by Jamey on November 23, 2009
Over the last 90 days in Miami Beach there were 938 Miami Beach rental properties that rented through the MLS.
One of the most expensive units that rented was a 3010 square foot 4 bedroom/4.5 bath unit in the Continuum North tower. Continuum is located at 50 S Pointe Drive in the high end luxury are of South of Fifth. It rented for $12,000 per month.
The Yacht Club at Portofino also in the South of Fifth area located at 90 Alton Road had an impressive 23 rentals. The most expensive was a furnished 4 bedroom/ 3.5 bath that rented for $3500 per month, while the least expensive was a 1 bedroom/1 bath unit that rented for $1650 per month.
The Waverly located just off Biscayne Bay in South Beach in the West Avenue neighborhood, came in right behind the Yacht Club with 22 rented units. The most expensive unit that rented was a 1262 square foot, furnished, 2 bedroom/2 bath. It rented for $3450 per month. The least expensive one bedroom was a 793 square foot, 1 bedroom/1 bath and it rented for $1500.
Just to name a few of the most popular Miami Beach Buildings:
- Flamingo 1500 Bay Road/ 18 rented units
- ICON 450 Alton Road / 15 rented units
- Bentley Bay 540/520 West Avenue / 15 rented units
- Floridan 650 West Avenue / 12 rented units
- Cosmopolitan 110 Washington Avenue / 10 rented units
- Akoya 6365 Collins / 10 rented units
- Capri South Beach / 5 rented units
It just goes to show that rentals are still a hot commodity in Miami Beach. Prices have come down over the last year but units are still renting. In the luxury buildings, rental units still fetch a pretty high end price tag per month.
by Jamey on March 18, 2009
This morning I was doing market research based on the amount of rented units by building. I wanted to see which popular Miami Beach (South Beach area) buildings had the highest amount of rentals over the last six months.
Miami Beach
Over the last six months in Miami Beach there were 1,630 condos/town homes that rented & 1044 in South Beach alone.
South of Fifth Buildings: 224 Rentals over the last six months
**When looking at the selling price if it seems super high, divide it out by either six months or twelve months based on the listing price per month. Some agents put the “selling price” as the rented price per month, others enter the entire year. So for instance if the listing price is $1000 per month. The real selling price could be $1000 or $12,000 depending on how the closing agent entered this field.
Top 5 Popular South of Fifth Buildings based on rented units
#1. The Yacht Club is number 1 for rented units over the last six months with 45 rentals so far this year. I would assume it’s because they have more lenient renting policies in regards to lease terms. However, the application process is pretty thorough and strict.
90 Alton Road Miami Beach, Florida 33139
Real Estate Market Analysis Report for Rentals: The Yacht Club at Portofino
|
|
| |
Total Units |
Total SqFt |
Listing Price |
Selling Price |
SP/SqFt |
DOM |
| 0 |
1,920 |
$4,000 |
$4,000 |
112.5% |
187 |
| 0 |
740 |
$1,850 |
$1,500 |
$2 |
3 |
| 0 |
977.49 |
$2,764 |
$2,623 |
$3 |
68.42 |
| 0 |
1,080 |
$2,575 |
$2,500 |
$3 |
54 |
|
#2. Cosmopolitan: 16
110 Washington Avenue Miami Beach, Florida 33139
Real Estate Market Analysis Report for Rentals: Cosmopolitan
|
|
| |
Total Units |
Total SqFt |
Listing Price |
Selling Price |
SP/SqFt |
DOM |
| 0 |
1,247 |
$3,200 |
$22,800 |
$28 |
249 |
| 0 |
686 |
$1,750 |
$1,600 |
$2 |
6 |
| 0 |
887.6 |
$2,264 |
$3,453 |
$4 |
81.8 |
| 0 |
826 |
$1,962 |
$1,900 |
$3 |
51 |
|
#3. Murano Grande at Portofino: 15
400 Alton Road Miami Beach, Florida 33139
Real Estate Market Analysis Report for Rentals: Murano Grande at Portofino
|
|
| |
Total Units |
Total SqFt |
Listing Price |
Selling Price |
SP/SqFt |
DOM |
| 0 |
6,032 |
$25,000 |
$120,000 |
$40 |
255 |
| 0 |
1,400 |
$3,400 |
$2,850 |
$2 |
20 |
| 0 |
2,077.07 |
$7,103 |
$13,007 |
$5 |
98.6 |
| 0 |
1,658 |
$4,750 |
$4,500 |
$3 |
92 |
|
#4. Continuum II: 13
50 South Pointe Drive Miami Beach, Florida 33139
Real Estate Market Analysis Report for Rentals: Continuum II
|
|
| |
Total Units |
Total SqFt |
Listing Price |
Selling Price |
SP/SqFt |
DOM |
| 0 |
2,122 |
$11,500 |
$10,500 |
$5 |
231 |
| 0 |
1,365 |
$4,500 |
$4,200 |
$3 |
41 |
| 0 |
1,851.77 |
$8,192 |
$7,596 |
$4 |
118.15 |
| 0 |
1,869 |
$8,000 |
$7,750 |
$4 |
97 |
|
#5. Ocean Point: 12
345 Ocean Drive Miami Beach, Florida 33139
Real Estate Market Analysis Report for Rentals: Ocean Point
|
|
| |
Total Units |
Total SqFt |
Listing Price |
Selling Price |
SP/SqFt |
DOM |
| 0 |
769 |
$1,700 |
$14,400 |
$22 |
222 |
| 0 |
654 |
$1,100 |
$1,000 |
$2 |
26 |
| 0 |
670.92 |
$1,354 |
$2,498 |
$4 |
117.18 |
| 0 |
659 |
$1,300 |
$1,350 |
$2 |
116 |
|
Following closely behind are two other popular South of Fifth luxury buildings.
