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Madrid Terrace

Madrid Terrace

Madrid Terrace
Condominium Building
The Costar Building Rating

A rating for the building relative to other buildings of the same type throughout the country. Learn more

6820 W Flagler St
Miami, FL 33144-2848
50 Units
4 Stories
1973 Year Built
$192K - $271K Value Range

Available Units

For Sale
For Rent
No Units Available

Highlights

  • Community Pool
  • Elevator
  • 1 Garage Space Per Unit
  • Laundry Facilities
  • 3 min walk to Robert King High Park

Affordable living in Miami's vibrant Flagami neighborhood

Madrid Terrace, a 4-story condominium complex built in 1973, offers comfortable living in the heart of Miami's Flagami district. With 50 units, this well-maintained building provides residents with a blend of convenience and community. Located at the intersection of Flagler Street and 68th Avenue, Madrid Terrace is ideally situated for those seeking an accessible urban lifestyle without the premium price tag.

Compact and efficient layouts with modern updates

Madrid Terrace offers a range of floor plans to suit various needs. The one-bedroom units span from 624 to 697 square feet, featuring one bathroom and typically selling for around $200,000. For those requiring more space, two-bedroom units range from 726 to 840 square feet, with one or two bathrooms, and sale prices between $192,000 and $290,000. Many units have undergone recent updates, boasting features such as newly installed white kitchens with quartz countertops, renovated bathrooms, and new appliances. The flooring has been upgraded in some units to waterproof wood-simulated materials or ceramic tiles, enhancing both aesthetics and practicality. Corner units on upper floors offer balconies with pleasant pool views, while all residents enjoy the convenience of a dedicated parking space. Each unit is equipped with essential amenities including a dishwasher, disposal, and microwave. The building's design incorporates practical elements such as tub/shower combinations in bathrooms and efficient heating systems, ensuring comfort throughout the year.

Community-focused amenities for everyday enjoyment

Madrid Terrace offers a selection of amenities designed to enhance residents' daily lives. The centerpiece is a refreshing pool, perfect for cooling off during Miami's warm days or for gentle exercise. A clubhouse serves as a communal gathering space, ideal for social events or quiet relaxation. For added convenience, the building features on-site laundry facilities, eliminating the need for trips to external laundromats. An elevator ensures easy access to all floors, a particularly valuable feature for residents with mobility concerns or those moving heavy items. The property prioritizes security with recently installed cameras and improved lighting in the parking area and throughout the building. A newly paved parking lot provides a smooth surface for vehicles and pedestrians alike. The building's meeting room offers a space for resident gatherings or small events, fostering a sense of community within Madrid Terrace.

A lively community with diverse culinary and recreational options

Flagami, where Madrid Terrace is located, is known for its vibrant community and convenient amenities. The neighborhood offers a blend of urban convenience and suburban tranquility, making it an attractive option for a diverse range of residents. Food enthusiasts will appreciate the variety of dining options within walking distance. El Palacio de los Jugos, a local favorite since 1977, is renowned for its hearty Cuban fare and fresh fruit juices. For those craving Mexican cuisine, Tacos El Carnal is just a short stroll away, offering authentic tacos and other Mexican staples in a casual setting. Grocery shopping is a breeze with several options nearby. Sedano's Supermarket, a chain with Cuban roots, is conveniently located about a quarter-mile from Madrid Terrace. For a wider selection, Fresco y Más and Max Supermarket are both within a mile, ensuring residents have easy access to fresh produce and everyday essentials. Outdoor enthusiasts will find plenty to enjoy in the area. Robert King High Park, less than a quarter-mile away, offers basketball courts, soccer fields, tennis courts, and a playground. For those seeking a longer stroll, Garden Club Park is about a mile away, featuring bike trails and additional playground facilities. The neighborhood also caters to families with school-age children. Fairlawn Elementary School, rated 6 out of 10 by GreatSchools, is just a mile away. For middle and high school students, West Miami Middle School and South Miami Senior High School are within a short drive.

Well-connected with public transit and major roadways

Madrid Terrace's location offers residents multiple transportation options. For those relying on public transit, the building is exceptionally well-served. Two bus stops are within a five-minute walk, both located on West Flagler Street. These stops are serviced by several routes, including the Downtown-Dolphin Mall/Airport line, the FIU-Downtown via Flagler Street line, and the NW Dade-Dadeland South via 67/72 Avenue line. The Flagler Max, which provides express service between West Dade and Downtown, is also accessible from these nearby stops. For residents who prefer to drive, Madrid Terrace's location provides easy access to major roadways. The proximity to West Flagler Street and NW 67th Avenue allows for quick connections to other parts of Miami. The Dolphin Expressway (SR 836) is nearby, facilitating trips to downtown Miami and beyond. Air travelers will appreciate the proximity to Miami International Airport, which is just a 10-minute drive away. For those venturing further afield, Fort Lauderdale/Hollywood International Airport can be reached in about 45 minutes by car. While the area is primarily car-oriented, the neighborhood does offer some walkable amenities. Many everyday necessities, including grocery stores, restaurants, and parks, are within walking distance, allowing residents to complete some errands on foot if they choose. However, for most destinations beyond the immediate vicinity, a car or public transportation would be the most practical option.

Available Condos

No units matching this criteria are available right now.

Building Details

Recreation

  • Community Pool

Amenities

  • Laundry Facilities

Parking

  • 1 Garage Space Per Unit
  • 1 Car Garage

Pet Policy

  • No Pets Allowed

Condo Association

  • $496 Monthly HOA Fees
  • Monthly HOA Fees Range from $235 - $496
  • Madrid Terrace Condo
  • Madrid Terrace Condo Subdivision

Building Design

  • Low-Rise Condominium
  • Trash Chute
  • Elevator

Unit Information

Unit
101
202
Beds
2 Beds
1 Bed
Baths
1.5 Baths
1 Bath
Sq Ft
813
697
Price
$265,000
$192,960
Price / Sq Ft
$326 / Sq Ft
$277 / Sq Ft
List Date
02/10/2025
08/19/2024

Unit Size and Value Ranges

1 Bedroom Units
Sq Ft Range
624 - 697
Est. Values
$192,039 - $213,994
2 Bedroom Units
Sq Ft Range
726 - 840
Est. Values
$223,000 - $270,934

Map

Area Factors

Low Crime

Crime Score®

4 / 10

Bikeable

Bike Score®

50 / 100

Very Walkable

Walk Score®

82 / 100

Some Transit

Transit Score®

47 / 100
Sources: WhatIsMyCrimeRisk.com, Walk Score
Sources: WhatIsMyCrimeRisk.com, Walk Score

WhatIsMyCrimeRisk.com, Powered by CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks. Walk Score® measures the walkability of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.

Environmental Factors

Busy

Sound Score®

66 / 100

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Air Pollution®

N/A / 10

--

Flood Factor®

N/A / 10

--

Fire Factor®

N/A / 10

--

Heat Factor®

N/A / 10

--

Wind Factor®

N/A / 10
Source: First Street, How Loud
Sources: First Street, How Loud

Sound Score® measures the noise level of any address. Environmental risk data is provided by First Street Foundation® and is designed to approximate risk and not intended to include all possible scenarios.

Parks in this Area

Schools

Source:
GreatSchools: The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process. View GreatSchools Rating Methodology
Disclaimer: Please note that this building may not be in these schools' attendance zones.

Agents Active in this Building

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Property Taxes

Range in Assessed Values
$68K - $190K
Range of Taxes in Building
$255 - $3,642
Range of Taxes per Sq Ft
$0.31 - $4.56

Property Tax History

Source: Public Records

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