Robert T Fournier - 786-286-6960
Inquire About this Property
Great second home located in front of the Miami Beach Convention Center, just two blocks to “Billionaires Beach” which sits at the heart of South Beach and walking distance to Lincoln Road which is undergoing a beautification project (see articles and links below). The unit is licensed for short term rental. Proforma gross revenue is estimated at $122K to $144K per annum (provided by two professional management firms) which translates to a 10% cap rate. Perfect for those looking to get away and clear their heads and experience a change in venue while maximizing their income. The unit features hurricane glass windows, gourmet kitchen, large master bedroom with a walking closet, modern spa style bathrooms, and may be purchased furnished. The Building’s leadership is proactive and well managed. As such planned and budgeted its future projects and took the initiative to obtain a loan and have fully funded reserves. In addition, the building has set up the budget for the SIRS requirement and funding. Ongoing building projects near completion elevator replacement and fire system. Most notable completed projects pool upgrade, electronic tele-entry access, cameras, structural review and repairs. Some future projects include hallway flooring and lobby upgrade.
| Address | Unit # | Price | %Chng | Bed/Bath | Square Feet | Square m2 | Maint/$ |
|---|---|---|---|---|---|---|---|
| 1455 Michigan Ave #7 | 7 | $165,000 | 0/1 | 200 | 19 | $198 | |
| 1750 James Ave #4J | 4J | $179,900 | 0/1 | 367 | 34 | $291 | |
| 1561 Lenox Ave #10 | 10 | $180,000 | 0/1 | 456 | 42 | $423 | |
| 1561 Lenox Ave #6 | 6 | $190,000 | 0/1 | 430 | 40 | $428 | |
| 1526 Pennsylvania Ave #16 | 16 | $190,000 | 1/1 | 456 | 42 | $791 | |
| 1601 Lenox Ave #8 | 8 | $195,000 | 0/1 | 428 | 40 | $0 | |
| 1611 Michigan Ave #21 | 21 | $195,000 | 0/1 | 478 | 44 | $574 | |
| 1250 Drexel Ave #8 | 8 | $198,000 | 0/1 | 490 | 46 | $801 | |
| 1250 Drexel Ave #1 | 1 | $198,000 | 4.76% | 1/1 | 659 | 61 | $1,078 |
| 500 14th St #101 | 101 | $204,900 | 5.16% | 1/1 | 543 | 50 | $911 |
| 1601 Meridian Ave #203 | 203 | $205,000 | 1/1 | 395 | 37 | $660 | |
| 637 12th St #6 | 6 | $205,000 | 1/1 | 420 | 39 | $540 | |
| 717 Espanola Way #204 | 204 | $207,000 | 0/1 | 398 | 37 | $455 | |
| 745 13th St #16 | 16 | $210,000 | 0/1 | 431 | 40 | $582 | |
| 639 12th St #3 | 3 | $210,000 | 1/1 | 430 | 40 | $527 |
| Unit # | Closed Date | Sold Price | List Price | Bed | Bath | Living Area | Days on Market |
|---|---|---|---|---|---|---|---|
| 747 | 03/16/2026 | $3,150,000 | $3,449,000 | 4 | 4 | 2,565 | 3 months |
| 4 | 03/11/2026 | $175,000 | $174,000 | 0 | 1 | 320 | 2 weeks |
| 619 | 03/10/2026 | $510,000 | $545,000 | 0 | 1 | 525 | 1 year |
| 601 | 03/09/2026 | $365,000 | $389,000 | 2 | 1 | 878 | 4 months |
| 2 | 03/06/2026 | $240,000 | $250,000 | 1 | 1 | 700 | 4 months |
| 7 | 03/05/2026 | $380,000 | $399,000 | 1 | 1 | 729 | 1 month |
| 202 | 03/05/2026 | $182,500 | $185,000 | 1 | 1 | 428 | 1 month |
| 802 | 03/03/2026 | $700,000 | $725,000 | 2 | 2 | 1,088 | 3 months |
| 5B | 02/27/2026 | $174,500 | $174,500 | 1 | 1 | 800 | 2 months |
| 207 | 02/20/2026 | $345,000 | $359,000 | 2 | 2 | 1,044 | 2 months |
| 107 | 02/20/2026 | $350,000 | $350,000 | 1 | 1 | 537 | 1 year |
| 307 | 02/17/2026 | $815,000 | $849,000 | 2 | 2 | 1,014 | 5 months |
| 303 | 02/13/2026 | $249,000 | $285,000 | 1 | 1 | 658 | 10 months |
| 38 | 02/11/2026 | $175,000 | $175,000 | 0 | 1 | 430 | 2 months |
| 2 | 02/11/2026 | $1,650,000 | $1,899,000 | 2 | 2 | 2,496 | 2 months |
| 1635 | 02/11/2026 | $840,000 | $869,000 | 1 | 1 | 0 | 5 months |
| 430 | 02/11/2026 | $460,000 | $490,000 | 0 | 1 | 550 | 9 months |
| 205 | 02/06/2026 | $205,000 | $215,000 | 1 | 1 | 428 | 1 month |
| 523 | 02/05/2026 | $1,025,000 | $1,075,000 | 0 | 1 | 490 | 2 months |
| 3008 | 02/02/2026 | $5,500,000 | $5,700,000 | 2 | 2 | 1,141 | 1 week |
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