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Active
Condominium
$389,000$588 / sqft

851 NE 1st Ave # 205, Miami FL 33132

In Paramount Miami Worldcenter
0
Bedrooms
1
Bathrooms
662 sqft
Interior
2019
Year built
$982 / mo
HOA
Condominium
Type

About this home

Best-priced studio in Downtown Miami! Excellent opportunity to own at the prestigious Paramount Miami Worldcenter, one of Miami’s most desirable luxury buildings. This modern residence features high ceilings, floor-to-ceiling windows with stunning skyline views, sleek cabinetry, stainless steel appliances, and a new A/C installed in 2025. Enjoy world-class amenities including resort-style pools, a state-of-the-art fitness center, spa, sky deck, movie theater, and more. Prime location within walking distance to dining, shopping, entertainment, Kaseya Center, Brightline, and minutes from major highways and Miami International Airport. Perfect for an owner-user or investor. Priced to sell — don’t miss this opportunity!

Features

  • Volume Ceilings
  • Open Balcony
  • None

Location

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

Estimated loan & HOA

$2,949

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

Principal & interest
$1,967
HOA
$982 / 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
Novalux 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.