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850 Miami Ave, Unit W-2101
+26 more
$290K

Madison Condominium Unit W-2101

850 Miami Ave, Unit W-2101 • Miami, FL 33136

at Madison Condominium

Beds
1
Baths
1
Living Area
593 SF
Price / SF
$489
HOA / Monthly
$580
Days on Market
286

About This Unit

Great for Investors, This spectacularly remodeled unit boasts an Italian kitchen equipped with granite countertops & state-of-the-art stainless-steel appliances. Its marble floors add a touch of timeless sophistication, while the upgraded bathroom offers a serene escape with modern fixtures. This unit offers the perfect blend of coastal, beach & urban living. Immerse yourself in the vibrant city life with renowned restaurants, theaters, & shopping centers all within close proximity, For your upmost convenience, the unit includes a washer and dryer, ensuring that even the most mundane tasks are effortlessly managed. just 2 miles from the beach, this unit offers the perfect blend of coastal and urban living. property is rented for 2100 a month, lease started on October 1 2025

Pricing at Madison Condominium — $489/sqft
Madison Condominium Unit W-2101 is listed at $489/sqft.
Madison Condominium Unit W-2101 vs Active Listings at Madison Condominium: This condo is +17.8% higher (+$74/more per sqft) than the building's active 1BR median of $415/sqft, based on 2 active 1BRs.
Madison Condominium Unit W-2101 vs Recent Sold Listings at Madison Condominium: This unit is +33.6% higher (+$123/more per sqft) than recent 1BR sales (median $366/sqft, based on 2 sales over 9 months).
Insider Negotiation Strategy: 1BR units at Madison Condominium typically close at 91.1% of asking. At that ratio, this unit could plausibly trade around $264,335.
Based on live MIAMIRE active & closed listings at Madison Condominium.
Time on Market — 286 days
Madison Condominium Unit W-2101 has been on the market for 286 days.
This unit's 286 days on the market is 142 days longer than the active 1BR median of 144 days (+98.6%).
Price History
Originally listed at $305,000. Reduced to $290,000 on Oct 28, 2025 (after 197 days on market) — -4.9% (−$15,000).
Estimated Monthly Cost
Mortgage (P&I)
$1,575
HOA
$580
Property Tax
$409
Total / mo
$2,563
Assumes 7.20% rate on 20% down (30-year fixed). Tax effective rate 1.69%. HOA $0.98/sqft · All-in $4.32/sqft / month. Excludes wind / flood / contents insurance — verify your actual rate with a lender.

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Recent Comparable Sales

Active 1BR Comps at Madison Condominium

UnitListSqft$/sqftDOM
#— — 593 $489 286
#— — 689 $341 1

Recent Closed 1BR Sales

ClosedUnitSold$/sqftvs List
2025-11-10 #— $255,000 $370 —
2026-04-07 #— $250,000 $363 —
Comps are limited to the same bedroom count. Sold prices reflect what closed buyers actually paid.
What to Verify
Flood Zone: This unit is in flood zone X. Outside the Special Flood Hazard Area — low-to-moderate risk; insurance optional but recommended.
Building Age: Built in 1989 (37 years old) — approaching Florida's 30-year recertification trigger.
Verify all of the above with the HOA before closing.
💰 Current Owner's Cost Basis
The current owner bought this unit Dec 2006 for $231,900 — held 19 years. They’re now asking $290,000 — +25.1% (+$58,100) vs. cost basis.
Source: most recent qualified deed on file with the Miami-Dade Property Appraiser.
Sales History
Date Price Type
Dec 2006 $231,900 arm’s-length
Source: Miami-Dade Property Appraiser. County living area: 593 sqft.
Unit: W-2101
Year Built: 1989
Stories: 23
City: Miami
Postal Code: 33136
HOA Fee: $580 / Monthly
View: Skyline
Waterfront: No
Private Pool: No
Heating: Central
Cooling: Central Air
Days on Market: 286
Listed: April 15, 2025
MLS #: A11784120

Location

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Listing courtesy of: DMC Universal Realty, Inc
Information provided by Miami Association of Realtors / SEFMLS • Deemed reliable but not guaranteed • MLS #: A11784120 • Updated Feb 16, 2026
Ricky Garcia Miami Realtor
Your Miami Insider

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Ricky Garcia  |  Global Luxury Realty  |  License #3521781

Ricky has closed deals at Madison Condominium. He knows the HOA, the best floors, and which units to avoid. Get a free no-pressure market analysis before you make any offer.

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