17150 N Bay Rd #2319 · Sunny Isles Beach, FL 33160

$328,000

1 bd · 1.0 ba · 673 sqft · Condo public records · 93 Days on market

Built 2003 $637/mo HOA · 18% of rent

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Why this score? — see what drove the D+ grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +13.4/30.0
• ARV discount +7.5/15.0
• 1% rule +6.0/10.0
• Appreciation +5.3/10.0
• Livability +4.3/5.0
• Schools +4.2/10.0
• DSCR +4.0/10.0
• Rent growth +2.7/5.0
• Condition / age +2.5/5.0

Listing remarks

THE ONLY UNIT FEATURING 2-TWO PARKING SPACES. FRESHLY PAINTED. SPACIOUS AND BRIGHT! LOCATED IN PRESTIGIOUS PORTO BELLAGIO IN SUNNY ISLES BEACH. AMAZING GARDEN VIEWS!!! WASHER AND DRYER INSIDE THE UNIT. ENJOY THE EXCELLENT AMENITIES AT THE BUILDING. POOL, BILLIARDS, GYM, BUSINESS CENTER, EXCELLENT LOCATION, CLOSE TO EVERYTHING. WITH WALKING DISTANCE TO THE BEACHES.

Key facts

• Billiards
• Two parking spaces
• Washer and dryer

Tags

• TWO PARKING SPACES
• GARDEN VIEWS
• WASHER AND DRYER
• POOL
• BILLIARDS
• GYM

Property features AI

Finance

• Financial info: Pets allowed with restrictions or conditions
• HOA & community: Monthly association fee; Association fee includes management, amenities, common areas, insurance, legal/accounting; Community amenities: billiard room, bike storage, business center, clubhouse, fitness center, pool, elevators

Exterior

• Parking: Detached covered garage; Assigned parking; Two or more parking spaces (2 covered)
• Security: Doorman; Key card entry; Smoke detectors
• Utilities: Cable available
• Home design: Condominium (attached property); 9-story building; Faces south; Entry on level 3
• Construction: Block construction
• Exterior features: Bay front waterfront; Security/high-impact doors; Complex fenced

Interior

• Kitchen: Dishwasher; Microwave; Electric range; Refrigerator
• Bedrooms: Bedroom on main level
• Flooring: Hardwood; Tile; Wood
• Bathrooms: 1 full bathroom
• Heating & cooling: Electric heating; Electric cooling (central)
• Interior features: Eat-in kitchen; First-floor entry; Tub with shower; Walk-in closets; Elevator access; Bedroom on main level
• Laundry & utility: Washer; Dryer

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath condo listed at $328k.

Deal economics

• At list price, monthly cash flow is $-419 ($-5k/yr) — negative.
• To cash-flow at today's rent, offer at most $254k (22.6% below list).
• Meets the 1% rule at list price ($4k rent vs $328k).
• Recommended offer: $254k (22.6% below list) — sets the bar for cash-flow.
• Cap rate 6.3% vs local median 0.8% in Sunny Isles Beach — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 86/100 on livability (#20 in FL, #434 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, health & safety A+, crime A; Watch: housing C-, cost of living F.
• Miami-Dade (suburban): math 45% / reading 54% proficiency, ranked #40 of 73 in FL (top 55%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 64% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Norman S. Edelcup/Sunny Isles Beach K-8 (math 68% / reading 69%, grade B+, #409 of 2,144 statewide, top 20%, 2,231 students, 30% FRL); Highland Oaks Middle School (math 28% / reading 51%, grade F, #373 of 571 statewide, top 66%, 774 students, 50% FRL); Alonzo & Tracy Mourning Senior High School (math 38% / reading 50%, grade F, #244 of 667 statewide, top 37%, 1,597 students, 48% FRL) — zoned schools average 43% FRL vs 64% district-wide (21 pts lower); this property's tenant base skews higher-income than the district average.
• Market conditions: Rents flat; 1879 active listings in the ZIP; 10,051 units permitted in Miami-Dade County in 2024 (7,758 in 5+ unit buildings).

Forward outlook

• In year one you build about $4k of equity ($2k loan paydown + $2k appreciation (0.5% local appreciation)).
• Miami-Dade County population projected at +28% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• By year 8, paydown + projected appreciation supports a ~$34k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 93 days — a 9% lower offer ($298k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 13y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $262k; 25% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: flood insurance adds $427/mo.
• Climate carrying-cost: in FEMA flood zone AE (mandatory federal flood insurance); severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→28/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $254,023 (22.6% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 93 days. Have you received any prior offers? Is the seller open to a 23% concession, seller financing, or rate buy-down credit?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
4. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
5. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
6. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
7. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
8. Schools are A-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
9. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
10. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
11. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
12. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.10% ✓
• Cap rate: 6.32%
• Cash-on-cash: 0.10%
• DSCR: 1.00
• GRM: 7.5

CMA / ARV

No comps found within radius.

