2801 NE 183rd St Unit 215W · Aventura, FL 33160

$259,000

1 bd · 2.0 ba · 1,066 sqft · Condo public records · 449 Days on market

Built 1974 $883/mo HOA · 24% 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 +23.1/30.0
• 1% rule +9.4/10.0
• ARV discount +7.5/15.0
• DSCR +7.4/10.0
• Appreciation +5.3/10.0
• Schools +4.2/10.0
• Livability +4.0/5.0
• Rent growth +2.7/5.0
• Condition / age +2.5/5.0

Listing remarks

This gorgeous one-bedroom + 2 Big dens, featuring 1.5 baths and an open concept design, beautiful white tile flooring, and a modern kitchen equipped with granite countertops and stainless steel appliances. High smooth ceilings, loft style, breathtaking direct views of Maule Lake. Fantastic location and amenities, including two large pools with renovated decks, a fitness center, tennis courts, and 24-hour security, 1 assigned parking spaces. 2nd-floor unit convenient, walking distance to the temple of worship (Synagogue) Restaurants, groceries, parks, banks. Close to Aventura Mall. 40 Year Cert completed. 2-year ownership is required to rent. Motivated to sell, negotiable price.

Key facts

• Two large pools
• Open concept design
• Modern kitchen

Tags

• OPEN CONCEPT DESIGN
• MODERN KITCHEN
• GRANITE COUNTERTOPS
• STAINLESS STEEL APPLIANCES
• DIRECT VIEWS OF MAULE LAKE
• TWO LARGE POOLS

Property features AI

Finance

• Financial info: Lease considered; Pets allowed with size limit (maximum 20 lbs)
• HOA & community: Monthly association fee; Association amenities include billiard room, bike storage, business center, cabana, fitness center, laundry facilities, library, barbecue/picnic areas, storage, tennis courts, trash service, transportation service, and elevators; Association fee covers common areas, hot water, laundry, grounds maintenance, sewer, security, and trash

Exterior

• Parking: 1 covered parking space; 1 total garage space
• Security: Doorman; Secured elevator; Security guard
• Utilities: Cable not available
• Home design: Attached property; 2nd floor entry; Entry located on level 2; 28-story building; Block construction
• Construction: Block construction; Effective year built
• Exterior features: Deck; Barbecue area; Tennis courts; Lakefront waterfront; Has a view

Interior

• Kitchen: Dishwasher; Electric range; Disposal; Microwave; Refrigerator
• Flooring: Tile
• Bathrooms: 1 full bathroom; 1 half bathroom
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Bedroom on main level; Second floor entry; First floor entry
• Laundry & utility: Common area laundry

What this means for you Summary

Snapshot

• This is a 1-bed/2.0-bath condo listed at $259k.

Deal economics

• At list price, monthly cash flow is $36 ($437/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($4k rent vs $259k).
• Recommended offer: $228k (12.0% below list) — sets the bar for market timing.
• Cap rate 8.4% vs local median 2.6% in Aventura — 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 (#127 in FL, #1,834 nationally) — a professional / high-income tenant draw. Strengths: schools A+, health & safety A+, amenities A; Watch: crime 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 flat; 1870 active listings in the ZIP; 10,051 units permitted in Miami-Dade County in 2024 (7,758 in 5+ unit buildings).
• At $3,734/mo this rent would consume 67% 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 $3k of equity ($2k loan paydown + $1k 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 9, paydown + projected appreciation supports a ~$32k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 449 days — a 12% lower offer ($228k) is reasonable based on typical stale-listing flexibility.
• 13 sale attempts since 12y ago; this cycle's ask has dropped $106k (29%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $135k; list at $259k implies a 92% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: flood insurance adds $427/mo; HOA is 24% of rent.
• 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→25/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $227,920 (12.0% below list)

Questions for the listing agent

1. It's been on market 449 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1974 — 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. 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. Crime grade is D in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
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: 1.44% ✓
• Cap rate: 8.44%
• Cash-on-cash: 7.66%
• DSCR: 1.34
• GRM: 5.8

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: -1.6%
• Equity multiple: 0.92×
• Total profit: $-5,612
• Equity at exit: $82,101

