$795,000
↓ $55K (6.5%)
●
Condo -
For Sale
88 SW 7th St #3406
Miami, FL 33130
1 Bed
2 Baths,
1
Half Bath
889 Ft²
$6,373
Est. Monthly
$1,456
HOA / Fees
1.25%
Cap Rate
About This Property
Experience luxury living in this stunning 1 bed, 1.5 bath fully
furnished residence at Rise Condo Brickell City Center. This
barely-used unit has been vacation property since the owner
purchased it from the developer, ensuring pristine condition. The
modern open layout boasts high-end finishes, floor-to-ceiling
windows, and a spacious balcony with breathtaking city views. Enjoy
top-tier amenities, including a heated pool, fitness center, spa,
and concierge service. Located in the heart of Brickell Miami, with
Casa Tua Cucina just downstairs, offering world-class dining and
convenience. Move-in ready!!! Just bring your suitcase.
Unit Size
889 Ft²
Days on Market
55 days
Land Size
-
Price per sqft
$894
Property Type
Condo
Property Taxes
$1,013
HOA Dues
$1,456
Year Built
2016
Listed By
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Cap Rate Calculator
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 27 days ago (Miami MLS #A11735462)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 28, 2025 | Price Decreased |
$795,000
↓ $55K
(6.5%) | |
| Price Decreased | |||
| Jan 30, 2025 | Listed by Miami Realty Solution Group | $850,000 | |
| Listed by Miami Realty Solution Group | |||
Property Highlights
Doorman
Elevator
Parking Available
Garage
Air Conditioning
With View
Parking Details
Has Garage
Parking Features: 1 Space, Assigned
Garage Spaces: 1
Covered Parking Spaces: 1
Interior Details
Half Bathrooms: 1
Full Bathrooms: 1
Bedrooms: 1
Bedroom Features: Entry Level
Interior Features: Entrance Foyer
Appliances: Dishwasher
Flooring Type: Marble
Door Features: High Impact Doors
Exterior Details
Has Property Attached
Square Footage: 889
Security Features: Elevator Secure, Card Entry
Architectural Style: High Rise
Year Built: 2016
Building Name: RISE CONDO
Building Area Total: 889
Building Area Units: Square Feet
Building Area Total: 889
Construction Materials: CBS Construction
Lot Size Units: Square Feet
Financial Details
Tax Legal Description: RISE CONDO UNIT 3406 UNDIV 0.100003% INT IN COMMON ELEMENT OFF REC 29908-0132
Tax Annual Amount: $12,156
Tax Year: 2024
Parcel Number: 01-41-38-168-1790
Utilities Details
Cooling Type: Central Air
Heating Type: Central
Location Details
HOA/Condo/Coop Amenities: Exercise Room
HOA Fee: $1,456
HOA Fee Frequency: Monthly
88 SW 7th St #3406, Miami, FL, 33130
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Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Condo
1
Bed
2
Baths
887 ft²
$792/ft²
$702,500
Jan 15, 2024
$702,500
Mar 15, 2024
$2,092/mo
Condo
1
Bed
2
Baths
883 ft²
$736/ft²
$650,000
Feb 26, 2024
$650,000
Sep 6, 2024
$2,012/mo
Condo
1
Bed
2
Baths
852 ft²
$739/ft²
$630,000
Jun 10, 2024
$630,000
Aug 1, 2024
$1,994/mo
Condo
1
Bed
2
Baths
886 ft²
$762/ft²
$675,000
Nov 9, 2023
$675,000
Jun 24, 2024
$1,942/mo
Condo
1
Bed
2
Baths
883 ft²
$708/ft²
$625,000
Jul 17, 2023
$625,000
Jan 23, 2024
$1,835/mo
Condo
1
Bed
2
Baths
843 ft²
$724/ft²
$610,000
Aug 17, 2023
$610,000
Jan 26, 2024
$1,365/mo
Condo
1
Bed
2
Baths
885 ft²
$842/ft²
$745,000
Jan 28, 2025
-
$2,472/mo
Condo
1
Bed
2
Baths
887 ft²
$823/ft²
$730,000
Jan 28, 2025
-
$2,345/mo
Condo
1
Bed
2
Baths
889 ft²
$894/ft²
$795,000
Dec 16, 2024
-
$2,375/mo
Condo
1
Bed
2
Baths
853 ft²
$856/ft²
$730,000
Jan 15, 2025
-
$2,125/mo
Condo
1
Bed
2
Baths
883 ft²
$793/ft²
$700,000
Feb 5, 2025
-
$2,393/mo
Condo
1
Bed
2
Baths
883 ft²
$780/ft²
$689,000
Nov 8, 2024
-
$2,401/mo
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
|---|---|---|---|---|---|---|---|---|
|
10/09/2024
|
2 Bed
|
3 Bath
|
1270 ft²
|
$1,150,000
2 Bed
3 Bath
1270 ft²
|
$1,100,000
-4.35%
12/16/2024
|
-
|
Gabriel D'Pascuale
Related ISG Realty, LLC.
