Cays Realty
851 NE 1st Ave 4203, Miami, FL 33132 — MLS photo

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851 NE 1st Ave 4203, Miami, FL 33132

Active · Condominium

$1,349,000

851 NE 1st Ave 4203, Miami, FL 33132

Beds
2
Baths
3
Living area
1,560 sq ft
$ / sq ft
$865/sq ft
Year built
2019
Lot size
—
HOA fee
$2,750 Monthly
Annual tax
$22,152

About this property

This spectacular, 2 bedrooms + den 3 full baths unit in Paramount World Center features 10 ft ceilings, European kitchen, lots of natural light with breathtaking panoramic city, bay and intercostal views. This is one of the few units with the extended wraparound balcony. Paramount World Center offers exquisite amenities, including five pools, gym with boxing ring, game room, golf simulator, half basketball court, children’s play room, soccer field, tennis, spa, food, market, and so much more. This is a pet friendly building located in the heart of downtown Miami, steps away from the Brightline train station, Port of Miami, and minutes to the Miami airport, Wynwood, and Miami Beach.

Property location

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851 NE 1st Ave 4203, Miami, FL 33132

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Facts & features

Interior

Bedrooms
2
Bathrooms
3
Living area
1,560 sq ft
Flooring
Ceramic Tile, Other
Appliances
Built In Oven, Dryer, Dishwasher, Disposal, Microwave, Refrigerator
Cooling
Central Air, Electric
Heating
Central, Electric
Interior features
Built In Features, Bedroom On Main Level, Bathtub, Closet Cabinetry, Dual Sinks, Entrance Foyer, First Floor Entry, Kitchen Island, Living Dining Room, Main Level Primary, Split Bedrooms, Separate Shower, Elevator

Exterior & Structure

Property type
Condominium
Year built
2019
Stories
55
Architectural style
High Rise
Construction
Block
Exterior features
Balcony, Other
Pool
Association
View
City, Water

Parking

Garage spaces
1
Covered spaces
1
Parking features
Attached, Garage, One Space, Valet

HOA, Community & Financials

Association fee
$2,750 Monthly
Fee inclusions
Association Management, Amenities, Sewer, Security, Water
Amenities
Basketball Court, Business Center, Fitness Center, Pool, Sauna, Spa Hot Tub
Security
Elevator Secured, Lobby Secured, Security Guard
Pets allowed
Conditional, Yes
Annual tax
$22,152
Subdivision
PARAMOUNT MIAMI WORLDCENT
County
Miami-Dade
Days on market
549
MLS listing ID
A11760379
Listing status
Active

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Yield & ROI calculator

Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.

Estimated monthly cash flow

-$5,912

Cap rate
0.4%
Net yield
0.4%
Cash-on-cash return
-18.8%
Gross yield
5.8%
Mortgage payment
$6,395/mo
Down payment
$337,250
Loan amount
$1,011,750
Annual NOI
$5,799

Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.