Home » Miami » Paramount Miami Worldcenter at 851 NE 1st ave Miami » 851 NE 1st Ave 5211, Miami, FL 33132 | A11578611

851 NE 1st Ave 5211, Miami, FL 33132 | For Sale

$4,700,000
Price has decreased by $200,000

Property Highlights

Listing ID A11578611 Status of this Listing: Active For Sale Property Type Residential Condominium 4 Bedrooms 5 Bathrooms Total 5 Full Bath Living Space 3,852 Sqft/357.86 m2 approx. Building Area 3,852 Sqft/357.86 m2 approx. POOL Year Built 2019 Has view of the Ocean Lease Term Minimum Duration: 90 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 90 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 138 Day(s)
26 Photos of this Property

851 NE 1st Ave 5211, Miami, FL 33132

Property Description: The best penthouse in this line, incredible water views from every single room, 4 rooms, 5 bathrooms, family room, laundry room, lots of storage, fully equipped kitchen and gorgeous open living room. The building itself is perfectly located in the middle of downtown, with easy access to the highways and walking distance from the area, museum park, bayside and brightline station. The lifestyle coordinator of the building is amazing, there is always activities for everyone to enjoy. With the most amenities in downtown the building has tennis courts, soccer field, 5 pools, observatory in at 55th and 58th floors, gym, game room, mini market, coffee shop, bbq and more. Currently rented at $27,000 per month, the lease can be continued or ended as necessary.

Useful Info

Previous Asking Price:$4,900,000
Original List Price:$4,900,000

Land Lot (Parcel) Details

Lot Size Unit:Square Feet

Construction

Year Built Details:
  • Resale
Architectural Style:
  • Penthouse
Entry Level (floor):52
Entry Level Location:52
Flooring:
  • Ceramic Tile
Number of stories:58

Property Features

Has View:Yes
View from the Property:
  • Ocean
  • Water
  • City
  • Bay
Waterfront:No
Swimming Pool Features:
  • Heated
Security:
  • Smoke Detector(s)
  • Key Card Entry
  • Elevator Secured
  • Lobby Secured
  • Secured Garage/parking
Furnished:
  • Furnished
Accessibility Features:
  • Accessible Elevator Installed
Appliances:
  • Dryer
  • Dishwasher
  • Refrigerator
  • Washer
  • Freezer
  • Built-in Oven
  • Electric Range
  • Ice Maker
  • Self Cleaning Oven
Interior Features:
  • Eat-in Kitchen
  • Living/dining Room
  • First Floor Entry
  • Bedroom On Main Level
  • Elevator
  • Separate Shower
  • Dual Sinks
Exterior Features:
  • Security/high Impact Doors
  • Balcony
  • Tennis Court(s)
Patio and Porch Features:
  • Balcony
  • Open
Air Conditioning:Yes
Air Conditioning System:
  • Central Air
Heating:Yes
Heating System:
  • Central

Taxes and Expenses

Tax Annual Amount:$58,143

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:$5,564
Association Fee Frequency:
  • Monthly
Property Tax Status:Tax Reflects No Exemptions

Terms

Disclosures:
  • Owner Is Listing Agent
Listing Terms Considered by Seller:
  • Cash
  • Conventional
  • 1031 Exchange
Occupant Type:
  • Tenant
Buyer Possession:
  • Negotiable
  • Close Of Escrow
Lease Considered:No

Community

Pets Allowed?:
  • Yes
  • Conditional
Amenities Provided by the Homeowner's Association (HOA):
  • Business Center
  • Pool
  • Sauna
  • Spa/hot Tub
  • Billiard Room
  • Bike Storage
  • Vehicle Wash Area
  • Clubhouse
  • Playground
  • Barbecue
  • Fitness Center
  • Picnic Area
  • Tennis Court(s)
  • Basketball Court
Subdivision Name:PARAMOUNT MIAMI WORLDCENT
Association Fee Includes:
  • Sewer
  • Water
  • Trash
  • Pool(s)
  • Security
  • Parking
  • Hot Water
  • Amenities
Complex Name:Paramount Miami Worldcent
Senior Community:No
Development Status:
  • New Construction
Restrictions: OK To Lease

Parking

Garage:Yes
Garage Spaces:3
Covered Spaces:3
Parking Features:
  • Two Or More Spaces
  • Valet

More Details

Other Information:
Unit View: Bay,Ocean View,Direct Ocean,Skyline View,Water View
Housing Older Persons Act: No HOPA
Unit Design: Penthouse
Type of Association: Homeowners
Minimum Number of Days for Lease: 90
Type of Governing Bodies: Homeowner Association
Pet Fee: 200
Tax Information: Tax Reflects No Exemptions
Number of times allowed to lease per year: 4
Flood Zone : X
Homeowner's Association Application Fee: 200
Rooms Description: Den/Library/Office
Style: Condo 5+ Stories
FEMA Flood Zone Designations: X
Municipal Code: 1
Subdivision Number: 39

Zoning and Legal

Tax Legal Description:PARAMOUNT MIAMI WORLDCENTER CONDO UNIT 5211 UNDIV 0.39754603992% INT IN COMMON ELEMENTS OFF REC 31567-0071
Real Estate Folio Number (Parcel Number):01-31-37-039-5210
Public Survey Township:1
Public Survey Range:31
Public Survey Section:37

Listing History

Update/EventDate/Days
Published Date:April 30, 2024 3:29 pm
On Market Date:April 30, 2024
Price Change Date Time:June 10, 2024 1:09 pm
Last Important Update Description:Price Change
Date and Time of Last Important Update:June 10, 2024 1:09 pm
Status Last Changed:April 30, 2024 3:29 pm
Photos Last Modified:August 6, 2024 1:59 am
Last Modified:August 6, 2024 1:46 am
Days on the Market Reference Date:August 6, 2024
Days on the Market (updated on Last Modified*):97
Cumulative Days on the Market (updated on Last Modified**):97

Additional Information

Unit Location:Penthouse
Number of Photos Count:26
Area:31
Ref ID:1073158892
Courtesy of:Julies Realty, LLC
Universal Property Id:US-12025-N-0131370395210-R-N

Location

Show Property Address:Yes
Street Name:1st Ave
Street Number:851
Street Direction Prefix:NE
Street Address:851 NE 1st Ave 5211
Unit Number:5211
City : Miami
State : Florida
Zip Code : 33132
County : Miami-Dade County
Full Address:851 NE 1st Ave 5211, Miami, FL 33132
Latitude:N25° 46' 58.2''
Longitude:W81° 48' 29.1''

Neighborhood

Postal City:Miami

Property Map

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