1600 NE 1st Ave 1605, Miami, FL 33132 — MLS photo

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1600 NE 1st Ave 1605, Miami, FL 33132

Active · Condominium

$478,000

1600 NE 1st Ave 1605, Miami, FL 33132

Beds
1
Baths
2
Living area
867 sq ft
$ / sq ft
$551/sq ft
Year built
2018
Lot size
—
HOA fee
$895
Annual tax
—

About this property

Experience elevated living at Canvas in the heart of Miami’s vibrant Arts & Entertainment District. This stunning 1-bedroom + den residence features an open-concept layout, floor-to-ceiling windows, and breathtaking city and bay views from your private balcony. The sleek gourmet kitchen is appointed with premium stainless steel appliances, modern cabinetry, and high-end finishes. The versatile den offers the perfect space for a home office or guest area and can easily function as a second bedroom. Enjoy resort-style living with over 30,000 sq. ft. of world-class amenities, including sunrise and sunset pools, rooftop sky plunge pool, spa/sauna, yoga garden, racquetball court, theater, business center, and a cutting-edge 3,000 sq. ft. fitness center. WiFi and cable included. Pet friendly and investor friendly with the ability to rent up to 12 times per year. Ideally located near Wynwood, Downtown Miami, the Design District, Kaseya Center, Metromover, shopping, dining, and entertainment. Live where luxury meets convenience—schedule your private showing today!

Property location

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1600 NE 1st Ave 1605, Miami, FL 33132

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Facts & features

Interior

Bedrooms
1
Bathrooms
2
Living area
867 sq ft

Exterior & Structure

Property type
Condominium
Year built
2018

Parking

Not provided in the MLS listing.

HOA, Community & Financials

Association fee
$895
County
Miami-Dade
MLS listing ID
A12021959
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

-$1,609

Cap rate
1.6%
Net yield
1.6%
Cash-on-cash return
-14.4%
Gross yield
7.2%
Mortgage payment
$2,266/mo
Down payment
$119,500
Loan amount
$358,500
Annual NOI
$7,882

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