17125 N Bay Rd #3402 · Sunny Isles Beach, FL 33160

$349,000

1 bd · 1.0 ba · 673 sqft · Condo public records · 251 Days on market

Built 2003 $615/mo HOA · 17% 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 +11.6/30.0
• ARV discount +7.5/15.0
• 1% rule +5.4/10.0
• Appreciation +5.3/10.0
• Livability +4.3/5.0
• Schools +4.2/10.0
• DSCR +3.4/10.0
• Rent growth +2.7/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

Great investment opportunity. Beautiful one bedroom unit just steps away from the Gorgeous sandy Florida beaches. Condo has brand new vinyl flooring throughout, new bathroom vanity and light fixtures. water heater only a couple years old washer/dryer in the unit. Porto Bellagio is a resort style community and features 24/7 security, heated pool, jacuzzi, 24 hr fitness center, A+ schools. Property can be rented right away 3 times a year. Easy to rent seasonally or annually. Walking distance to the beach, parks, cafes, restaurants and so much more. Low maintenance fee, assigned covered parking space. Come enjoy your 1/1 beach condo with a lovely garden view secluded from the hustle and bustle but steps away from all the action. Call today!

Key facts

• Short walk to beach
• Short walk to shops
• $615 HOA

Tags

• WASHER AND DRYER INSIDE
• SHORT WALK TO BEACH
• SHORT WALK TO SHOPS
• SHORT WALK TO RESTAURANTS

Property features AI

Finance

• Financial info: Lease considered; Pets allowed (no restrictions)
• HOA & community: Monthly association fee; Association fee covers management, common areas, structural maintenance, pools, sewer, trash, and water; Community amenities include business center, clubhouse, fitness center, barbecue/picnic area, pool, spa/hot tub, and elevators

Exterior

• Parking: Covered parking; Garage with 1 space; Garage door opener
• Security: Security/high-impact doors; Complex fenced
• Home design: 6-story building; Entry level 12
• Construction: Block construction; Effective year built
• Exterior features: Balcony; Open balcony/patio; Barbecue; Fence; Security/high-impact doors; Complex is fenced; Association pool

Interior

• Flooring: Laminate flooring
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating; Electric cooling
• Interior features: Walk-in closet(s)

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath condo listed at $349k.

Deal economics

• At list price, monthly cash flow is $-533 ($-6k/yr) — negative.
• To cash-flow at today's rent, offer at most $255k (27.0% below list).
• Meets the 1% rule at list price ($4k rent vs $349k).
• Recommended offer: $255k (27.0% below list) — sets the bar for cash-flow.
• Cap rate 5.9% 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: schools A+, amenities A+, health & safety 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.
• Market conditions: Rents flat; 1878 active listings in the ZIP; 10,051 units permitted in Miami-Dade County in 2024 (7,758 in 5+ unit buildings).
• At $3,624/mo this rent would consume 65% of the median local household income ($67k/yr) (locally 3106% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

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 7, paydown + projected appreciation supports a ~$31k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 251 days — a 12% lower offer ($307k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 11y ago; this cycle's ask is 15074% above the opening price — seller raised mid-cycle; expect resistance to lowballs.

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 $254,872 (27.0% 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 251 days. Have you received any prior offers? Is the seller open to a 27% 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: 1.04% ✓
• Cap rate: 5.93%
• Cash-on-cash: -1.31%
• DSCR: 0.94
• GRM: 8.0

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: -9.0%
• Equity multiple: 0.57×
• Total profit: $-42,113
• Equity at exit: $110,631

10-year hold

• IRR: -4.8%
• Equity multiple: 0.48×
• Total profit: $-50,791
• Equity at exit: $140,645

Cash invested: $97,720 (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: 1878
• Price-to-rent: 8.0×

Monthly cashflow live

• Estimated rent: $3,624 medium
• Mortgage (P&I): −$1,830
• Tax from tax record: −$379 /mo · $4,544/yr
• Insurance: −$145
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$615
• Vacancy / Maint / Mgmt: −$761
• Net cashflow: $-533

Break-even live

Break-even rent $4,298

Max offer price $254,872

Occupancy floor —

Sensitivity live

Price	-10% $-335	-5% $-434	+0% $-533	+5% $-632	+10% $-730
Rent	-10% $-819	-5% $-676	+0% $-533	+5% $-390	+10% $-247
Rate	-1.0pp $-357	-0.5pp $-444	base $-533	+0.5pp $-623	+1.0pp $-715

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: $87,250
• Closing costs: $10,470
• Reserves months: —
• Total cash needed: —

HOA detail condo

• Monthly dues: $615 · $7,380/yr
• Likely covers: waterpoolgymsecurity
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 37 events

1. 2026-06-21
   days on market $349,000 Active 251 DOM
2. 2026-06-18
   days on market $349,000 Active 248 DOM
3. 2026-06-17
   days on market $349,000 Active 247 DOM
4. 2026-06-16
   days on market $349,000 Active 246 DOM
5. 2026-06-15
   days on market $349,000 Active 245 DOM
6. 2026-06-13
   days on market $349,000 Active 243 DOM
7. 2026-06-09
   days on market $349,000 Active 239 DOM
8. 2026-06-08
   days on market $349,000 Active 238 DOM
9. 2026-06-08
   days on market $349,000 Active 237 DOM
10. 2026-06-04
    days on market $349,000 Active 234 DOM
11. 2026-06-03
    days on market $349,000 Active 233 DOM
12. 2026-06-02
    days on market $349,000 Active 232 DOM
13. 2026-06-01
    days on market $349,000 Active 231 DOM
14. 2026-05-31
    days on market $349,000 Active 230 DOM
15. 2026-04-21
    listed $2,300
16. 2026-04-05
    price $349,000
17. 2026-03-03
    price $365,000
18. 2025-12-15
    historical $2,300
19. 2025-12-04
    listed $2,300
20. 2025-12-03
    price $379,000
21. 2025-11-05
    historical $2,450
22. 2025-10-17
    listed $2,450
23. 2025-10-13
    listed $389,000 Active
24. 2023-03-03
    soldstatus $330,000
25. 2023-02-03
    soldstatus $330,000 Closed 747-char remark

