Comp and Circumstance: DC vs. Miami

by Rebecca Ortega

Comp and Circumstance usually presents two “for-sale” homes of roughly similar prices in DC and compares the pros and cons of each. This week, however, members of UrbanTurf were down in Miami, so we decided to see how DC property prices compared to those in South Florida. The price point for this week’s travel edition of Comp and Circumstance is $699,000. Let us know in the comments section below which of the two you feel is the better buy.

See all our past Comp and Circumstance features here.

Comp and Circumstance: DC vs. Miami: Figure 1

Four-Bedroom Spanish Style Home in Miami’s Upper East Side

The housing market in South Florida was one of the hardest hit during the crisis of the last two years, and Miami is a city that still has a long way to go toward recovery. While real estate professionals in the region say that things are getting better, homes that used to sell for over $1 million are now on the market for far less.

Comp and Circumstance: DC vs. Miami: Figure 2

This four-bedroom home is tucked away on a quiet cul-de-sac on the Upper East Side (not Manhattan) of Miami (map). In addition to a brand new kitchen and renovated bathrooms with huge showers, the Spanish-style home has a master suite with large custom closets and a patio area with oak trees that will likely make DC residents pine for year-round warm weather. The property also has an attached guest house with its own living areas. Originally listed for over $900,000, the listing price has dropped over $200,000.

Four-Bedroom Renovated Home on Monroe Street in Columbia Heights

Comp and Circumstance: DC vs. Miami: Figure 3

Renovated this year, 1435 Monroe Street NW (map) is a large Victorian row home in Columbia Heights with about 2,400 square feet of total space. The house has four bedrooms, 3.5 bathrooms, a patio off of the kitchen and two off-street parking spaces. The home’s kitchen was redone with a cool, clean color scheme, an island and a six-burner stove. The master suite has vaulted 13-foot ceilings and his and her closets along an exposed brick wall. The basement is fully finished, with tile flooring and a full bathroom, and there is the potential that it could be a rental unit, but a kitchen would need to be added.

So, what do you think? Does the Columbia Heights house make you happy that you live in DC? Or does the Miami home make you want to leave DC in the dust? Let us know your preference in the comments below.

  692 NE 70 Street, Miami, Florida 1435 Monroe Street NW
Bedrooms 4 4
Bathrooms 4.5 3.5
Pros High-end renovations, large patio, guest house New renovations, large property, off-street parking, possible in-law suite
Cons Listing price has gone down significantly and could still drop Additions needed to be made to make lower level rentable
Price $699,000 $699,999
Links 692 NE 70 Street 1435 Monroe Street NW

See other articles related to: miami, comp and circumstance

This article originally published at https://dc.urbanturf.com/articles/blog/comp_and_circumstance_dc_vs._miami/2685


  1. Miami said at 5:04 pm on Thursday November 18, 2010:
    Falling prices be damned...I am moving to Miami.
  1. jimmy said at 5:15 pm on Thursday November 18, 2010:
    Miami all the way. Aside from some redonkulous decorating (what is with that wall of bulb-like mirrors??) the Miami place is amazing. That back patio is almost enough alone to sell me on the place, although I suppose it's possible that the memories of such wonderful DC weather as "Snowpacalypse" and "Snowmageddon" are affecting my opinion...
  1. Mike said at 5:44 pm on Thursday November 18, 2010:
    Like LeBron, I'm taking my talents to South Beach
  1. Arlington said at 6:26 pm on Thursday November 18, 2010:
    The Miami home would be a heck of a commute to my job in DC
  1. SW said at 5:12 am on Friday November 19, 2010:
    Miami's job market is @%&!. I'll take the 14 and Monroe NW location without blinking.
  1. Lalala said at 7:49 am on Friday November 19, 2010:
    I'd rather live in a hovel than live in Florida.
  1. Rob said at 4:38 pm on Friday November 19, 2010:
    $699 for Miami? That seems WAY high. I hear they're jumping out of windows in S. Florida. Offering 50% with 3% closing and watch them snatch at it like crocs. Try Fort Laud for less pomp and more comp.
  1. James Andrew Sands said at 4:51 pm on Friday November 19, 2010:
    As a Fort Lauderdale native, and Realtor licensed in Florida, I can honestly say South Florida is a GREAT BUY! See some of my GREAT South Florida listings here now JAMESANDREWSANDS.com
  1. MD said at 5:38 pm on Friday November 19, 2010:
    If I knew I could make a living there, Miami please!The house is adorable! Unfortunately, there's a reason housing prices have fallen like crazy there- they're having a rough time of it. I'd definitely consider a discounted condo as a second home/investment, but not ready to chance a first home there yet.

DC Real Estate Guides

Short guides to navigating the DC-area real estate market

We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Visit guides.urbanturf.com or start browsing below!

