88 Guy Pl #301
Higher is a better buy. 50 is "priced about right for what it is". The last step curves the raw advantage onto 0–100, so points stop being one-for-one at the extremes.
💵What this unit actually costs per month
30% of that payment is not the mortgage. The HOA fee alone is $67,860 over five years — money that buys you no equity. A calculator that defaulted the fee to zero would have quoted you $6,335.
Not FHA-approved. No 3.5%-down FHA financing on this unit, so the realistic floor is a 5%-down conventional loan ($47,450). Common for small associations and not a defect on its own, but it does remove FHA buyers from your resale pool.
Minimum realistic down payment here: 5% · verify on HUD's lookup
Rate is the Freddie Mac PMMS 30-year average for the week of 2026-10-08 — a national survey figure, not a quote. Tax, insurance and closing costs are estimates; your own Loan Estimate is the real number.
This building's HOA fees
We haven't reconstructed a multi-year fee history for this building yet. We have one recorded fee on file ($1,163 in 2026), not enough for a trend yet. The listing shows $1,131/mo today. Upload its HOA docs and we'll build the full reserve & special-assessment report — free.
🏢 Get this building's free HOA report →✅ Positives
- 17% below model fair value
- 82% below its 2007 peak
- Upper floor (fl 3)
- Garage parking
⚠️ Cons
- HOA $1131/mo
🚩 Red flags
- Very high HOA $1131/mo (full-service high-rise)
- Listed BELOW its 2019 sale ($973k) → value eroding
- Live/work loft — workspace-heavy sqft and a thinner buyer pool inflate the apparent discount vs regular condo comps
Photos
Price history (this unit)
- Sep 17, 2026 — Listed $949,000
- Jul 16, 2019 — Sold (Public Records) $973,000
- Jun 21, 2007 — Sold (Public Records) $5,200,000
Description
Bright, beautifully updated live/work loft on Rincon Hill in the heart of South Beach one of the city's most desirable and centrally located neighborhoods. This well-managed live/work building offers a rare combination of style, flexibility, and location. Oversized windows flood the main floor with natural light, framing an open living and dining area, a functional kitchen, a dedicated office, and a bedroom with easy bath access perfect for work-from-home flexibility. Upstairs, the sun-filled loft offers a second bedroom with a walk-in closet, washder/dryer hookups and is open to the living space below. The unit has been freshly painted throughout with newly refinished floors, making it…