333 1st St Unit N1507
Higher is a better buy. 50 is "priced about right for what it is". The last step curves the raw advantage onto 0–100, so points stop being one-for-one at the extremes.
💵What this unit actually costs per month
28% of that payment is not the mortgage. The HOA fee alone is $74,460 over five years — money that buys you no equity. A calculator that defaulted the fee to zero would have quoted you $7,666.
Not FHA-approved. No 3.5%-down FHA financing on this unit, so the realistic floor is a 5%-down conventional loan ($57,500). Common for small associations and not a defect on its own, but it does remove FHA buyers from your resale pool.
Minimum realistic down payment here: 5% · verify on HUD's lookup
Rate is the Freddie Mac PMMS 30-year average for the week of 2026-10-08 — a national survey figure, not a quote. Tax, insurance and closing costs are estimates; your own Loan Estimate is the real number.
This building's HOA fees
We haven't reconstructed a multi-year fee history for this building yet. We have one recorded fee on file ($1,241 in 2026), not enough for a trend yet. The listing shows $1,241/mo today. Upload its HOA docs and we'll build the full reserve & special-assessment report — free.
🏢 Get this building's free HOA report →✅ Positives
- On market 55 days → some leverage
- Low HOA (1.3%/yr)
⚠️ Cons
- 22% above model fair value
- HOA $1241/mo
🚩 Red flags
- Very high HOA $1241/mo (full-service high-rise)
Photos
Price history (this unit)
- Aug 17, 2026 — Listed $1,150,000
- Oct 1, 2024 — Rental Removed $5,750
- Jul 11, 2024 — Listed for Rent $5,750
Description
Step into this east-facing residence at The Metropolitan and take in sweeping Bay Bridge and city views that are equally impressive by day and night. The thoughtful split-bedroom floor plan places two spacious bedrooms and two bathrooms on opposite sides of the home, offering excellent privacy for guests, shared living, or a dedicated home office. Hardwood floors run throughout, complemented by custom window treatments and a well-appointed kitchen with its own outlook toward the city and Bay. In-unit laundry adds everyday convenience, while deeded garage parking and storage located near the elevator make city living especially easy. The Metropolitan is one of South Beach's premier…