Provident Doral at The Blue Resort & Spa · 5300 NW 87th Ave · AAA Four Diamond condo-hotel · Built 2007 · Across from Trump National Doral Golf Course · Daily rentals approved with optional hotel management.
Investment thesis
Three reasons The Blue is the lowest-effort STR investment in Miami-Dade County.
HOA covers ALL utilities (electricity, water, cable, internet) + resort amenities + 24/7 security. Owners get a single predictable monthly cost — no separate bills, no surprises.
Choose your model: (1) Provident hotel program — full hands-off, they handle bookings, housekeeping, marketing. (2) Self-managed Airbnb — keep 100% of net revenue. Switch anytime.
Across the street from one of the most prestigious golf resorts in the US. Steady demand from golf tourists, business travelers, family vacationers visiting Doral resort and CityPlace.
Cost & rules
Real HOA from active MLS listings, May 2026. The Blue's "all-in" structure is unique — most condo-hotels charge HOA + utilities separately.
1 managed unit + market comps
Steve manages 1 unit at The Blue Resort. Below: Steve's unit + market comps showing studio, 1BR, and 3BR townhouse options.
AirDNA Doral market data
Doral STR market is steady year-round thanks to Trump National Doral, business travel, and CityPlace Doral. Lower seasonal swings vs. Brickell/Beach.
Source: AirDNA Doral submarket · May 2026 · The Blue Resort is rated AAA Four Diamond. Across from Trump National Doral Golf Course (4 courses, world-class).
ROI projections
Doral cap rates are higher than Brickell because entry prices are lower. The $1,089 all-in HOA is high vs price, but eliminates all variable costs.
| Unit type | Price | STR rev | HOA/yr | NOI | Cap rate |
|---|---|---|---|---|---|
| Studio · 705 sqft | $169k | $32k | $7.8k | $16k | 9.5% |
| 1BR · 1,070 sqft | $200k | $43k | $13.1k | $21k | 10.5% |
| 3BR Townhouse · 2,070 sqft | $600k | $95k | $26.4k | $48k | 8.0% |
Buy + run · one team
Blue Resort's HOA includes building-level amenities, but the unit-level rental program is on you. Property Management Brickell LLC (BlueBay's sister entity) runs the Airbnb / Booking / VRBO stack, handles cleaning, and files Florida sales/tourist tax on your behalf.
Multi-channel listings (Airbnb, VRBO, Booking, Furnished Finder where relevant) with dynamic pricing tuned to season, demand events, and comp-set positioning.
Guest screening, contracts, check-in coordination, cleaning between stays, maintenance triage. Single point of contact for every issue.
Monthly P&L statement, occupancy & ADR vs. comp set, tax-ready ledgers (Florida sales/tourist tax filed on your behalf where applicable).
Management fee is % of revenue, not a fixed retainer. We earn more when your home performs better — same numbers Steve hits on the units in his own portfolio.
Property Management Brickell LLC · Florida licensed · Working alongside BlueBay Brokers. Pricing and scope discussed during your strategy call.
Lead magnet · 24h delivery
Fill the form. Steve sends back a personalized 12-month STR projection with comparables, scenarios, and seller financing options — within 24 hours, no obligation.
What you get: 4-page PDF · MLS data · AirDNA benchmarks · Steve's actual P&L from managed units.
15-minute strategy call with Steve to walk through unit options, financing structure, and target ROI.