Read the full record 4 paragraphs and 16 facts, every figure from the MLS and county record
Canvas rises 38 floors at 1600 NE 1st Ave in Downtown and was completed in 2018. County folio records count 513 residences plus 60 commercial units, averaging 837 SF of living area. NR Investments developed it; the architect is CFE Architects.
15 units were for sale on November 2, 2026, asking $370K to $579K (median ask $550/SF across 14 listings). Three more were under contract. 24 sales closed between November 2, 2025 and November 2, 2026, from $355K to $590K, a median $520/SF (over the 21 with a recorded size), after a median 134 days on the market. In the 12 months before that, 18 sales closed at a median $589/SF, so the median fell 12%. Across 189 recorded sales since 2020, the best year by median price per square foot was 2025, at $592 over 19 sales. That 12-month median ranks 27th of the 47 Downtown buildings with at least three sales in the same window. Two-bedrooms made up 19 of the 42 sales in the last 24 months, at a median $530,000.
21 units were offered for rent at $2,470 to $4,200 a month. 89 leases were signed over the same 12 months, at a median $3,300 a month (range $2,200 to $4,600). Leases outnumbered sales 4 to 1 over that year, so renters are a large share of who lives here.
County records show 27% of residences as owner-occupied, which points to an investor-heavy ownership base. Association rules on file: pets yes (owners & tenants); no short-term rentals; minimum lease 30 days; up to 12 leases a year. The association is managed by KW Property Management & Consulting. I have six of its association documents on file, including the Declaration of Condominium and the Rules & Regulations.
Sources: Miami Assoc. of REALTORS® MLS via Bridge IDX (activity as of November 2, 2026), Miami-Dade Property Appraiser records and my condo archive. Blanks mean the record doesn't state it; nothing here is estimated.
The record
- Address
- 1600 NE 1st Ave, Miami 33132
- Neighborhood
- Downtown
- Developer
- NR Investments
- Architect
- CFE Architects
- Management
- KW Property Management & Consulting
- Front desk / mgmt
- (786) 800-2168
- Year built
- 2018
- Floors
- 38
- Residences (county-verified)
- 513
- Commercial units
- 60
- Owner-occupied
- 27% of residences
- Avg. unit size
- 837 sq ft
- Total living area
- 429,624 sq ft
- County condo folios
- 573
- Recorded MLS listings
- 958
- Also recorded as
- 1600 SE 1st Ave
1600 NE 1st St Ave
1600 NE
1630 NE 1st Ave