Projected returns pro-forma

0.53% appreciation · 0.94% rent growth · sell at horizon

5-year hold

• IRR: -7.9%
• Equity multiple: 0.62×
• Total profit: $-34,740
• Equity at exit: $103,974

10-year hold

• IRR: -3.8%
• Equity multiple: 0.58×
• Total profit: $-38,300
• Equity at exit: $132,182

Cash invested: $91,840 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 87 Strongly Landlord-Friendly
• State Florida: 87 Strongly Landlord-Friendly · R+3
• County: — inherits STATE
• City: — inherits STATE

3-day pay-or-quit; preempts local rent control; landlord-friendly statutes. Court speed varies by county.

Methodology + full state rankings →

ZIP-level market 33160

• Home prices YoY: 0.2%
• Rents YoY: 0.9%
• Active inventory: 1879
• Price-to-rent: 7.5×

Monthly cashflow live

• Estimated rent: $3,624 medium
• Mortgage (P&I): −$1,720
• Tax from tax record: −$361 /mo · $4,337/yr
• Insurance: −$137
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$637
• Vacancy / Maint / Mgmt: −$761
• Net cashflow: $-419

Break-even live

Break-even rent $4,154

Max offer price $254,023

Occupancy floor —

Sensitivity live

Price	-10% $-233	-5% $-326	+0% $-419	+5% $-512	+10% $-604
Rent	-10% $-705	-5% $-562	+0% $-419	+5% $-276	+10% $-132
Rate	-1.0pp $-254	-0.5pp $-335	base $-419	+0.5pp $-504	+1.0pp $-590

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $82,000
• Closing costs: $9,840
• Reserves months: —
• Total cash needed: —

HOA detail condo

• Monthly dues: $637 · $7,644/yr
• Likely covers: poolgym
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 48 events

1. 2026-06-21
   days on market $328,000 Active 93 DOM
2. 2026-06-18
   days on market $328,000 Active 90 DOM
3. 2026-06-17
   days on market $328,000 Active 89 DOM
4. 2026-06-16
   days on market $328,000 Active 88 DOM
5. 2026-06-15
   days on market $328,000 Active 87 DOM
6. 2026-06-13
   days on market $328,000 Active 85 DOM
7. 2026-06-09
   days on market $328,000 Active 81 DOM
8. 2026-06-08
   days on market $328,000 Active 80 DOM
9. 2026-06-07
   days on market $328,000 Active 79 DOM
10. 2026-06-04
    days on market $328,000 Active 76 DOM
11. 2026-06-03
    days on market $328,000 Active 75 DOM
12. 2026-06-02
    days on market $328,000 Active 74 DOM
13. 2026-06-02
    price $328,000 Active 73 DOM
14. 2026-06-01
    days on market $329,000 Active 73 DOM
15. 2026-05-31
    days on market $329,000 Active 72 DOM
16. 2026-05-21
    price $329,000
17. 2026-03-20
    listed $339,000 Active
18. 2026-02-23
    historical
19. 2026-02-17
    price $357,000
20. 2026-02-02
    price $361,000
21. 2026-01-05
    price $351,000
22. 2025-12-26
    price $349,000
23. 2025-12-04
    price $356,000
24. 2025-11-12
    price $354,000
25. 2025-10-16
    price $349,000
26. 2025-09-17
    listed $359,000 Active
27. 2025-07-16
    historical
28. 2025-05-26
    price $374,000
29. 2025-05-05
    price $379,000
30. 2025-03-04
    price $384,000
31. 2024-11-25
    price $379,000
32. 2024-10-30
    price $375,000
33. 2024-09-17
    listed $379,000 Active
34. 2024-06-30
    historical
35. 2024-04-18
    price $379,000
36. 2024-03-18
    price $389,000
37. 2023-10-01
    listed $399,000 Active
38. 2016-11-22
    historical
39. 2016-10-11
    listed $295,000 Active
40. 2015-04-15
    soldstatus $262,500 Sold
41. 2015-04-15
    historical
42. 2015-02-25
    soldstatus $262,500
43. 2015-02-04
    status Pending
44. 2014-11-20
    listed $299,000 Active
45. 2014-11-01
    historical
46. 2014-01-31
    price $275,000
47. 2013-10-08
    listed $295,000 Active
48. 2004-05-14
    soldstatus $119,500,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast FL · Resets to sale price

• Current annual tax: $4,337 · $361/mo
• Projected year-2 tax: $4,337 · $361/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 9/10 Extreme FEMA zone AE · 99% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥103°F today · 28 d/yr by 30 yrs out
• 💨 Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $43,488
• − Mortgage interest: −$18,373
• − Property taxes: −$4,337
• − Insurance: −$6,758
• − Repairs & maintenance: −$3,479
• − Management: −$3,479
• − HOA: −$7,644
• − Depreciation: −$9,542
• Taxable loss: −$10,125
• Est. tax savings @ 24.0%: +$2,430
• After-tax cash flow: $-2,595/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Miami-Dade
• NCES district ID: 1200390
• Math proficiency: 45% ▼ -16.00%
• Reading proficiency: 54% ▼ -5.00%
• Median HH income: $43,928
• Composite: 41.76/100
• National rank: #3397
• State rank: #40 of 73 in FL

