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    Corner Unit with Water Views Title is generated by Realmo AI

    700 NE 26th Ter 1001, Miami, FL 33137

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    Claim this Listing
    For Sale
    $2,990,000

    Spectacular corner unit with water and city skyline views.

    Type:Condo/Townhome
    Property size:
    2,586 SF
    Price / SF:
    $1,156/SF
    Added:
    Mar 24, 2026
    Days on Market:
    69
    Last Refresh:
    Apr 6 at 3:29 am

    Property Features for 700 NE 26th Ter 1001

    General Information

    Standard status
    Active
    Size
    2,586 SF
    Property subtype
    Condo/Townhome

    Building Details

    Year Built
    2023

    We can help!

    Listing Contact
    Pablo Fadul

    Listing agent Pablo Fadul License #3331541

    Listing office Coldwell Banker Realty

    Listing date Mar 24, 2026

    Source Exitrealty

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Realty

    HighLights

    • Unobstructed water views and breathtaking city skyline from a corner unit
    • Top‑of‑the‑line Wolf and Sub Zero kitchen appliances, Italkraft cabinetry, and wine cooler
    • Extensive amenities including Olympic‑size pool, spa, gym with bay views, and more
    • 3 bedrooms + Den and 4.5 bathrooms
    • 10 ft. floor‑to‑ceiling windows providing bright and spacious living
    • Large balcony in the living room and master bedroom

    Overview

    This corner unit features 3 bedrooms, a den, and 4.5 bathrooms. The property offers unobstructed water views and a city skyline view. Floor-to-ceiling windows, measuring 10 ft., provide natural light. The unit includes marble floors, a kitchen with Wolf and Sub Zero appliances, Italkraft cabinetry, and a wine cooler. There is a large balcony accessible from the living room and the master bedroom. Building amenities include a gym with 180-degree bay views, a private yoga studio, spa and sauna, an Olympic-size pool, a lounge pool, a tennis court, a resident game room, a private dining and party room, an indoor bay-terrace lounge with a double-height ceiling, a bayside terrace with a cantilevered pool overlooking the bay, a private screening room, a hair and nail salon, a kids’ club, and a pet spa. The property size is 2586 square feet.
    Location Intelligence

    Current Use by Public Records

    HXT Sauce Branding ... Marketing & Advertising

    Suggested Use

    Law Firm Real Estate Agency Dental Office Spa & Massage Center Restaurant Hair Salon Nail Salon Building Supply Auto Repair Shop Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.185689
    Latitude
    25.802058

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    FAQs

    What type of property is this?
    Residential income property - Spectacular corner unit with water and city skyline views.
    Where is this residential income property located?
    The property is located at 700 NE 26th Ter 1001 Miami, FL.
    What is the asking price?
    The asking price for this property is $2,990,000.
    What are key features of this property?
    This property features: Unobstructed water views and breathtaking city skyline from a corner unit; Top‑of‑the‑line Wolf and Sub Zero kitchen appliances, Italkraft cabinetry, and wine cooler; Extensive amenities including Olympic‑size pool, spa, gym with bay views, and more
    (305) 361-5722
    We can help!
    Listing Contact
    Pablo Fadul
    Real Estate License ID: 3331541
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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