For sale

$199,500

7516 NE 1 Avenue #302, Miami, FL 33138

1beds

720sqft

$1,919/mo

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Condominium

Built in 2007

-- sqft lot

$190,200 Zestimate^®

$277/sqft

$461/mo HOA

What's special

Private balconyAbundant natural lightDesirable south-facing exposureStunning downtown skyline viewBright and inviting atmosphereIn-unit washer and dryerCentral air

# Updated Description Welcome to this beautifully fully renovated 1-bedroom, 1-bathroom condo in the heart of Miami — perfect for investors or buyers looking to live in a move-in-ready home. Located on the 3rd floor with a desirable south-facing exposure, the unit is filled with abundant natural light, creating a bright and inviting atmosphere throughout the day. The spacious living area opens to a private balcony, while the bedroom features a stunning downtown skyline view, ideal for morning sunrises and vibrant city nights. The modern kitchen is equipped with stainless steel appliances, and the unit includes central air, a smart A/C thermostat, and an in-unit washer and dryer for added convenience. The bedroom offers a large walk-in closet, and the recent renovation delivers a clean, co

21 days
376
40

Likely to sell faster than

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 1
Bathrooms: 1
Full bathrooms: 1
Main level bathrooms: 1
Main level bedrooms: 1

Laundry

Level: Main

Heating

Central

Cooling

Central Air

Appliances

Included: Dryer, Dishwasher, Electric Range, Electric Water Heater, Microwave, Refrigerator, Water Heater, Washer
Laundry: Inside, Laundry Closet, In Unit, Washer Dryer Install Allowed

Features

Bedroom on Main Level, Breakfast Area, Living/Dining Room, Pantry, Storage, Tub Shower, Bar, Walk-In Closet(s)
Flooring: Vinyl
Windows: Other
Has fireplace: No

Interior area

Total structure area: 720
Total interior livable area: 720 sqft

Video & virtual tour

View virtual tour

Property

Parking

Total spaces: 1
Parking features: Assigned, Open
Uncovered spaces: 1

Accessibility

Accessibility features: None

Features

Levels: One
Stories: 1
Entry location: Third Floor Entry
Patio & porch: Open, Patio, Balcony
Exterior features: Balcony, Courtyard, Lighting, Outdoor Living Area, Other, Uncovered Courtyard
Fencing: Fenced
Has view: Yes
View description: Garden, Other
Waterfront features: None

Lot

Features: Fruit Trees

Details

Parcel number: 0131121110060
Zoning: 4600
Special conditions: Standard,Listed As-Is

Construction

Type & style

Home type: Condo
Property subtype: Condominium

Materials

Brick, Block
Foundation: Slab
Roof: Flat

Condition

Resale,Updated/Remodeled
New construction: No
Year built: 2007

Utilities & green energy

Sewer: Public Sewer
Water: Public
Utilities for property: Cable Available, Electricity Available, Sewer Available, Water Available

Community & HOA

Community

Features: Gated
Security: Gated Community, Smoke Detector(s), Security Fence
Subdivision: LE TERRACE CONDO

HOA

Has HOA: Yes
Amenities included: Other, Parking
Services included: Common Areas, Insurance, Maintenance Grounds, Maintenance Structure, Reserve Fund, Sewer, Trash, Water
HOA fee: $461 monthly
HOA name: LE TERRACE CONDOMINIUM ASSOCIATION, INC.
HOA phone: 305-762-4333

Location

Region: Miami

Financial & listing details

Price per square foot: $277/sqft
Tax assessed value: $105,105
Annual tax amount: $2,106
Date on market: 8/20/2026
Cumulative days on market: 175 days
Listing terms: Cash,Conventional,FHA
Electric utility on property: Yes

Estimated market value

$190,200

$181,000 - $200,000

$1,801/mo

Price history

Date	Event	Price
7/21/2026	Listing removed	$2,000$3/sqft
Source: MIAMI #F10546456 Report a problem
1/26/2026	Listed for sale	$199,500+27.9%$277/sqft
Source: BeachesMLS #F10548465 Report a problem
1/20/2026	Listed for rent	$2,000$3/sqft
Source: BeachesMLS #F10546456 Report a problem
1/7/2026	Sold	$156,000-3.1%$217/sqft
Source: MIAMI #A11864283 Report a problem
12/10/2025	Pending sale	$161,000$224/sqft
Source: MIAMI #A11864283 Report a problem
12/5/2025	Price change	$161,000-8%$224/sqft
Source: MIAMI #A11864283 Report a problem
11/22/2025	Price change	$175,000+16.7%$243/sqft
Source: MIAMI #A11864283 Report a problem
9/9/2025	Price change	$150,000-14.3%$208/sqft
Source: MIAMI #A11864283 Report a problem
8/24/2025	Price change	$175,000+16.7%$243/sqft
Source: MIAMI #A11864283 Report a problem
8/23/2025	Listing removed	$2,000$3/sqft
Source: MIAMI #A11839130 Report a problem
8/23/2025	Listed for sale	$150,000+20%$208/sqft
Source: MIAMI #A11864283 Report a problem
7/12/2025	Listed for rent	$2,000$3/sqft
Source: MIAMI #A11839130 Report a problem
7/14/2023	Listing removed	--
Source: MIAMI #A11413317 Report a problem
7/4/2023	Listed for rent	$2,000$3/sqft
Source: MIAMI #A11413317 Report a problem
1/31/2023	Sold	$125,000-32.4%$174/sqft
Source: BeachesMLS #R10834820 Report a problem
1/27/2023	Contingent	$185,000$257/sqft
Source: BeachesMLS #RX-10834820 Report a problem
12/9/2022	Listed for sale	$185,000$257/sqft
Source: BeachesMLS #RX-10834820 Report a problem
11/5/2022	Contingent	$185,000$257/sqft
Source: BeachesMLS #RX-10834820 Report a problem
10/14/2022	Price change	$185,000-11.9%$257/sqft
Source: BeachesMLS #RX-10834820 Report a problem
9/27/2022	Listed for sale	$210,000+46.9%$292/sqft
Source: BeachesMLS #RX-10834820 Report a problem
10/1/2007	Sold	$143,000$199/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$2,101 -0.2%	$105,105
2024	$2,106 +1688.8%	$105,105 +242.1%
2023	$118 +18.1%	$30,727 +3%
2022	$100 +18.3%	$29,833 +3%
2021	$84 +10.9%	$28,965 +1.4%
2020	$76 +21.7%	$28,566 +2.3%
2019	$62 +24%	$27,924 +1.9%
2018	$50	$27,404 +2.1%
2017	$50 +29.1%	$26,841 +2.1%
2016	$39 +58.4%	$26,289 +0.7%
2015	$25 +20.7%	$26,107 +0.8%
2014	$20 +0.3%	$25,900
2013	$20	$25,900
2012	$20 -0.7%	$25,900
2011	$20 -96.7%	$25,900 -50%
2010	$620 -40.1%	$51,790 -40%
2009	$1,035	$86,310