CENTURY 21 Edge
$1,189,000$1,585,0003 bd3 ba1,230 sqft$967 /sqft$9,403 /mo all-in ↓

159 NE 6th St # 2816, Miami FL 33132, MIAMI, FL, 33132

Active286 days on marketListed Oct 31, 2025MLS #A11905314

Reduced $396KWaterfrontFully furnishedCondominiumN/A

About this home

159 NE 6th St # 2816, Miami FL 33132

Turnkey investment opportunity at the Gale Residences Downtown Miami. This fully furnished corner 3-bedroom, 3-bathroom residence showcases panoramic city and bay views, sleek modern finishes, and a bright open layout. Ideal for investors, the property allows daily rentals with no restrictions, offering strong short-term income potential and flexible personal use. Located close to the Miami Worldcenter, top shopping and dining, airports, and cruise terminals, this hotel-branded residence delivers resort-style amenities and consistent demand from both leisure and business travelers.

Facts & features

The home at a glance

3

Bedrooms

3

Bathrooms

1,230

Sqft

2024

Year built

$967

Per sqft

WaterfrontBay & Skyline & Water View viewFurnished

Inside

FlooringTile
AppliancesDishwasher · Dryer · Microwave · Electric Range
InteriorFire Sprinklers · Volume Ceilings
CoolingCentral Air
HeatingCentral
FurnishedFurnished

Outside & construction

ConstructionConcrete Block Construction · CBS Construction
ViewBay · Skyline · Water View
Parking1 Space
ExteriorOpen Balcony

Community & fees

HOA fee$2,300/mo
Taxes (2024)$972/yr
PetsRestrictions Or Possible Restrictions

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.

$9,403 /mo · 10% down Conventional, 30-yr fixed at 6%

Principal & interest$6,416
PMI (est., until 20% equity)$446
Property tax — 2024 actual bill$81
Condo fee — from the listing$2,300
Insurance (FL estimate)$160

The assumptions

Loan typeConventionalDown payment10% · $118,900Loan30-yr fixed at 6%Mortgage insuranceIncludedTaxesActual bill on recordInsuranceFlorida estimate

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

Andrew Acosta

Acosta Home Loans with PRMG · NMLS #1468866

Run your own numbers

Loan type

FHA isn’t available at this price — the loan would exceed the $541,287 FHA limit for our service areas.

Down payment10% · $118,900
Interest rate6.00%
Loan term

Estimated payment

$9,403/mo

Principal & interest$6,416
PMI (est., until 20% equity)$446
Property taxes (actual bill)$81
HOA / condo fee$2,300
Est. insurance$160

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.

List $1.2M
$914KedgeAI estimate $1,093,976 · range $953K$1.4M$1.5M

vs edgeAI estimate

+8.7%

$/sqft vs N/A

$967 vs $288

Days on market

286 vs 66 typical

Where $967/sqft sits among the 236 homes for sale in N/A

104
76
27
8
4
17 · this home
$136–274$274–413$413–551$551–690$690–828$828+

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

Map of 159 NE 6th St # 2816, Miami FL 33132 inside its neighborhood boundary

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

ElementaryFrederick R. Douglass Elementary★★★★★
District Instructional Center (Dic)
HighBooker T. Washington Senior High★★★★★
MiddleJose De Diego Middle School★★★★★
Instructional Center System Wide
Title I Migrant Education Program

School assignments and ratings via edgeAI — always verify with the district.

The numbers that matter

The Miami market

Seller’s marketLeans buyer18.3 months of inventoryBuyer’s market

$508K$590K

Miami median sold, yr/yr

97.6%

Sale-to-list ratio (12 mo)

108 of 236

N/A have cut their price

Median sold price, Miami, trailing 36 months (3-month rolling) · live MLS data.

This home is listed 190% above the MIAMI 33132 median. See the full Miami market guide →

Paper trail

This home's history

CurrentPrice reduced to $1,189,000 $396K
Oct 31, 2025Listed at $1,585,000 · 286 days on market since
2024Built · N/A

Reality check

What actually sold near 159 NE 6th St # 2816

Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.

9559 SE 177TH COURTSold · Dec ’25

$900,000

9559 SE 177TH COURT · same community

2 bd · 2 ba · 1,344 sqft · $670/sqft · 10 DOM

#12 SENDEROS DEL VALLESold · Dec ’25

$161,000

#12 SENDEROS DEL VALLE · same community

3 bd · 2 ba · 1,114 sqft · $145/sqft · 131 DOM

206 WINSLOW AVENUESold · Dec ’25

$208,000

206 WINSLOW AVENUE · same community

3 bd · 1 ba · 1,066 sqft · $195/sqft · 134 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.

Chad Creech

Your agent

Chad Creech

President, Commercial and Development Services · CENTURY 21 Edge

Tours, negotiation, and every question about 159 NE 6th St # 2816 — start here.

Andrew Acosta

Your lender

Andrew Acosta

Acosta Home Loans with PRMG · NMLS #1468866

Pre-approval, rates, and the real monthly number for 159 NE 6th St # 2816 — before you fall in love.

See it in person

Schedule a tour

Live availability from Chad's calendar — pick a time and it's booked. Confirmation lands in your inbox immediately.

Straight answers

159 NE 6th St # 2816 FAQs

What would the monthly payment be for 159 NE 6th St # 2816, Miami FL 33132?+

With 10% down on a 30-year Conventional loan at 6%, the all-in payment lands around $9,403/mo — principal and interest, the actual property-tax bill, the $2,300/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 159 NE 6th St # 2816, Miami FL 33132?+

The association fee works out to $2,300 per month. Ask us for the full association documents — they spell out exactly what the fee covers.

What are the property taxes on 159 NE 6th St # 2816, Miami FL 33132?+

The most recent tax bill on record (2024) was $972. 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 159 NE 6th St # 2816, 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 $1,189,000, this home is listed about 95% above the Miami median of $610,000. The market section on this page shows how the area is trending.

Which schools are assigned to 159 NE 6th St # 2816, 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

Five things that matter here

01Positioned at the premium end

$1,189,000 runs 190% above the MIAMI 33132 median.

02Waterfront living

This home sits directly on the water — the single scarcest feature in Florida inventory and the strongest long-term value anchor.

03Know the monthly fee

The association fee is $2,300/mo. That usually buys real services — verify what's covered before comparing this home against fee-free alternatives.

04Time on market is leverage

286 days on market against a Miami median of 66 — sellers in this position are usually ready to negotiate.

05The price has already moved

Listed at $1,585,000, now $1,189,000 — a $396K cut. The full history is in the market section below.

Listing courtesy of Douglas Elliman · Carlos Fernandez. MLS #A11905314.

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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