Livability — Sunny Isles Beach

• Score: 86/100
• State rank: #20
• US rank: #434

Category grades

Amenities A+ Commute A- Cost of living F Crime A Employment C Housing C- Health & safety A+ User ratings A+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Sunny Isles Beach, FL
• County: Miami-Dade County · 2,697,751 people
• Metro: Miami-Fort Lauderdale-Pompano Beach, FL
• Population (ZIP): 43,718
• Household income: $67,040
• Rent vs Own: 41.0% rent · 59.0% own
• Severe rent burden: 3106.0

Population outlook (Miami-Dade County) Hauer SSP2

• Today (2025): 3,126,439 people
• By 2030: 3,325,765 · +6.4%
• By 2040: 3,697,561 · +18.3%
• By 2050: 4,012,134 · +28.3%
• By 2075: 4,605,612 · +47.3%
• By 2100: 4,866,598 · +55.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.59)
• Race & ethnicity: Hispanic / Latino 46% White 44% Two or more races 27% Black 4% Asian 2%
• Hispanic origin (detail): Mexican 1% Puerto Rican 3% Cuban 8% Dominican 1% Salvadoran 4%
• Common ancestry: Scotch-Irish 8% Hispanic 3% Subsaharan African 3%
• Foreign-born: 61% · Canada, Jamaica, Dominican Republic
• Languages at home: 29% English-only · Spanish 45% Russian/Polish/Slavic 12% Other Indo-European 5%

Political lean MEDSL · Miami-Dade

• 2024 margin: R (+11.4) · D 43.9% · R 55.4%
• 2008→2024 swing: -27.6pp toward R · 2008: 16.1pp · 2024: -11.4pp
• All cycles: 2024: R+11.4 2020: D+7.3 2016: D+29.6 2012: D+23.7 2008: D+16.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 0.53%
• Current HPI: 284.9293
• Rent YoY: ▲ 0.94%
• Metro: Miami-Fort Lauderdale-Pompano Beach, FL
• State GDP YoY: ▲ 3.28%
• F500 in state: 36

Industry mix (Fortune 500 HQ in FL)

Industry	F500 HQs	Revenue
▸Industrial Technology	2	$29B
▸Insurance	2	$17B
▸Retail	1	$60B
▸Technology Distribution	1	$58B
▸Homebuilding	1	$35B
▸Technology Manufacturing	1	$35B

Price history

-99.7% since first listed

33 events — show timeline

• 2026-05-21 Price Changed $329,000 MARMLS
• 2026-03-20 Listed $339,000 MARMLS
• 2026-02-23 Listing Removed — MARMLS
• 2026-02-17 Price Changed $357,000 MARMLS
• 2026-02-02 Price Changed $361,000 MARMLS
• 2026-01-05 Price Changed $351,000 MARMLS
• 2025-12-26 Price Changed $349,000 MARMLS
• 2025-12-04 Price Changed $356,000 MARMLS
• 2025-11-12 Price Changed $354,000 MARMLS
• 2025-10-16 Price Changed $349,000 MARMLS
• 2025-09-17 Listed $359,000 MARMLS
• 2025-07-16 Listing Removed — MARMLS
• 2025-05-26 Price Changed $374,000 MARMLS
• 2025-05-05 Price Changed $379,000 MARMLS
• 2025-03-04 Price Changed $384,000 MARMLS
• 2024-11-25 Price Changed $379,000 MARMLS
• 2024-10-30 Price Changed $375,000 MARMLS
• 2024-09-17 Listed $379,000 MARMLS
• 2024-06-30 Listing Removed — MARMLS
• 2024-04-18 Price Changed $379,000 MARMLS
• 2024-03-18 Price Changed $389,000 MARMLS
• 2023-10-01 Listed $399,000 MARMLS
• 2016-11-22 Listing Removed — MARMLS
• 2016-10-11 Listed $295,000 MARMLS
• 2015-04-15 Sold (MLS) $262,500 MARMLS
• 2015-04-15 Listing Removed — MARMLS
• 2015-02-25 Sold (Public Records) $262,500 Public Records
• 2015-02-04 Pending — MARMLS
• 2014-11-20 Listed $299,000 MARMLS
• 2014-11-01 Listing Removed — MARMLS
• 2014-01-31 Price Changed $275,000 MARMLS
• 2013-10-08 Listed $295,000 MARMLS
• 2004-05-14 Sold (Public Records) $119,500,000 Public Records

Property tax history

+6.5%/yr

Latest (2025): $4,337 · +5.0% YoY. Source: county tax records.