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Condo · Miami · Miami-Dade County

1800 NE 114th St #1508, Miami

One individual 2-bedroom / 3-full-bath condo on floor 15 of the waterfront Cricket Club on Biscayne Bay, with 1,950 SF and partial bay / skyline views. The broker reports REO / lender-bank ownership and cash terms. Asking price reduced to $144,000 on November 3, 2026. Gallery shows older finishes and a bedroom with exposed flooring; renovation scope and possession require confirmation. Rent is not established.

Recorded status: Broker page reported active; research candidate. Checked: .

Dated listing record · recheck availability and legal unit count.

Asking price
$144,000

Monthly rent · Scenario: Not reported

Assumptions behind these estimates

Starting values for this brief. Change any of them in the interactive brief; your changes stay in your browser. Default values

InputValueBasis
Total scheduled rent per monthNot setNeeds your estimate
Vacancy (%)5%Matches planning allowance
Management (% of collected rent)8%Matches planning allowance
Maintenance (% of total rent)5%Matches planning allowance
Buyer annual tax assumption (% of price)2%Matches planning allowance
Annual insurance$1,800Matches planning allowance
Annual owner-paid utilities$600Matches planning allowance
Monthly HOA or condo fees$3,051Matches source observation
Other annual operating expenses$600Matches planning allowance
Capital reserves (% of total rent)3%Matches planning allowance
Down payment (%)100%Matches planning allowance
Mortgage rate (%)7%Matches planning allowance

Unit mix & possession

One individual 2-bedroom / 3-full-bath condo residence, unit 1508. Current lease and possession terms unconfirmed.

Reported units
1
Reported listing area
1,950 sq ft
Reported year built
1975
Asking / reported sq ft
$74
HOA / month
$3,051
Reported 2025 tax / year
$3,675
HOA + historical tax / month
$3,357
CALCULATED FROM REPORTED FIGURES

$3,357/month goes to reported HOA and historical tax alone. Rental income would have to cover this plus the remaining ownership costs.

HOA + historical tax only. Excludes insurance, assessments, upkeep and financing; buyer taxes can change.

SIEARN TAKE

Why we’re tracking it

Bayfront building, 1,950 SF and a broker-reported REO / bank-owned sale reduced to $144,000 on November 3. Same-building units 1511 and 608 closed at $220,000 and $185,000, but different fees, condition and assessment obligations prevent treating the gaps as profit. HOA plus historical 2025 tax alone total $40,287/year. Unit 1508’s assessment payoff is the deciding next check.

LISTING AGENT’S DESCRIPTION · SUMMARY

One individual 2-bedroom / 3-full-bath condo residence, unit 1508. Current lease and possession terms unconfirmed.

A large 2-bedroom / 3-bath residence with a primary sitting area, dual en-suite bathrooms, balcony partial bay and skyline views, and waterfront community amenities. Exact-MLS photos show older finishes and exposed bedroom flooring.

HOA is $3,051/month; the unit assessment balance, repair scope and possession are unresolved. Obtain the exact unit ledger before interpreting the $144,000 ask.

Listed by All Florida Property Group · Ron Stafford · via Coldwell Banker · observed Nov 4, 2026Read the full agent description at All Florida Property Group ↗

View broker photos (opens broker website)

Broker info & key considerations To confirm

Bayfront · broker-reported REO · fresh price cut · assessment diligence

Get the exact unit assessment payoff, association records, title and possession terms, then price repairs and compare net closing obligations.

  • Reported $3,051 monthly HOA is $36,612 annually. Adding the $3,675 historical 2025 tax gives $40,287/year before insurance, repairs, assessments, financing and any buyer tax reset.
  • Special assessments are flagged but unit 1508’s balance is unknown. A closed listing for other unit 1511 disclosed $175/month, $160/month and a $134,000 total assessment payable in installments. Those are historical disclosures for unit 1511, not verified liabilities for unit 1508; obtain the exact unit ledger and payoff before judging the low ask.
  • Same-building 2-bedroom / 3-bath 1,950-SF units 1511 and 608 closed for $220,000 on March 10, 2026 and $185,000 on June 22, 2026 respectively. Their reported monthly HOAs were $2,545 and $2,881; floors, views, condition and assessment allocation differ. Asking gaps do not establish equity or profit.
  • REO is a broker classification, not official title or foreclosure-case confirmation. No verified auction date, bid or lender payoff is published.
  • Exact-MLS gallery visually reviewed; linked at the broker pending display rights. Broker map longitude conflicts with the Miami address, so no guessed map pin is used.
Source evidence and diligence

Financial figures observed Nov 4, 2026. Reported income is not audited collections. Editable estimates, financing and saved assumptions are separate from these source facts.

Gross rental yield basis

Needs supported whole-property rent or your rent assumption and a positive asking price. Unknown rent is not zero.

Sources

Questions to resolve

  • Obtain unit 1508 association estoppel, assessment ledger, payoff and responsibility at closing; verify reserves, inspection / recertification work and future fee increases.
  • Confirm bank title, liens, possession, executed lease if any and lawful rental restrictions.
  • Inspect exposed flooring and other condition items; price repairs, insurance and buyer taxes.
  • Reconcile comparable condition, view, monthly fees and seller/buyer assessment allocation before choosing a target purchase price.
How siEarn separates facts, estimates and unknowns

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Florida property research

Research scope includes Miami-Dade, Broward, the Florida Keys and Flagler County. Published observations vary by market.

[1] Gross yield excludes costs and financing. Source figures are unverified; estimates use editable assumptions. Check current listing availability. County records are separate from listings. Saves stay in this browser; export a backup before clearing site data. Sources & methods