    Show marketing remark (747 chars)

    Great investment opportunity. Beautiful one bedroom unit just steps away from the Gorgeous sandy Florida beaches. Condo has brand new vinyl flooring throughout, new bathroom vanity and light fixtures. water heater only a couple years old washer/dryer in the unit. Porto Bellagio is a resort style community and features 24/7 security, heated pool, jacuzzi, 24 hr fitness center, A+ schools. Property can be rented right away 3 times a year. Easy to rent seasonally or annually. Walking distance to the beach, parks, cafes, restaurants and so much more. Low maintenance fee, assigned covered parking space. Come enjoy your 1/1 beach condo with a lovely garden view secluded from the hustle and bustle but steps away from all the action. Call today!

26. 2023-01-23
    status Pending 747-char remark

    Show marketing remark (747 chars)

    Great investment opportunity. Beautiful one bedroom unit just steps away from the Gorgeous sandy Florida beaches. Condo has brand new vinyl flooring throughout, new bathroom vanity and light fixtures. water heater only a couple years old washer/dryer in the unit. Porto Bellagio is a resort style community and features 24/7 security, heated pool, jacuzzi, 24 hr fitness center, A+ schools. Property can be rented right away 3 times a year. Easy to rent seasonally or annually. Walking distance to the beach, parks, cafes, restaurants and so much more. Low maintenance fee, assigned covered parking space. Come enjoy your 1/1 beach condo with a lovely garden view secluded from the hustle and bustle but steps away from all the action. Call today!

27. 2022-12-12
    listed $365,000 Active 747-char remark

    Show marketing remark (747 chars)

    Great investment opportunity. Beautiful one bedroom unit just steps away from the Gorgeous sandy Florida beaches. Condo has brand new vinyl flooring throughout, new bathroom vanity and light fixtures. water heater only a couple years old washer/dryer in the unit. Porto Bellagio is a resort style community and features 24/7 security, heated pool, jacuzzi, 24 hr fitness center, A+ schools. Property can be rented right away 3 times a year. Easy to rent seasonally or annually. Walking distance to the beach, parks, cafes, restaurants and so much more. Low maintenance fee, assigned covered parking space. Come enjoy your 1/1 beach condo with a lovely garden view secluded from the hustle and bustle but steps away from all the action. Call today!

28. 2016-12-10
    historical
29. 2015-12-09
    listed $275,000 Active
30. 2013-08-05
    soldstatus $195,000
31. 2013-07-02
    soldstatus $195,000 Sold
32. 2013-05-20
    status Pending
33. 2010-02-12
    soldstatus $115,000
34. 2009-12-12
    soldstatus $115,000
35. 2006-10-26
    soldstatus $300,000
36. 2005-12-09
    soldstatus $260,000
37. 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: $4,544 · $379/mo
• Projected year-2 tax: $4,544 · $379/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: −$19,549
• − Property taxes: −$4,544
• − Insurance: −$6,864
• − Repairs & maintenance: −$3,479
• − Management: −$3,479
• − HOA: −$7,380
• − Depreciation: −$10,153
• Taxable loss: −$11,960
• Est. tax savings @ 24.0%: +$2,870
• After-tax cash flow: $-3,524/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

-100.0% since first listed

23 events — show timeline

• 2026-04-21 Listed for Rent $2,300 MARMLS
• 2026-04-05 Price Changed $349,000 MARMLS
• 2026-03-03 Price Changed $365,000 MARMLS
• 2025-12-15 Rental Removed $2,300 MARMLS
• 2025-12-04 Listed for Rent $2,300 MARMLS
• 2025-12-03 Price Changed $379,000 MARMLS
• 2025-11-05 Rental Removed $2,450 MARMLS
• 2025-10-17 Listed for Rent $2,450 MARMLS
• 2025-10-13 Listed $389,000 MARMLS
• 2023-03-03 Sold (Public Records) $330,000 Public Records
• 2023-02-03 Sold (MLS) $330,000 MARMLS
• 2023-01-23 Pending — MARMLS
• 2022-12-12 Listed $365,000 MARMLS
• 2016-12-10 Listing Removed — MARMLS
• 2015-12-09 Listed $275,000 MARMLS
• 2013-08-05 Sold (Public Records) $195,000 Public Records
• 2013-07-02 Sold (MLS) $195,000 MARMLS
• 2013-05-20 Pending — MARMLS
• 2010-02-12 Sold (Public Records) $115,000 Public Records
• 2009-12-12 Sold (MLS) $115,000 MARMLS
• 2006-10-26 Sold (Public Records) $300,000 Public Records
• 2005-12-09 Sold (Public Records) $260,000 Public Records
• 2004-05-14 Sold (Public Records) $119,500,000 Public Records

Property tax history

+6.8%/yr

Latest (2025): $4,544 · -0.7% YoY. Source: county tax records.