Score
0Miami, FL
770 Claughton Island Dr APT 1710
422K
1 beds
1 baths
735 sqft
1 bd • 1 ba • 735 sf
This analysis was generated on 1/24/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.
AI Property Analysis
0:000:00 / 0:00
List Price
$422,300
Price/Sq.Ft
$575
Year Built
AI Property Analysis
A comprehensive evaluation of this property's features, market position, and investment potential.
The Good
This property boasts an exceptional location at 770 Claughton Island Dr, Miami, FL 33131, offering stunning water views from its 17th floor vantage point. At $574.56/sqft, it's competitively priced compared to the median one-bedroom rental rate of $2,310 in the area, suggesting good value. The unit features a spacious balcony with views of Biscayne Bay, adding significant lifestyle value. Recent renovations are evident, including a modern entertainment wall with wood accents and updated flooring. The open-concept layout maximizes the 735 sqft space, making it feel larger. Its proximity to downtown Miami (approximately 1 mile) offers excellent walkability and access to amenities, potentially boosting its long-term appreciation potential.
The Bad
At 735 sqft, this 1-bedroom unit is smaller than many comparable properties in the area, which might limit its appeal to some buyers. The kitchen, while functional, appears dated and may require updates in the near future, potentially costing $15,000-$20,000. The single bathroom could be a limitation for some buyers, especially given the price point. Limited information about building amenities and HOA fees creates uncertainty about total ownership costs, which could be substantial in a high-rise building in this location.
The Ugly
Being on the 17th floor of a high-rise in Miami comes with significant hurricane and flooding risks. Insurance costs could be exceptionally high, potentially adding $3,000-$5,000 annually to ownership costs. The building's age is unknown, which raises concerns about potential assessments for structural repairs or updates, especially given Miami's 40-year recertification requirements. The $422,300 price tag, while competitive for the area, may still be high relative to the unit's size and potential maintenance needs. Long-term climate change risks, including sea-level rise, could impact future property values and insurance costs in this coastal location.
Who is this property for?
These details are presented solely for entertainment purposes and are not meant to steer or limit any prospective buyer.
Best For
This property is best suited for single professionals or couples with a household income of at least $120,000, based on traditional mortgage affordability metrics. It's ideal for those prioritizing views, location, and access to urban amenities over space. The unit could appeal to investors looking for short-term rental opportunities, given Miami's strong tourism market and the property's desirable location. First-time homebuyers who value living in a prime area and are willing to compromise on space could also find this property attractive.
Not For
This property is not suitable for families or those needing more than one bedroom. Buyers seeking a more spacious layout or those requiring a home office space might find the 735 sqft limiting. It's not ideal for those with a lower risk tolerance, given the potential for high insurance costs and special assessments related to coastal living. Investors looking for low-maintenance, turnkey properties might be deterred by the potential need for kitchen updates and unknown building maintenance issues.
Demographics
Area Median Income
$107,171
Property History
Price History
Ownership Timeline
$0Financed
Apr 21, 2023Ricardo Merediz, Diana C RamirezDiana C Ramirez
Intrafamily Transfer
Non-Arm's Length Transactions
$0Cash Purchase
Apr 30, 2022Colin J Mcmahon, Olivia Jo SherritonRicardo Merediz, Diana C Ramirez
Re-Recorded Document
Non-Arm's Length Transactions
$345,000Financed
Nov 29, 2021Cohn J Mcmahon, Olivia Jo SherritonRicardo Merediz, Diana C Ramirez
Warranty Deed
Standard Sale (Purchase/Resales)
$241,100Financed
Dec 29, 2017Brickell Key 2201 LlcColin J Mcmahon, Brian J Mcmahon
Special Warranty Deed
Standard Sale (Purchase/Resales)
$0Cash Purchase
Sep 15, 2014Miguel Angel QuinteroBrickell Key 2201 Llc
Warranty Deed
Non-Arm's Length Transactions
$281,900Financed
Jan 18, 2005Isola Development LlcMiguel A Quintero
Special Warranty Deed
New Construction Residential Transactions
Sunlight Analysis
Visualize how sunlight affects this property throughout the day and year.
Sunlight Analysis
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Schools
Nearby school quality by education level
Elementary
5.7/10
AverageMiddle
4.3/10
AverageHigh
6.3/10
GoodFinancials
Monthly Costs
Market Rent (1 bed)
Get a detailed estimate on Zillow$2,310
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Location & Comparables
Subject Property
Comparable Sales
Subject Property
Price
$422,300
Price/sqft
$575
Layout
1 bd•1 ba
Stats in the Area
Based on 6 comparable properties nearby
Average Price
$438,392
3.7%
Your price is 3.7% below average
Median Price
$431,350
2.1%
Based on 6 recent sales
Price per Sq.Ft
$599
4.1%
Your price is 4.1% below average $/sqft
Comparable Properties
| Address | Price | Sq.Ft | Beds | Baths | $/Sq.Ft | Sale Date |
|---|---|---|---|---|---|---|
| 770 Claughton Island Dr #1610, Miami, FL 33131 | $375,000 | 735 | 1 | 1 | $51011.2% | 11/9/2024 |
| 253 NE 2nd St #2405, Miami, FL 33132 | $488,000 | 802 | 1 | 1 | $6085.9% | 12/1/2024 |
| 1111 SW 1st Ave #2724-N, Miami, FL 33130 | $431,350 | 694 | 1 | 1 | $6228.2% | 11/9/2024 |
| 801 S Miami Ave #312, Miami, FL 33130 | $595,000 | 692 | N/A | 1 | $86049.7% | 10/30/2024 |
| 350 S Miami Ave #3208, Miami, FL 33130 | $376,000 | 768 | 1 | 1 | $49014.8% | 10/23/2024 |
| 690 SW 1st Ct #602, Miami, FL 33130 | $365,000 | 727 | 1 | 1 | $50212.6% | 10/3/2024 |
770 Claughton Island Dr #1610, Miami, FL 33131
Price: $375,000
Sq.Ft: 735
Beds/Baths: 1/1
$/Sq.Ft:
$51011.2%
Sale Date: 11/9/2024
253 NE 2nd St #2405, Miami, FL 33132
Price: $488,000
Sq.Ft: 802
Beds/Baths: 1/1
$/Sq.Ft:
$6085.9%
Sale Date: 12/1/2024
1111 SW 1st Ave #2724-N, Miami, FL 33130
Price: $431,350
Sq.Ft: 694
Beds/Baths: 1/1
$/Sq.Ft:
$6228.2%
Sale Date: 11/9/2024
801 S Miami Ave #312, Miami, FL 33130
Price: $595,000
Sq.Ft: 692
Beds/Baths: N/A/1
$/Sq.Ft:
$86049.7%
Sale Date: 10/30/2024
350 S Miami Ave #3208, Miami, FL 33130
Price: $376,000
Sq.Ft: 768
Beds/Baths: 1/1
$/Sq.Ft:
$49014.8%
Sale Date: 10/23/2024
690 SW 1st Ct #602, Miami, FL 33130
Price: $365,000
Sq.Ft: 727
Beds/Baths: 1/1
$/Sq.Ft:
$50212.6%
Sale Date: 10/3/2024
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