+19 more
$318K
Madison Condominium Unit W-1806
850 Miami Ave, Unit W-1806 • Miami, FL 33136
About This Unit
Beautiful 2/2 in the heart of Downtown Miami, great views of the skyline. High impact windows, SS appliances, lots of amenities, pool, fitness center, BBQ, volleyball, tennis, and much more. Assigned covered parking space, laundry on the first floor. Walking distance to your favorite restaurant, art center. Minutes to Brickell, the beaches, airport, Wynwood.
Pricing at Madison Condominium — $348/sqft
At $348/sqft, Madison Condominium Unit W-1806 is priced near the building's median — solidly mid-market for this floor plan.
Madison Condominium Unit W-1806 vs Active Listings at Madison Condominium: This condo is -0.0% higher (+$0/more per sqft) than the building's active 2BR median of $348/sqft, based on 5 active 2BRs.
Madison Condominium Unit W-1806 vs Recent Sold Listings at Madison Condominium: This unit is +6.1% higher (+$20/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 40% 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 $308,269.
Based on live MIAMIRE active & closed listings at Madison Condominium.
Time on Market — 27 days
Madison Condominium Unit W-1806 is around the building's typical pace.
This unit's 27 days on the market is 0 days longer than the active 2BR median of 27 days (+0.0%).
Inventory position: 40th percentile for 2BRs currently active at this building.
Estimated Monthly Cost
Mortgage (P&I)
$1,727
HOA
$1,050
Property Tax
$480
Total / mo
$3,256
Assumes 7.20% rate on 20% down (30-year fixed).
Tax effective rate 1.81%.
HOA $1.15/sqft · All-in $3.56/sqft / month.
Excludes wind / flood / contents insurance — verify your actual rate with a lender.
Schedule your private showing at Madison Condominium.
Walk the unit with someone who knows this building inside out. Get pricing history, negotiation strategy, and the things the listing won't tell you.
That's (305) 337-4259 • Available 7 days a week
Recent Comparable Sales
Active 2BR Comps at Madison Condominium
UnitListSqft$/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 Sep 2010 for $130,000 — held 16 years. They’re now asking $318,000 — +144.6% (+$188,000) vs. cost basis.
Source: most recent qualified deed on file with the Miami-Dade Property Appraiser.
Sales History
| Date | Price | Type |
|---|---|---|
| Sep 2010 | $130,000 | arm’s-length |
| Oct 2009 | $80,000 | Not exposed to open-market; atypical motivation |
Source: Miami-Dade Property Appraiser. County living area: 927 sqft.
Building: Madison Condominium
Unit: W-1806
Year Built: 1989
Stories: 18
City: Miami
Postal Code: 33136
HOA Fee: $1,050 / Monthly
View: Other View, Skyline
Waterfront: No
Private Pool: No
Heating: Central, Electric
Cooling: Central Air, Electric
Days on Market: 27
Listed: March 6, 2026
MLS #: A11976314
Location
Listing courtesy of: Cervera Real Estate Inc.
Information provided by Miami Association of Realtors / SEFMLS • Deemed reliable but not guaranteed • MLS #: A11976314
• Updated Apr 2, 2026
