$252,000

Flagler First Condo 111 E Flagler St Unit 507 Floor 5 Miami, FL 33131

Downtown Miami Neighborhood

Estimated payment $2,337/month

1 Bed
1 Bath
623 Sq Ft
$404 Price per Sq Ft

Highlights

  • Fitness Center
  • 3-minute walk to Miami Avenue
  • Cooking Island
  • Intercom to Front Desk
  • Billiard Room
  • High Impact Windows

About This Home

Great investment opportunity in the heart of Downtown Miami! This 1-bedroom, 1-bath condo in the historic, protected Flagler First building is rented at $2,200/month through July 2026, making it perfect for investors. A true gem, ideally located steps from Bayside Marketplace, Whole Foods, Kaseya Center, Julia & Henry's Food Hall, and Miami Dade College, with easy access to the Metrorail. Downtown Miami is growing and transforming, making this unit a solid asset poised to appreciate as the neighborhood modernizes. Nearby parking options add convenience for residents and visitors. Don’t miss this rare opportunity in a prime location!

Listing Agent

Jose Izquierdo

Grand Lion Real Estate Group LLC License #3382252 Listed on: 11/19/2025

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,871

Year Built

  • Built in 1951

HOA Fees

  • $686 Monthly HOA Fees

Home Design

  • Entry on the 5th floor

Interior Spaces

  • 623 Sq Ft Home
  • Ceramic Tile Flooring
  • Property Views

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher
  • Cooking Island
  • Trash Compactor
  • Disposal

Bedrooms and Bathrooms

  • 1 Bedroom
  • Closet Cabinetry
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Home Security

Accessible Home Design

  • Accessible Elevator Installed

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Assessor Parcel Number 01-41-37-057-0550

Community Details

Overview

  • High-Rise Condominium
  • Flagler First Condo
  • Flagler First Condo Subdivision
  • 15-Story Property

Amenities

  • Trash Chute
  • Billiard Room
  • Intercom to Front Desk
  • Lobby
  • Secure Lobby
  • Interior Hall

Recreation

Pet Policy

  • Breed Restrictions

Security

  • Card or Code Access
  • High Impact Windows
  • High Impact Door
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,871

Year Built

Built in 1951

Lot Details

0

HOA Fees

$686 per month

Listing Details

  • Property Type: Residential
  • Year Built: 1951
  • Ownership: Corporation
  • Property Sub Type: Condominium
  • Architectural Style: High Rise
  • Entry Level: 5
  • Garage Yn: No
  • Horses: No
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Condo 5+ Stories, Condo
  • Subdivision Name: FLAGLER FIRST CONDO
  • Year Built Details: Resale
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • CurrentPrice: 252000
  • InternetRemarks: Downtown Miami 1 bed/1 bath in Flagler First—protected, historic building, in a booming area, perfect for hassle-free rentals. Low HOA fees. Must see.
  • ShowingTimeFlag: No
  • Special Features: VirtualTour

Interior Features

  • Appliances: Trash Compactor, Dishwasher, Disposal, Dryer, Microwave, Electric Range, Refrigerator, Washer
  • Interior Amenities: Interior Hall, Lobby, First Floor Entry, Closet Cabinetry, Cooking Island, Elevator
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Door Features: High Impact Doors
  • Flooring: Ceramic Floor
  • Living Area: 623
  • Other Equipment: Elevator
  • Stories: 15
  • Window Features: Clear Impact Glass, High Impact Windows, Impact Glass
  • Bedroom Features: Entry Level

Exterior Features

  • View: Other View
  • Construction Type: Concrete Block Construction
  • Pool Private: No
  • View: Yes
  • Waterfront: No

Garage/Parking

  • Park Building Name: FLAGLER FIRST CONDO
  • Parking Features: None

Utilities

  • Cooling: Electric
  • Cooling Y N: Yes
  • Heating: Electric
  • Heating Yn: Yes
  • Security: Fire Alarm, Smoke Detector, Card Entry, Intercom In Lobby, Lobby Secured

Condo/Co-op/Association

  • Association Fee: 686
  • Amenities: Billiard Room, Exercise Room, Trash Chute
  • Association Fee Frequency: Monthly
  • Association: Yes

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo, Homeowners

Lot Info

  • Parcel Number: 01-41-37-057-0550

Rental Info

  • Pets Allowed: Restrictions Or Possible Restrictions

Tax Info

  • Tax Year: 2025
  • Tax Annual Amount: 3871

Map

About Flagler First Condo

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $3,659 $179,911 -- --
2024 $3,307 $163,556 -- --
2023 $3,307 $148,688 $0 $0
2022 $2,850 $135,171 $0 $0
2021 $2,552 $117,540 $0 $0
2020 $2,764 $127,761 $0 $0
2019 $2,511 $115,100 $0 $0
2018 $2,594 $121,158 $0 $0
2017 $2,475 $114,300 $0 $0
2016 $2,524 $112,695 $0 $0
2015 $2,416 $102,450 $0 $0
2014 $2,325 $93,137 $0 $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/19/2025 11/19/25 For Sale $252,000 0.0% $404 / Sq Ft
07/22/2024 07/22/24 Rented $2,200 0.0% --
05/30/2024 05/30/24 For Rent $2,200 0.0% --
07/01/2023 07/01/23 Rented $2,200 0.0% --
05/30/2023 05/30/23 Under Contract -- -- --
05/18/2023 05/18/23 For Rent $2,200 0.0% --
12/20/2021 12/20/21 Sold $200,000 0.0% $321 / Sq Ft View Prior Sale
11/24/2021 11/24/21 Pending -- -- --
07/01/2021 07/01/21 For Sale $200,000 -- $321 / Sq Ft
Source: MIAMI REALTORS® MLS

Purchase History

Date Type Sale Price Title Company
Warranty Deed $200,000 Perez Abello Law Pllc
Warranty Deed $160,000 Peninsula Title Corp
Special Warranty Deed $106,000 Attorney
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $112,000 Adjustable Rate Mortgage/ARM
Source: Public Records

Source: MIAMI REALTORS® MLS

MLS Number: A11916979

MIAMI REALTORS® MLS

APN: 01-4137-057-0550

Florida Miami/Dade County Miami 33131 Downtown Miami

111 E Flagler St Unit 507, Miami, FL

For Sale

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MIAMI REALTORS® MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Nearby Homes
Listing Agent
Jose Izquierdo
Section Image
Grand Lion Real Estate Group LLC
(786) 398-5703