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Condominium at 1600 NE 1st Ave # 1605, Miami FL 33132Active
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Waterfront · Condominium
$479,000$552 / sqft

1600 NE 1st Ave # 1605, Miami FL 33132

1
Bedrooms
2
Bathrooms
867 sqft
Interior
2018
Year built
$895 / mo
HOA
Condominium
Type

About this home

Experience elevated living at Canvas in the heart of Miami’s vibrant Arts & Entertainment District. This stunning 1-bedroom + den residence features an open-concept layout, floor-to-ceiling windows, and breathtaking city and bay views from your private balcony. The sleek gourmet kitchen is appointed with premium stainless steel appliances, modern cabinetry, and high-end finishes. The versatile den offers the perfect space for a home office or guest area and can easily function as a second bedroom. Enjoy resort-style living with over 30,000 sq. ft. of world-class amenities, including sunrise and sunset pools, rooftop sky plunge pool, spa/sauna, yoga garden, racquetball court, theater, business center, and a cutting-edge 3,000 sq. ft. fitness center. WiFi and cable included. Pet friendly and investor friendly with the ability to rent up to 12 times per year. Ideally located near Wynwood, Downtown Miami, the Design District, Kaseya Center, Metromover, shopping, dining, and entertainment. Live where luxury meets convenience—schedule your private showing today!

Features

  • Built-in Features
  • Walk-In Closet(s)
  • Open Balcony
  • Bay

Location

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

Estimated loan & HOA

$3,317

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

Principal & interest
$2,422
HOA
$895 / 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 Keyes Company

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.