$240,000
850 N MIAMI Avenue W-505
Explore the area: Miami homes for sale · Miami Dade County real estate
Price Check
How this price compares
- List price
- $240,000
- Price per sq ft
- $348
- Vs. nearby sales
- 3% above
- Days on market
- 25
This 1-bedroom condo in Madison Downtown Condo is listed at $240,000, or $348 per square foot. It has been on the market for 25 days. The 6 most recent condo sales in the closings shown below sold at a median of $338 per square foot, so the asking price is 3% above what comparable homes here actually sold for.
Estimated monthly payment
$1,261 /mo
Principal and interest only, based on $48,000 down (20%), a 6.875% 30-year fixed rate. Property taxes, homeowners insurance, and the $699/mo HOA are not included.
Customize this estimateListing Snapshot
- Price
- $240,000
- Days on Site
- 25 Days
- Bedrooms
- 1
- Total Baths
- 1
- Full Baths
- 1
- Partial Baths
- 0
- Living Area
- 689 sqft
- Total Sq Ft
- 689 sqft
- Year Built
- 1989
- Property Type
- Condo
- MLS #
- B26072215
- Property Tax
- $3,949 (2025)
- HOA Fees
- $699 / Monthly
- Subdivision
- MADISON DOWNTOWN CONDO
- Development
- MADISON
- County
- Miami Dade
- Status
- Active
- Special Conditions
- Standard / Listed As Is
About This Property
Welcome to the Madison downtown Miami towers in the middle of everything.This is a 1/1 with sf689 with large balcony on the 5th floor.it has new window and sliding door and new water heater and all new water lines.this is a guarded community and secured building,comes with an assigned covered parking space.Building comes with guarded entrance,pool,gym,tennis court,part room etc.currently apt has a long term (3 years)great tenant in place and would like to stay.This wont last long.Will need to make an appointment to show
Virtual TourGeneral Features
- Property Type
- Condo
- Status
- Active
- Year Built
- 1989
- Property Condition
- Resale
- Number of Stories
- 25
- Levels
- One
- Garage Spaces
- 1
- Parking
- Assigned / Covered / Detached / Garage
- Direction Faces
- North
- Lot Size (Acres)
- 0
- Living Sq Ft
- 689
- Total Sq Ft
- 689
- Structure Type
- Multi Family
- Sewer
- Public Sewer
- Water Source
- Public
- Zoning
- 6412
Interior Features
- Appliances
- Dishwasher / Electric Water Heater / Disposal / Oven / Water Heater
- Cooling
- Central Air
- Heating
- Central
- Flooring
- Laminate
- Interior Features
- Other
- Laundry
- Common Area
- Main Level Bedrooms
- 1
- Main Level Baths
- 1
- Total Rooms
- 3
Exterior Features
- Construction
- Concrete / Stucco
- Roof
- Other
- Pool Features
- Heated
Community & HOA
- HOA Fee
- $699 / Monthly
- HOA Includes
- Common Areas / Insurance / Pools / Reserve Fund / Roof / Sewer / Security / Trash / Water
- Association Amenities
- Bike Storage / Business Center / Fitness Center / Laundry / Pool / Elevators
- Utilities
- Electricity Connected
- Pets Allowed
- Pet Restrictions / Yes
- Financing Terms
- Cash
- Restrictions
- No Truck / Ok To Lease / Rental Restriction
- MLS Area
- 2120
This home's HOA fee works out to $699 a month, 24% below the $921 median across 12 homes for sale in Madison Downtown Condo. See Madison Downtown Condo HOA fees
Schools
- Elementary School
- Frederick Douglass
- Middle School
- Jose De Diego
- High School
- Booker T. Washington
About the Community
Madison Downtown Condo is a community in Miami, Miami-Dade County, Florida. Active listings are priced from $309,900 to $349,000. Homes were built starting 1989. Pure Equity lists homes in Madison Downtown and represents buyers. Commission is negotiable, and what we are paid is agreed with you in writing before you commit to anything.
- Homes for Sale
- 12
- Median List Price
- $304,500
- Median $/Sq Ft
- $355
- Avg Days on Market
- 258
Frequently Asked Questions
- How do I schedule a tour of 850 N MIAMI Avenue W-505, Miami, FL 33136?
