Luxury townhome — 521 NE 61st Street · Lc Whites · Miami
South Florida Luxury Living
Property Magazine
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A magazine dedicated to 521 NE 61st Street, Miami, FL 33137
A photo-rich, always-current edition with the home’s details, neighborhood lifestyle, assigned and nearby schools, ownership planning, and applicable waterfront guidance.
Open property magazine$1,000,000
521 NE 61st Street, Miami, FL 33137
Miami, FL, 33137
Listed by Keller Williams Capital Realty
521 NE 61st Street, Miami, FL 33137
Listed by Keller Williams Capital Realty
Add this home to your tour day
Pick up to 6 homes. Simon confirms times with each listing agent, then sends you the final schedule.
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Know your costs before you buy
Work through three numbers: your estimated monthly payment, the cash needed at closing, and insurance & flood.
Estimated Monthly Payment
20% down · 6.75% interest · 30-year loan
Principal, interest, taxes and insurance, HOA. Property Tax (after sale). Estimated; not a lender quote.
- Principal & interest
- $5,189/mo
- Property tax (after sale) est.
- $1,666/mo
- Insurance included in HOA
- $0/mo
- HOA
- $690/mo
Estimate only, not guaranteed. Verify before you buy or sell.
Cash to close
521 NE 61st Street, Miami, FL 33137
Estimated cash to close est.
$217,281.33
Down payment plus Florida taxes, title, lender and prepaid costs.
Partial estimate: unknown amounts are excluded. Ask Simon to verify them.
Estimate only. Your lender's Loan Estimate and the title company's closing disclosure are the final numbers. Not financial advice.
Estimate only, not guaranteed. Verify before you buy or sell.
Loan amount (calculated): $800,000.00
Current site planning rate. Rate does not change the taxes or fees below. Prepaid interest is not included.
Edit closing costs & prepaids
Assumes both policies cover identical land and dates, with loan coverage within owner coverage—even if the seller pays owner title. Minimum lender premium $25. Turn off if not eligible. Endorsement allowance defaults to one $25 endorsement; actual requirements and premiums vary (Florida 69O-186.005).
Appraisal starts at $650. Waterfront and luxury homes may require a higher fee; confirm with your lender.
Tax uses existing ZIP estimates (after sale); insurance uses existing site estimates. Edit with your quote. If HOA insurance is included, confirm separate unit-owner coverage. Missing HOA costs are excluded—not assumed zero.
Estimated cash to close est.
$217,281.33
- Down payment est.
- $200,000.00
- Mortgage note documentary stamps est.
- $2,800.00
- Mortgage intangible tax est.
- $1,600.00
- Lender’s title insurance est.
- $25.00
- Lender title endorsements est.
- $25.00
- Lender fees est.
- $1,500.00
- Appraisal est.
- $650.00
- Owner’s title insurance est.
- $5,075.00
- Title search & examination est.
- $125.00
- Municipal lien search est.
- $150.00
- Settlement / closing fee est.
- $450.00
- County recording (deed) est.
- $30.00
- County recording (mortgage) est.
- $120.00
- Inspection, wind mitigation & 4-point est.
- $900.00
- Survey est.
- $500.00
- Property tax escrow (2 months, after sale) est.
- $3,331.33
- Insurance escrow (2 months) est.
- $0.00
- First-year insurance premium est.
- $0.00
- HOA / condo contribution or transfer est.
- Not provided
Partial estimate: unknown amounts are excluded. Ask Simon to verify them.
Mortgage stamps: $0.35 per $100 or fraction. Intangible tax: 0.2% of loan. Title uses Florida 69O-186.003 base rates. Assumes 2 months of tax/insurance escrow for financed purchases plus first-year insurance; cash purchases have no lender escrow.
Before deposits and credits. Prepaid interest and other contract costs are not included. Discounts and title endorsements must be confirmed by the title company. Title search, municipal lien search, settlement and recording are pass-through title company charges for cash and financed buyers alike; the municipal lien search is priced by each city and can run higher (e.g. Boca Raton $150, Coral Gables $220).
Estimate only. Your lender's Loan Estimate and the title company's closing disclosure are the final numbers. Not financial advice.
