English
851 Meridian Ave #42
Miami Beach FL 33139
$170,000
Affordability
Monthly Mortgage for Unit 42
$170,000$34,000 20%
30 Year Fixed at 6.75% Adjust
$874/month
Property Description
Turnkey studio located in the heart of South Beach, just steps from the ocean, iconic Ocean Drive, and world-class dining and nightlife. This unit offers strong short (6 -months) - or long-term rental potential in one of Miami’s most sought-after neighborhoods. A highly walkable location, and consistent demand make this an ideal addition to any investment portfolio. Covered garage and currently rented.
Property Details
- Unit #
- 42 (floorplan)
- Bedrooms
- 0
- Bathrooms
- 1
- Maintenance Fee
- $570/mo
- Tax year
- 2024
- Living Area
- 400 sq ft.
- $/Sqft
- 425
- Living Area (M2)
- 37.16
- Year Built
- 2005
- Tax Amount
- $
- Status
- Active
- Listing Type
- Highrise Condo
- Buiding
- One Miami
- Tower
- West
- Internet/Ethernet
- Yes
- Days On Website
- 2 weeks
- Pool
- Yes
- Pets Allowed
- Yes
- Parking Spots
- 1
- Valet Services
- Yes
Property Amenities
Interior Features
- No Interior Features
Exterior Features
- None
- Other
Equipment
- Electric Range
- Refrigerator
Map Location
Similar Units
| Address | Unit # | Price | %Chng | Bed/Bath | Square Feet | Square m2 | Maint/$ |
|---|---|---|---|---|---|---|---|
| 432 TILFORD T #432 | 432 | $90,000 | 1/1 | 585 | 54 | $552 | |
| 642 Michigan Ave #14 | 14 | $149,000 | 0/1 | 285 | 26 | $604 | |
| 763 Pennsylvania Ave #101 | 101 | $165,000 | 0/1 | 305 | 28 | $935 | |
| 851 Meridian Ave #42 | 42 | $170,000 | 0/1 | 400 | 37 | $570 | |
| 544 Michigan Ave #9 | 9 | $175,000 | 0/1 | 0 | 0 | $540 | |
| 0 #8 | 8 | $180,000 | 0/1 | 300 | 28 | $1,114 | |
| 900 Jefferson Ave #2 | 2 | $185,000 | 0/1 | 440 | 41 | $678 | |
| 1228 Pennsylvania Ave #3 | 3 | $185,000 | 0/1 | 400 | 37 | $320 | |
| 1228 Pennsylvania Ave #2 | 2 | $185,000 | 0/1 | 400 | 37 | $320 | |
| 763 Pennsylvania Ave #116 | 116 | $189,000 | 0/1 | 270 | 25 | $758 | |
| 763 Pennsylvania Ave #130 | 130 | $190,000 | 0/1 | 270 | 25 | $836 | |
| 900 Jefferson Ave #6 | 6 | $195,000 | 0/1 | 400 | 37 | $680 | |
| 936 Pennsylvania Ave #205 | 205 | $195,000 | 0/1 | 455 | 42 | $0 | |
| 763 Pennsylvania Ave #120 | 120 | $200,000 | 0/1 | 245 | 23 | $758 | |
| 900 Euclid Ave #6 | 6 | $200,000 | 0/1 | 392 | 36 | $391 |
Recent Similar Sales/Rentals
Studios Bedroom Apartments Recent Sales
| Unit # | Closed Date | Sold Price | List Price | Bed | Bath | Living Area | Days on Market |
|---|---|---|---|---|---|---|---|
| 442 | 04/01/2025 | $234,000 | $238,000 | 0 | 1 | 540 | 3 months |
| 6 | 03/14/2025 | $115,000 | $145,000 | 0 | 1 | 400 | 2 months |
| 18 | 01/10/2025 | $139,000 | $150,000 | 0 | 1 | 300 | 1 month |
| 1119 | 12/27/2024 | $360,000 | $399,000 | 0 | 1 | 404 | 2 months |
| 924 | 12/12/2024 | $260,000 | $265,000 | 0 | 1 | 540 | 3 months |
