8 months on rocket

851 NE 1st Ave Unit 5011, Miami, FL, 33132

$4,899,000

4 Bedrooms
5 Full Baths
4,084 SqFt
$1,200/SqFt
Condo

Location

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Property Highlights

Home TypeCondominium
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
  • Flooring Type: Tile
  • Interior: Dual Sinks, Entrance Foyer, Elevator, Family/Dining Room, Kitchen Island, Kitchen/Dining Combo, Living/Dining Room, Split Bedrooms, Separate Shower, Vaulted Ceiling(s), Walk-In Closet(s)

Bedroom and Bathroom Information:

  • Full Bathrooms: 5
  • Total Bedroom Count: 4

Exterior Features

Exterior Information:

  • Waterfront: Other
  • View: Bay, City, Water
  • Exterior: Balcony, Security/High Impact Doors, Other

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: Yes
  • Parking: Assigned, Attached, Covered, Garage, Two or More Spaces

Virtual/3D Tour

  • Virtual Tour: 851 NE 1st Ave Unit 5011
Virtual Tour

Utilities

Utilities Information:

  • Heating: Central, Electric
  • Cooling: Central Air, Electric

Price Information

Listing Price Info

Price Summary:

  • List Price: $4,899,000
  • Price Per SqFt: $1,200/SqFt

HOA Fees:

  • Amount: $4482
  • Frequency: Monthly
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Housing Market Comparison

See how this home compares to others in Miami, FL.

Med. Sold Price

$565.6K

Med. Price/SqFt

$391

Avg. Days On Market

60

# of Sold Homes

595

851 NE 1st Ave Unit 5011 vs Miami

240 DAYS ON ROCKET

+180 Days

$4,899,000

+$4.3M More

$1,200/SqFt

+$808 More

KEY TAKEAWAY

This property is $4.3M more than the Median Sold Price and $808/SqFt more than other homes in Miami, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: SEFMIAMI
  • MLS Number: #A11568405

Listing Office:

  • Office Name: Sea Grove Realty
  • Office Phone: (305) 402-4261
  • Listing Agent: Derek Varona

IDX © 2024 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This property is offered without respect to any protected classes in accordance with the law.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/28/2024, 8:20:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$29K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$14.7K

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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.

Nearby Schools

school-card-donut-1954863
3
/10
  • Frederick R. Douglass Elementary School

  • 314 NW 12th St

  • 0.53 miles

  • Public District Grades PK-5

school-card-donut-1954864
7
/10
  • Downtown Miami Charter School

  • 305 NW 3rd Ave

  • 0.60 miles

  • Public Charter Grades KG-6

school-card-donut-1954865
4
/10
  • Phyllis Wheatley Elementary School

  • 1801 NW 1st Pl

  • 0.83 miles

  • Public District Grades PK-5

Neighborhood

What Are The Neighbors Like?

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.
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Rocket HomesFloridaMiami-Dade CountyMiami33132851 NE 1st Ave Unit 5011

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.

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