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421 Meridian Ave # 21, Miami Beach FL 33139

Condo/Co-op For Sale
$1,299,000

BTC: 15.18410286

ETH: 519.60000000

New
2 bds
2 ba
1,115 sqft

Overview

Rare South of Fifth Penthouse Loft | Exceptional Investment & Second-Home Opportunity Discover sophisticated Miami Beach living in this expansive three-story penthouse loft, the largest and most private residence at Meridian 5, ideally located in the coveted South of Fifth neighborhood. Just three blocks from the beach and moments from some of Miami Beach’s finest dining, shopping, and entertainment, this exceptional residence offers the perfect blend of privacy, space, and location. Fully furnished and filled with natural light, the residence features dramatic 20-foot ceilings, motorized shades, and a modern kitchen with stainless steel appliances. The thoughtfully designed three-level layout includes a private lower-level bedroom and full bath, a spacious Primary Suite with its own private terrace, and an exclusive rooftop deck offering breathtaking views of the Miami skyline. Residents enjoy access to a sun-drenched pool, along with deeded covered parking—an exceptional convenience in South of Fifth. With the flexibility to serve as a luxurious primary residence, second home, or investment property, the unit offers rental potential of up to 12 times per year, providing an attractive opportunity in one of Miami Beach’s most sought-after neighborhoods. A rare combination of size, privacy, outdoor space, and location, this distinctive penthouse loft presents an exceptional opportunity to own in South of Fifth.

Location

Details

Type:
Residential
Parking:
1 Space
Year Built:
2011
Lot:
No Data
Heating:
Central
Price/sqft:
$1,165
Cooling:
Central Air
HOA:
$948

Valuation

Our model vs. what's actually selling nearby.
Estimate
$580,000
$385K – $799K
Confidence Low
List vs. estimate
$719K above estimate
List $1,299,000 · +124.0%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Price per sq ft
$1,165
+93.0% vs. city median $603
Based on
1351 MLS comparables
+ 30 public-records sales within 0.5 mi
Median actual sale: $1.8M
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$14,040
2025
HOA
$948/mo
View
Skyline
Garage
1 car garage
All facts and features
  • Flooring

    • Tile

    Heating

    • Central

    Cooling

    • Central Air

    Appliances

    • Dishwasher

    • Disposal

    • Dryer

    • Electric Range

    • Electric Water Heater

    • Microwave

    • Washer

    Other interior features

    • First Floor Entry

    • Built-in Features

    • Volume Ceilings

    Bedrooms and bathrooms

    • Bedrooms: 2

    • Full bathrooms: 2

  • Parking

    • 1 Space

    Property

    • Exterior Features: East Of Us1 / Courtyard

    Other Property Information

    • Parcel Number: 02-42-03-354-0200

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Condominium

  • Other financial information

    • HOA: $948

    • HOA Frequency: Monthly

    • Annual tax amount: $14,040

  • Source details

    • MLS ID: A12092729

    Other facts

    • Construction Materials: Concrete Block Construction

    • Patio And Porch Features: Patio

    • Window Features: Clear Impact Glass / Blinds

    • Architectural Style: Corner Unit / Penthouse

    • Garage Spaces: 1

    • Garage: Yes

    • Living Area: 1115

    • Subdivision Name: MERIDIAN 5 CONDO

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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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: Douglas Elliman