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Condominium at 601 NE 1st Avenue # 4712, Miami FL 33132Active
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Waterfront · Condominium
$550,000$1,338 / sqft

601 NE 1st Avenue # 4712, Miami FL 33132

1
Bedrooms
1
Bathrooms
411 sqft
Interior
2024
Year built
$796 / mo
HOA
Condominium
Type

About this home

Perfectly suited for Airbnb investors, this studio unit at Gale Miami Hotel and Residences is a short-term rental dream! Fully furnished and approved for short-term stays, this property offers great income potential through platforms like Airbnb or VRBO. With the option to join the hotel's rental program, you can benefit from professional management while maximizing returns. The unit features modern finishes, breathtaking views of Miami's skyline, and access to five-star amenities, including a pool, spa, gym, and private beach club. Positioned in the heart of Downtown Miami, this is the ultimate investment opportunity! Brand new construction building ! across from the Miami Heat Arena !

Features

  • Bar
  • Built-in Features
  • Closet Cabinetry

Location

Approximate — shows the building, not the unit. Open in maps (opens in a new tab)

Estimated loan & HOA

$3,577

Loan payment and HOA only. Property tax and insurance are significant here and are not included.

Principal & interest
$2,781
HOA
$796 / 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.

Courtesy of
The Rausch Real Estate Top Gun Team Inc

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.

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 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.