851 NE 1st Ave 1508, Miami, FL 33132 — MLS photo

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851 NE 1st Ave 1508, Miami, FL 33132

Active · Condominium

$875,000

851 NE 1st Ave 1508, Miami, FL 33132

Beds
3
Baths
3
Living area
1,498 sq ft
$ / sq ft
$584/sq ft
Year built
2019
Lot size
—
HOA fee
$2,163 Monthly
Annual tax
$16,669

About this property

Experience luxury living at its finest in this "Jewel at Paramount." This stunning residence features en-suite privacy, floor-to-ceiling windows, and a spacious balcony with breathtaking city views. The gourmet kitchen is equipped with state-of-the-art appliances, quartz countertops, and custom cabinetry. Beyond the unit, residents enjoy the building's world-renowned amenities, which are unlike anything else in the city. The comprehensive package includes a rooftop pool and sundeck, a full-service spa, and a fitness center with yoga and boxing studios. Unique sporting facilities feature a soccer field, tennis and basketball courts, and a golf simulator. With a movie theater and 24/7 concierge/security, this is a truly world-class living experience.

Property location

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851 NE 1st Ave 1508, Miami, FL 33132

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Facts & features

Interior

Bedrooms
3
Bathrooms
3
Living area
1,498 sq ft
Flooring
Tile
Appliances
Built In Oven, Dryer, Dishwasher, Electric Range, Microwave, Refrigerator, Washer
Cooling
Central Air
Heating
Central
Interior features
Bedroom On Main Level, Dual Sinks, Elevator, First Floor Entry, Jetted Tub, Separate Shower, Bar

Exterior & Structure

Property type
Condominium
Year built
2019
Stories
58
Architectural style
High Rise
Construction
CBSConcrete Block Structure, Block
Exterior features
Balcony
Pool
Association, Heated
View
Other

Parking

Garage spaces
0
Covered spaces
0
Parking features
One Space

HOA, Community & Financials

Association fee
$2,163 Monthly
Fee inclusions
Association Management, Amenities, Common Areas, Cable Tv, Insurance, Maintenance Structure, Parking, Pest Control, Recreation Facilities, Security, Trash, Water
Amenities
Basketball Court, Billiard Room, Business Center, Clubhouse, Fitness Center, Barbecue, Picnic Area, Playground, Pool, Sauna, Spa Hot Tub, Storage, Tennis Courts, Elevators
Security
Elevator Secured, Fire Alarm, Secured Garage Parking, Lobby Secured, Smoke Detectors
Pets allowed
Conditional, Yes
Annual tax
$16,669
Subdivision
PARAMOUNT MIAMI WORLDCENT
County
Miami-Dade
Days on market
321
MLS listing ID
A11921404
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

-$3,618

Cap rate
0.7%
Net yield
0.7%
Cash-on-cash return
-17.7%
Gross yield
7.0%
Mortgage payment
$4,148/mo
Down payment
$218,750
Loan amount
$656,250
Annual NOI
$6,362

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