| |
|
09/19/2024
|
2 Bed
|
3 Bath
|
1370 ft²
|
$1,050,000
2 Bed
3 Bath
1370 ft²
|
$1,000,000
-4.76%
11/05/2024
|
-
|
Fabian Dominguez
Fortune International Realty
| |
|
08/15/2024
|
2 Bed
|
3 Bath
|
1281 ft²
|
$1,157,000
2 Bed
3 Bath
1281 ft²
|
$1,045,000
-9.68%
12/10/2024
|
-
|
Howard Chase
Howard Chase Real Estate, LLC
| |
|
07/09/2024
|
2 Bed
|
2 Bath
|
1534 ft²
|
$1,250,000
2 Bed
2 Bath
1534 ft²
|
$1,020,000
-18.40%
01/31/2025
|
-
|
Aryanna Pineda
Keller Williams Realty International Lifestyles
| |
|
06/14/2024
|
2 Bed
|
2 Bath
|
1249 ft²
|
$1,199,000
2 Bed
2 Bath
1249 ft²
|
$1,050,000
-12.43%
01/13/2025
|
-
|
Jorge Llano
Dezer Platinum Realty LLC
| |
|
05/16/2024
|
2 Bed
|
2 Bath
|
1249 ft²
|
$1,190,000
2 Bed
2 Bath
1249 ft²
|
$1,030,000
-13.45%
11/27/2024
|
-
|
Sheila Bokstein
Fortune International Realty Brickell Inc
| |
|
03/25/2024
|
3 Bed
|
4 Bath
|
1835 ft²
|
$1,490,000
3 Bed
4 Bath
1835 ft²
|
$1,425,000
-4.36%
06/24/2024
|
-
|
Frank Gabriel
Coldwell Banker Realty
| |
|
03/06/2024
|
3 Bed
|
4 Bath
|
1664 ft²
|
$1,499,000
3 Bed
4 Bath
1664 ft²
|
$1,460,000
-2.60%
05/22/2024
|
-
|
Sofia Habib
Fortune Christie's International Real Estate
| |
|
03/04/2024
|
4 Bed
|
5 Bath
|
-
|
$3,800,000
4 Bed
5 Bath
|
$3,400,000
-10.53%
05/30/2024
|
-
|
Yaqueline Richards
Fortune Christie's International Real Estate
| |
|
02/26/2024
|
1 Bed
|
2 Bath
|
883 ft²
|
$739,900
1 Bed
2 Bath
883 ft²
|
$650,000
-12.15%
09/06/2024
|
-
|
Cristina Giral
Basel Boutique Real Estate
| |
|
02/22/2024
|
1 Bed
|
2 Bath
|
994 ft²
|
$770,000
1 Bed
2 Bath
994 ft²
|
$735,000
-4.55%
04/15/2024
|
-
|
Anita Freud
The Corcoran Group
| |
|
02/09/2024
|
2 Bed
|
3 Bath
|
1261 ft²
|
$1,099,000
2 Bed
3 Bath
1261 ft²
|
$1,045,000
-4.91%
04/22/2024
|
-
|
Cristina Giral
Basel Boutique Real Estate
| |
|
02/05/2024
|
3 Bed
|
4 Bath
|
1664 ft²
|
$1,499,998
3 Bed
4 Bath
1664 ft²
|
$1,375,000
-8.33%
04/12/2024
|
-
|
Maria Pacheco Gonzalez
Sharpline Realty Inc
| |
|
01/31/2024
|
2 Bed
|
2 Bath
|
1172 ft²
|
$978,000
2 Bed
2 Bath
1172 ft²
|
$890,000
-9.00%
08/06/2024
|
-
|
Maria Hahan
Gimeza A Real Estate Corp.
