Condo in Miami, FL 33130
RioPlaza, 546 SW 1st St #611

$220K12.3%
$193,000
1
Beds
1
Baths
605
SqFt
Status
Backup
A backup offer is when a home seller has accepted an offer from a buyer, but is still accepting offers from other buyers. Sellers state that they are accepting backup offers if they think the current offer may fall through.
Parking
1
Size
605 SqFt (56 m2)
Price
$319/SqFt ($3,434/m2)
Type
Condo
Built
1988
HOA
$205/MO
MLS Number
A11789786
View
City
On Site
508 Days
Updated
6 Days ago
Page Views
0
CASH ONLY | INVESTOR OPPORTUNITY! Turnkey 1-bedroom, 1-bath condo featuring downtown views, a private balcony, gated entry, and assigned parking. Low HOA dues of approximately $205/month and annual property taxes of approximately $2,500. Projected cap rate of 10%+, offering high income and ROI potential. Seller may contribute toward buyer’s closing costs with an acceptable offer. Schedule your showing today! ----BEST BANG FOR YOUR BUCK! Hands down.

Features

Bedrooms
  • Bedrooms: 1
Bathrooms
  • Bathrooms: 1
  • Half Bathrooms: No info
Exterior and Lot Features
  • Exterior Features: Fence
  • View: City
Interior, Heating and Cooling
  • Interior Features: BedroomOnMainLevel, FirstFloorEntry, Elevator
  • Equipment / Appliances: ElectricRange, Refrigerator
  • Heating Description: Electric
  • Cooling Description: CentralAir
Building and Construction
  • Floor Description: CeramicTile
  • Year Built: 1988
  • Year Built Description: Effective Year Built
  • Style: Other
Waterfront and Water Access
  • Waterfront Frontage: No info
School Information
    Other Property Info
    • Garage: 1
    • Listing Date: 2025-04-25T12:34:17.000-00:00
    • Directions: North
    • Pets Allowed: Conditional,Yes
    Taxes, Fees & More
    • Maintenance Includes: AssociationManagement, Laundry, MaintenanceGrounds, MaintenanceStructure, Sewer, Trash, Water
    • Taxes: 2469
    • Security Information: ComplexFenced, SecuredGarageParking, FireSprinklerSystem, SmokeDetectors
    • Parking Description: OneSpace, GarageDoorOpener
    • Total Floors in Building: 6

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    Price History

    Current
    $193K
    High
    $220K
    Low
    $193K
    Total Change
    -12.3%
    $223K$207K$190KApr 25May 25Dec 25Dec 25Jun 26Jun 26Jun 26Aug 26
    Date
    Event
    Price
    Change
    Price Per
    08/12/2026
    Price Reduced
    $193K
    -1.03%
    $319 ft2
    $3,434 m2
    06/25/2026
    Price Reduced
    $195K
    -0.51%
    $322 ft2
    $3,469 m2
    06/17/2026
    Price Reduced
    $196K
    0%
    $324 ft2
    $3,487 m2
    06/17/2026
    Price Increased
    $196K
    0.51%
    $324 ft2
    $3,487 m2
    12/12/2025
    Price Reduced
    $195K
    0%
    $322 ft2
    $3,469 m2
    12/12/2025
    Price Reduced
    $195K
    -9.3%
    $322 ft2
    $3,469 m2
    05/29/2025
    Price Reduced
    $215K
    -2.27%
    $355 ft2
    $3,825 m2
    04/23/2025
    Listed
    $220K
     
    $364 ft2
    $3,914 m2
    08/12/2026
    $193K
    Event
    Price Reduced
    Change
    -1.03%
    Price Per
    $319 ft2
    $3,434 m2
    06/25/2026
    $195K
    Event
    Price Reduced
    Change
    -0.51%
    Price Per
    $322 ft2
    $3,469 m2
    06/17/2026
    $196K
    Event
    Price Reduced
    Change
    0%
    Price Per
    $324 ft2
    $3,487 m2
    06/17/2026
    $196K
    Event
    Price Increased
    Change
    0.51%
    Price Per
    $324 ft2
    $3,487 m2
    12/12/2025
    $195K
    Event
    Price Reduced
    Change
    0%
    Price Per
    $322 ft2
    $3,469 m2
    12/12/2025
    $195K
    Event
    Price Reduced
    Change
    -9.3%
    Price Per
    $322 ft2
    $3,469 m2
    05/29/2025
    $215K
    Event
    Price Reduced
    Change
    -2.27%
    Price Per
    $355 ft2
    $3,825 m2
    04/23/2025
    $220K
    Event
    Listed
    Price Per
    $364 ft2
    $3,914 m2
    Price per square foot and days on website are not provided values and are calculated by Subdivisions.
    Listed by Erick EskelsenLuxe Properties • Buyer Agency Compensation .

    Listing Location & Street View
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    Scores

    Walk Score®
    Very Walkable. Most errands can be accomplished on foot
    85

    100
    Transit Score®
    Rider's Paradise. World-class public transportation
    94

    100
    Bike Score®
    Bikeable. Some bike infrastructure
    69

    100
    Sound Score®
    Very loud
    66

    100
    Airport Score
    Close to airports. Noticeable airport activity
    0

    100
    Traffic Score
    Congested area. Frequent traffic delays
    44

    100
    Local Score
    Limited local amenities nearby
    3

    100
    Community Snapshot
    1 – 1 BR
    Bedrooms
    $193K – $193K
    Price Tier
    603 - 1,213
    SqFt Range
    1988
    Year Build
    6
    Total Floors

    Subdivision Amenities

    Elevators
    Laundry
    None
    Trash

    Miami
    Entry-Level
    Entry-Level Homes & Condos