| 824 | 12/02/2024 | $260,000 | $275,000 | 0 | 1 | 540 | 3 months |
| Number of Units | Avg Price | Avg $/SQFT | Lowest Sale Price | Highest Sale Price | Avg Days on Market |
|---|---|---|---|---|---|
| 6 | $228,000 | $548 | $115,000 | $360,000 | 81 |
1 Bedroom Apartments Recent Sales
| Unit # | Closed Date | Sold Price | List Price | Bed | Bath | Living Area | Days on Market |
|---|---|---|---|---|---|---|---|
| 505 | 04/22/2025 | $250,000 | $287,000 | 1 | 1 | 690 | 5 months |
| 406 | 03/31/2025 | $252,500 | $271,000 | 1 | 1 | 590 | 7 months |
| 303 | 03/21/2025 | $602,500 | $599,000 | 1 | 1 | 760 | 4 months |
| 8 | 03/19/2025 | $240,000 | $249,000 | 1 | 1 | 563 | 5 months |
| 2J | 02/07/2025 | $335,000 | $355,000 | 1 | 1 | 792 | 3 months |
| 3 | 01/10/2025 | $405,000 | $439,000 | 1 | 1 | 780 | 2 months |
| 304 | 12/09/2024 | $520,000 | $539,000 | 1 | 1 | 745 | 3 months |
| 2D | 12/05/2024 | $345,000 | $369,000 | 1 | 1 | 700 | 2 months |
| Number of Units | Avg Price | Avg $/SQFT | Lowest Sale Price | Highest Sale Price | Avg Days on Market |
|---|---|---|---|---|---|
| 8 | $368,750 | $546 | $240,000 | $602,500 | 130 |
2 Bedroom Apartments Recent Sales
| Unit # | Closed Date | Sold Price | List Price | Bed | Bath | Living Area | Days on Market |
|---|---|---|---|---|---|---|---|
| 102 | 04/09/2025 | $320,000 | $389,900 | 2 | 1 | 768 | 3 months |
| 1207 | 03/13/2025 | $3,500,000 | $3,800,000 | 2 | 2 | 1,443 | 11 months |
| 4 | 02/13/2025 | $328,000 | $380,000 | 2 | 1 | 870 | 6 months |
| 1032 | 12/17/2024 | $1,150,000 | $1,300,000 | 2 | 2 | 1,380 | 2 months |
| 2006 | 12/06/2024 | $1,600,000 | $1,675,000 | 2 | 2 | 1,452 | 10 months |
| Number of Units | Avg Price | Avg $/SQFT | Lowest Sale Price | Highest Sale Price | Avg Days on Market |
|---|---|---|---|---|---|
| 5 | $1,379,600 | $1,135 | $320,000 | $3,500,000 | 211 |
3 Bedroom Apartments Recent Sales
| Unit # | Closed Date | Sold Price | List Price | Bed | Bath | Living Area | Days on Market |
|---|---|---|---|---|---|---|---|
| TH2 | 12/12/2024 | $1,600,000 | $1,699,000 | 3 | 3 | 1,597 | 3 months |
| Number of Units | Avg Price | Avg $/SQFT | Lowest Sale Price | Highest Sale Price | Avg Days on Market |
|---|---|---|---|---|---|
| 1 | $1,600,000 | $1,064 | $1,600,000 | $1,600,000 | 92 |
onemiamidowntown.com is not responsible for the accuracy of the information listed above. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program and the South East Florida Regional MLS and is provided here for consumers personal, non-commercial use, It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real Estate listings held by brokerage firms other than the office owning this web site are marked with the IDX logo. Data provided is deemed reliable but not guaranteed. Listing provided by Affinity International Realty