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Buildings/South Beach/THE COCONUT OF SOUTH BEAC

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THE COCONUT OF SOUTH BEAC

1018 Meridian Ave, Miami Beach 33139

1925

Year Built

Units

For Sale

$419K

Avg Price

$500

Sale $/SF

—

For Rent

—

Avg Rent

$3.23

Rent $/SF

+10.5%

YoY

For Sale

For Rent

Investor-Owned

88%

Avg HOA

$1,025/mo

Building Details

Address

1018 Meridian Ave, Miami Beach, 33139

Neighborhood

South Beach

Year Built

1925

Total Units

Avg Unit Sqft

943 SF

Tier

Premium

Avg $/SF

$500

Rent $/SF

$3.23/SF

HOA Range

$1,025 – $1,025

Neighborhood Rank

Top 14%

Avg Unit Value

$346K

Total Sales (All-Time)

Investment Analysis

Yield Metrics

Rental Yield (annualized)—

YoY Appreciation+10.5%

Total Yield66.1%

YoY Sale $/SF Change-6.0%

Liquidity & Demand

Closed Sales (120d)1

Days on Market54 days

Months of Inventory4.0

Sale-to-List Ratio1.0%

Price Reduction Rate100%

Investor-Owned88%

For Sale1

For Rent0

Top 14%

Neighborhood percentile

Market Data

Sale Price Trend ($/SF)

$500

+5.6%

Rental Price Trend ($/SF)

$3.25

Building Activity

Days on Market

days

Sales & Listings

Active Listings

For Sale (1)

$419K

Unit 8

2 bd2 ba950 sf

$441/SF73 DOM

Recent Sales

Date	Price	$/SF	Bed/Bath	SF
Dec 31, 2025	$450K	$473.68	2/2	950
Feb 3, 2025	$500K	$531.91	2/2	940
Sep 11, 2024	$400K	$400	2/2	1,000
Jun 14, 2023	$425K	$505.95	2/2	840
Dec 29, 2022	$305K	$363.1	2/2	840
Nov 23, 2021	$302K	$317.89	2/2	950
Mar 11, 2021	$300K	$325.98	2/2	920
Aug 16, 2020	$324K	$344.68	2/2	940
Jul 17, 2020	$284K	$305.38	2/2	930
Jan 29, 2020	$324K	$344.68	2/2	940
Nov 21, 2019	$270K	$293.48	2/2	920
Aug 13, 2019	$285K	$300	2/2	950
Jun 7, 2019	$250K	$265.96	2/2	940
Feb 12, 2019	$270K	$287.34	2/2	940
Sep 20, 2017	$290K	$345.24	2/2	840
Mar 18, 2016	$480K	$475.25	2/2	1,010
Dec 2, 2013	$380K	$404.26	2/2	940
Jan 10, 2013	$385K	$385	2/2	1,000
Mar 20, 2012	$375K	$371.29	2/2	1,010
Nov 1, 2006	$326K	$346.54	2/2	940
Jul 1, 2005	$346K	$367.55	2/2	940
Mar 1, 2004	$255K	$271.28	2/2	940
Mar 1, 2003	$255K	$274.19	2/2	930
Jun 1, 2001	$207K	$217.89	2/2	950
May 1, 2001	$211K	$222.11	2/2	950

Units & Ownership

Total Units

Avg Sqft

943 SF

Avg Assessed

$322K

Owner-Occupied

13%

Tax & Ownership

Investor-Owned

88%

Owner-Occupied

13%

Avg Assessed Value

$322K

Avg Taxable Value

$315K

Effective Year Built

1925

Zoning

3900

Unit Mix

2 BR8

Avg 943 SF

Unit Directory

8 units

Unit	Beds	Baths	SF	Assessed	Owner	Last Sale	$/SF	Sale Date
1	2	2	920	$313K	—	$300K	$326	Mar 2021
2	2	2	940	$313K	—	$500K	$532	Feb 2025
3	2	2	930	$313K	—	$284K	$305	Jul 2020
4	2	2	950	$313K	—	$302K	$318	Nov 2021
5	2	2	1,000	$357K	—	$400K	$400	Sep 2024
6	2	2	1,010	$322K	—	$480K	$475	Mar 2016
7	2	2	840	$332K	✓	$425K	$506	Jun 2023
8	2	2	950	$313K	—	$207K	$218	Jun 2001