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Buildings/South Beach/701 MERIDIAN CONDO

Value

701 MERIDIAN CONDO

701 MERIDIAN AVE, Miami Beach 33139

1939

Year Built

Units

—

For Sale

—

Avg Price

—

Sale $/SF

—

For Rent

—

Avg Rent

$3.83

Rent $/SF

+29.8%

YoY

For Sale

For Rent

Investor-Owned

60%

Avg HOA

—

Building Details

Address

701 MERIDIAN AVE, Miami Beach, 33139

Neighborhood

South Beach

Year Built

1939

Total Units

Avg Unit Sqft

718 SF

Tier

Value

Rent $/SF

$3.83/SF

Neighborhood Rank

Top 17%

Avg Unit Value

$277K

Total Sales (All-Time)

Investment Analysis

Yield Metrics

Rental Yield (annualized)—

YoY Appreciation+29.8%

Total Yield42.2%

Liquidity & Demand

Closed Sales (120d)0

Investor-Owned60%

For Sale0

For Rent0

Top 17%

Neighborhood percentile

Market Data

Sale Price Trend ($/SF)

$491

+29.8%

Rental Price Trend ($/SF)

$3.46

+47.9%

Building Activity

Closed Sales (120d)

transactions

Low volume

Sales & Listings

Recent Sales

Date	Price	$/SF	Bed/Bath	SF
Oct 23, 2024	$409K	$491	2/2	833
May 20, 2022	$225K	$412.84	1/1	545
May 17, 2022	$372K	$446.58	2/2	833
Feb 18, 2022	$390K	$468.19	2/2	833
Jan 10, 2022	$330K	$396.16	2/2	833
Aug 26, 2021	$309K	$566.97	1/1	545
Mar 2, 2020	$273K	$325.96	2/2	836
May 31, 2019	$315K	$378.15	2/2	833
Nov 1, 2016	$195K	$357.8	1/1	545
Sep 14, 2016	$135K	$247.71	1/1	545

Units & Ownership

Total Units

Avg Sqft

718 SF

Avg Assessed

$254K

Owner-Occupied

40%

Tax & Ownership

Investor-Owned

60%

Owner-Occupied

40%

Avg Assessed Value

$254K

Avg Taxable Value

$234K

Effective Year Built

1939

Zoning

3900

Unit Mix

1 BR4

Avg 545 SF

2 BR6

Avg 834 SF

Unknown1

Unit Directory

Showing 10 of 11 units

Unit	Beds	Baths	SF	Assessed	Owner	Last Sale	$/SF	Sale Date
—	—	—	—	—	—	—	—	—
1	1	1	545	$212K	—	$225K	$413	May 2022
2	1	1	545	$198K	✓	$309K	$567	Aug 2021
3	2	2	836	$270K	✓	$275K	$329	Jul 2015
4	2	2	836	$289K	—	$273K	$326	Mar 2020
5	2	2	833	$289K	—	$200K	$240	Jun 2010
6	2	2	833	$270K	✓	$330K	$396	Jan 2022
7	2	2	833	$270K	✓	$390K	$468	Feb 2022
8	2	2	833	$321K	—	$409K	$491	Oct 2024
9	1	1	545	$212K	—	$22K	$39	Oct 2014

Get Market Updates

701 MERIDIAN CONDO

Building Details

Investment Analysis

Yield Metrics

Liquidity & Demand

Market Data

Sales & Listings

Units & Ownership

Active Agents & Brokerages

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