FL 33139 · $535,000
- 3300 NE 191st St Unit 1801, Aventura, FL 33180 · $361,300
- 90 Edgewater Unit 327, Coral Gables, FL 33133 · $789,000
View this home on Estately