Northern Virginia

Profiles of 14 neighborhoods across Northern Virginia

Looking to Give People A Reason to Stay Past 6pm
Happily Straddling the Line Between City and Suburb
Columbia Pike
Arlington’s Neglected Stepchild is Getting a Makeover
Crystal City
Turning Lemons into Lemonade
Lyon Village
Developing An Air of Exclusivity?
Hitting Its Growth Spurt
An Urban Village Hitting Its Stride
Del Ray
Virginia’s Small Town Near the Big City
Eisenhower Avenue
The Vibrancy Might Take a Few Years
The Quiet Neighborhood By the Beltway
Old Town
Mayberry By The Potomac
132 Commerical-Free Acres
Downtown Falls Church
Staying the Same in the Midst of Change
Tysons Corner
Radical Change Could Be On The Way

See more Northern Virginia »


Profiles of 14 neighborhoods in suburban Maryland

Small-Town Living in the State Capital
Bedroom Community Gets Buzzing Cache
Cabin John
In With The New While Maintaining the Old
Chevy Chase
Affluence, Green Lawns and Pricey Homes
Downtown Silver Spring
Experiencing a Resurgence After a Bumpy History
A Suburb on Steroids
Rockville Town Square
Despite the Dynamism, Still Somewhat Generic
Takoma Park
More Than a Little Bit Quirky
A Foodie Magnet on the Verge of Change
Capitol Heights
Kudzu, Front Porches and Crime
Glass Half Full or Half Empty?
Mount Rainier
Artists, Affordable Homes and A Silo Full of Corn
National Harbor
A Development Rises Next to the Potomac
Riverdale Park
A Town Looking For Its Identity

See more Maryland »

Northwest DC

30+ neighborhood profiles for the city's biggest quadrant

16th Street Heights
DC's Sleeper Neighborhood
Where (Almost) Everyone Knows Your Name
AU Park
One of DC’s Last Frontiers Before the Suburbs
DC’s Northern Neighborhood on the Cusp
DC’s 535 House Neighborhood
Cathedral Heights
Do You Know Where That Is?
Chevy Chase DC
Not to Be Confused With the Other Chevy Chase
Cleveland Park
Coming Back After A Rough Year
Columbia Heights
DC’s Most Diverse Neighborhood, But For How Long?
An Island of Serenity East of the Park
Dupont Circle
The Best of DC (For a Price)
Foggy Bottom & West End
Where the Institutional Meets the International
Forest Hills
Ambassadors and Adventurous Architecture
Foxhall Village
350 Homes Just West of Georgetown
Friendship Heights
A Shopping Mecca With a Few Places to Live
History, Hoyas and H&M
Glover Park
One of DC’s Preppier and More Family-Friendly Neighborhoods
A Posh View From Embassy Row
LeDroit Park
A Quiet Enclave in the Middle of the City
Logan Circle
Trendy Now, But Not By Accident
Mount Pleasant
Sought-After Homes Surround Main Street in Transition
Mount Vernon Triangle
From Seedy to Sought-After
The Long, Skinny Neighborhood at the City’s Northwest Edge
Park View
It’s Not Petworth
Penn Quarter/Chinatown
DC’s Go-Go-Go Neighborhood
Getting a Vibrancy of Its Own
The Duke’s Former Stomping Ground
Shepherd Park
DC’s Garden of Diversity
Spring Valley
A Suburb With a DC Zip Code
Not To Be Confused With Takoma Park
Not Quite Like Its Neighbors
U Street Corridor
The Difference a Decade Makes
Woodley Park
Deceptively Residential
Adams Morgan
No Longer DC’s Hippest Neighborhood, But Still Loved by Residents

See more Northwest DC »

Southwest DC

The little quadrant that could

Southwest Waterfront
A Neighborhood Where A Change Is Gonna Come

See more Southwest DC »

Northeast DC

Profiles of 10 neighborhoods in NE

New Development Could Shake Up Pastoral Peace
A Little Bit of Country Just Inside the District’s Borders
Not to Be Confused With Bloomingdale
Fort Totten
Five Years Could Make a Big Difference
H Street
A Place To Party, and To Settle Down
The Northeast Neighborhood That Few Know About
Michigan Park
A Newsletter-On-Your-Doorstep Community
Evolving from a Brand to a Neighborhood
Ripe for Investment Right About Now
The Difference 5 Years Makes
Big Houses, A Dusty Commercial Strip and Potential

See more Northeast DC »

Southeast DC

6 neighborhoods from Capitol Hill to East of the River

Capitol Riverfront
Still Growing
Hill East
Capitol Hill’s Lesser Known Neighbor
Congress Heights
Gradually Rising
Notable for Its Neighborliness
Historic Anacostia
Future Promise Breeds Cautious Optimism
Eastern Market
A More European Way of Living

See more Southeast DC »