111 E Flagler St # 507, Miami FL 33131, Miami
$232,000
Miami, FL, 33131
Property details
- Bedrooms
- 1
- Bathrooms
- 1
- Living area
- 623 sqft
- Year built
- 1951
- Type
- Condominium
- Association fee
- $686 / monthly
- Days on market
- 165
- MLS #
- A11916979
Listing courtesy of Grand Lion Real Estate Group LLC · 305-766-5979. Listing agent: Jose Izquierdo. MLS data last updated 2026-06-11.
Description
Great investment opportunity in the heart of Downtown Miami! This 1-bedroom, 1-bath condo in the historic, protected Flagler First building is rented at $2,200/month through July 2026, making it perfect for investors. A true gem, ideally located steps from Bayside Marketplace, Whole Foods, Kaseya Center, Julia & Henry's Food Hall, and Miami Dade College, with easy access to the Metrorail. Downtown Miami is growing and transforming, making this unit a solid asset poised to appreciate as the neighborhood modernizes. Nearby parking options add convenience for residents and visitors. Don’t miss this rare opportunity in a prime location!
111 E Flagler St # 507, Miami FL 33131, Miami — for sale, listed for $232,000 (1 bed, 1 bath, 623 sqft).
$372/sqft · 1% percentile · based on 292 1-bed listings for sale in 33131 (median $662/sqft).
Observed price & status history
Asking price reduced from $252,000 to $232,000.
Availability in FLAGLER FIRST CONDO
13 listings are currently active in this building across 12 distinct units (11 × 1-bed, 2 × 2-bed).
n=13 · 2026-07-25 · Methodology
About FLAGLER FIRST CONDO
FLAGLER FIRST CONDO: built 1951; current sale asking prices $229,000–$309,000; current rents $2,000–$2,350; association fees $644–$975/month.
How is this priced?
At $372 per square foot, this listing sits at the 1% percentile of the 292 comparable 1-bed listings for sale in 33131 on the market right now.
The current median for that group is $662/sqft, so this asking price is below the middle of its market.
n=292 · 2026-07-25 · Methodology
ZIP vs city price level
Active listings like this in ZIP 33131 show a median asking $662/sqft — 19.7% above the Miami median asking of $553/sqft.
n=292 · 2026-07-25 · Methodology
Run the numbers
Local market report
Time on market
This listing has been on the market 165 days; the median across 296 1-bed listings for sale in 33131 is 83 days.
n=296 · 2026-07-25 · Methodology
Market intelligence recomputed weekly from the full live MLS feed · 2026-07-25 · Methodology
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