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Condominium
$695,000$592 / sqft
851 NE 1st Ave # 2406, Miami FL 33132
Listed
1
Bedrooms
2
Bathrooms
1,173 sqft
Interior
2019
Year built
$2,035 / mo
HOA
Condominium
Type
About this home
Luxury 1BD + Enclosed Den/2BA residence at Paramount Miami World Center featuring an oversized balcony with breathtaking city views from the 55th floor. Enjoy world-class amenities including multiple pools, sky lounge, party room, bar, theater, recording studio, club room, golf simulator, poker room, billiards, full-service spa, sauna, state-of-the-art fitness center, yoga/ballet studios, children’s playroom, business center with private workspaces and printer, guest suites, basketball court, racquetball court, and more. Located in the heart of Downtown Miami, just steps from shopping, dining, entertainment, museums, Brightline, Kaseya Center, and major highways. Resort-style living at its finest! Utilities include water, sewer, cable/internet, and trash removal. EV charging stations are also available for actively charging vehicles only.
Features
- Built-in Features
- Cooking Island
- Fire Sprinklers
- Den/Library/Office
- Open Balcony
- Skyline
Leasing
- Minimum lease
- 180 days
- Leases permitted per year
- 2
- Ok To Lease
Leasing terms as stated in the MLS listing, not verified by us. The association’s governing documents control what is actually permitted and can change — confirm before you buy.
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.