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1600 NE 1st Ave # 1606, Miami FL 33132

Condo/Co-op For Sale
$585,000

BTC: 7.22222222

ETH: 238.87300939

New
2 bds
2 ba
1,009 sqft

Overview

EXCELLENT INVESTMENT OPPORTUNITY AT CANVAS CONDO IN THE HEART OF MIAMI. THIS BEAUTIFULLY MAINTAINED 2 BEDROOM, 2 BATHROOM RESIDENCE IS CURRENTLY LEASED THROUGH APRIL 2027, WITH AN OPTION TO RENEW, PROVIDING IMMEDIATE AND STEADY RENTAL INCOME. OCCUPIED BY AN EXCELLENT TENANT, THIS IS A TURNKEY OPPORTUNITY FOR INVESTORS SEEKING STABLE CASH FLOW. A SPACIOUS CORNER 2 BEDROOM / 2 BATH WITH BREATHTAKING WATER AND CITY VIEWS THAT CAN BE ENJOYED FROM EVERY ROOM. THE UNIT FEATURES A MODERN OPEN-CONCEPT LAYOUT WITH FLOOR-TO-CEILING WINDOWS, ABUNDANT NATURAL LIGHT, AND THE CONTEMPORARY KITCHEN OFFERS SLEEK CABINETRY, STAINLESS STEEL APPLIANCES, AND FLOWS SEAMLESSLY INTO THE SPACIOUS LIVING AND DINING AREAS. THE PRIMARY SUITE INCLUDES GENEROUS CLOSET SPACE AND A WELL-APPOINTED BATHROOM AND BLACKOUT WINDOW TREATMENTS THROUGHOUT. CANVAS RESIDENTS ENJOY RESORT-STYLE AMENITIES INCLUDING MULTIPLE POOLS, A STATE-OF-THE-ART FITNESS CENTER, LOUNGE AREAS, 24-HOUR SECURITY, VALET SERVICES, AND MORE. IDEALLY LOCATED IN MIAMI'S ARTS AND ENTERTAINMENT DISTRICT, JUST MINUTES FROM DOWNTOWN MIAMI, BRICKELL, WYNWOOD, THE DESIGN DISTRICT, AND WORLD-CLASS DINING, SHOPPING, AND ENTERTAINMENT. A RARE OPPORTUNITY TO ACQUIRE A WELL-LOCATED, INCOME-PRODUCING PROPERTY IN ONE OF MIAMI'S MOST DESIRABLE NEIGHBORHOODS.

Location

Details

Type:
Residential
Parking:
Covered / Other / On Street / Valet
Year Built:
2018
Lot:
No Data
Heating:
Central / Electric
Price/sqft:
$580
Cooling:
Central Air / Electric
HOA:
$1,030

Valuation

Our model vs. what's actually selling nearby.
Estimate
$670,000
$499K – $880K
Confidence Low
List vs. estimate
$85K below estimate
List $585,000 · -12.7%
Our model says this listing is priced below recent comparable activity. Expect competition.
Price per sq ft
$579
+2.9% vs. city median $563
Based on
960 MLS comparables
+ 30 public-records sales within 0.5 mi
Median actual sale: $417K
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$8,716
2026
HOA
$1,030/mo
View
Intracoastal View, Ocean View
Garage
2 car garage
Pets
Allowed
All facts and features
  • Flooring

    • Ceramic Floor

    • Tile

    Heating

    • Central

    • Electric

    Cooling

    • Central Air

    • Electric

    Appliances

    • Dishwasher

    • Disposal

    • Dryer

    • Electric Range

    • Electric Water Heater

    • Ice Maker

    • Microwave

    • Refrigerator

    • Self Cleaning Oven

    • Washer

    Other interior features

    • First Floor Entry

    • Elevator

    • Shabbat Elevator

    • Fire Sprinklers

    • Entrance Foyer

    • Split Bedroom

    • Walk-In Closet(s)

    Bedrooms and bathrooms

    • Bedrooms: 2

    • Full bathrooms: 2

  • Parking

    • Covered

    • Other

    • On Street

    • Valet

    Property

    • Exterior Features: Open Balcony

    Other Property Information

    • Parcel Number: 01-31-36-096-1410

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Condominium

  • Other financial information

    • HOA: $1,030

    • HOA Frequency: Monthly

    • Annual tax amount: $8,716

  • Source details

    • MLS ID: A12067172

    Other facts

    • Construction Materials: Concrete Block Construction / CBS Construction

    • Patio And Porch Features: Open Balcony

    • Window Features: Clear Impact Glass / Complete Impact Glass / Blinds / Impact Glass

    • Architectural Style: Corner Unit

    • Garage Spaces: 2

    • Garage: Yes

    • Living Area: 1009

    • Subdivision Name: CANVAS CONDO

Private inquiry
Talk to the advisor on this listing.
Floor plans, HOA docs, off-market comparables, scheduling a private showing — one message, direct to the local specialist.

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Market around this address

Live counts in the same area.
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The multiple listing information is provided by the Miami Association of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Miami Association of REALTORS®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: Preferred Realty & Associates