Home » Miami » Paramount Miami Worldcenter at 851 NE 1st ave Miami » 851 NE 1st Ave 5011, Miami, FL 33132 | A11568405

851 NE 1st Ave 5011, Miami, FL 33132 | For Sale

$4,899,000

Property Highlights

Listing ID A11568405 Status of this Listing: Active For Sale Property Type Residential Condominium 4 Bedrooms 5 Bathrooms Total 5 Full Bath Living Space 4,084 Sqft/379.42 m2 approx. Building Area 4,614 Sqft/428.65 m2 approx. COMMUNITY POOL Year Built 2019 Seller considers Owner Financing Lease Term Minimum Duration: 120 What it means?Refers to a regulation set by the property association, stipulating that each rental agreement for the property must be for a duration of at least 120 days. This rule ensures that every time the property is rented out, the lease term cannot be shorter than the specified minimum period. Time of this property on Rebonus 122 Day(s)
37 Photos of this Property

851 NE 1st Ave 5011, Miami, FL 33132

Property Description: Spectacular 4 bedroom, 5 bathroom penthouse unit with bonus den in Miami’s iconic Paramount Miami Worldcenter. This new-construction unit on the 50th floor offers incredible views from every room across its over 4K SqFt. Residents enter the unit via its private elevator and step into the great room, featuring floor to ceiling windows, a European-style kitchen, and a 530 SqFt balcony, perfect for entertaining. This penthouse unit offers a split floorplan with a large master-suite, 3 large guest bedrooms with in-suite bathrooms and walk-in closets, and a separate den with a full bathroom and large closet. Paramount Miami Worldcenter offers resort-style amenities and is located in the heart of Downtown Miami, steps from the city’s most popular attractions and the shores of Biscayne Bay.

Useful Info

Original List Price:$4,899,000
If Bank REO, Short Sale, As Is, etc.:
  • Listed As-is

Land Lot (Parcel) Details

Lot Size Unit:Square Feet

Construction

Year Built Details:
  • Resale
Architectural Style:
  • High Rise
  • Penthouse
Property Condition:
  • Updated/remodeled
Levels:One
Entry Level (floor):50
Entry Level Location:50
Construction Materials:
  • Block
Flooring:
  • Tile
Number of stories:55
Number of Units in the Community or Building:567
Stories:1

Property Features

Has View:Yes
View from the Property:
  • Water
  • City
  • Bay
Waterfront:No
Waterfront Features:
  • Other
Swimming Pool Features:
  • Heated
  • Association
Security:
  • Door Man
  • Elevator Secured
  • Secured Garage/parking
Furnished:
  • Unfurnished
Appliances:
  • Dryer
  • Dishwasher
  • Microwave
  • Refrigerator
  • Washer
  • Electric Water Heater
  • Ice Maker
Interior Features:
  • Living/dining Room
  • Split Bedrooms
  • Walk-in Closet(s)
  • Kitchen Island
  • Kitchen/dining Combo
  • Vaulted Ceiling(s)
  • Family/dining Room
  • Entrance Foyer
  • Elevator
  • Separate Shower
  • Dual Sinks
Exterior Features:
  • Security/high Impact Doors
  • Balcony
  • Other
Patio and Porch Features:
  • Balcony
  • Open
Window Features:
  • Blinds
  • Impact Glass
Air Conditioning:Yes
Air Conditioning System:
  • Central Air
  • Electric
Heating:Yes
Heating System:
  • Central
  • Electric
Property Entrance Faces:
  • East

Taxes and Expenses

Tax Annual Amount:$56,564

Property Tax Notice for Buyers: Do not rely on the current property taxes paid by the seller, as your tax liabilities may increase following the sale. Transferring ownership or making improvements to the property often triggers tax reassessments, which could raise the amount you owe. If you have questions regarding property valuation, please contact the County Property Appraiser’s Office.

