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Condominium
$1,495,000$691 / sqft
851 NE 1st Ave # 2212, Miami FL 33132
Listed
3
Bedrooms
4
Bathrooms
2,165 sqft
Interior
2019
Year built
$1,267 / mo
HOA
Condominium
Type
About this home
3/4 + fully enclosed den residence in PARAMOUNT MIAMI WORLDCENTER. Enjoy sunrise views from one side and sunset views from the other. Private elevator access opens directly into the unit. Layout includes an in-law suite with a wet bar and the option for a separate entrance. The home features new luxury vinyl flooring and high-end finishes, including Bosch and Sub-Zero appliances and Italkraft custom closets and fixtures. The unit has 3 terraces totaling approx. 400 sq ft, including additional private terrace off one bedroom. The den has been converted into a fourth bedroom, complete with a custom built-in desk and wine bar. Building has resort-style amenities, including multiple pools, spa, fitness center, squash, golf simulator, movie theater, tennis courts, valet, and guest areas.
Features
- Built-in Features
- Closet Cabinetry
- Cooking Island
- Custom Mirrors
- Dome Kitchen
- Elevator
- Entrance Foyer
- Open Balcony
- Tennis Court(s)
- Bay
- Ocean View
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 3-bed rentals across Miami-Dade, from 200 active listings; the middle half ask $3,200–$12,000.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.