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850 Miami Ave, Unit W-408
+29 more
$330K

Madison Condominium Unit W-408

850 Miami Ave, Unit W-408 • Miami, FL 33136

at Madison Condominium

Beds
2
Baths
2
Living Area
914 SF
Price / SF
$361
HOA / Monthly
$921
Days on Market
7

About This Unit

Beautiful apt 2BR/2BA, wood flooring, S/S appliances & granite counter top in kitchen, an assigned parking space.Gated community located in the heart of Downtown Miami,a few blocks away of Kaseya Center,Bayfront Park,Metro-rail w/connection to the Airport & New Miami Grand Central Station. It is plenty of amenities,including pool,Jacuzzi,BBQ area,tennis,basketball & beach-volley courts,gym, security guard 24/7,clubhouse,billiard room.Laundry in building.Downtown of Miami,where commercial cultural & civic greater diversity of activities are concentrated,the open-air malls, department stores, jewelry shops,restaurants,are busy w/foot traffic,Dolphin EXPY,Brickell,Beaches,International Airport. This won’t last long!

Pricing at Madison Condominium — $361/sqft
At $361/sqft, Madison Condominium Unit W-408 is priced at the top tier of units in this building. Fewer than 20% of comparable units ask more per sqft.
Madison Condominium Unit W-408 vs Active Listings at Madison Condominium: This condo is +3.7% higher (+$13/more per sqft) than the building's active 2BR median of $348/sqft, based on 5 active 2BRs.
Madison Condominium Unit W-408 vs Recent Sold Listings at Madison Condominium: This unit is +10.0% higher (+$33/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 80% 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 $319,805.
Based on live MIAMIRE active & closed listings at Madison Condominium.
Time on Market — 7 days
Madison Condominium Unit W-408 is fresh to market — limited negotiating leverage at this stage.
This unit's 7 days on the market is 20 days shorter than the active 2BR median of 27 days (-74.1%).
Inventory position: 0th percentile for 2BRs currently active at this building.
Estimated Monthly Cost
Mortgage (P&I)
$1,791
HOA
$921
Property Tax
$419
Total / mo
$3,132
Assumes 7.20% rate on 20% down (30-year fixed). Tax effective rate 1.52%. HOA $1.01/sqft · All-in $3.43/sqft / month. Excludes wind / flood / contents insurance — verify your actual rate with a lender.

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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.
Sales History
Date Price Type
Oct 2018 $236,000 arm’s-length
Jul 2009 $132,000 arm’s-length
Source: Miami-Dade Property Appraiser. County living area: 914 sqft.
Unit: W-408
Year Built: 1989
City: Miami
Postal Code: 33136
HOA Fee: $921 / Monthly
View: Garden View
Waterfront: No
Private Pool: No
Heating: Central, Electric
Cooling: Ceiling Fan(s), Central Air
Days on Market: 7
Listed: December 2, 2025
MLS #: A11924292

Location

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Email About This Unit
Listing courtesy of: Florida Realty of Miami Corp
Information provided by Miami Association of Realtors / SEFMLS • Deemed reliable but not guaranteed • MLS #: A11924292 • Updated Dec 9, 2025
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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