Waterfront 2BR Short-Term Rental
For Sale
Contact for pricing
Pending
602 NE 1st Ave, Miami, FL 33132
Brand-new waterfront 2BR/2BA apartment residence licensed for short-term rentals and fully furnished for turnkey stays.
Property SizeContact for details
Days on Market126
Property Features for 602 NE 1st Ave
General Information
Standard status
Pending
Property subtype
Multifamily
Financials
Cap Rate
5.38%
Business Included
Yes
Building Details
Year Built
2024
Stories
51
Listing Agency:
NVEST Estates
Listed By:
Richie Quintyne · License #Barbados
Source:
Crexi
Added: Apr 11
Changed: Aug 10
Last Checked: Aug 12 at 11:15AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NVEST Estates
Investment Insights
Based on property information with market context.
This offering is for a brand-new 2BR/2BA waterfront apartment residence in a new downtown high-rise. The residence is fully furnished and turn-key, with short-term rental licensing in place for Airbnb and other short-term rental platforms. The building also supports flexible listing options through homesharing platforms, providing owners the ability to manage their rentals as desired.
The building is described as a 51-story landmark designed by Arquitectonica, featuring a double-height lobby with floor-to-ceiling windows and a 24-hour welcome desk. Amenities and services include 24-hour valet parking and 24-hour secure access, advanced smart-building technology with high-speed fiber-optic/wireless internet in common areas, and six high-speed passenger elevators with access control.
The property is also supported by on-site hospitality management and multiple amenity levels, including dedicated amenity space and several hospitality-style venues. Additional building features noted include over 9,000 square feet of ground-level retail and 70,000 square feet of building amenities, along with private office space for lease.
The building is described as a 51-story landmark designed by Arquitectonica, featuring a double-height lobby with floor-to-ceiling windows and a 24-hour welcome desk. Amenities and services include 24-hour valet parking and 24-hour secure access, advanced smart-building technology with high-speed fiber-optic/wireless internet in common areas, and six high-speed passenger elevators with access control.
The property is also supported by on-site hospitality management and multiple amenity levels, including dedicated amenity space and several hospitality-style venues. Additional building features noted include over 9,000 square feet of ground-level retail and 70,000 square feet of building amenities, along with private office space for lease.
Key Highlights
- 2BR/2BA waterfront apartment residence in a brand‑new Downtown Miami building (based on current inventory).
- Licensed for short‑term rentals including AIRBNB and VRBO; option to list on homesharing platforms.
- Fully furnished and fully finished (turn‑key) including kitchen utensils and cutlery for short stays.
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
13,542
Businesses Nearby
Explore this area
Business Placement
Demographics for 33132, FL
18,159
Population
12,725
Households
1.4
Avg Household Size
35
Median Age
61%
College-Educated
95%
High-School Grad
1.5 sq mi
ZIP Area
12,106
Density / Sq Mi
$109,505
Median Household Income
$71,509
Median Earnings
$2,534
Median Rent
$545,100
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Short term rental property - Brand-new waterfront 2BR/2BA apartment residence licensed for short-term rentals and fully furnished for turnkey stays.
Where is this short term rental property located?
The property is located at 602 NE 1st Ave Miami, FL.
What are key features of this property?
This property features: 2BR/2BA waterfront apartment residence in a brand‑new Downtown Miami building (based on current inventory).; Licensed for short‑term rentals including AIRBNB and VRBO; option to list on homesharing platforms.; Fully furnished and fully finished (turn‑key) including kitchen utensils and cutlery for short stays.
