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Buildings/South Beach/THE COURTS AT SOUTH BEACH

Luxury

THE COURTS AT SOUTH BEACH

151 Michigan Ave, Miami Beach 33139

2004

Year Built

Units

—

For Sale

—

Avg Price

—

Sale $/SF

For Rent

—

Avg Rent

$5.64

Rent $/SF

+7.3%

YoY

For Sale

For Rent

Investor-Owned

55%

Avg HOA

—

Building Details

Address

151 Michigan Ave, Miami Beach, 33139

Neighborhood

South Beach

Year Built

2004

Total Units

Avg Unit Sqft

1,276 SF

Tier

Luxury

Rent $/SF

$5.64/SF

Neighborhood Rank

Top 22%

Avg Unit Value

$941K

Total Sales (All-Time)

Investment Analysis

Yield Metrics

Rental Yield (annualized)—

YoY Appreciation+7.3%

Total Yield77.8%

Liquidity & Demand

Closed Sales (120d)0

Investor-Owned55%

For Sale0

For Rent1

Top 22%

Neighborhood percentile

Market Data

Sale Price Trend ($/SF)

$808

Rental Price Trend ($/SF)

$0.00

Building Activity

Closed Sales (120d)

transactions

Low volume

Sales & Listings

Active Listings

For Rent (1)

$5K

Unit 533

2 bd2 ba940 sf

$6/SF25 DOM

Recent Sales

Date	Price	$/SF	Bed/Bath	SF
May 12, 2025	$1.2M	$808.08	3/3	1,485
May 7, 2024	$1.4M	$909.09	3/3	1,485
Jun 8, 2022	$790K	$683.98	2/2	1,155
Apr 11, 2022	$985K	$756.53	2/2	1,302
Mar 28, 2022	$1.3M	$841.75	3/3	1,485
Feb 15, 2022	$605K	$643.62	2/2	940
Oct 18, 2021	$1.2M	$900	2/2	1,300
Apr 5, 2021	$950K	$639.73	3/3	1,485
Aug 16, 2019	$600K	$460.83	2/2	1,302
Jul 12, 2019	$740K	$498.32	3/3	1,485
Oct 10, 2018	$690K	$530.77	2/2	1,300
Feb 9, 2018	$590K	$627.66	2/2	940
Dec 15, 2017	$740K	$569.23	2/2	1,300
Jan 13, 2017	$615K	$654.26	2/2	940
Jun 13, 2014	$630K	$545.45	2/2	1,155
Mar 19, 2014	$890K	$599.33	3/3	1,485
Nov 27, 2013	$506K	$437.75	2/2	1,155
Oct 28, 2013	$830K	$558.92	3/3	1,485
May 20, 2013	$595K	$457.69	2/2	1,300
Jun 30, 2011	$415K	$441.49	2/2	940
Dec 7, 2010	$603K	$406.06	3/3	1,485
Jun 9, 2010	$600K	$404.04	3/3	1,485
Nov 13, 2009	$400K	$425.53	2/2	940
Jun 29, 2009	$450K	$389.61	2/2	1,155
May 12, 2009	$399K	$345.45	2/2	1,155

Units & Ownership

Total Units

Avg Sqft

1,276 SF

Avg Assessed

$726K

Owner-Occupied

45%

Tax & Ownership

Investor-Owned

55%

Owner-Occupied

45%

Avg Assessed Value

$726K

Avg Taxable Value

$702K

Effective Year Built

2004

Zoning

6506

Unit Mix

2 BR14

Avg 1,156 SF

3 BR8

Avg 1,485 SF

Unit Directory

Showing 10 of 22 units

Unit	Beds	Baths	SF	Assessed	Owner	Last Sale	$/SF	Sale Date
511	2	2	1,302	$907K	—	$985K	$757	Apr 2022
512	3	3	1,485	$552K	✓	$410K	$276	Jul 2003
513	2	2	940	$636K	—	$615K	$654	Jan 2017
514	2	2	1,155	$704K	—	$450K	$390	Jun 2009
515	3	3	1,485	$745K	✓	$740K	$498	Jul 2019
521	2	2	1,300	$531K	✓	$378K	$291	Aug 2003
522	3	3	1,485	$1.1M	—	$1.2M	$808	May 2025
523	2	2	940	$636K	—	$590K	$628	Feb 2018
524	2	2	1,155	$338K	✓	$399K	$345	May 2009
525	3	3	1,485	$1.0M	—	$600K	$404	Jun 2010

Brokerage	Agents	Sales	Volume
ONE Sotheby's International Realty	3	6	$7.1M
Coldwell Banker	1	2	$1.6M
S Serrano & Associates Real Estate, LLC	1	2	$1.6M
Douglas Elliman	1	1	$1.2M
A Alux Properties	1	1	$1.2M

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THE COURTS AT SOUTH BEACH

Building Details

Investment Analysis

Yield Metrics

Liquidity & Demand

Market Data

Sales & Listings

Units & Ownership

Active Agents

Brokerages

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