For SaleRisky Deal9 days on market

1617 Jefferson Ave APT 404

1617 Jefferson Ave APT 404, Miami Beach, FL 33139, Miami Beach, FL 33139
$373,000

Listing Price

Property image 1
1617 Jefferson Ave APT 404, Miami Beach, FL 33139
Loc: Miami Beach, FL
Days Listed
9
Tax Assessed
$290k
Type
condo

More Than Just a Property

We believe a home extends beyond its walls. That's why we help you explore the pulse of the community—from top-rated schools to essential emergency services. Your safety, well-being, and connection to the neighborhood matter to us.

4.9
Safety Score
A+
Schools

Nearby Schools

Educational options and performance ratings in the area.

5

Fienberg/Fisher K-8 Center

PK-8
0.4 mi away
5

Miami Beach Senior High School

9-12
0.7 mi away
5

Nautilus Middle School

6-8
1.8 mi away
Haven Underwritten Market·Moderate DSCR (0.60x)

Miami, FL Investment Analysis (2026)

Cap Rate: 3.71% · Median Rent: $3,400/mo · Effective Tax: 0.91%

Open Miami Market Underwrite

Property Overview

No property narrative or remarks were supplied in the source listing records. Underwriting and financial metrics are calculated directly from public record data and MLS attributes.

Features & Amenities

modern interioropen floor planlaminate flooringrecessed lightingsliding glass doorsbalcony accessneutral color palettebreakfast barpendant lightingminimalist aestheticcontemporary condominiumbright and airylow-maintenance finishes

Haven AI Verdict

Recommendation
Risky
Confidence Score: 2/10
Exercise caution due to potential market volatility.
Cap Rate
6.03%
Total ROI
89.9%
Cash Flow
$-62/mo
DSCR
0.97
Was this AI Verdict accurate?

Data provided by Haven AI. Disclaimer

Haven AI

Property yields an estimated $-62/mo net cash flow with a 6.0% cap rate. Underwriting indicates risky fundamentals for long-term hold.

Strengths
  • Favorable cap rate profile (6.0%)
  • Strong rental demand in Miami Beach
Considerations
  • Verify historical operating expenses and local tax assessment
  • Confirm current lease terms and tenant estoppel certificates

10-Year Price Projection

Price & Tax History

Price History

DateEventPricePrice/sqft
2026-09-14Price change$373,000$382
2016-02-23Price change$389,000$399
2016-01-08Price change$399,000$409
2015-12-09Price change$414,900$425
2015-10-04Listed for sale$435,000$446
2015-06-05Sold$263,000$269
2015-02-21Listed for sale$275,000$282

Tax History

YearProperty TaxTax Assessment
2025$5,440.42$290,000
2024$5,449.47$290,000
2023$5,480.04$290,000
2022$5,181.34$268,070
2021$4,705.4$243,700
2020$4,965.74$256,500
2019$4,970.6$256,500
2018$4,921.44$261,720
2017$4,921.44$257,664
2016$4,935.08$290,800
2015$4,905.01$220,605
2014$4,074.66$200,550
2013$3,766.3$200,550
2012$3,766.3$183,990
2011$464.95$79,505
2010$472.75$78,331
2009$440.37$76,272
2007$442.2$73,977
2006$727.41$0
2005$727.41$0
2004$1,064.8$0
2003$1,007.93$0
2002$957.29$0
2001$957.29$0
Nathaniel Pitchon-Getzels Logo
Getzels Group
Haven Team
CalRE #01884947
Call / Text
818.535.5337

Property Specs

Beds
2
Baths
2
Sq Ft
976

Similar Properties Nearby

Explore other investment opportunities in Miami Beach.