Steeve Cadeau
$499,000$510,0001 bd1 ba504 sqft$990 /sqft$4,847 /mo all-in ↓

159 NE 6 # 4508, Miami FL 33132, MIAMI, FL, 33132

Active130 days on marketListed Apr 2, 2026MLS #A11994751

Reduced $11KCondominiumNATIIVO

About this home

159 NE 6 # 4508, Miami FL 33132

Short term rental allowed! Unit can be rented 365 days a year. Welcome to your dream urban oasis in the heart of downtown Miami! This stunning 1 bedroom, 1 bath condo offers a spacious, modern layout with breathtaking panoramic views of the city skyline and Biscayne Bay. Nestled in a prime location, you'll be steps away from world class dining, shopping, and entertainment, the Miami Heat Stadium, Frost museum. Enjoy high end finishes, natural light streaming through floor to ceiling windows, and private balcony perfect for relaxing. Don't miss this rare opportunity to experience luxury living in one of Miami's most vibrant neighborhoods! Maintenance fee includes internet, cable, electricity, water, trash and insurance. The Seller will credit the maintenance fee the first year of purchase with the reduced fee of $900 per month to the Buyer.

Facts & features

The home at a glance

1

Bedrooms

1

Bathrooms

504

Sqft

2024

Year built

$990

Per sqft

Bay & Ocean View view

Inside

FlooringOther · Tile
InteriorLobby · Elevator
CoolingCentral Air
HeatingCentral

Outside & construction

ConstructionConcrete Block Construction
ViewBay · Ocean View
ParkingValet
ExteriorOpen Balcony

Community & fees

HOA fee$900/mo
Taxes (2025)$7,539/yr
PetsMore Than 20 Lbs

Utilities & systems

The numbers

What it really costs

Built from this home's actual numbers — the most recent property-tax bill on record and the real association fee — not generic estimates.

$4,847 /mo · 3.5% down FHA, 30-yr fixed at 6%

Principal & interest$2,938
FHA mortgage insurance (est.)$221
Property tax — 2025 actual bill$628
Condo fee — from the listing$900
Insurance (FL estimate)$160

The assumptions

Loan typeFHADown payment3.5% · $17,465Loan30-yr fixed at 6%Mortgage insuranceIncludedTaxesActual bill on recordInsuranceFlorida estimate

FHA is the default here because it gets you in the door with just 3.5% down. Switch to Conventional or VA below.

These numbers assume a generic buyer — your credit, down payment and loan program change them. Get the real quote in minutes:

Andrew Acosta

Andrew Acosta

Acosta Home Loans with PRMG · NMLS #1468866

Run your own numbers

Loan type
Down payment3.5% · $17,465
Interest rate6.00%
Loan term

Estimated payment

$4,847/mo

Principal & interest$2,938
FHA mortgage insurance (est.)$221
Property taxes (actual bill)$628
HOA / condo fee$900
Est. insurance$160

Includes FHA mortgage insurance and the financed 1.75% upfront premium. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.

Value check

Is the price right?

The internet’s favorite home-value number comes from a single automated model that has never seen the street, the finishes, or the view — which is why it routinely misses by tens of thousands of dollars. The edgeAI estimate combines multiple independent data sources with our team’s on-the-ground expertise in this exact market.

List $499K
$365KedgeAI estimate $490,957 · range $381K$628K$653K

vs edgeAI estimate

+1.6%

$/sqft vs Miami actives

$990 vs $513

Days on market

130 vs 66 typical

Where $990/sqft sits among the 400 Miami actives

158
105
54
29 · this home
19
35
$185–417$417–649$649–882$882–1114$1114–1346$1346+

The edgeAI estimate is a starting point, not an appraisal or a broker price opinion. It is generated from public records, listing data and market modeling, and is subject to change once a licensed real estate professional personally inspects the property. Condition, floor, view and lot are not fully captured by any model — ask us for a full comparative market analysis.

Where it sits

Inside Downtown

Map of 159 NE 6 # 4508, Miami FL 33132 inside its neighborhood boundary

Get to know Miami. See the full Miami guide →

Downtown — neighborhood snapshot

Population

24,316

Median age

38

Median income

$108,427

Median home value

$557,583

Avg household

2

Households w/ children

1,166

For the school run

Dade County School District

ElementaryFrederick R. Douglass Elementary★★★★★
District Instructional Center (Dic)
HighBooker T. Washington Senior High★★★★★
MiddleJose De Diego Middle School★★★★★
Instructional Center System Wide
Title I Migrant Education Program

School assignments and ratings via edgeAI — always verify with the district.

