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Condominium
$869,000$693 / sqft
851 NE 1ST Avenue # 2005, Miami FL 33132
Listed
1
Bedrooms
2
Bathrooms
1,254 sqft
Interior
2019
Year built
$2,211 / mo
HOA
Condominium
Type
About this home
Modern design decorated with Italian furnishings. Best line in the building with ocean views. One bedroom plus den or second bedroom with a large balcony. 10ft ceilings. Features white porcelain floors and open European kitchen with wolf appliances, sub zero refrigerator, washer and dryer. Paramount amenities include concierge, tennis, basketball, soccer field, boxing ring, gym, game tables, movie theater, golf, kids room, spa, 3 resort style pools and 58th floor pool with 360 views.
Features
- Built-in Features
- Closet Cabinetry
- Cooking Island
- Elevator
- Walk-In Closet(s)
- Balcony
- Ocean
- Pool
- Water
- Direct Ocean
- Ocean View
Location
Approximate — shows the building, not the unit.
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–$3,750.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.