Tax Year:2023
Association Fee:$4,482
Association Fee Frequency:
  • Monthly
Association Fee 3rd HOA Frequency:
  • Monthly
Property Tax Status:Tax Reflects No Exemptions

Terms

Listing Terms Considered by Seller:
  • Cash
  • Owner May Carry (Owner Financing, The Seller may be interested in carrying the mortgage note)
  • Other
Occupant Type:
  • Vacant
Buyer Possession:
  • Closing & Funding
Lease Considered:No

Community

Pets Allowed?:
  • Yes
  • Conditional
Amenities Provided by the Homeowner's Association (HOA):
  • Business Center
  • Pool
  • Spa/hot Tub
  • Cabana
  • Clubhouse
  • Other
  • Playground
  • Barbecue
  • Elevator(s)
  • Fitness Center
  • Picnic Area
  • Tennis Court(s)
  • Trail(s)
  • Community Kitchen
Subdivision Name:PARAMOUNT MIAMI WORLDCENT
Association Fee Includes:
  • Maintenance Grounds
  • Roof
  • Sewer
  • Water
  • Trash
  • Pool(s)
  • Security
  • Maintenance Structure
  • Common Areas
  • Other
  • Association Management
  • Insurance
  • Hot Water
  • Recreation Facilities
  • Amenities
Complex Name:PARAMOUNT MIAMI WORLDCENT
Senior Community:No
Development Name:PARAMOUNT
Restrictions: Other Restrictions

Parking

Garage:Yes
Garage Spaces:2
Covered Spaces:2
Attached Garage:Yes
Parking Features:
  • Garage
  • Two Or More Spaces
  • Attached
  • Covered
  • Assigned

Public Schools Assigned

Note: provided by seller, please contact the school district to confirm the school assignment for this property address.

Elementary School:Stenstrom Elementary
High School:Washington; Brooker T
Middle Or Junior School:De Diego; Jose

Utilities

Utilities Available:
  • Cable Available

More Details

Other Information:
Unit View: Bay,Skyline View,Water View
Housing Older Persons Act: Unverified
Unit Design: High Rise,Penthouse,Substantially Remodeled
Type of Association: Condo
Minimum Number of Days for Lease: 120
Type of Governing Bodies: Condominium
Pet Fee: 300
Tax Information: Tax Reflects No Exemptions
Number of times allowed to lease per year: 2
Flood Zone : X
Homeowner's Association Application Fee: 150
Rooms Description: Den/Library/Office,Other,Utility Room/Laundry
Style: Condo 5+ Stories
FEMA Flood Zone Designations: X
Municipal Code: 1
Subdivision Number: 39
Building Number: 851
Water Access Description:None

Zoning and Legal

Tax Legal Description:PARAMOUNT MIAMI WORLDCENTER CONDO UNIT 5011 UNDIV 0.39754603992% INT IN COMMON ELEMENTS OFF REC 31567-0071
Real Estate Folio Number (Parcel Number):01-31-37-039-5190
Public Survey Township:1
Public Survey Range:31
Public Survey Section:31

Listing History

Update/EventDate/Days
Published Date:May 1, 2024 3:44 pm
On Market Date:May 1, 2024
Price Change Date Time:April 12, 2024 12:34 pm
Last Important Update Description:New Listing
Date and Time of Last Important Update:May 1, 2024 3:44 pm
Status Last Changed:May 1, 2024 3:44 pm
Photos Last Modified:May 1, 2024 8:03 pm
Last Modified:May 20, 2024 7:01 pm
Days on the Market Reference Date:May 20, 2024
Days on the Market (updated on Last Modified*):19
Cumulative Days on the Market (updated on Last Modified**):787

Additional Information

Unit Location:High Rise,Penthouse,Substantially Remodeled
Number of Photos Count:37
Area:31
Ref ID:1073205722
Automated Valuation Display:Yes
Courtesy of:Sea Grove Realty
Universal Property Id:US-12025-N-0131370395190-R-N

Location

Show Property Address:Yes
Street Name:1st Ave
Street Number:851
Street Direction Prefix:NE
Street Address:851 NE 1st Ave 5011
Unit Number:5011
City : Miami
State : Florida
Zip Code : 33132
County : Miami-Dade County
Full Address:851 NE 1st Ave 5011, Miami, FL 33132
Latitude:N25° 46' 58.2''
Longitude:W81° 48' 29.1''

Neighborhood

Postal City:Miami
City Region:Imagination Farms

Property Map

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