JUST LISTED: 221 Meridian Ave #304

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Nice 1BR/1B unit with parking in the center of the South of Fifth neighborhood. This mid-size building is well maintained and operates with low maintenance fees.  The unit has new Impact glass throughout and there are no outstanding assessments.  South of Fifth is the most desirable neighborhood on the Beach for within this small triangle at the Southern tip of Miami Beach is easy access to the Beach, Marina, South Pointe Park and great Restaurants.

Murano 1BR Lower Penthouse

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Murano $1,999,000

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Latest South of Fifth Sale

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South of Fifth Luxury Sales Chart

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The chart below represents the last 14 months of Condo Sales in the South of Fifth neighborhood priced at over $1,000,000.  In early 2023, 14 such units sold in the month of January and 8 in the month of February.  This year the numbers were 12 and 6 for the same 2 months.  Generally, the first 6 months performed better than the last 6 months of the year, with 68 units selling from January through June and just 37 for the remainder of the year.  The Median sales price averaged about $2.3 million for the year, with a high median over $4.4 million and a low of $1.4 million.