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 January 17, 2009
Over the last six months, 1041 properties have rented in South Beach (33139). Over the last thirty days 128 properties have rented. Based on the MLS statistics it’s taking about three months to rent out a unit and honestly I think that is a pretty accurate average. If price, location and condition are good, most of my rental listings rent in about 90 days or less.
A list by popular buildings of rented condos in South Beach over last 30 days.....
| SN |
#BEDS |
#FB |
#HB |
LA |
List Price |
Rented Price |
| 1500 OCEAN DRIVE CONDO |
2 |
2 |
1 |
1740 |
6,900 |
7,000 |
| 1500 OCEAN DRIVE CONDO |
2 |
3 |
0 |
1740 |
5,500 |
7,000 |
| ABSOLUT CONDO |
2 |
2 |
0 |
1445 |
2,900 |
2,625 |
| ABSOLUT CONDO |
2 |
2 |
0 |
1444 |
2,850 |
2,400 |
| ABSOLUT CONDO |
2 |
2 |
0 |
1444 |
2,700 |
2,450 |
| Artecity Governor |
1 |
1 |
0 |
651 |
1,500 |
1,500 |
| BAYVIEW CONDO |
2 |
2 |
0 |
890 |
1,600 |
1,550 |
| BONNE VIE CONDO |
1 |
1 |
0 |
723 |
1,500 |
1,400 |
| CONTINUUM NORTH TOWER |
2 |
2 |
1 |
1924 |
9,000 |
8,000 |
| Continuum North Tower |
2 |
2 |
1 |
2122 |
8,800 |
8,000 |
| CONTINUUM NORTH TOWER |
2 |
2 |
1 |
1491 |
5,150 |
4,100 |
| CONTINUUM NORTH TOWER |
1 |
1 |
1 |
992 |
4,250 |
3,500 |
| CONTINUUM NORTH TOWER |
1 |
1 |
0 |
760 |
3,500 |
3,400 |
| CONTINUUM ON SOUTH BEACH |
2 |
2 |
1 |
|
7,500 |
6,900 |
| CONTINUUM ON SOUTH BEACH |
2 |
2 |
1 |
1591 |
6,800 |
6,200 |
| CONTINUUM ON SOUTH BEACH |
2 |
2 |
1 |
1591 |
6,500 |
5,500 |
| FLAMINGO SOUTH BEACH I |
2 |
2 |
0 |
1221 |
2,600 |
2,600 |
| FLAMINGO SOUTH BEACH I CO |
2 |
2 |
0 |
1072 |
3,500 |
2,000 |
| FLAMINGO SOUTH BEACH I CO |
2 |
2 |
0 |
1121 |
2,800 |
2,000 |
| FLAMINGO SOUTH BEACH I CO |
2 |
2 |
0 |
1121 |
2,000 |
1,700 |
| FLAMINGO SOUTH BEACH I CO |
0 |
1 |
0 |
461 |
1,775 |
2,000 |
| FLAMINGO SOUTH BEACH I CO |
1 |
1 |
0 |
737 |
1,650 |
1,300 |
| FLAMINGO SOUTH BEACH I CO |
1 |
1 |
0 |
745 |
1,600 |
1,600 |
| FLAMINGO SOUTH BEACH I CO |
1 |
1 |
0 |
737 |
1,500 |
1,500 |
| HENDERSON CONDO |
2 |
2 |
0 |
900 |
1,850 |
1,850 |
| ICON |
3 |
3 |
0 |
2158 |
8,000 |
4,900 |
| ICON |
2 |
2 |
1 |
1750 |
5,000 |
4,300 |
| ICON CONDO |
2 |
2 |
1 |
1750 |
4,950 |
4,500 |
| ICON CONDO |
2 |
2 |
0 |
1536 |
4,900 |
4,900 |
| IL VILLAGGIO ON SOUTH BEA |
2 |
3 |
0 |
1780 |
14,000 |
10,000 |
| IL VILLAGGIO ON SOUTH BEA |
2 |
2 |
1 |
1550 |
13,000 |
10,000 |
| MIRADOR 1000 CONDO |
2 |
2 |
0 |
1187 |
1,700 |
1,700 |
| MIRADOR 1200 CONDO |
1 |
1 |
0 |
837 |
1,900 |
2,000 |
| MURANO AT PORTOFINO CONDO |
2 |
2 |
1 |
2008 |
6,500 |
6,500 |
| MURANO GRANDE AT PORTOFIN |
2 |
2 |
1 |
2003 |
5,100 |
4,500 |
| NINE ISLAND AVENUE CONDO |
2 |
2 |
0 |
1154 |
2,200 |
1,900 |
| OCTAGON TOWERS I CONDO |
2 |
2 |
0 |
830 |
1,795 |
1,700 |
| PORTOFINO TOWER CONDO |
3 |
2 |
1 |
2340 |
6,250 |
5,800 |
| RIVO ALTO AMD |
4 |
2 |
1 |
2088 |
6,750 |
6,400 |
| Roney Palace |
2 |
2 |
0 |
1488 |
3,500 |
0 |
| RONEY PALACE CONDO |
1 |
1 |
0 |
880 |
2,300 |
1,800 |
| RONEY PALACE CONDO |
1 |
1 |
0 |
880 |
1,650 |
4,950 |
| ROYAL ATLANTIC CONDO |
1 |
1 |
0 |
654 |
1,750 |
1,750 |
| SOUTH POINTE TOWERS CONDO |
3 |
3 |
0 |
1802 |
4,500 |
4,500 |
| SUNDANCE CONDO |
2 |
2 |
0 |
1377 |
2,900 |
2,800 |
| THE ALLIAGE CONDO |
2 |
