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Furnished 1BR in Licensed STR Building
For Sale
Contact for pricing
Pending

601 NE 1st Ave, Miami, FL 33132

Brand-new 1BR residence fully furnished and approved for short-term rentals within a 51-story downtown building.

Property Size646 SF
Days on Market126

Property Features for 601 NE 1st Ave

General Information

Standard status Pending
Size 646 SF
Property subtype Multifamily

Additional Details

Furnished Yes
Cap Rate 10.42%

Amenities

24-hour valet parking
24-hour secure access
high-speed fiber-optic wireless internet
on-site hospitality management
flexible ballrooms
private meeting & boardrooms
video capable conference rooms
outdoor restaurant
steakhouse
craft cocktail lounge
media lounge
coffee shop
poolside retreat with cabanas
pool restaurant and bar
outdoor terrace
yoga studio
fitness center
hammam spa
sauna & steam rooms
treatment rooms
gym locker rooms with showers and changing areas
private beach club access
shuttle service
kids playroom
double-height lobby with floor-to-ceiling windows

Building Details

Stories 51
Listing Agency: NVEST Estates
Listed By: Richie Quintyne · License #Barbados
Source: Crexi
Added: Apr 11 Changed: Aug 8 Last Checked: Aug 13 at 12:23PM

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.

Newly built 1 Bedroom apartment residence at Gale Miami, presented as fully furnished and fully finished, with short-term rentals permitted under the building’s licensing. The offering is presented on a reservation basis, with ownership options described for listing on homesharing platforms.

The building is a 51-story landmark designed by Arquitectonica, with a double-height lobby featuring floor-to-ceiling windows, a 24-hour welcome desk, and 24-hour valet parking and secure access. On-site hospitality management is noted, along with advanced smart-building technology and high-speed fiber-optic wireless internet in common areas. Six high-speed passenger elevators with access control serve the property.

Building amenities are extensive, including dedicated amenity space with wellness, culinary, conference, and pool offerings, plus ground-level retail space with known food and beverage operations. On-site spaces described include an outdoor restaurant with retractable roof, fitness center, hammam spa with sauna/steam rooms, multiple meeting and conference spaces, and a poolside retreat with cabanas and an outdoor terrace.

Key Highlights

  • Brand‑new 1BR residence in a 51‑story downtown Miami building; fully furnished and licensed for AIRBNB and short‑term rentals
  • 51‑story landmark building designed by Arquitectonica, with 24‑hour welcome desk, 24‑hour valet parking, and 24‑hour secure access
  • Smart‑building with advanced technology and high‑speed fiber‑optic wireless internet access throughout common areas

Property Analytics

Current Use

Gale Miami Residences ... Corporate Office 601 Miami (formerly ... Condominium Complex Gale Miami Hotel ... Hotel & Motel 14 ROC Miami ... Condominium Complex Gale Wellness Spa & Massage Center

Suggested Use

Top Pick Veterinary Clinic Nursing Home Pet Grooming Service (Bike/Boat/Book/etc) Store Daycare Center Butcher

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

10,489
Businesses Nearby

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

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Brand-new 1BR residence fully furnished and approved for short-term rentals within a 51-story downtown building.
Where is this apartment building located?
The property is located at 601 NE 1st Ave Miami, FL.
What are key features of this property?
This property features: Brand‑new 1BR residence in a 51‑story downtown Miami building; fully furnished and licensed for AIRBNB and short‑term rentals; 51‑story landmark building designed by Arquitectonica, with 24‑hour welcome desk, 24‑hour valet parking, and 24‑hour secure access; Smart‑building with advanced technology and high‑speed fiber‑optic wireless internet access throughout common areas
More about this property
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