525 Meridian Ave #305 · Miami Beach, FL 33139

$267,000

1 bd · 1.0 ba · 590 sqft · Condo public records · 36 Days on market

Built 1969 $458/mo HOA · 12% of rent

---

Why this score? — see what drove the B- 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 +25.3/30.0
• 1% rule +8.8/10.0
• DSCR +8.3/10.0
• ARV discount +7.5/15.0
• Schools +4.2/10.0
• Livability +4.0/5.0
• Appreciation +3.9/10.0
• Condition / age +2.5/5.0
• Rent growth +2.4/5.0

Listing remarks MLS

IN THE HEART OF SOUTH BEACH. 26 UNIT SECURED BUILDING WITH GATED PARKING. CLEAN & BRIGHT 1/1 WITH BALCONY. LARGE BEDROOM WITH PLENTY OF CLOSET SPACE. W/ D IN UNIT, GAS RANGE AND CENTRAL AIR LOW MAINTENANCE FEES, NO RENTAL RESTRICTIONS AND PET FRIENDL Y. JUST 4 BLOCKS TO OCEAN DR, RESTAURANTS AND SHOPPING.

Key facts

• Renovated bathroom
• Gated building
• Pet-friendly

Tags

• OPEN-CONCEPT LAYOUT
• WELL-APPOINTED KITCHEN
• RENOVATED BATHROOM
• GATED BUILDING
• PET-FRIENDLY
• ELEVATOR ACCESS

Property features AI

Finance

• Financial info: Pets allowed (dogs OK)
• HOA & community: Monthly association fee of $458; Association covers common areas and structural maintenance; Building has elevators

Exterior

• Parking: Attached garage (1 space); Carport (1 space); 2 covered parking spaces total
• Security: Key card entry
• Home design: 4-story building; Unit entry on level 3; Attached property
• Construction: Block construction; Resale property
• Exterior features: No notable exterior features listed

Interior

• Kitchen: Electric range; Refrigerator
• Flooring: Tile
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating; Central air conditioning
• Interior features: First-floor entry; Elevator

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath condo listed at $267k.

Deal economics

• At list price, monthly cash flow is $180 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($4k rent vs $267k).
• Recommended offer: $259k (3.0% below list) — sets the bar for market timing.
• Cap rate 9.0% vs local median 1.5% in Miami 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 80/100 on livability (#108 in FL, #1,672 nationally) — a professional / high-income tenant draw. Strengths: crime A+, commute A+, health & safety A+; Watch: housing C-, amenities D-, 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.
• Market conditions: Rents soft (-0.4%/yr); 1208 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 10,051 units permitted in Miami-Dade County in 2024 (7,758 in 5+ unit buildings).
• At $3,682/mo this rent would consume 63% of the median local household income ($70k/yr) (locally 4052% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-2.2%/yr); year-one equity from $2k of loan paydown is wiped out by about $6k of value loss. Plan a longer hold.
• Miami-Dade County population projected at +28% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 36 days — a 3% lower offer ($259k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 11y 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 $210k; 27% 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 8→33/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $258,990 (3.0% below list)

Questions for the listing agent

1. It's been on market 36 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1969 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. 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?
8. 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.
9. 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.
10. 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: 1.38% ✓
• Cap rate: 9.02%
• Cash-on-cash: 9.74%
• DSCR: 1.43
• GRM: 6.0

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-2.19% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -11.7%
• Equity multiple: 0.56×
• Total profit: $-32,797
• Equity at exit: $49,578

10-year hold

• IRR: -9.8%
• Equity multiple: 0.40×
• Total profit: $-44,937
• Equity at exit: $40,218

Cash invested: $74,760 (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 33139

• Home prices YoY: -0.8%
• Rents YoY: -0.4%
• Active inventory: 1208
• Price-to-rent: 6.0×

Monthly cashflow live

• Estimated rent: $3,682 medium
• Mortgage (P&I): −$1,400
• Tax from tax record: −$332 /mo · $3,990/yr
• Insurance: −$111
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$458
• Vacancy / Maint / Mgmt: −$773
• Net cashflow: $180

Break-even live

Break-even rent $3,454

Max offer price $267,000

Occupancy floor 90%

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: $66,750
• Closing costs: $8,010
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1602 Meridian Ave Miami Beach, FL	4.0	1.0–3.0	917	$6,932	$7.56	15d	1	0.99mi
15713 Fisher Island Dr #15713 Miami Beach, FL	2.0	1.5	670	$20,000	$29.85	24d	1	1.26mi

HOA detail condo

• Monthly dues: $458 · $5,496/yr
• Likely covers: gassecurity
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 25 events

