851 NE 1st Ave # 5201, Miami FL 33132 | Miami-Dade County | A12028398
  • $4,995,000

Description

Experience the pinnacle of elevated living from the 52nd floor of the world-renowned Paramount Miami Worldcenter. This masterpiece features 4 bedrooms and 5 full bathrooms, fully furnished and curated by the legendary interior designer Adriana Hoyos. The expansive floor plan boasts soaring 10-foot ceilings and private elevator access that opens into a grand foyer, framing breathtaking, unobstructed panoramic views of Biscayne Bay, the Atlantic Ocean, and the shimmering Miami skyline. The defining feature of this residence is its massive, record-breaking 2,500-square-foot wrap-around terrace—the largest in the building—offering an unparalleled private outdoor sanctuary for entertaining against a backdrop of endless blue horizons. Residents enjoy a chef’s kitchen equipped with premium Sub-Zero and Wolf appliances, 3 assigned parking spaces, and access to the most comprehensive amenity package in the world, including tennis courts, multiple resort-style pools, golf simulator, rooftop observatory, indoor basketball court, and a spa that rivals your favorite weekend escape. Perfectly positioned in the heart of downtown, this high-floor sanctuary serves as a true sky-mansion, providing a lifestyle of absolute privacy and prestige. It is a legacy property designed for the discerning buyer who demands the very best in Miami’s most ambitious urban core.

Property Overview

This is a 4-bedroom, 4-bath home of about 3867 square feet at 851 NE 1st Ave # 5201, Miami FL 33132 (Miami 33132), listed at $4,995,000.

Monthly Costs, Stated Plainly

The monthly HOA fee is $3,995.

The tax of record is $36,752 (2024). As an ESTIMATE ONLY — Florida reassesses at sale — at this price and a Miami-Dade rate near 2.0%: without homestead, about $99,900/yr (≈ $8,325/mo); with the homestead exemption on a primary residence, about $98,900/yr (≈ $8,242/mo). Confirm with the Miami-Dade Property Appraiser and a tax professional — these are estimates, not quotes.

Frequently Asked Questions

What is the list price, and what typically conveys with a home like this?

The list price for 851 NE 1st Ave #5201 is $4,995,000. While the MLS does not specify the furnished status, fixtures and built-in appliances typically convey with the home — we’ll confirm specifics for you. The unit itself includes its private features, while the building offers exceptional shared amenities: a heated pool, tennis courts, a business center, and more. To verify exactly what’s included and discuss this home’s unique value, contact Christopher Lazaro, Miami Real Estate Expert, for personalized clarity.

Where exactly is it, and what should I know about the location?

851 NE 1st Ave #5201 is in Miami’s 33132 zip code, positioned along the city’s vibrant coastal corridor with easy access to Biscayne Bay. The location offers proximity to downtown’s cultural hubs, waterfront dining, and major highways while maintaining a residential feel. For precise insights on neighborhood dynamics or to schedule a private tour, contact Christopher Lazaro, Miami Real Estate Expert, directly—he’ll ensure you have the full picture.

What are the HOA / association fees, and what do they cover?

The monthly HOA fee for 851 NE 1st Ave #5201 is $3,995, which covers All Amenities—a premium offering for this luxury Miami high-rise lifestyle. The community adheres to Miami’s municipal ordinances, including noise and safety regulations, detailed in the city code. For precise details on how these fees apply to your ownership experience, consult Christopher Lazaro, Miami Real Estate Expert, who’ll clarify every line item.

What are the property taxes and homestead implications?

The current tax of record for 851 NE 1st Ave #5201 is $36,752 (2024), but Florida reassesses upon sale. As an ESTIMATE ONLY, at the $4,995,000 list price and Miami-Dade’s approximate 2.0% rate: without homestead, expect around $99,900/yr (≈ $8,325/mo); with Florida’s homestead exemption — which reduces taxable value for primary residences only — roughly $98,900/yr (≈ $8,242/mo). These are estimates, not quotes; always confirm with the Miami-Dade Property Appraiser and a tax professional. For precise projections tailored to your situation, contact Christopher Lazaro, Miami Real Estate Expert.

