+15 more
$310K
Madison Condominium Unit W-906
850 Miami Ave, Unit W-906 • Miami, FL 33136
About This Unit
Sleek city living meets unmatched convenience in this updated 2-bed residence at The Madison Downtown. Enjoy expansive, unobstructed views from a spacious layout featuring built-in closets and wood floors. Just a 2-minute stroll to Brightline and Metrorail, and a 5-minute walk to the vibrant energy of Park West’s top restaurants, bars, and shops—Earls, Lucky Strike, Serafina, and more. Includes one assigned parking space plus guest parking. Well-maintained building with strong reserves, open balcony, and pet-friendly policy.
Pricing at Madison Condominium — $343/sqft
At $343/sqft, Madison Condominium Unit W-906 is priced below the building's typical 2BR — worth a closer look.
Madison Condominium Unit W-906 vs Active Listings at Madison Condominium: This condo is -1.4% lower ($5/less per sqft) than the building's active 2BR median of $348/sqft, based on 5 active 2BRs.
Madison Condominium Unit W-906 vs Recent Sold Listings at Madison Condominium: This unit is +4.7% higher (+$15/more per sqft) than recent 2BR sales (median $328/sqft, based on 2 sales over 9 months).
Rank: This unit's $/sqft is higher than 20% of currently-active 2BR units at Madison Condominium (sample of 5).
Insider Negotiation Strategy: 2BR units at Madison Condominium typically close at 96.9% of asking. At that ratio, this unit could plausibly trade around $300,514.
Based on live MIAMIRE active & closed listings at Madison Condominium.
Time on Market — 175 days
Madison Condominium Unit W-906 is above the typical days on market for this building. The seller may be flexible on price.
This unit's 175 days on the market is 148 days longer than the active 2BR median of 27 days (+548.1%).
Inventory position: 60th percentile for 2BRs currently active at this building.
Price History
Originally listed at $335,000. Reduced to $310,000 on Jan 5, 2026 (after 63 days on market) — -7.5% (−$25,000).
Estimated Monthly Cost
Mortgage (P&I)
$1,683
HOA
$883
Property Tax
$413
Total / mo
$2,979
Assumes 7.20% rate on 20% down (30-year fixed).
Tax effective rate 1.60%.
HOA $0.98/sqft · All-in $3.3/sqft / month.
Excludes wind / flood / contents insurance — verify your actual rate with a lender.
Schedule your private showing at Madison Condominium.
Walk the unit with someone who knows this building inside out. Get pricing history, negotiation strategy, and the things the listing won't tell you.
That's (305) 337-4259 • Available 7 days a week
Recent Comparable Sales
Active 2BR Comps at Madison Condominium
UnitListSqft$/sqftDOM
#—
—
914
$361
7
#—
—
914
$348
21
#—
—
914
$339
297
#—
—
914
$348
27
#—
—
903
$343
175
Recent Closed 2BR Sales
ClosedUnitSold$/sqftvs List
2026-02-18
#—
$305,000
$334
—
2026-03-19
#—
$295,000
$323
—
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 2021 for $275,000 — held 4 years. They’re now asking $310,000 — +12.7% (+$35,000) vs. cost basis.
Source: most recent qualified deed on file with the Miami-Dade Property Appraiser.
Sales History
| Date | Price | Type |
|---|---|---|
| Dec 2021 | $275,000 | arm’s-length |
| Jul 2019 | $235,000 | arm’s-length |
| Jan 2012 | $134,000 | arm’s-length |
| Oct 2009 | $80,000 | Not exposed to open-market; atypical motivation |
Source: Miami-Dade Property Appraiser. County living area: 903 sqft.
Building: Madison Condominium
Unit: W-906
Year Built: 1989
Stories: 22
City: Miami
Postal Code: 33136
HOA Fee: $883 / Monthly
View: Other View
Waterfront: No
Private Pool: No
Heating: Electric
Cooling: Central Air
Days on Market: 175
Listed: November 4, 2025
MLS #: A11907789
Location
Listing courtesy of: Compass Florida, LLC.
Information provided by Miami Association of Realtors / SEFMLS • Deemed reliable but not guaranteed • MLS #: A11907789
• Updated Apr 28, 2026
