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.
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