Is the home in a flood zone, and what does that mean?

851 NE 1st Ave #5201 is in a high-risk flood zone (FEMA Zone AE), meaning it has a 1% annual chance of flooding and a 26% chance over a 30-year mortgage. FEMA flood zones classify risk levels, and lenders often require flood insurance in AE zones. View the FEMA flood map for this address to confirm details. For precise insurance estimates and mitigation strategies, consult Christopher Lazaro, Miami Real Estate Expert, who can guide you through protections for this $4,995,000 property.

Are pets allowed?

Since 851 NE 1st Ave #5201 is a single-family home, there’s no condo or HOA board restricting pets — the owner sets the policy, within local ordinances and lease terms if applicable. Documented service animals and emotional support animals (ESAs) are protected under federal law. For precise details on this $4,995,000 property’s current pet policy, connect directly with Christopher Lazaro, Miami Real Estate Expert.

How is the price set and is there room to negotiate?

The $4,995,000 listing reflects a tailored CMA for 851 NE 1st Ave #5201, accounting for recent Miami-Dade trends where single-family homes closed at 95% of original list (averaging 41 days to contract per MIAMI REALTORS®, May 2026). While high-rise condos like this 3,867 sqft residence often follow different dynamics, we’ll provide a fresh Miami-specific CMA to pinpoint negotiability before you act. For precise guidance, connect directly with Christopher Lazaro, Miami Real Estate Expert, to validate your strategy.

What financing step do you recommend before touring?

Before touring 851 NE 1st Ave #5201, I strongly recommend securing a pre-approval from a Florida Licensed Mortgage Loan Originator. This ensures you’re positioned to act swiftly on this $4,995,000 residence, and it clarifies your budget for a property of this caliber—4 beds, 4 baths, and 3,867 sqft of luxury. Reach out to Christopher Lazaro, Miami Real Estate Expert, to discuss your pre-approval or schedule a private showing with confidence.

Monthly Fees & Carrying Costs

Association Fee $3,995 / month
Total Monthly Fees $3,995 / month
  • Membership Required: No
  • Application Fee: $250 (one-time)

Have a question about this Miami listing?

Talk directly with Christopher Lazaro, your Miami real estate advisor. No pressure — real answers.

  • Address: 1st Ave
  • City: Miami
  • Zip/Postal Code: 33132

Details

Updated on June 23, 2026 at 8:54 pm
  • Property ID A12028398
  • Price $4,995,000
  • Property Size 3867 Sq Ft
  • Bedrooms 4
  • Room 0
  • Bathrooms 4
  • Year Built 2019
  • Property Status Active, Residential

Additional details

  • Flooring Other
  • Bedroom Features Primary Bath Shower, Primary Bath Tub, Primary Bedroom Ground Level, Sitting Area - Primary Bedroom
  • Cooling Central Air
  • Association Type Condo, Homeowners
  • Building Paramount World Center
  • Association Fee Frequency Monthly
  • Area Paramount Miami Worldcent
  • Annual Tax 36752
  • Association Yes
  • Private Pool No
  • Listing Terms Conventional
  • Waterfront No
  • Full Bathrooms 4
  • Subdivision PARAMOUNT MIAMI WORLDCENT
  • Total Stories 63
  • Restrictions Other Restrictions
  • Maintenance Includes All Amenities
  • Parking 2 Or More Spaces
  • Heating Electric
  • Structure Type Condo 5+ Stories, Condo
  • Tax Year 2024
  • Construction Concrete Block Construction
  • Building Area 3867
  • Covered Spaces 2
  • Unit Floor 52
  • View Bay, Ocean View
  • Year Built Details Effective Year Built
  • Pets Allowed Yes
  • Attached Yes
  • Unit Number 5201
  • Half Bathrooms 0
  • Flood Zone X
  • Patio / Porch Open Balcony
  • New Construction No
  • Garage Spaces 2
  • Style Condo 5+ Stories
  • Association Fee 3995
  • Lot Size (Sq Ft) 0
  • Membership Purchase Required No

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