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Waterfront · Condominium
$1,150,000$741 / sqft
851 NE 1st Ave # 1203, Miami FL 33132
Listed
2
Bedrooms
3
Bathrooms
1,552 sqft
Interior
2019
Year built
None
HOA
Condominium
Type
About this home
Spectacular Model unit from developer with luxury upgrades on closets and floors Unit has a tenant paying $8,500 monthly that wants to stay, or you can also buy it and use it. Building allows 3 rentals a year. Video of the umit available upon request Welcome to the luxurious PARAMOUNT Miami Worldcenter, the building with the most amenities in the world. This unit was designed by Artefacto and features a spacious floor plan with 10 ft ceilings, white porcelain tile, Bosch appliances, full washer/dryer, spacious bathroom with separate shower and tub and more. Have access to 46 different amenities such as 5 pools, spa, outdoor lounge, summer kitchen, game room, state of the art fitness center, boxing studio, basketball court, racquetball, yoga, observatory, jam room and recording studio and much more. Located within Miami Worldcenter, the second largest master planned community in the U.S. Just steps from the Metro Mover, Virgin Train Station, Port of Miami, AA Arena and minutes to MIA Airport, Brickell, Wynwood, Miami Beach.
Features
- Walk-In Closet(s)
- Open Balcony
- Bay
Leasing
- Minimum lease
- Not stated
- 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.
Location
Approximate — shows the building, not the unit.
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 2-bed rentals across Miami-Dade, from 200 active listings; the middle half ask $2,350–$5,000.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.