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JUST LISTED: 221 Meridian Ave #304

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.

New Luxury Condo at Murano Grande

COMING ON January 9, 2025

One of a kind, upgraded, flow-thru unit on the lanai level, proving unmatched family and entertaining space both indoors and out. Primary Bedroom/Bath and Formal Living & Dining Area at one end, separated by a large open kitchen with informal dining, and ample space for entertaining & art display and two separated, en-suite Bedrooms and Family area on the other. Walk out the oversized, private Terrace to the private restaurant and Pool deck. It feels like living in a large house with the benefit of luxury amenities.

South of Fifth Luxury Sales Chart

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.

 

Newest SoFi Listings

With just more than a week into the new year, there are already a dozen new listings available for sale on the MLS in the South of Fifth neighborhood.  These units, all condominiums, range in price from under $300,000 to over $3,000,000, from 423 SF to 2,508 SF. They include Studio, 1BR, 2BR and 3BR units.  Five of the new units available are priced under $1 million and three are over $2 million.  For a description and photos of each, click the link below.

View New Listings

 

South of Fifth Waterfront 1BR’s