851 NE 1st Ave # 1606, Miami FL 33132
About this home
Highly functional 1BD residence that lives as a 2BD/2BA at Paramount Miami Worldcenter. This thoughtfully designed unit features an Florida bedroom with closet and ensuite bath, offering flexibility and privacy. The open-concept layout showcases modern finishes, in-unit washer and dryer, and automatic blackout shades throughout. Enjoy a private balcony with city and partial bay views. Includes assigned parking plus valet option for a second vehicle. Residents enjoy 6 acres of resort-style amenities, including multiple pools, state-of-the-art fitness center, spa, sports courts, rooftop pool, theater, and more. Owner would consider selling fully furnished (negotiable) with designer furniture from Lazzoni.
Features
- Closet Cabinetry
- Cooking Island
- Custom Mirrors
- Other
- Walk-In Closet(s)
- Open Balcony
- Skyline
Estimated loan & HOA
Loan payment and HOA only. Property tax and insurance are significant here and are not included.
- Principal & interest
- $3,413
- HOA
- $2,050 / mo
Illustration only — not a loan offer, quote, or commitment. Assumes a 30-year loan at 6.5% with 20% down (rates as of July 2026); your actual terms will differ.
Schedule a tour
Request a private or video tour with a local agent.
Location
Approximate — shows the building, not the unit. Open in maps (opens in a new tab)
Run the numbers
We fill in the price and the building's HOA dues. That leaves rent, tax, insurance and maintenance — they depend on your exemptions, your insurer and the unit, so we don't guess them. Vacancy and the loan terms below start at common defaults; change them.
Enter rent, property tax, insurance, maintenance to see the returns. A cap rate calculated without every cost overstates the deal — often by half — so we don't show a partial one.
Illustration only — not a loan offer, quote, or investment advice. The loan fields start at 20% down over 30 years at 6.5% (rates as of July 2026); that is a nominal rate for illustration, not an APR, and your actual terms will differ. Cap rate is unlevered; cash-on-cash counts the down payment as invested capital and excludes closing costs.
Listing data from the MIAMI Association of REALTORS® (MIAMIRE) IDX program. Information deemed reliable but not guaranteed. Demo data shown for layout purposes.