Estimate only, not guaranteed. Verify before you buy or sell.
Insurance & flood
- Flood zone (FEMA)
- Zone AE Coastal FloodplainFlood insurance required
- Homeowners insurance est.
- $0 / month
Flood insurance is required with a federally backed mortgage (FHA, VA, USDA, or a conventional loan from a federally regulated lender). The monthly insurance estimate above does not include flood insurance — see "Show details" for the flood rules and the official FEMA map.
Source: FEMA National Flood Hazard Layer · Date checked: Oct 22, 2026
Insurance estimates vary widely. Get a real quote before you make an offer.
Estimate only, not guaranteed. Verify before you buy or sell.
Flood zone: AE
High-risk mapped flood area (1% annual chance of flooding).
Source: FEMA National Flood Hazard Layer · Date checked: Oct 22, 2026
- Roof type
- Not provided —
- Roof year
- 2026 (assumed from year built)
- Impact windows / doors
- Impact Glass (Partial)
- Shutters
- Not provided —
- Window features
- Impact Glass (Partial)
- Year built
- 2026
Homeowners insurance: $0 / month est.
Association insurance is included in the stated HOA fee. Confirm separate unit-owner coverage with an insurance agent.
Special Flood Hazard Area. With a federally backed mortgage (FHA, VA, USDA, or a conventional loan from a federally regulated lender), flood insurance is required.
The FEMA map is a strong indication, not the final answer: your lender orders its own flood zone determination. Cash buyers are not required to carry flood insurance, but on the water it is strongly recommended.
Florida rule: by 2027, Citizens policyholders must carry flood insurance even outside a flood zone, unless the Citizens policy excludes wind coverage. The FEMA map does not show this.
How flood insurance is priced (FEMA Risk Rating 2.0)
Flood insurance is priced home by home, so two neighbors on the same canal can pay very different amounts. Premiums depend on the home's elevation (first-floor height above the expected flood level), distance to water (ocean, Intracoastal, canal or river), the type of flood risk (storm surge, heavy rain or river overflow), the cost to rebuild, the foundation and construction type, and past flood claims on the property.
Federal flood insurance (NFIP) pays at most $250,000 for the building and $100,000 for contents. A luxury waterfront home needs private flood insurance or an "excess flood" policy on top.
Before an offer: pull the official FEMA flood map (FIRMette), ask the seller for an elevation certificate (it largely decides the price), ask whether the seller's existing NFIP policy can be transferred to you (sometimes at a lower rate), and have an insurance agent check prior flood claims (CLUE report). New NFIP policies usually have a 30-day wait before they take effect — don't leave it until the week of closing.
Insurance estimates vary widely. Get a real quote before you make an offer.
Estimate only, not guaranteed. Verify before you buy or sell.
About This Property
Find similar homesDiscover The Bennet, a boutique collection of 15 brand new never occupied townhomes set in the heart of Miami’s iconic MiMo District. ONLY 2 LEFT!! Enter your x-large 2 car garage & enjoy your over 2200 TSFT 3 BR, 3 full bath with soaring 12ft ceilings filled with natural light pouring in. Italian inspired luxury quality exodes with wood-like porcelain tile floors, quartz counters, marble backsplash and accents in all baths. Soundproof impact glass, stainless steel appliances & washer / dryer included. Entertain on your huge rooftop terrace while enjoying the luscious sunrise & sunsets! The Bennet isn’t just a residence—it’s a statement of style, luxury, & modern elegance. Surrounded by world-class dining, boutique shopping, & the city’s creative energy. VERY LOW HOA FEES, less than $700 / month!! Please ask us about the 3-2-1 approved lender buydown. Meaning you get an interest rate as low as 3.5% with a monthly payment probably lower that what you're paying in rent!! Model is fully furnished and we can show you 1 more. Would you prefer a unit with 3 balconies or a stunning rooftop? On Zillow, scroll down to "facts & features", click on "show more", then click "View virtual tour" for your Virtual Interactive Lifestyle Concierge! Ask anything. Explore everything. Buyer agrees to use the Bennet approved lender & title companies in order to provide a smooth closing experience. Priced $100,000 under appraised value! DEVELOPER CLOSE-OUT! No STR or AIRBNB allowed. Pets allowed.
