7516 NE 1st Avenue # 302, Miami FL 33138, MIAMI, FL, 33138
Active204 days on marketListed Jan 26, 2026MLS #F10548465
About this home
7516 NE 1st Avenue # 302, Miami FL 33138
Welcome to this beautifully fully renovated 1-bedroom, 1-bathroom condo in the heart of Miami — perfect for investors or buyers looking to live in a move-in-ready home. Located on the 3rd floor with a desirable south-facing exposure, the unit is filled with abundant natural light, creating a bright and inviting atmosphere throughout the day. The spacious living area opens to a private balcony, while the bedroom features a stunning downtown skyline view, ideal for morning sunrises and vibrant city nights. The modern kitchen is equipped with stainless steel appliances, and the unit includes central air, a smart A/C thermostat, and an in-unit washer and dryer for added convenience. The bedroom offers a large walk-in closet, and the recent renovation delivers a clean, contemporary feel throughout. Additional highlights include impact windows and doors, a private gated parking lot, and a well-maintained building in a highly desirable location. Previously rented for $2,000 per month, this property presents strong income potential while remaining an excellent option for an owner-occupant seeking comfort, style, and location.
Facts & features
The home at a glance
1
Bedrooms
1
Bathrooms
720
Sqft
0 ac
Lot size
2007
Year built
$277
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.
$2,059 /mo · 3.5% down FHA, 30-yr fixed at 6%
The assumptions
FHA is the default here because it gets you in the door with just 3.5% down. Switch to Conventional or VA below.
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
Estimated payment
$2,059/mo
Includes FHA mortgage insurance and the financed 1.75% upfront premium. 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.
vs edgeAI estimate
−9.6%
$/sqft vs Miami actives
$277 vs $508
Days on market
204 vs 66 typical
Where $277/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 Little Haiti
Get to know Miami. See the full Miami guide →
Little Haiti — neighborhood snapshot
Population
29,864
Median age
38
Median income
$49,597
Median home value
$568,827
Avg household
3
Households w/ children
3,355
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 40% below the MIAMI 33138 median. See the full Miami market guide →
Paper trail
This home's history
Reality check
What actually sold near 7516 NE 1st Avenue # 302
Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.
Sold · Jan ’26$156,000
7516 NE 1st Ave # 302, Miami FL 33138
1 bd · 1 ba · 720 sqft · $217/sqft · 110 DOM
Sold · Sep ’25$260,000
680 NE 64th St # A316, Miami FL 33138
1 bd · 1 ba · 723 sqft · $360/sqft · 248 DOM
Sold · Mar ’26$265,000
680 NE 64th St # A505, Miami FL 33138
1 bd · 1 ba · 741 sqft · $358/sqft · 144 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 7516 NE 1st Avenue # 302 — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 7516 NE 1st Avenue # 302 — 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
7516 NE 1st Avenue # 302 FAQs
What would the monthly payment be for 7516 NE 1st Avenue # 302, Miami FL 33138?+
With 3.5% down on a 30-year FHA loan at 6%, the all-in payment lands around $2,059/mo — principal and interest, the actual property-tax bill, the $461/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 7516 NE 1st Avenue # 302, Miami FL 33138?+
The association fee works out to $461 per month. Ask us for the full association documents — they spell out exactly what the fee covers.
What are the property taxes on 7516 NE 1st Avenue # 302, Miami FL 33138?+
The most recent tax bill on record (2025) was $2,100. 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 7516 NE 1st Avenue # 302, Miami FL 33138?+
The listing reports pets: Yes. 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 $199,500, this home is listed about 67% below the Miami median of $610,000. The market section on this page shows how the area is trending.
Which schools are assigned to 7516 NE 1st Avenue # 302, Miami FL 33138?+
Toussaint L'Ouverture Elementary (elementary), Jose De Diego Middle School (middle), District Instructional Center (Dic) (), Booker T. Washington Senior High (high), 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
Three things that matter here
01Under the MIAMI 33138 market on paper
$199,500 is 40% below the MIAMI 33138 median of $329,950, and at $277/sqft it sits under the Miami average of $651.
02Garden & Other & Garden View & Other View & Other Water View views
The garden and other and garden view and other view and other water view view is part of what you're buying — views hold value independently of the structure.
03Time on market is leverage
204 days on market against a Miami median of 66 — sellers in this position are usually ready to negotiate.
Keep looking
Similar homes nearby
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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