24 photos
111 E Flagler St #805
Miami, FL 33131
Listing courtesy of Investcounsel, LLC. Contact: [email protected].
Rented, income-producing, turn-key investment opportunity in the heart of revitalized Downtown Miami! This beautifully updated two-bedroom condo offers modern comfort, urban convenience, and exceptional value in one of Miami’s most rapidly improving neighborhoods. Downtown has undergone major enhancements with renovated streets, upgraded public spaces, and a growing collection of dining, shopping, entertainment, and residential developments. Inside, enjoy a fully remodeled open-concept layout featuring a spacious kitchen island, modern appliances, in-unit washer/dryer, brand new water heater, central air conditioning, and expansive windows showcasing city views. The building’s 50-year recertification is nearly complete, offering added peace of mind. Just steps from the Kaseya Center and Miami’s best restaurants, this is an ideal opportunity for investors seeking a low-maintenance income property or owners looking to experience the energy of Downtown living.
- Principal and interest
- $1,542
- Property tax
- $407
- Homeowners insurance
- $192
- HOA
- $973
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.
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.
The full yearly cost of owning this home: property tax levy by levy from the published millage of the parcel’s taxing district (a mailing city is not always inside its city limits), the Save Our Homes cap, HOA and the insurance quotes to get.
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.
Flagler First Condo was built in 1951, according to the county property appraiser.
If it has three or more habitable stories, Florida law (s. 553.899, F.S.) requires a milestone structural inspection by December 31 of the year it reaches 30 years of age, then every 10 years; for a building of this age the first one was due by December 31, 2024. A local building official may require it at 25 years near salt water.
Condominium buildings of three or more stories also need a structural integrity reserve study (s. 718.112(2)(g), F.S.) at least every 10 years; associations formed on or before July 1, 2022 had to complete one by December 31, 2025.
Dates follow from the statutes and the year the county appraiser lists for the building, not from the association's records. Ask the association for its milestone inspection report, its most recent structural integrity reserve study and any approved or proposed special assessments, and review them before you buy.
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 Services. Payment, tax and flood figures on this page are estimates by Atlantic Luxury Advisors, not MLS data.