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Waterfront · Condominium
$765,000$652 / sqft
851 NE 1st Ave # 1506, Miami FL 33132
Listed
1
Bedrooms
2
Bathrooms
1,173 sqft
Interior
2019
Year built
$1,811 / mo
HOA
Condominium
Type
About this home
Live where Miami's next generation is buying: this rare 1 Bed + Den at Paramount Miami Worldcenter is one of the most functional floor plans in the building. A fully enclosed den with its own closet and ensuite bath, ideal as a true second bedroom, home office, or guest suite. Open concept living, modern finishes, in unit laundry, and a private balcony with city and partial bay views. Comes with assigned parking plus valet for a second vehicle, rare in Downtown Miami. This is lock and leave luxury built for a global lifestyle: state of the art fitness and boxing studios, spa, sauna, multiple pools, basketball court, yoga studio, and kids' playroom, you never have to leave the building. Step outside and you're in the heart of Miami Worldcenter, now home to Apple, Sephora, Lululemon, Ray-Ban, and a growing retail and dining district, plus Brightline, Kaseya Center, museums, and nightlife all walkable. Investor friendly, rent ready, and flexible for owner occupants or international buyers seeking a turnkey Miami pied-à-terre. Not the lowest price in the building, surely the smartest layout in it. Easy to show
Features
- Closet Cabinetry
- Cooking Island
- Custom Mirrors
- Dome Kitchen
- Elevator
- Den/Library/Office
- Tennis Court(s)
- Skyline
Leasing
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.