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8031 NW 8th St APT 17, Miami, FL, 33126

2beds
2baths
868sqft
$295,000
$340price/sqft
$2,219/moest. monthly cost
$88,760/yrincome needed

About This Home

8% CAP RATE INVESTORS ONLY AS THERE IS A SIGNED 1 YEAR LEASE STARTING Feb 27th 2026 $2,200 Updated apartment in the quiet neighborhood of "las Villas of Fountain Blue" 3 Bedrooms, 1 full bath upstairs and one half bath downstairs. (the apartment is 870 sq ft but well distributed) All upgraded appliances, natural light, high end bathrooms, privacy between all the bedrooms, storage space, Assigned and visitor parking along with being a corner unit make this apartment very unique. Won't last. Amazing investment due to low association and high rentability, or great to live.

Getting Around

38
WalkingCar-Dependent
42
TransitSome Transit
41
BikeSomewhat Bikeable

Schools

9/10
4/10
West Miami Middle SchoolGrades 6-82.1 mi

Construction

Condition

  • Year built: 1998

Materials

  • Construction materials: CBS Construction

Type & Style

  • Home type: Condo
  • Property subType: Condominium

Interior

Appliances

  • Appliances included: Dryer,Refrigerator,Washer

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 2
  • Full bathrooms: 1
  • 1/2 bathrooms: 1

Features

  • Split Bedroom
  • Flooring: Ceramic Tile
  • Common walls with other units/homes: Corner Unit

Heating & Cooling

  • Heating features: Central
  • Cooling features: Central Air

Interior Area

  • Total structure area: 868
  • Total interior livable area: 868 sqft

Property

Details

  • Parcel number: 3030531290450
  • Attached to another structure: Yes

Features

  • Exterior features: None
  • Has view: Yes
  • View description: Other

Parking

  • Total spaces: 1
  • Parking features: 1 Space,Assigned
  • Has garage: Yes
  • Attached garage spaces: 1
  • Covered spaces: 1

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Coastal Flooding
    Coastal FloodingModerate
  • Cold Wave
    Cold WaveModerate
  • Hurricane
    HurricaneModerate
  • Heat Wave
    Heat WaveModerate
  • Inland Flooding
    Inland FloodingModerate
  • Lightning
    LightningModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Coastal Flooding
Cold Wave
Hurricane
Heat Wave
Inland Flooding
Lightning
Tsunami

FEMA Declared Disasters in Miami-Dade County and Florida

Flood
Hurricane
Tropical Depression
Tropical Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $1,491$17,892
Home Insurance *$76$912
Property Taxes $455$5,460
Electricity $197$2,366
Total$2,219$26,628
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$76,080/yr
40% on housing$66,570/yr
45% on housing$59,173/yr

Florida FAIR Plan Programs

Citizens Property Insurance Corporation [Florida]

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 1,321,953Commercial: 13,564
Total Premiums$4.60B
Total Exposure$385.82B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 7.8%
7.8%
0%30.0%
Electricity Growth Rate10-year average: 2.2%
2.2%
0%15.0%
Property Taxes Growth Rate2-year average: 3.3%
3.3%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$340This listing

vs Other Active Listings

Avg $/sqft

ZIP 33126$235
Miami-Dade County$639

vs Homes Sold Last Month

Median $/sqft

ZIP 33126$430
Miami-Dade County$404

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-02-15Listed for sale$295,000
2026-01-26Listing removed$2,200
2026-01-08Listed for rent$2,200
2024-01-08Listing removed--
2024-01-02Listed for rent$2,200
2020-06-05Sold$191,000
2020-05-17Pending sale$199,999
2020-04-10Listing removed$1,650
2020-04-08Price change$199,999
2020-03-17Listed for rent$1,650
2019-04-12Listing removed$1,600
2019-04-01Sold$189,000
2019-03-14Listed for rent$1,600
2019-01-15Price change$196,000
2018-10-30Listed for sale$199,000
2018-07-08Listing removed$1,600
2018-07-03Listed for rent$1,600
2015-05-04Sold$108,000
2015-03-09Pending sale$103,000
2015-03-09Listed for sale$103,000
2014-01-06Sold$83,700
2006-09-06Sold$225,000

For Sale by Agent

AgentJuan Corzo
BrokerageSOMOS Realty Corp

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