For sale

Price cut: $16K (8/18)

$199,000

7516 NE 1st Ave #203, Miami, FL 33138

2beds

940sqft

$2,000/mo

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Condominium

Built in 2007

-- sqft lot

$187,900 Zestimate^®

$212/sqft

$560/mo HOA

What's special

Private gated communityHigh ceilingsLots of storage spacesLaundry inside unitCorner unitUpdated kitchens and baths

Excellent 2 BR / 2 BA condo in La Terrasse, kept in pristine condition by its original owners since 2007. This 2nd-floor corner-style feel unit offers 940 SqFt of living space, in a private gated community with laundry inside unit, balcony, lots of storage spaces, walk in closet, high ceilings, updated kitchens and baths, corner unit with 1 assigned parking space. Situated in one of Miami's most exciting growing neighborhoods, you are just minutes away from the trendy Little River Warehouse District—a vibrant hotspot for foodies and creatives packed with new restaurants and design studios. Great opportunity for primary buyers or investors looking for rapid appreciation. No rental restrictions. Short term rentals allowed. Please see attached condo docs

53 days
620
59

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 2
Bathrooms: 2
Full bathrooms: 2

Heating

Electric

Cooling

Ceiling Fan(s), Central Air

Appliances

Included: Electric Range, Refrigerator, Washer

Features

Walk-In Closet(s)
Flooring: Tile

Interior area

Total structure area: 940
Total interior livable area: 940 sqft

Video & virtual tour

View virtual tour

Property

Parking

Parking features: 1 Space

Features

Entry location: Second Floor Entry
Exterior features: Other, Balcony
Fencing: Fenced
Has view: Yes
View description: Garden

Details

Parcel number: 0131121110080

Construction

Type & style

Home type: Condo
Property subtype: Condominium
Attached to another structure: Yes

Materials

CBS Construction

Condition

Year built: 2007

Community & HOA

Community

Security: Complex Fenced
Application fee: $150
Subdivision: Le Terrace Condo

HOA

Has HOA: Yes
Amenities included: Exterior Lighting, None
HOA fee: $560 monthly

Location

Region: Miami

Financial & listing details

Price per square foot: $212/sqft
Tax assessed value: $163,640
Annual tax amount: $272
Date on market: 7/16/2026
Listing terms: All Cash,Conventional

Estimated market value

$187,900

$179,000 - $197,000

$2,536/mo

Price history

Date	Event	Price
8/18/2026	Price change	$199,000-7.4%$212/sqft
Source: MIAMI #A12054756 Report a problem
7/19/2026	Listed for sale	$215,000+59.3%$229/sqft
Source: MIAMI #A12054756 Report a problem
9/11/2008	Sold	$135,000$144/sqft
Source: MIAMI #D1207046 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$272 +8.4%	$38,590 +2.9%
2024	$250 +6.8%	$37,503 +3%
2023	$235 +9.9%	$36,411 +3%
2022	$213 +7.7%	$35,351 +3%
2021	$198 +5.1%	$34,322 +1.4%
2020	$188 +9.2%	$33,849 +2.3%
2019	$173 +10.3%	$33,088 +1.9%
2018	$157	$32,472 +2.1%
2017	$157 +8.6%	$31,805 +2.1%
2016	$144 +9.2%	$31,151 +0.7%
2015	$132 +2.3%	$30,935 +0.8%
2014	$129 +0.4%	$30,690
2013	$129	$30,690
2012	$129 -0.7%	$30,690
2011	$129 -81.5%	$30,690 -50%
2010	$699 -50.1%	$61,380 -40%
2009	$1,402	$102,300