Active Under ContractMLS® A11789786

$193,000

546 SW 1st Street 611, Miami, FL 33130

Beds: 1
Baths: 1
Sqft: 605

Est. payment$1,509/mo

Home type: Condominium
Year built: 1988
Lot size: —
Price / sqft: $319
HOA: $205/mo
Community: RIOPLAZA CONDOMINIUM SOUT

Property description

CASH ONLY | INVESTOR OPPORTUNITY! Turnkey 1-bedroom, 1-bath condo featuring downtown views, a private balcony, gated entry, and assigned parking. Low HOA dues of approximately $205/month and annual property taxes of approximately $2,500. Projected cap rate of 10%+, offering high income and ROI potential. Seller may contribute toward buyer’s closing costs with an acceptable offer. Schedule your showing today! ----BEST BANG FOR YOUR BUCK! Hands down.

Listing activity

Days on market: 515
Listed: Apr 25, 2025
MLS listing updated: Sep 26, 2026
Feed last checked: 2 minutes ago

Listed by Erick Eskelsen · Luxe Properties

Map

Map location is based on MLS-supplied coordinates. Verify the location before relying on it.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 1
Bathrooms: 1
Bathrooms (decimal): 1
Full bathrooms: 1
Half bathrooms: 0

Rooms & features

Rooms: 0
Interior features: Elevator
Flooring: Ceramic Tile
Appliances: Electric Range, Refrigerator
Furnished: Unfurnished

Heating & cooling

Heating: Electric
Cooling: Central Air

Property

Parking

Garage spaces: 1
Garage: Yes
Carport spaces: 1
Carport: Yes
Covered spaces: 2
Parking features: Garage Door Opener
Attached garage: No

Exterior

Stories: 6
Building area: 605 sqft
Entry level: 1
Fencing: Fenced
View: Skyline
Waterfront property: No

Construction

Type & style

Home type: Condominium
Architectural style: Other
Year built: 1988

Materials

Construction: Block
Faces: North

Utilities & green energy

Utilities

Electric: Circuit Breakers

Community & HOA

Community

Subdivision: RIOPLAZA CONDOMINIUM SOUT
MLS area: 2410
Security: Fire Alarm, Fire Sprinkler System, Secured Garage/Parking, Security Fence, Smoke Detector(s)
Pets allowed: Pet Restrictions Possible, Yes
55+ community: No

Association

Has association: Yes
Association fee: $205 monthly
Estimated monthly dues: $205
Amenities: Laundry, Management, None
Services included: Elevator, Maintenance Grounds, Maintenance Structure, Sewer, Trash, Water

Lease details

Not reported by the listing source.

Location

Area details

City: Miami
County: Miami-Dade
ZIP code: 33130

Manufactured home details

Not reported by the listing source.

Financial & listing details

Listing

MLS number: A11789786
Possession: Negotiable
Original list price: $220,000
Parcel number: 0141380680530
Annual property tax: $2,469
Tax year: 2025
Tax legal description: RIOPLAZA CONDOMINIUM SOUTH UNIT 611 UNDIV .01339 INT IN COMMON ELEMENTS OFF REC 13859-290 OR 13940-2876 1288 1

Additional MLS details

Reported by the listing source

Association Amenities: Laundry, Management, None
Association Fee Frequency: Monthly
Association Fee Includes: Elevator, Maintenance Grounds, Maintenance Structure, Sewer, Trash, Water
Association: Yes
Bathrooms Total Decimal: 1
Bathrooms Total Integer: 1
Building Area Total: 605
Construction Materials: Block
County Or Parish: Miami-Dade
Days On Market: 515
Direction Faces: North
Elementary School: Riverside (Miami-Dade)
High School: Booker T. Washington
List Price: 193000
Listing Contract Date: 2025-04-25
Living Area: 605
MLSArea Major: 2410
Middle Or Junior School: Jose De Diego
Mls Status: Active Under Contract
On Market Date: 2026-09-22
Photos Count: 14
Postal Code: 33130
Price Change Timestamp: 2026-08-12T18:06:34Z
Property Sub Type: Condominium
Property Type: Residential
Rooms Total: 0
Security Features: Fire Alarm, Fire Sprinkler System, Secured Garage/Parking, Security Fence, Smoke Detector(s)
Senior Community: No
Standard Status: Active Under Contract
State Or Province: FL
Status Change Timestamp: 2026-09-26T15:43:15Z
Stories Total: 6
Subdivision Name: RIOPLAZA CONDOMINIUM SOUT
Tax Annual Amount: 2469
Bathrooms Full: 1
Bedrooms Total: 1
Waterfront: No
Bathrooms Half: 0
Financial Information: Estimated Monthly Assoc Recurring Fee: 205

Market value

Automated estimate—No licensed valuation source connected

Estimated sales range—Ask Karim for a local market analysis

Estimated rent—No licensed rental valuation source connected

Price history

Date	Event	Price
Apr 25, 2025	ListedMIAMI REALTORS® MLS	$220,000$364/sqft
Aug 12, 2026	Price reducedMIAMI REALTORS® MLS	$193,000$319/sqft

Public tax history

Year	Property taxes	Assessment
2025	$2,469	—

Payment calculator

Estimated monthly payment$1,509/moIllustrative estimate, not a loan offer.

Loan typeDown payment (%)Interest rate assumption (%)Loan termInsurance / month

Principal & interest: $1,001
Property taxes: $206
Insurance: $97
Association dues: $205

Live national rate context is displayed below through Mortgage News Daily’s official widget. The calculator rate remains a separate assumption until licensed machine-readable access is connected. This is not a loan offer.

Neighborhood

Area

RIOPLAZA CONDOMINIUM SOUT

Miami · Miami-Dade County · 33130

Climate risk

—

No licensed climate-risk source is connected.

Nearby schools

Riverside (Miami-Dade)Elementary

—

Jose De DiegoMiddle

—

Booker T. WashingtonHigh

—

School names and districts are MLS-reported when available. Verify attendance boundaries with the school district. Ratings require a licensed ratings provider.

Nearby homes

12 homes