Icon: 11
450 Alton Road Miami Beach, Florida 33139
Real Estate Market Analysis Report for Rentals: Icon
|
|
| |
Total Units |
Total SqFt |
Listing Price |
Selling Price |
SP/SqFt |
DOM |
| 0 |
2,158 |
$8,000 |
$5,850 |
$3 |
252 |
| 0 |
851 |
$2,800 |
$2,500 |
$2 |
11 |
| 0 |
1,517.73 |
$4,895 |
$4,186 |
$3 |
81.18 |
| 0 |
1,536 |
$4,950 |
$4,500 |
$3 |
63 |
|
Continuum I: 10
100 South Pointe Drive Miami Beach, Florida 33139
Real Estate Market Analysis Report for Rentals: Continuum I
|
|
| |
Total Units |
Total SqFt |
Listing Price |
Selling Price |
SP/SqFt |
DOM |
| 0 |
2,122 |
$9,000 |
$78,000 |
$46 |
315 |
| 0 |
638 |
$2,750 |
$2,700 |
$3 |
56 |
| 0 |
1,473.6 |
$5,980 |
$12,470 |
$8 |
134.8 |
| 0 |
1,594.5 |
$5,825 |
$5,250 |
$4 |
127 |
|
The compilation of listing and market data information is provided by the REALTORS Association of Greater Miami and the Beaches. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties are subject to prior sale or rental.
I do my best to double check for accuracy, however I am human and errors can occur. Please contact me if you find something that doesn’t look correct and I will be happy to look into it and correct if necessary.
by Jamey on December 8, 2008
Popular Buildings in 33139
| Building |
Active |
Pending |
Closed 2008 |
| Continuum N |
58 |
1 |
13 |
| Continuum S |
48 |
1 |
19 |
| Portofino |
26 |
0 |
10 |
| Apogee |
17 |
0 |
6 |
| Murano Port. |
28 |
2 |
4 |
| Yacht Club |
29 |
3 |
23 |
| Murano G. |
59 |
3 |
22 |
| Icon |
48 |
0 |
33 |
| Bentley Bay |
56 |
0 |
9 |
| The Courts |
17 |
2 |
9 |
| Cosmopolitan |
10 |
2 |
16 |
| Floridian |
67 |
6 |
17 |
| Mirador 1000 |
55 |
7 |
18 |
| Mirador 1200 |
58 |
12 |
21 |
| Mondrian |
8 |
N/A |
N/A |
| Waverly |
50 |
3 |
25 |
| Flamingo |
94 |
16 |
17 |
| Capri |
9 |
N/A |
N/A |
| Sunset Ha. S |
23 |
1 |
21 |
| Sunset Ha. N |
19 |
3 |
17 |
| Setai |
40 |
0 |
14 |
| Il Villaggio |
17 |
0 |
5 |
| W |
3 |
4 |
N/A |
| Decoplage |
46 |
6 |
21 |
| South Pt. To. |
22 |
1 |
11 |
I do my best to double check for accuracy, however I am human and errors can occur. Please contact me if you find something that doesn’t look correct and I will be happy to look into it and correct if necessary. All information provided is deemed reliable but is not guaranteed and should be independently verified. Please see the site disclaimer for more information. The compilation of listing and market data information is provided by MLS of the REALTORS Association of Greater Miami and the Beaches.
by Jamey on October 30, 2008
COSMOPOLITAN
110 Washington Avenue
Miami Beach FL 33139
View Larger Map
One of my favorite buildings “Cosmopolitan” with over 200 units is located in the South of Fifth neighborhood in the heart of South Beach. Cosmopolitan is modern architecture and has a unique lobby that was designed by award-winning designer Tessi Garcia Assoc. Amenities include; professional fitness center, pool deck, water fountains, lounge area, valet parking, concierge service, clubroom, wet bar and billiards table. The residence features gourmet European kitchens with glass features, stainless steel appliances, washer and dryer, balconies, granite kitchen counter-tops and more…
