Skip to content
All listings
Active
Waterfront · Condominium
$1,150,000$741 / sqft

851 NE 1st Ave # 1203, Miami FL 33132

In Paramount Miami Worldcenter
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

Location

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

Estimated loan & HOA

$5,815

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

Principal & interest
$5,815
HOA
None

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
Miami Life Realty LLC

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.