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Waterfront · Condominium
$1,700,000$777 / sqft
851 NE 1st Ave # 3211, Miami FL 33132
Listed
4
Bedrooms
4
Bathrooms
2,188 sqft
Interior
2019
Year built
$3,861 / mo
HOA
Condominium
Type
About this home
High floor corner unit in the more desired line in the building. 4 Bedrooms, 4 full bathrooms, (in the unit den, converted into a bedroom), with private foyer and elevator. Direct view of the Biscayne Bay. 10 ft high ceilings, upgraded marble floors, floor to ceiling impact windows, large terrace space, spa like master bath with dual vanities, separate shower, walking closet and much more to describe. Bosch appliances and sub-zero floor to ceiling fridge. Access to resort like amenities including two roof top pools, plus three resort style pools with towel service. Gym, tennis, racquetball, basketball, boxing, child play area, sauna/hot tub, clubhouse, yoga room, business center, party rooms, virtual golf, theatre room, 24/7 valet, security and front desk. World class restaurants and shopping in the new developed Miami World Center.
Features
- Built-in Features
- Closet Cabinetry
- Cooking Island
- Elevator
- Entrance Foyer
- Walk-In Closet(s)
- Den/Library/Office
- Utility Room/Laundry
- Barbeque
- Open Balcony
- Tennis Court(s)
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 4-bed rentals across Miami-Dade, from 117 active listings; the middle half ask $15,900–$37,000.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.