South Beach Investor Specials

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Here are some units that are just coming on the market and are available for sale individually or in bundles of choice.  All are Studio Units except for 1100 West Ave., the Penthouse at the Mondrian Hotel which is a 1BR. Most of the units have parking spaces and leases of variable lengths as shown below. Seller will cooperate in a 1031 Exchange. All are listed on the MLS and Listing Broker will share commission equally with cooperating Brokers.

LOCATION RENT $

LEASE END DATE

 SALE PRICE
800 West Ave #714 $1800.00

April 23, 2025

 $250,000.00
915 Lenox Ave #104 $1750.00

Oct. 6, 2025

 $240,000.00
935 9th St #2A VACANT $225,000.00
1100 West Ave #1601 VACANT

$525,000.00
641 Espanola #2 $1625.00

June 30, 2025

 $240,000.00
1250 Alton #2C $1650.00

Jan. 10,  2026

 $200,000.00
900 Euclid #6 $1600.00

Sept. 31, 2025

 $200,000.00
1400 Pennsylvania #35 $1600.00

Sept 10, 2025

 $175,000.00
1400 Pennsylvania #16 $1600.00

Dec. 31, 2024

 $175,000.00

Luxury Murano Rental

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S. Pointe Drive

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South Pointe Drive contains some of the most valuable properties in all of Miami Beach and is the go-to destination for Buyers looking to find a Luxury unit.  The buildings along this ½ mile strip begin with the Murano on the Bay side and stretch to the 2 Continuum Towers on the Ocean Side.  In between are the Apogee, South Pointe Tower and Portofino Tower Condominiums.  All are waterfront properties with a Park adjacency, and  have similar amenity packages. The two Continuum Towers provide a Resort-like experience for its residents, while the Apogee is more exclusive and the most private among the group.  S. Pointe Tower is the oldest of the buildings dating back to the 1990’s, the Portofino Tower boasts an iconic design, while the Murano shines as the most contemporary looking of the group.

There are currently 55 units available for sale at the current time. The prices range from just over $1 million to $25 million. Click the Link below to see them all. Call me to see any of them.

View Properties

Some New Year Stats

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South of Fifth Absorption Rates

 

Every year I like to see how the Luxury Waterfront Towers in the South of Fifth Neighborhood stack up against each other.  They are among the most desirable buildings in Miami Beach and typically units in them command the highest prices.  Still, they tend to sell at different paces-some able to reduce inventory almost as fast as it appears, and others struggling to have it absorbed over multiple years.

The Chart above shows this quite clearly with the Continuum North Tower and Icon Condominiums each projected to sell the units currently on the market in the next five months based on their sales pace over the past 6 months. Compare this to the  Continuum South Tower and the Murano Grande Condominium (respective neighbors to the Continuum N Tower and Icon) which have 57 and 48 months worth of inventory based on their most recent sales pace.  The Murano also shares a similar absorption rate with these two buildings.

In a normal market an absorption rate of 6-9 months is considered balanced, neither favoring the Buyers or the Sellers. That said, there does not seem to be a balanced market in any of the buildings surveyed. The Continuum North Tower and Icon Buildings represent a Sellers Market with an Absorption rate of just 5 months, while the other six buildings more dramatically represent a Buyers market with it taking from 18-60 months for their inventory to be absorbed based on the most recent sales data.

The data for the chart above was compiled from the MLS at the end of 2023.

CONDOMINIUM                       ACTIVE LISTINGS                          RECENTLY SOLD

Apogee                                                        6                                                           2
Continuum N                                             5                                                           6
Continuum S                                            19                                                           2
Murano Grande                                        8                                                            1
Icon                                                             6                                                            7
Portofino Tower                                      14                                                           4
S. Pointe Tower                                         7                                                           2
Murano                                                     10                                                           1

 

Bay Garden Manor #15-G

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