- Use the Tour button on this listing to request a showing of 850 N MIAMI Avenue W-505, Miami, FL 33136. Pick a day and time and choose an in-person or video-chat tour, and a Pure Equity agent will confirm your visit, often the same day.
- Is 850 N MIAMI Avenue W-505, Miami, FL 33136 still available?
- 850 N MIAMI Avenue W-505, Miami, FL 33136 is currently listed as Active, and has been on the market 25 days. Status updates directly from the MLS as homes go under contract, so ask us to confirm availability before you plan a visit.
- How much is the monthly payment for 850 N MIAMI Avenue W-505, Miami, FL 33136?
- With 20% down ($48,000) on the $240,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 850 N MIAMI Avenue W-505, Miami, FL 33136 is about $1,261/mo, before property taxes, insurance, and HOA dues. Use the payment estimate on this page to adjust the down payment and rate.
- How do I get pre-approved to buy 850 N MIAMI Avenue W-505, Miami, FL 33136?
- Getting pre-approved shows sellers you're a serious buyer and clarifies your true budget before you offer on 850 N MIAMI Avenue W-505, Miami, FL 33136. Contact Pure Equity and we'll connect you with a trusted local lender to review your financing options, no obligation.
- Does 850 N MIAMI Avenue W-505, Miami, FL 33136 have an HOA fee?
- Yes: 850 N MIAMI Avenue W-505, Miami, FL 33136 carries an HOA fee of about $699 monthly. HOA dues usually cover community amenities and shared maintenance; ask us for the current budget, rules, and exactly what's included.
- What schools serve 850 N MIAMI Avenue W-505, Miami, FL 33136?
- 850 N MIAMI Avenue W-505, Miami, FL 33136 is zoned for Frederick Douglass (elementary), Jose De Diego (middle), Booker T. Washington (high). School assignments and boundaries can change year to year, so confirm current zoning with the local school district before you buy.
- Can I negotiate the price of 850 N MIAMI Avenue W-505, Miami, FL 33136?
- Often, yes. The right offer on 850 N MIAMI Avenue W-505, Miami, FL 33136 depends on how it's priced against comparable condo sales in Miami, how long it's been listed, and how motivated the seller is. Pure Equity will run the comps and help you craft a competitive, well-supported offer.
Listing courtesy of Blue Lighthouse Realty, INC
Listing information is provided by BeachesMLS, Inc.and is deemed reliable but not guaranteed accurate by the MLS or Pure Equity. Information is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. © 2026 BeachesMLS, Inc. Last updated September 4, 2026.
$240,000
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Listed by Jorge A Zea, Blue Lighthouse Realty, INC
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Recent Sales
Recently sold homes in Madison Downtown Condo
These are the last 6 recorded closings in Madison Downtown Condo, with the price each home actually sold for rather than what it was listed at. They closed at a median of $341 per square foot. The most recent closed on August 31, 2026. Closed sales are what an appraiser and a buyer's agent will look at, so they are the starting point for pricing a home here.
Sold$250,000
Sold · August 31, 2026
800 N Miami Avenue E-609
2 bed · 2 bath · 914 sqft · $274/sqft
$55,000 under the asking price
Sold$320,000
Sold · July 21, 2026
850 N Miami Avenue W2003
2 bed · 2 bath · 914 sqft · $350/sqft
$30,000 under the asking price
Sold$300,000
Sold · July 14, 2026
850 N Miami Avenue W1903
2 bed · 2 bath · 914 sqft · $328/sqft
$49,000 under the asking price
Sold$235,000
Sold · June 22, 2026
850 N Miami Avenue W605
1 bed · 1 bath · 689 sqft · $341/sqft
Sold$305,000
Sold · February 18, 2026
850 N Miami Avenue W-1804
2 bed · 2 bath · 914 sqft · $334/sqft
$4,900 under the asking price
Sold$218,900
Sold · December 9, 2025
800 N Miami Avenue E-1201
1 bed · 1 bath · 593 sqft · $369/sqft
$10,600 under the asking price
See every recorded sale in Madison Downtown Condo or find out what your Madison Downtown Condo home is worth.
