601 NE 1st St 3907, Miami, FL 33132 — MLS photo

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601 NE 1st St 3907, Miami, FL 33132

Active · Condominium

$565,000

601 NE 1st St 3907, Miami, FL 33132

Beds
1
Baths
1
Living area
505 sq ft
$ / sq ft
$1,119/sq ft
Year built
2024
Lot size
—
HOA fee
$1,095 Monthly
Annual tax
$399

About this property

Calling all investors and end-users! This fully furnished, move-in-ready unit in a brand-new 2024 building offers stunning bay and city views, plus rare short-term rental approval—perfect for generating strong income or enjoying as a stylish residence. Designed for comfort and flexibility, the unit is turnkey and thoughtfully appointed. Residents enjoy world-class amenities including a resort-style pool, full-service spa, kids’ play area, meeting rooms, and three on-site restaurants. Unbeatable location directly across from the Kaseya Center and just steps from Miami Worldcenter and Bayside Marketplace—experience the best of Miami at your doorstep.

Property location

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601 NE 1st St 3907, Miami, FL 33132

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Facts & features

Interior

Bedrooms
1
Bathrooms
1
Living area
505 sq ft
Flooring
Tile
Appliances
Dryer, Dishwasher, Electric Range, Electric Water Heater, Disposal, Microwave, Refrigerator, Washer
Cooling
Central Air
Heating
Central
Interior features
Bedroom On Main Level, First Floor Entry

Exterior & Structure

Property type
Condominium
Year built
2024
Stories
51
Architectural style
High Rise
Construction
Block
Exterior features
Balcony, Security High Impact Doors, Other
Pool
Association
Waterfront
Bayfront
View
Bay, Ocean

Parking

Garage spaces
0
Covered spaces
0
Parking features
Valet

HOA, Community & Financials

Association fee
$1,095 Monthly
Fee inclusions
Amenities, Common Areas, Cable Tv, Maintenance Grounds, Maintenance Structure, Pools, Recreation Facilities, Sewer, Security, Trash, Water
Amenities
Fitness Center, Pool, Sauna, Spa Hot Tub, Elevators
Security
Elevator Secured, Key Card Entry, Security Guard
Pets allowed
Size Limit, Yes
Annual tax
$399
Subdivision
Gale Residences
County
Miami-Dade
Days on market
354
MLS listing ID
A11809872
Listing status
Active

Investment intelligence

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

-$1,920

Cap rate
1.6%
Net yield
1.6%
Cash-on-cash return
-14.6%
Gross yield
5.2%
Mortgage payment
$2,678/mo
Down payment
$141,250
Loan amount
$423,750
Annual NOI
$9,106

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