1. 2026-06-18
   days on market $267,000 Active 36 DOM
2. 2026-06-17
   days on market $267,000 Active 35 DOM
3. 2026-06-16
   days on market $267,000 Active 34 DOM
4. 2026-06-15
   days on market $267,000 Active 33 DOM
5. 2026-06-13
   days on market $267,000 Active 31 DOM
6. 2026-06-09
   days on market $267,000 Active 27 DOM
7. 2026-06-08
   days on market $267,000 Active 26 DOM
8. 2026-06-07
   days on market $267,000 Active 25 DOM
9. 2026-06-04
   days on market $267,000 Active 22 DOM
10. 2026-06-03
    days on market $267,000 Active 21 DOM
11. 2026-06-02
    days on market $267,000 Active 20 DOM
12. 2026-06-01
    days on market $267,000 Active 19 DOM
13. 2026-05-31
    days on market $267,000 Active 18 DOM
14. 2026-05-13
    listed $267,000 Active
15. 2025-12-16
    historical
16. 2025-10-28
    price $280,000
17. 2025-03-15
    historical $2,000
18. 2025-01-09
    listed $2,000
19. 2024-12-20
    listed $290,000 Active
20. 2016-09-09
    soldstatus $210,000
21. 2015-07-07
    soldstatus $178,000 Sold 314-char remark

    Show marketing remark (314 chars)

    IN THE HEART OF SOUTH BEACH. 26 UNIT SECURED BUILDING WITH GATED PARKING. CLEAN & BRIGHT 1/1 WITH BALCONY. LARGE BEDROOM WITH PLENTY OF CLOSET SPACE. W/ D IN UNIT, GAS RANGE AND CENTRAL AIR LOW MAINTENANCE FEES, NO RENTAL RESTRICTIONS AND PET FRIENDL Y. JUST 4 BLOCKS TO OCEAN DR, RESTAURANTS AND SHOPPING.

22. 2015-06-25
    soldstatus $178,000
23. 2015-05-20
    status Pending 314-char remark

    Show marketing remark (314 chars)

    IN THE HEART OF SOUTH BEACH. 26 UNIT SECURED BUILDING WITH GATED PARKING. CLEAN & BRIGHT 1/1 WITH BALCONY. LARGE BEDROOM WITH PLENTY OF CLOSET SPACE. W/ D IN UNIT, GAS RANGE AND CENTRAL AIR LOW MAINTENANCE FEES, NO RENTAL RESTRICTIONS AND PET FRIENDL Y. JUST 4 BLOCKS TO OCEAN DR, RESTAURANTS AND SHOPPING.

24. 2015-04-22
    listed $195,000 Active 314-char remark

    Show marketing remark (314 chars)

    IN THE HEART OF SOUTH BEACH. 26 UNIT SECURED BUILDING WITH GATED PARKING. CLEAN & BRIGHT 1/1 WITH BALCONY. LARGE BEDROOM WITH PLENTY OF CLOSET SPACE. W/ D IN UNIT, GAS RANGE AND CENTRAL AIR LOW MAINTENANCE FEES, NO RENTAL RESTRICTIONS AND PET FRIENDL Y. JUST 4 BLOCKS TO OCEAN DR, RESTAURANTS AND SHOPPING.

25. 1984-07-01
    soldstatus $20,000

ⓘ 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: $3,990 · $332/mo
• Projected year-2 tax: $3,990 · $332/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 3/10 Moderate
• 🌡 Heat 10/10 Extreme 8 d/yr ≥101°F today · 33 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 · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $44,183
• − Mortgage interest: −$14,956
• − Property taxes: −$3,990
• − Insurance: −$6,454
• − Repairs & maintenance: −$3,535
• − Management: −$3,535
• − HOA: −$5,496
• − Depreciation: −$7,767
• Taxable loss: −$1,549
• Est. tax savings @ 24.0%: +$372
• After-tax cash flow: $2,535/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 — Miami Beach

• Score: 80/100
• State rank: #108
• US rank: #1672

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Miami Beach, FL
• County: Miami-Dade County · 2,697,751 people
• City population: 90,533
• Metro: Miami-Fort Lauderdale-Pompano Beach, FL
• Population (ZIP): 33,753
• Household income: $69,793
• Rent vs Own: 62.8% rent · 37.2% own
• Severe rent burden: 4052.0

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 0.58)
• Race & ethnicity: Hispanic / Latino 51% White 40% Two or more races 17% Black 4% Asian 3%
• Hispanic origin (detail): Mexican 2% Puerto Rican 2% Cuban 15% Salvadoran 3%
• Common ancestry: Lithuanian 3% Scotch-Irish 2% Romanian 2%
• Foreign-born: 56% · Canada, Jamaica, Dominican Republic
• Languages at home: 37% English-only · Spanish 49% Other Indo-European 5% French/Haitian/Cajun 3%

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: ▼ -2.19%
• Current HPI: 277.9321
• Rent YoY: ▼ -0.36%
• 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

+1235.0% since first listed

12 events — show timeline

• 2026-05-13 Listed $267,000 MARMLS
• 2025-12-16 Listing Removed — MARMLS
• 2025-10-28 Price Changed $280,000 MARMLS
• 2025-03-15 Rental Removed $2,000 MARMLS
• 2025-01-09 Listed for Rent $2,000 MARMLS
• 2024-12-20 Listed $290,000 MARMLS
• 2016-09-09 Sold (Public Records) $210,000 Public Records
• 2015-07-07 Sold (MLS) $178,000 MARMLS
• 2015-06-25 Sold (Public Records) $178,000 Public Records
• 2015-05-20 Pending — MARMLS
• 2015-04-22 Listed $195,000 MARMLS
• 1984-07-01 Sold (Public Records) $20,000 Public Records

Property tax history

+20.2%/yr

Latest (2025): $3,990 · -0.3% YoY. Source: county tax records.