ParkingAssigned, Attached, Covered, Garage, Two or More Spaces
Attached Garage2 spaces
Year Built2019
HeatingCentral, Electric
CoolingCentral Air, Electric
WaterfrontOther
ViewBay, City, Water
MLS #A11568405
StatusActive
About 851 NE 1st Ave Unit 5011
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.
Property Details
Property Features
Property Information:
Architectural Style: High Rise, Penthouse
Year Built: 2019
Stories: 1
Living Area: 4,084 SqFt
Listing Office:
Office Name: Sea Grove Realty
Office Phone: (305) 402-4261
Listing Agent: Derek Varona
Interior Features
Interior Information:
Appliances: Dryer, Dishwasher, Electric Water Heater, Ice Maker, Microwave, Refrigerator, Washer
We're sorry, we currently don't have sales or tax history data for this listing.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$29K
Per Month
Principal & Interest
$24.4K
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$4,482
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$14.7K
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
3
/10
Frederick R. Douglass Elementary School
314 NW 12th St
Distance between this listing and this school0.53 miles
Public District Grades PK-5
7
/10
Downtown Miami Charter School
305 NW 3rd Ave
Distance between this listing and this school0.60 miles
Public Charter Grades KG-6
4
/10
Phyllis Wheatley Elementary School
1801 NW 1st Pl
Distance between this listing and this school0.83 miles
Public District Grades PK-5
Nearby Schools
10
/10
Ada Merritt K-8 Center
660 SW 3rd St
Distance between this listing and this school1.19 miles
Public Magnet Grades PK-8
9
/10
Lincoln-Marti Charter School Little Havana Campus
970 W Flagler St # 984
Distance between this listing and this school1.34 miles
Public Charter Grades KG-8
3
/10
Mater Preparatory Academy
601 NW 12th Ave
Distance between this listing and this school1.43 miles
Public Charter Grades KG-8
Nearby Schools
10
/10
School for Advanced Studies-Wolfson
25 NE 2nd St # 5
Distance between this listing and this school0.46 miles
Public District Grades 11-12
9
/10
New World School of the Arts
25 NE 2nd St
Distance between this listing and this school0.46 miles
Public Magnet Grades 9-12
9
/10
Miami-Dade Online Academy- Virtual Instruction Program
1501 NE 2nd Ave Ste 336
Distance between this listing and this school0.48 miles
The neighbors living near this home have an average income of $144,758. The most common annual income of people living in Miami, FL is between $100k-200k. The majority of families are single, no kids. Residents of this area typically have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 851 NE 1st Ave Unit 5011
What is the listing price of this property?
The listing price of 851 NE 1st Ave Unit 5011 property is $4,899,000.
What type of property is this?
The property 851 NE 1st Ave Unit 5011 is a condo located in Miami, Florida, 33132.
Is this property for sale now?
Active Listing: 851 NE 1st Ave Unit 5011 is For Sale (Active/New) which means the seller is accepting offers.
How many bedrooms and bathrooms does this property have?
The property at 851 NE 1st Ave Unit 5011 has 4 bedrooms and 5 bathrooms.
What is the square footage of this property?
The property 851 NE 1st Ave Unit 5011 is 4,084 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 851 NE 1st Ave Unit 5011 is 2019.
Interested in 851 NE 1st Ave Unit 5011? Let's connect.
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 851 NE 1st Ave Unit 5011 in Miami, FL and zip code 33132 in the Downtown neighborhood. This 4,084 square foot home was built in 2019. Features: 4 bedrooms, 5 bathrooms. It has been listed on Rocket Homes since May 02, 2024 and is currently priced at $4,899,000.
In November 2024 more than 38 listings in Miami, FL were sold above the asking price. During the same period more than 112 listings were sold at asking price, while more than 445 were sold below. In November 2024 in Miami, FL there were 6.7% more homes for sale than in October 2024. While the average time on the market in November 2024 was 60 days, the median list price was $565,671.
From Rocket Homes Real Estate and based on county public records data.