# Centro

As of 2026-11-01, Centro in Downtown has 22 units for sale at a median asking price of $385K ($633/sqft); 20 units sold in the last 12 months.

Centro is a 38-floor, 358-unit condominium at 151 SE 1st St in Downtown Miami, built in 2016 and 210 m from the Knight Center Metromover Station.

## Key facts

| | |
|---|---|
| Address | 151 SE 1st St |
| Neighborhood | Downtown |
| Year built | 2016 |
| Floors | 38 |
| Units | 358 |
| Waterfront | no |
| Developer | Newgard Development Group |
| For sale | 22 |
| Pending | 1 |
| Median asking price | $385,000 |
| Median asking $/sqft | $633/sqft |
| Sold, last 12 months | 20 |
| Median sold $/sqft, 12 months | $587/sqft |
| Months of inventory | 13.2 |
| Median HOA | $669/mo |
| Parking | The building does not offer assigned parking, but residents can utilize on-site valet services or nearby off-site parking options. |

## Own Miami measures

- **own.miami Building Score: 75 (A−)**
  - Value: 79 — $633/sqft — vs. Downtown condos, then all of Miami
  - Momentum: 86 — +17.9% $/sqft over 6 months
  - Liquidity: 46 — 13.2 months of supply · 69 days on market
  - Health: 98 — 2 verified records: Rental restrictions
  - Waterfront: 55 — Not waterfront
  - Age: 70 — Built 2016 — vs. Downtown buildings
- **Own Miami Condo Index: 91** (market; 100 = the market-median building, 200 = twice its $/sqft; rank 416 of 698 tracked Miami condos)
- **Financeability Index: 94** (strong; 12-month window, 20 recorded mortgages, 50% of sales bank-financed, lowest down payment 10%, as of 2026-10-31)
- Special-assessment outlook: clear (next structural milestone inspection due 2041)

## Building health (verified public records)

- Public records checked 2026-10-27: no liens, lawsuits or regulatory complaints found
- positive: Bank financing — Regulated lenders recorded 15 purchase or refinance loans on this building in the last 12 months, financing 50% of its recorded sales, and accepted a down payment as low as 10%. A bank writing a condominium loan has just checked the building's reserves, insurance, litigation and owner-occupancy against its own standards — verified due diligence, read from the public record. Financeability Index 94/100. (2026-10-31)
- positive: No special assessment — noted on 1 listings (2026-09-17)
- Legal & regulatory: 0 material cases active, 0 disputes active, 4 DBPR complaints (36 months)

## Frequently asked questions

**How much do condos at Centro cost?**

There are 22 condos for sale at Centro, from $304,500, with a median asking price of $385,000 ($633/sqft).

**How much are the HOA fees at Centro?**

HOA / maintenance fees at Centro run around $669 per month among units currently for sale; the exact fee varies by unit size and line, so confirm the current amount with the listing or the condo association.

**When was Centro built?**

Centro was built in 2016, 38 stories, 358 residences.

**Who developed Centro?**

Centro was developed by Newgard Development Group. Newgard Development Group's own.miami Developer Score is B+ across 4 buildings.

## Related pages

- [Downtown — neighborhood guide](https://own.miami/downtown)
- [All units for sale at Centro](https://own.miami/buildings/centro/for-sale)
- [Paramount Miami Worldcenter](https://own.miami/buildings/paramount-miami-worldcenter)
- [Vizcayne](https://own.miami/buildings/vizcayne)
- [50 Biscayne](https://own.miami/buildings/50-biscayne)
- [Met 1](https://own.miami/buildings/met-1)

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Source: Own.Miami — https://own.miami · data as of 2026-11-01
Canonical page: https://own.miami/buildings/centro
License: CC BY 4.0 — https://creativecommons.org/licenses/by/4.0/
Methodology: https://own.miami/methodology · For AI assistants: https://own.miami/for-ai