10-year hold

• IRR: 1.6%
• Equity multiple: 1.18×
• Total profit: $12,742
• Equity at exit: $104,376

Cash invested: $72,520 (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: 1870
• Price-to-rent: 5.8×

Monthly cashflow live

• Estimated rent: $3,734 medium
• Mortgage (P&I): −$1,358
• Tax from tax record: −$138 /mo · $1,657/yr
• Insurance: −$108
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$883
• Vacancy / Maint / Mgmt: −$784
• Net cashflow: $36

Break-even live

Break-even rent $3,688

Max offer price $259,000

Occupancy floor 94%

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: $64,750
• Closing costs: $7,770
• Reserves months: —
• Total cash needed: —

HOA detail condo

• Monthly dues: $883 · $10,596/yr
• Likely covers: poolgymsecurityparking
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 50 events

1. 2026-06-01
   days on market $259,000 Active 449 DOM
2. 2026-05-31
   days on market $259,000 Active 448 DOM
3. 2025-10-22
   price $259,000
4. 2025-10-03
   price $295,000
5. 2025-08-05
   status Active
6. 2025-07-31
   historical
7. 2025-05-15
   price $349,000
8. 2025-03-04
   listed $365,000 Active
9. 2024-11-12
   historical
10. 2024-11-12
    price $318,000
11. 2024-11-12
    price $28,000
12. 2024-11-11
    price $230,000
13. 2024-11-11
    price $310,000
14. 2024-11-10
    price $340,000
15. 2024-11-06
    price $280,000
16. 2024-10-02
    price $285,000
17. 2024-10-02
    price $299,000
18. 2024-09-20
    price $325,000
19. 2024-09-18
    listed $345,000 Active
20. 2024-06-04
    historical
21. 2024-05-26
    price $300,000
22. 2024-05-23
    price $305,000
23. 2024-05-18
    price $310,000
24. 2024-04-20
    price $315,000
25. 2024-04-11
    price $320,000
26. 2024-04-10
    price $330,000
27. 2024-03-12
    price $335,000
28. 2024-03-05
    listed $358,000 Active
29. 2024-02-06
    historical
30. 2024-01-29
    historical $3,200
31. 2023-12-27
    price $385,000
32. 2023-12-26
    listed $3,200
33. 2023-12-14
    price $400,000
34. 2023-10-16
    price $345,000
35. 2023-08-24
    price $375,000
36. 2023-06-01
    status Active
37. 2023-05-31
    historical
38. 2023-04-28
    price $345,000
39. 2023-04-19
    price $355,000
40. 2023-04-14
    price $375,000
41. 2023-04-14
    price $3,750,000
42. 2023-03-16
    price $350,000
43. 2023-01-22
    listed $375,000 Active
44. 2022-05-12
    historical
45. 2022-04-09
    price $330,000
46. 2022-04-07
    listed $315,000 Active
47. 2021-09-30
    historical
48. 2021-08-07
    listed $280,000 Active
49. 2021-03-31
    listed $240,000 Active
50. 2021-02-11
    historical

ⓘ 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: $1,657 · $138/mo
• Projected year-2 tax: $2,150 · $179/mo
• Expected delta: +$492/yr (+$41/mo · 29.7%)

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

Climate risk First Street

• 🌊 Flood 8/10 Severe FEMA zone AE · 97% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥104°F today · 25 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: $44,814
• − Mortgage interest: −$14,508
• − Property taxes: −$1,657
• − Insurance: −$6,414
• − Repairs & maintenance: −$3,585
• − Management: −$3,585
• − HOA: −$10,596
• − Depreciation: −$7,535
• Taxable loss: −$3,066
• Est. tax savings @ 24.0%: +$736
• After-tax cash flow: $1,173/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 — Aventura

• Score: 80/100
• State rank: #127
• US rank: #1834

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Aventura, FL
• County: Miami-Dade County · 2,697,751 people
• City population: 34,147
• 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

