Cays Realty
851 NE 1st Ave PH5011, Miami, FL 33132 — MLS photo

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851 NE 1st Ave PH5011, Miami, FL 33132

Active · Condominium

$4,899,000

851 NE 1st Ave PH5011, Miami, FL 33132

Beds
4
Baths
5
Living area
4,084 sq ft
$ / sq ft
$1,200/sq ft
Year built
2019
Lot size
—
HOA fee
$5,564 Monthly
Annual tax
$60,681

About this property

Spectacular 4 bedroom, 5 bathroom penthouse unit with an additional den in Miami’s iconic Paramount Miami Worldcenter. This new-construction unit on the 50th floor offers incredible views from every room across its over 4K SqFt. Residents enter the unit via its private elevator and step into the great room, featuring floor to ceiling windows, a European-style kitchen & a 530 SqFt balcony, perfect for entertaining. This penthouse unit offers a split floorplan with a large master-suite, 3 large guest bedrooms with in-suite bathrooms and walk-in closets, and a separate den with a full bathroom and large closet. Paramount Miami Worldcenter offers resort-style amenities and is located in the heart of Downtown Miami, steps from the city’s most popular attractions and the shores of Biscayne Bay.

Property location

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851 NE 1st Ave PH5011, Miami, FL 33132

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Facts & features

Interior

Bedrooms
4
Bathrooms
5
Living area
4,084 sq ft
Flooring
Tile
Appliances
Dryer, Dishwasher, Electric Water Heater, Ice Maker, Microwave, Refrigerator, Washer
Cooling
Central Air, Electric
Heating
Central, Electric
Interior features
Bathtub, Dual Sinks, Entrance Foyer, Elevator, Family Dining Room, Kitchen Island, Kitchen Dining Combo, Living Dining Room, Split Bedrooms, Separate Shower, Vaulted Ceilings, Walk In Closets
Furnished
Unfurnished

Exterior & Structure

Property type
Condominium
Year built
2019
Stories
55
Architectural style
High Rise, Penthouse
Construction
CBSConcrete Block Structure, Block
Exterior features
Balcony, Security High Impact Doors, Other
Pool
Association, Heated
Waterfront
Other
View
Bay, Skyline, Water

Parking

Garage spaces
2
Covered spaces
2
Parking features
Assigned, Attached, Covered, Garage, Two Or More Spaces

HOA, Community & Financials

Association fee
$5,564 Monthly
Fee inclusions
Association Management, Amenities, Common Areas, Hot Water, Insurance, Maintenance Grounds, Maintenance Structure, Other, Pools, Recreation Facilities, Roof, Sewer, Security, Trash, Water
Amenities
Business Center, Cabana, Clubhouse, Community Kitchen, Fitness Center, Barbecue, Other, Picnic Area, Playground, Pool, Spa Hot Tub, Tennis Courts, Trails, Elevators
Security
Door Man, Elevator Secured, Secured Garage Parking
Pets allowed
Conditional, Yes
Annual tax
$60,681
Subdivision
PARAMOUNT MIAMI WORLDCENT
County
Miami-Dade
Days on market
529
MLS listing ID
A11796872
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

-$17,962

Cap rate
1.3%
Net yield
1.3%
Cash-on-cash return
-15.7%
Gross yield
5.1%
Mortgage payment
$23,224/mo
Down payment
$1,224,750
Loan amount
$3,674,250
Annual NOI
$63,146

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