The numbers that matter

The Miami market

Seller’s marketLeans buyer18.3 months of inventoryBuyer’s market

$508K$590K

Miami median sold, yr/yr

97.6%

Sale-to-list ratio (12 mo)

35 of 400

Miami actives have cut their price

Median sold price, Miami, trailing 36 months (3-month rolling) · live MLS data.

This home is listed 22% above the MIAMI 33132 median. See the full Miami market guide →

Paper trail

This home's history

CurrentPrice reduced to $499,000 $11K
Apr 2, 2026Listed at $510,000 · 130 days on market since
2024Built · NATIIVO

Reality check

What actually sold near 159 NE 6 # 4508

Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.

601 NE 1st Ave # 3316, Miami FL 33132Sold · May ’26

$1,100,000

601 NE 1st Ave # 3316, Miami FL 33132 · same community

3 bd · 3 ba · 182 DOM

60 SW 13th St # 2001, Miami FL 33130Sold · Oct ’25

$380,000

60 SW 13th St # 2001, Miami FL 33130

1 bd · 1 ba · 585 sqft · $650/sqft · 72 DOM

1300 Brickell Bay Dr # 2400, Miami FL 33131Sold · Mar ’26

$370,000

1300 Brickell Bay Dr # 2400, Miami FL 33131

0 bd · 1 ba · 420 sqft · $881/sqft · 83 DOM

Closed-sale data from the MLS, last 12 months, selected for similarity in size and location. No two homes are identical — ask us for a full comparative analysis.

Your home team

The pros in your corner

Buying a home is two conversations — the home and the money. Here’s who handles each, side by side, already working together.

Steeve Cadeau

Your agent

Steeve Cadeau

REALTOR® · CENTURY 21 Edge

Tours, negotiation, and every question about 159 NE 6 # 4508 — start here.

Andrew Acosta

Your lender

Andrew Acosta

Acosta Home Loans with PRMG · NMLS #1468866

Pre-approval, rates, and the real monthly number for 159 NE 6 # 4508 — before you fall in love.

See it in person

Schedule a tour

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Straight answers

159 NE 6 # 4508 FAQs

What would the monthly payment be for 159 NE 6 # 4508, Miami FL 33132?+

With 3.5% down on a 30-year FHA loan at 6%, the all-in payment lands around $4,847/mo — principal and interest, the actual property-tax bill, the $900/mo association fee and typical Florida insurance. The payment calculator on this page lets you switch loan type (FHA, Conventional, VA) and adjust the down payment, rate and term.

How much are the HOA fees at 159 NE 6 # 4508, Miami FL 33132?+

The association fee works out to $900 per month. Ask us for the full association documents — they spell out exactly what the fee covers.

What are the property taxes on 159 NE 6 # 4508, Miami FL 33132?+

The most recent tax bill on record (2025) was $7,539. A new owner's bill can differ once the sale price resets the assessed value — we can walk you through what to expect.

Are pets allowed at 159 NE 6 # 4508, Miami FL 33132?+

The listing reports pets: More Than 20 Lbs. Communities often layer on breed or weight rules — we'll verify the specifics with the association before you commit.

How does the price compare to other homes in Miami?+

At $499,000, this home is listed about 18% below the Miami median of $610,000. The market section on this page shows how the area is trending.

Which schools are assigned to 159 NE 6 # 4508, Miami FL 33132?+

Frederick R. Douglass Elementary (elementary), District Instructional Center (Dic) (), Booker T. Washington Senior High (high), Jose De Diego Middle School (middle), Instructional Center System Wide (), Title I Migrant Education Program () — Dade County School District. Always verify school assignments with the district before relying on them.

The brief

Four things that matter here

01Positioned at the premium end

$499,000 runs 22% above the MIAMI 33132 median.

02Bay & Ocean View views

The bay and ocean view view is part of what you're buying — views hold value independently of the structure.

03Know the monthly fee

The association fee is $900/mo. That usually buys real services — verify what's covered before comparing this home against fee-free alternatives.

04The price has already moved

Listed at $510,000, now $499,000 — a $11K cut. The full history is in the market section below.

Listing courtesy of Ferrarri International Realty · Doanh Pham. MLS #A11994751.

IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by Miami Association of REALTORS®.

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