| |
|
01/15/2024
|
1 Bed
|
2 Bath
|
887 ft²
|
$725,000
1 Bed
2 Bath
887 ft²
|
$702,500
-3.10%
03/15/2024
|
-
|
Aryanna Pineda
Keller Williams Realty International Lifestyles
| |
|
12/22/2023
|
2 Bed
|
3 Bath
|
1200 ft²
|
$1,175,000
2 Bed
3 Bath
1200 ft²
|
$1,020,000
-13.19%
04/26/2024
|
-
|
Lucas Lechuga
Luxe Living Realty
| |
|
12/12/2023
|
2 Bed
|
3 Bath
|
1407 ft²
|
$1,399,999
2 Bed
3 Bath
1407 ft²
|
$1,070,000
-23.57%
09/30/2024
|
-
|
Cesar Alvarez
The Agency Florida LLC
| |
|
11/27/2023
|
2 Bed
|
3 Bath
|
1400 ft²
|
$1,250,000
2 Bed
3 Bath
1400 ft²
|
$1,170,000
-6.40%
05/06/2024
|
-
|
William Brothers
Compass Florida, LLC.
| |
|
11/10/2023
|
3 Bed
|
4 Bath
|
1645 ft²
|
$1,290,000
3 Bed
4 Bath
1645 ft²
|
$1,270,000
-1.55%
12/21/2023
|
-
|
Jose Pineros
Polit Realty LLC
| |
|
11/09/2023
|
2 Bed
|
3 Bath
|
1249 ft²
|
$1,195,000
2 Bed
3 Bath
1249 ft²
|
$1,075,000
-10.04%
03/28/2024
|
-
|
Nicolas Boucher
BHHS EWM Realty
| |
|
11/09/2023
|
1 Bed
|
2 Bath
|
886 ft²
|
$705,000
1 Bed
2 Bath
886 ft²
|
$675,000
-4.26%
06/24/2024
|
-
|
Helena Gonzalez
One Sotheby's International Realty
| |
|
10/26/2023
|
3 Bed
|
4 Bath
|
1691 ft²
|
$1,465,000
3 Bed
4 Bath
1691 ft²
|
$1,280,000
-12.63%
04/18/2024
|
-
|
Stephanie Cabral
EXP Realty, LLC
| |
|
09/21/2023
|
2 Bed
|
3 Bath
|
1401 ft²
|
$1,290,000
2 Bed
3 Bath
1401 ft²
|
$1,050,000
-18.60%
07/26/2024
|
-
|
Kiel Pollitt
One Sotheby's International Re
| |
|
07/26/2023
|
2 Bed
|
3 Bath
|
-
|
$1,149,000
2 Bed
3 Bath
|
$1,070,000
-6.88%
12/01/2023
|
-
|
Manuel Cruz
Nest International Realty, LLC
| |
|
08/14/2023
|
2 Bed
|
2 Bath
|
1407 ft²
|
$1,295,000
2 Bed
2 Bath
1407 ft²
|
$1,140,000
-11.97%
09/19/2024
|
-
|
Jonathan F. Castaneda P.A.
Fortune International Realty Aventura Inc
| |
|
07/17/2023
|
1 Bed
|
2 Bath
|
883 ft²
|
$725,000
1 Bed
2 Bath
883 ft²
|
$625,000
-13.79%
01/23/2024
|
-
|
James Hitchcock
Hitchcock Realty, LLC
| |
|
06/02/2023
|
2 Bed
|
2 Bath
|
1261 ft²
|
$1,080,000
2 Bed
2 Bath
1261 ft²
|
$990,000
-8.33%
04/18/2024
|
-
|
Karen Matluck
Compass Florida, LLC
|
Building Info
88 Southwest 7th Street
88 Southwest 7th Street, Miami, FL 33130
- 3 Units for Sale
About Downtown Miami
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Nearby Rentals
Listed by: Karen Vieira Ferreira
Miami Realty Solution Group
Last Updated: 27 days ago
Data Source: Miami MLS, MLS# A11735462
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
Miami Realty Solution Group
Last Updated: 27 days ago
Data Source: Miami MLS, MLS# A11735462
Courtesy of RH Advisors, Inc. and RHP Realty NJ, Inc. CalDRE: 00494703
