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Condominium
$596,000$642 / sqft
851 NE 1ST Avenue # 1002, Miami FL 33132
Listed
1
Bedrooms
929 sqft
Interior
2019
Year built
$837 / mo
HOA
Condominium
Type
About this home
Experience Downtown Miami living at Paramount Miami Worldcenter. A private elevator opens to the foyer of this one bedroom residence with a versatile den and 929 square feet of living space. Floor to ceiling impact windows bring in natural light and frame open city views, while the balcony extends the living space outdoors. The kitchen features a quartz island, Bosch appliances, and a built in refrigerator. One covered parking space is included. Enjoy multiple pools, cabanas, a fitness center, spa, theater, game room, and more, with Miami's dining, shopping, and entertainment nearby. Schedule your private showing.
Features
- Cooking Island
- Fire Sprinklers
- Other
- Walk-In Closet(s)
- Den/Library/Office
- Open Balcony
- Other Water View
Location
Approximate — shows the building, not the unit. Open in maps (opens in a new tab)
Estimated loan & HOA
Run the numbers
We fill in the price and the building's HOA dues. That leaves tax, insurance and maintenance — they depend on your exemptions, your insurer and the unit, so we don't guess them. Rent starts from what comparable units are asking nearby. Vacancy and the loan terms below start at common defaults; change them.
Median asking rent for 1-bed rentals across Miami-Dade, from 200 active listings; the middle half ask $2,000–$3,500.That is what landlords ask, not what units let for — edit it if you know better.
Our default, not a market figure
From the listing
Depends on assessed value & exemptions
Varies widely by building
Repairs, turnover, management
Cap rate
Cash-on-cash
Monthly cash flow
Net operating income
Enter 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. We are not a lender and neither offer nor arrange financing. 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.