601 NE 1st Ave # 1606, Miami FL 33132, MIAMI, FL, 33132
Active359 days on marketListed Aug 22, 2025MLS #A11876298
About this home
601 NE 1st Ave # 1606, Miami FL 33132
Luxury Meets Investment in Downtown Miami Step into the heart of Downtown Miami with this fully furnished 1-bedroom apartment, designed with the elegance of a luxury hotel and the convenience of a turnkey property. No rental restrictions – full flexibility for short-term or long-term rentals Professionally managed with proven high occupancy & returns Prime location in one of Miami’s fastest-growing neighborhoods Whether you’re seeking a high-performing income property or a chic urban retreat, this residence checks every box. Enjoy immediate rental revenue today and long-term appreciation tomorrow—all while owning a piece of Miami’s vibrant lifestyle scene. Invest smart. Live stylish. Own Miami.
Facts & features
The home at a glance
1
Bedrooms
1
Bathrooms
347
Sqft
2024
Year built
$1,873
Per sqft
Inside
Outside & construction
Community & fees
Utilities & systems
The numbers
What it really costs
Built from this home's actual numbers — the most recent property-tax bill on record and the real association fee — not generic estimates.
$4,900 /mo · 10% down Conventional, 30-yr fixed at 6%
The assumptions
Above the FHA loan limit for our service areas, so Conventional is the default. VA buyers: switch below — $0 down.
These numbers assume a generic buyer — your credit, down payment and loan program change them. Get the real quote in minutes:
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Run your own numbers
FHA isn’t available at this price — the loan would exceed the $541,287 FHA limit for our service areas.
Estimated payment
$4,900/mo
Includes estimated PMI — it drops off once you reach 20% equity. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Value check
Is the price right?
The internet’s favorite home-value number comes from a single automated model that has never seen the street, the finishes, or the view — which is why it routinely misses by tens of thousands of dollars. The edgeAI estimate combines multiple independent data sources with our team’s on-the-ground expertise in this exact market.
$/sqft vs Miami actives
$1,873 vs $508
Days on market
359 vs 66 typical
Where $1,873/sqft sits among the 400 Miami actives
The edgeAI estimate is a starting point, not an appraisal or a broker price opinion. It is generated from public records, listing data and market modeling, and is subject to change once a licensed real estate professional personally inspects the property. Condition, floor, view and lot are not fully captured by any model — ask us for a full comparative market analysis.
Where it sits
Inside Downtown
Get to know Miami. See the full Miami guide →
Downtown — neighborhood snapshot
Population
24,316
Median age
38
Median income
$108,427
Median home value
$557,583
Avg household
2
Households w/ children
1,166
For the school run
Dade County School District
School assignments and ratings via edgeAI — always verify with the district.
The numbers that matter
The Miami market
$508K → $590K
Miami median sold, yr/yr
97.6%
Sale-to-list ratio (12 mo)
36 of 400
Miami actives have cut their price
Median sold price, Miami, trailing 36 months (3-month rolling) · live MLS data.
This home is listed 59% above the MIAMI 33132 median. See the full Miami market guide →
Paper trail
This home's history
Reality check
What actually sold near 601 NE 1st Ave # 1606
Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.
Sold · Mar ’26$370,000
1300 Brickell Bay Dr # 2400, Miami FL 33131
0 bd · 1 ba · 420 sqft · $881/sqft · 83 DOM
Sold · Oct ’25$380,000
60 SW 13th St # 2001, Miami FL 33130
1 bd · 1 ba · 585 sqft · $650/sqft · 72 DOM
Sold · Dec ’25$407,000
60 SW 13th St # 1805, Miami FL 33130
1 bd · 1.5 ba · 595 sqft · $684/sqft · 115 DOM
Closed-sale data from the MLS, last 12 months, selected for similarity in size and location. No two homes are identical — ask us for a full comparative analysis.
Your home team
The pros in your corner
Buying a home is two conversations — the home and the money. Here’s who handles each, side by side, already working together.
Your agent
Donna Layton
Real Estate Agent · CENTURY 21 Edge
Tours, negotiation, and every question about 601 NE 1st Ave # 1606 — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 601 NE 1st Ave # 1606 — before you fall in love.
See it in person
Schedule a tour
Live availability from Donna's calendar — pick a time and it's booked. Confirmation lands in your inbox immediately.
Straight answers
601 NE 1st Ave # 1606 FAQs
What would the monthly payment be for 601 NE 1st Ave # 1606, Miami FL 33132?+
With 10% down on a 30-year Conventional loan at 6%, the all-in payment lands around $4,900/mo — principal and interest, the actual property-tax bill, the $950/mo association fee and typical Florida insurance. The payment calculator on this page lets you switch loan type (FHA, Conventional, VA) and adjust the down payment, rate and term.
How much are the HOA fees at 601 NE 1st Ave # 1606, Miami FL 33132?+
The association fee works out to $950 per month. Ask us for the full association documents — they spell out exactly what the fee covers.
What are the property taxes on 601 NE 1st Ave # 1606, Miami FL 33132?+
The most recent tax bill on record (2024) was $465. A new owner's bill can differ once the sale price resets the assessed value — we can walk you through what to expect.
Are pets allowed at 601 NE 1st Ave # 1606, Miami FL 33132?+
The listing reports pets: Restrictions Or Possible Restrictions. Communities often layer on breed or weight rules — we'll verify the specifics with the association before you commit.
How does the price compare to other homes in Miami?+
At $650,000, this home is listed about 7% above the Miami median of $610,000. The market section on this page shows how the area is trending.
Which schools are assigned to 601 NE 1st Ave # 1606, Miami FL 33132?+
Frederick R. Douglass Elementary (elementary), District Instructional Center (Dic) (), Booker T. Washington Senior High (high), Jose De Diego Middle School (middle), Instructional Center System Wide (), Title I Migrant Education Program () — Dade County School District. Always verify school assignments with the district before relying on them.
The brief
Four things that matter here
01Positioned at the premium end
$650,000 runs 59% above the MIAMI 33132 median.
02Your own pool
A private pool — the feature Florida buyers ask for first, already in the ground and included in the price.
03Know the monthly fee
The association fee is $950/mo. That usually buys real services — verify what's covered before comparing this home against fee-free alternatives.
04Time on market is leverage
359 days on market against a Miami median of 66 — sellers in this position are usually ready to negotiate.
Keep looking
Similar homes nearby
Listing courtesy of BP Global Realty, LLC. MLS #A11876298.
IDX information 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. Data is deemed reliable but is not guaranteed accurate by Miami Association of REALTORS®.
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