Property Details
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521 NE 61st Street, Miami, FL 33137 · Miami
Location
521 NE 61st Street, Miami, FL 33137
What buyers ask about this home
What are the estimated monthly carrying costs at 521 NE 61st Street, Miami, FL 33137?+
Property tax (after sale): $1,666/month est.; homeowners insurance: $0/month est.; HOA: $690/month. Fixed ownership costs before a mortgage: $2,356/month est. Principal and interest: $5,189/month; PMI: $0/month. Total for the payment scenario shown: $7,544/month est. Flood insurance is not included. Estimate only, not guaranteed. Verify before you buy or sell.
Will property taxes go up after I buy 521 NE 61st Street, Miami, FL 33137?+
Usually yes. In Florida the assessed value resets to market value in the year after a sale, so the seller's current tax bill is rarely what a new owner pays. Budget roughly 1.8–2.0% of the purchase price annually until you file for homestead exemption and the Save Our Homes cap (or the 10% non-homestead cap) starts limiting increases.
Does 521 NE 61st Street, Miami, FL 33137 need flood insurance, and what drives the premium?+
Most of Miami sits in a FEMA flood zone, and lenders require flood coverage in high-risk zones. Premiums are driven by elevation certificate, flood zone, roof age and shape, and whether the home has impact windows or accordion shutters. Ask for the current declarations page, the four-point inspection and wind mitigation report early — they set your real cost of ownership.
What should I check about the association before buying 521 NE 61st Street, Miami, FL 33137?+
For a Florida condo, review the milestone structural inspection and the Structural Integrity Reserve Study, current reserve balances, any pending or recently voted special assessment, the association's insurance and its litigation history. Ask how many units are owner-occupied and whether the lender will approve the building — a poorly funded association is the single biggest hidden cost in a condo purchase.
Can 521 NE 61st Street, Miami, FL 33137 be rented out?+
Rental rules are set by the association's documents, not the MLS. Many Miami luxury buildings limit leases to once or twice a year with a minimum term and require board approval and an application fee. Request the declaration and rules before your inspection period ends if rental income matters to your plan.
Is there room to negotiate on 521 NE 61st Street, Miami, FL 33137?+
This listing has been on the market 42 days. Leverage comes from days on market, price history, comparable closed sales and the seller's motivation — not from a fixed percentage. I pull the full history and the true comps before we write, so the offer is built on what the property is actually worth today. Call or text (954) 562-1798 for that analysis.
Neighborhood & Commute
Miami. Distinct neighborhoods, local dining and shopping, with downtown, Brickell and MiamiCentral as everyday destinations.
Approximate Drive Times
Drive times are estimates based on straight-line distance at typical South Florida traffic speeds. Actual times vary with traffic and routing.
Assigned schools for this address
North Andrews Gardens Elementary School
Elementary · 0.4 mi from this home · 345 Ne 56Th St, Oakland Park
James S. Rickards Middle School
Middle school · 0.4 mi from this home · 6000 Ne 9Th Ave, Oakland Park
Zone boundaries published by Broward County Public Schools.
Other options for this address
Shepherd Of The Coast Lutheran School
Elementary · Private · Christian · Grades K–8 · Fort Lauderdale
New Generation Montessori Children'S Academy
Elementary · Private · Grades PK–PK · Pompano Beach
Somerset Academy Village Charter Middle School
Middle school · Charter · Grades 6–8 · Wilton Manors
Beit Apel Shaulson Family Campus For Girls
High school · Private · Jewish · Grades 9–12 · Miami
Millennium Leadership Christian Academy Inc
Pre-K & Kindergarten · Private · Christian · Grades PK–12 · Parkland
Lighthouse Christian Academy
Pre-K & Kindergarten · Private · Christian · Grades 4–12 · Oakland Park
Ameribelge Center For Education
Pre-K & Kindergarten · Private · Grades PK–11 · Fort Lauderdale
Rhema Word Christian Academy
Pre-K & Kindergarten · Private · Christian · Grades K–12 · Fort Lauderdale
School assignment is set by the district and can change. Always confirm the zoned school with the district before you buy.
Simon Gedz
Realtor® since 1995
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