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Condominium
$1,999,900$907 / sqft
851 NE 1st Ave # 3201, Miami FL 33132
Listed
3
Bedrooms
4
Bathrooms
2,204 sqft
Interior
2019
Year built
$3,889 / mo
HOA
Condominium
Type
About this home
ATTENTION INVESTORS! RUN YOUR NUMBERS. ALREADY GENERATING $14,250 per month in gross rent ($171,000 annualized), this furnished investment is leased through September 30, 2027. Over $150,000 in renovations and high-end furnishings in 2026, all included. This 32nd-floor corner unit at Paramount Miami Worldcenter offers 3 bedrooms + den, 4 full baths and 2,204 SF. Features include fully contemporary decor, automated blinds, private elevator access, porcelain floors, Wolf appliances, bay and skyline views, and an oversized balcony. A bedroom with a separate entrance adds flexibility with many purposes. Includes 1 garage parking space and 1 valet parking space. Enjoy resort-style pools, movie room, spa, tennis, mini golf, fitness center and sports courts in the heart of Miami Worldcenter, near shopping, dining and entertainment. Call agent 72 hrs prior appointment.
Features
- Lobby
- First Floor Entry
- Elevator
- Den/Library/Office
- Open Balcony
- Pool Area View
- Skyline
- Water View
Leasing
- Minimum lease
- 90 days
- Leases permitted per year
- 4
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 $2,900–$11,700.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.