2 |
0 |
1256 |
2,600 |
2,500 |
| THE AMBASSADORS CONDO |
2 |
2 |
0 |
940 |
2,000 |
1,900 |
| THE COSMOPOLITAN RESIDENC |
2 |
2 |
1 |
1247 |
2,900 |
2,650 |
| THE COSMOPOLITAN RESIDENC |
1 |
1 |
0 |
686 |
1,800 |
1,700 |
| THE COSMOPOLITAN RESIDENC |
1 |
1 |
0 |
686 |
1,800 |
1,600 |
| THE COURTS AT SOUTH BEACH |
2 |
2 |
0 |
1300 |
2,999 |
2,750 |
| THE FLAMINGO SOUTH TOWER |
1 |
1 |
0 |
792 |
1,500 |
1,500 |
| THE FLORIDIAN CONDO |
2 |
2 |
0 |
1078 |
2,600 |
2,500 |
| THE GRAND VENETIAN CONDO |
2 |
2 |
0 |
1477 |
4,250 |
3,800 |
| THE LEXINGTON EUCLID COND |
2 |
2 |
0 |
1000 |
2,000 |
2,000 |
| THE MERIDIAN CONDO |
1 |
1 |
0 |
996 |
1,850 |
1,600 |
| THE MONTCLAIR CONDO |
1 |
2 |
0 |
1035 |
2,700 |
2,600 |
| THE MONTCLAIR CONDO |
1 |
2 |
0 |
995 |
2,600 |
2,400 |
| THE MONTCLAIR CONDO |
2 |
2 |
0 |
1014 |
1,900 |
1,800 |
| THE WAVERLY AT SOUTH BEAC |
2 |
2 |
0 |
1262 |
3,000 |
2,900 |
| THE WAVERLY AT SOUTH BEAC |
2 |
2 |
0 |
1262 |
3,000 |
3,200 |
| THE WAVERLY AT SOUTH BEAC |
2 |
2 |
0 |
1084 |
2,450 |
2,100 |
| YACHT CLUB AT PORTIFINO C |
2 |
2 |
0 |
1130 |
4,000 |
3,900 |
| YACHT CLUB AT PORTIFINO C |
4 |
3 |
1 |
1920 |
3,795 |
3,800 |
| YACHT CLUB AT PORTIFINO C |
2 |
2 |
0 |
1130 |
3,500 |
3,500 |
| YACHT CLUB AT PORTIFINO C |
2 |
2 |
0 |
1130 |
2,800 |
2,300 |
| YACHT CLUB AT PORTIFINO C |
1 |
1 |
0 |
780 |
2,500 |
2,500 |
| YACHT CLUB AT PORTIFINO C |
1 |
1 |
0 |
780 |
2,000 |
1,750 |
| YACHT CLUB AT PORTOFINO |
2 |
2 |
0 |
1080 |
2,600 |
2,400 |
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 15, 2008
1. The Yacht Club at South Beach is a real rental machine. ”Wow”, this property rented 78 properties so far this year. I know that they allow short term leases, so this definitely reflects more opportunities to lease. The least expensive unit rented was a 1/1 furnished unit that rented for $1800.00 per month and the most expensive was a furnsihed penthouse on the 32nd floor and it rented for $6250 per month.
2. What do you get for $19,500 per month at ICON on South Beach? from the MLS:
Luxury 3 bedroom high-rise rental. Located in the heart of South Beach, this one of a kind Masterpiece has 4,300Sq.Ft. +. In addition this corner unit boasts 2 terraces encompassing approx. 1,500 Sq.Ft. This very unique waterfront dream rental is set on the 18 floor. With phenomenal views of Miami skyline, Ocean, Intracoastal, Fisher Island, star Island, Miami Beach Marina. This unit has Marble and wood floors throughout completely furnished.with Fendi & Baxter furniture as well as unique custom built ins.
3. There’s a really good deal on a rental at Floridian, 650 West Avenue Miami Beach, Florida 33139. A 1 bedroom/1 bath unit with parking on the third floor is listed at $1550 per month. This is one of the least expensive units ever listed for rent in Floridian.
4. Flamingo South Beach at 1500 Bay Road Miami Beach, Florida 33139 is another one of those rental hounds. 72 units were rented in the building this year. Right now there are 71 units for rent. **These are just the numbers for the south tower. The middle and north towers are run by a management company and these properties are not on the MLS.
Have more questions about rentals on South Beach? Contact me today: 305-793-8965 Or send me an email.
