Atlantic Luxury Advisors
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13 photos

1600 1st Ave #1606

Miami, FL 33132

$585,000
2
2
1,009 sq ft
2018
2 car
Condominium
$1,030/mo
3
Active

Listing courtesy of Preferred Realty & Associates (Diana Aleman). Contact: [email protected].

About this home

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.

What it costs to own
Estimated monthly payment
$5,193/mo
Principal and interest
$2,958
Property tax
$838
Homeowners insurance
$367
HOA
$1,030

An estimate, not a loan offer. The rate and insurance are assumptions to edit with your own quotes; Florida insurance varies widely by age, construction and distance to the coast. Flood insurance and PMI are not included.

Florida cost of ownership
Estimated property tax
$10,058/yr

Estimate: the price times the Miami-Dade County average total millage (18.49 mills, Florida Department of Revenue, 2025 average total millage by county), less the homestead exemptions. The actual bill depends on the city, the assessed value and special assessments. Save Our Homes then caps annual assessment increases at 3% or inflation, whichever is lower.

HOA
$1,030/mo (from the listing)
FEMA flood zone
Zone X, minimal risk

Outside the special flood hazard area. Flood insurance is optional.

Hurricane evacuation zone
Zone E: ordered to evacuate for Category 4 and 5 hurricanes.

Sources: FEMA National Flood Hazard Layer and the Florida Division of Emergency Management evacuation zones, looked up at the listing point. Confirm with an elevation certificate and your insurer.

Location

Listing data provided by the Southeast Florida Multiple Listing Service (MIAMI REALTORS®). The data is deemed reliable but is not guaranteed accurate by the MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and is deemed reliable but is not guaranteed accurate by the MLS. Atlantic Luxury Advisors is a real estate team at Keller Williams Realty. Payment, tax and flood figures on this page are estimates by Atlantic Luxury Advisors, not MLS data.