Here is a list of the 10 most recently listed units for sale in the South of Fifth neighborhood. Five of them are 2 bedroom units, four have one bedroom and the last is a Studio unit. They range in price from the mid $200,000’s to the low $6 million range. Most of them are waterfront units and a majority of those are from the Luxury high-rise Towers including the Continuum South Tower, Portofino Tower, and the Murano Grande.
Perhaps the best opportunity to own a renovated 3/3/1 waterfront condominium in the South of Fifth neighborhood of Miami Beach. Now with a $150,000 price reduction, it can be yours for just $3,599,000. Created by combining 2 smaller units, it now boasts 2,643 SF of Living Space, features 4 parking spaces (2 assigned and 2 Valet), and is temperature controlled by two separate systems. The Flo-thru unit is located on the Lanai level with an expansive Terrace providing easy access to to the Pool, Tennis Court and Restaurant. The interior space is well thought out with a formal Living/Dining area and Primary Bedroom Suite at one end and a Family Room with two en-suite Bedrooms separated by a large kitchen, at the other. The building remains as one of the most desirable in the neighborhood for its broad amenity mix which includes Valet Parking, on-Site Management, a modern Gym, Pool, and Tennis Court and more. MLS# A11714759
The unit is easy to show and available to view by appointment
Sunday, July 13, 2025
12:00 – 2:00
This impeccable 3 Bedroom 3.5 Bath unit at the Lanai level the Murano Grande Condominium at 400 Alton Road in Miami Beach is a “Must See.” Carefully reconfigured from two smaller units, it features a thoughtfult balance of formal and family space by having the Primary Bedroom and formal living/Dining room at one end, and another two Bedrooms and family room at the other, separated by a great kitchen, Gallery and entertaining space. It also boasts 4 parking spaces for Valet and Self Parking. The new Flo-thru design features a sunrise balcony at one end and an oversized terrace at the other just steps up to the Pool Deck, Tennis Court, and Restaurant. If you can’t make the Open House let me know to arrange for a private showing at your convenience.
The market for Luxury Waterfront condominiums in the South of Fifth neighborhood has been especially slow over the past 6 months. There are currently 14 units with 3 Bedrooms and 3.5 Baths for Sale in the buildings like Murano, Continuum, Apogee and a few others, but surprisingly there have only been 2 sales plus a third unit under agreement, in the past 6 months. As a reference, in the previous six months, six units were sold, and while this is not a large sample, it is still an indicator of the sales pace and trajectory.
The units in the group currently for sale range in price from $3,750,000 for a 2,635 SF unit with 4 parking spaces at Murano Grande, to a $25,900,000 for a 4,776 SF unit at the Continuum N Tower. The former selling for about $1,400/SF and the latter about $5,400/SF.
Six of the sales in the past year occurred between May and October, typically considered the off-season. Notably those sales were before the last Presidential election while the other 2 sales happened post-election. The economic uncertainty over tariffs and immigration since the election could be a factor is this condition. If it is, I don’t think we can expect the same seasonal bump-up in sales that we saw last year to happen this year. Much of the tourism and sales that occur during the Summer months are a result of international tourism, which I suspect will be down at least over the next few months.
That said, and with the firm conviction that Miami Beach will remain a leading global destination, let’s look at unit 509 at the Murano Grande. There is only one 3/3/1 unit available for sale there, the other two either recently sold or currently under agreement. It is the the lowest price $/SF of the units, unique renovation plan which is perfect for families, well situated on the Lanai level for easy access to the Pool, Tennis and Restaurant, and has an oversized terrace on one side and a balcony on the other.
Nice 1BR/1B unit with parking in the center of the South of Fifth neighborhood. This mid-size building is well maintained and operates with low maintenance fees. The unit has new Impact glass throughout and there are no outstanding assessments. South of Fifth is the most desirable neighborhood on the Beach for within this small triangle at the Southern tip of Miami Beach is easy access to the Beach, Marina, South Pointe Park and great Restaurants.
