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1508 Meridian Ave, Miami Beach FL 33139

Commercial For Sale
$1,200,000

BTC: 18.69461428

ETH: 680.68113492

39 days
0 room(s)

Overview

This offering represents the acquisition of four contiguous condominium units within The Castle Meridian Condominium, a boutique 12-unit Art Deco complex located in the heart of South Beach. The condominium is composed of three adjacent buildings: • 1506 Meridian Avenue – 4 units • 1508 Meridian Avenue – 4 units • 1510 Meridian Avenue – 4 units The subject offering includes 100% of the units within the central building at 1508 Meridian Avenue (Units 3, 4, 9 & 10). Folio:02-3234-228-0100 Folio:02-3234-228-0090 Folio:02-3234-228-0040 Folio:02-3234-228-0030 Total Annual Gross Income: $91,200 Annual Operating Expenses (HOA + Property Taxes) $30,114.32 • The 40-Year Certification process is currently in its final phase of completion. • All special assessments will be paid in full by the Seller at closing.

Location

Florida • Miami Beach • 33139 • Commercial • For Sale

Details

Type:
Commercial Sale
Parking:
No Data
Year Built:
1935
Lot:
7500 Square Feet
Heating:
No Data
Price/sqft:
No Data
Cooling:
No Data
HOA:
$1,390

Valuation

Our model vs. what's actually selling nearby.
Estimate
$2,800,000
$1.3M – $3.2M
Confidence Low
List vs. estimate
$1.6M below estimate
List $1,200,000 · -57.1%
Our model says this listing is priced below recent comparable activity. Expect competition.
Based on
13 MLS comparables
+ 30 public-records sales within 0.5 mi
Median actual sale: $438K
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$13,398
2025
HOA
$1,390/mo
All facts and features

  • Lot

    • Lot: 7500 Square Feet

    Other Property Information

    • Parcel Number: 02-32-34-228-0100

    • Zoning: 0000

  • Type and style

    • Property Type: Commercial Sale

    • Property Sub Type: Income/MultiFamily

  • Other financial information

    • HOA: $1,390

    • HOA Frequency: Monthly

    • Annual tax amount: $13,398

  • Source details

    • MLS ID: A12018961

Private inquiry
Talk to the advisor on this listing.
Floor plans, HOA docs, off-market comparables, scheduling a private showing — one message, direct to the local specialist.

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Market around this address

Live counts in the same area.
View all
This zip
33139
1,046
median $575K
Active
Same city
Miami Beach
2,567
median $629K
Active
Same type
Commercial
163
median $1.9M
Active
Similar price
$840K – $1.6M
376
median $1.1M
Active

The multiple listing information is provided by the Miami Association of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Miami Association of REALTORS®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: Sermoneta Real Estate Group Corp