+763.3% since first listed

72 events — show timeline

• 2025-10-22 Price Changed $259,000 MARMLS
• 2025-10-03 Price Changed $295,000 MARMLS
• 2025-08-05 Relisted — MARMLS
• 2025-07-31 Listing Removed — MARMLS
• 2025-05-15 Price Changed $349,000 MARMLS
• 2025-03-04 Listed $365,000 MARMLS
• 2024-11-12 Listing Removed — MARMLS
• 2024-11-12 Price Changed $318,000 MARMLS
• 2024-11-12 Price Changed $28,000 MARMLS
• 2024-11-11 Price Changed $230,000 MARMLS
• 2024-11-11 Price Changed $310,000 MARMLS
• 2024-11-10 Price Changed $340,000 MARMLS
• 2024-11-06 Price Changed $280,000 MARMLS
• 2024-10-02 Price Changed $285,000 MARMLS
• 2024-10-02 Price Changed $299,000 MARMLS
• 2024-09-20 Price Changed $325,000 MARMLS
• 2024-09-18 Listed $345,000 MARMLS
• 2024-06-04 Listing Removed — MARMLS
• 2024-05-26 Price Changed $300,000 MARMLS
• 2024-05-23 Price Changed $305,000 MARMLS
• 2024-05-18 Price Changed $310,000 MARMLS
• 2024-04-20 Price Changed $315,000 MARMLS
• 2024-04-11 Price Changed $320,000 MARMLS
• 2024-04-10 Price Changed $330,000 MARMLS
• 2024-03-12 Price Changed $335,000 MARMLS
• 2024-03-05 Listed $358,000 MARMLS
• 2024-02-06 Listing Removed — MARMLS
• 2024-01-29 Rental Removed $3,200 MARMLS
• 2023-12-27 Price Changed $385,000 MARMLS
• 2023-12-26 Listed for Rent $3,200 MARMLS
• 2023-12-14 Price Changed $400,000 MARMLS
• 2023-10-16 Price Changed $345,000 MARMLS
• 2023-08-24 Price Changed $375,000 MARMLS
• 2023-06-01 Relisted — MARMLS
• 2023-05-31 Listing Removed — MARMLS
• 2023-04-28 Price Changed $345,000 MARMLS
• 2023-04-19 Price Changed $355,000 MARMLS
• 2023-04-14 Price Changed $375,000 MARMLS
• 2023-04-14 Price Changed $3,750,000 MARMLS
• 2023-03-16 Price Changed $350,000 MARMLS
• 2023-01-22 Listed $375,000 MARMLS
• 2022-05-12 Listing Removed — MARMLS
• 2022-04-09 Price Changed $330,000 MARMLS
• 2022-04-07 Listed $315,000 MARMLS
• 2021-09-30 Listing Removed — MARMLS
• 2021-08-07 Listed $280,000 MARMLS
• 2021-03-31 Listed $240,000 MARMLS
• 2021-02-11 Listing Removed — MARMLS
• 2021-01-12 Listed $245,000 MARMLS
• 2016-06-01 Listing Removed — MARMLS
• 2016-05-06 Price Changed $158,000 MARMLS
• 2016-03-22 Price Changed $165,000 MARMLS
• 2016-03-15 Price Changed $175,000 MARMLS
• 2015-11-20 Price Changed $180,000 MARMLS
• 2015-10-14 Listed $155,000 MARMLS
• 2014-12-26 Listing Removed — MARMLS
• 2014-05-20 Price Changed $170,000 MARMLS
• 2014-03-25 Price Changed $160,000 MARMLS
• 2014-02-25 Listed $149,000 MARMLS
• 2013-08-14 Sold (Public Records) $135,000 Public Records
• 2013-05-21 Pending — MARMLS
• 2013-04-30 Price Changed $134,999 MARMLS
• 2013-04-27 Price Changed $139,999 MARMLS
• 2013-04-26 Price Changed $149,999 MARMLS
• 2013-04-25 Price Changed $159,999 MARMLS
• 2013-04-23 Price Changed $169,999 MARMLS
• 2013-04-21 Price Changed $179,999 MARMLS
• 2013-04-20 Price Changed $189,999 MARMLS
• 2002-10-09 Sold (Public Records) $119,000 Public Records
• 1999-10-18 Sold (Public Records) $53,000 Public Records
• 1995-07-28 Sold (Public Records) $42,500 Public Records
• 1974-08-01 Sold (Public Records) $30,000 Public Records

Property tax history

+1.5%/yr

Latest (2025): $1,657 · +8.5% YoY. Source: county tax records.