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Buildings/South Beach/THE FLORIDIAN CONDO

Luxury

THE FLORIDIAN CONDO

650 West Ave, Miami Beach 33139

1997

Year Built

334

Units

CI Score

Strong

For Sale

$1.3M

Avg Price

$913

Sale $/SF

For Rent

$6,000

Avg Rent

$6.22

Rent $/SF

+1.4%

YoY

For Sale

For Rent

Investor-Owned

70%

Avg HOA

$1,616/mo

The Floridian is a luxury condominium located in the heart of South Beach at 650 West Ave, offering 334 units ranging from 1 to 3 bedrooms across diverse floor plans. Built in 1997, this established property provides residents with direct access to Miami Beach's vibrant dining, entertainment, and cultural scene. The building caters to both primary residents and investors seeking exposure to one of Miami's most desirable neighborhoods.

Building Details

Address

650 West Ave, Miami Beach, 33139

Neighborhood

South Beach

Year Built

1997

Total Units

334

Avg Unit Sqft

1,078 SF

Tier

Luxury

Avg $/SF

$912.57

Avg Rent

$6,000/mo

Rent $/SF

$6.22/SF

HOA Range

$1,076 – $2,664

Neighborhood Rank

Top 4%

Avg Unit Value

$846K

Total Sales (All-Time)

1,115

Amenities

PoolFitness CenterLobbyElevatorParking Garage24-Hour SecurityConcierge

Investment Analysis

Yield Metrics

Rental Yield (annualized)9.7%

YoY Appreciation+1.4%

Total Yield85.2%

Median Rent$6,000/mo

YoY Rent Change-20.0%

YoY Sale $/SF Change+5.3%

Market Data

Sale Price Trend ($/SF)

$995

-26.7%

Rental Price Trend ($/SF)

$5.23

+5.9%

Building Activity

Days on Market

days

Normal pace

Months of Inventory

14.4

months

Buyer's market

Sale-to-List Ratio

93.1%

Fair negotiation

Price Reductions

100%

of listings

Many price cuts

Closed Sales (120d)

transactions

Moderate activity

Median Rent

$6,000

/month

Sales & Listings

Active Listings

For Sale (6)

$569K

1 bd1 ba746 sf

$590K

Unit 2206

1 bd1 ba746 sf

$791/SF73 DOM

$749K

Unit 1605

1 bd1 ba746 sf

$750K

2 bd2 ba1,078 sf

$696/SF234 DOM

$999K

3 bd2 ba1,191 sf

$839/SF218 DOM

$1.1M

Unit 1004

2 bd2 ba1,078 sf

For Rent (6)

$4K

Unit 307

1 bd1 ba721 sf

$5/SF

$4K

Unit 1406

1 bd1 ba746 sf

$5/SF

$5K

Unit 805

1 bd1 ba746 sf

$6/SF2 DOM

$5K

Unit 1102

2 bd2 ba1,147 sf

$4/SF52 DOM

$5K

2 bd2 ba1,078 sf

$5/SF132 DOM

$6K

Unit 1605

1 bd1 ba746 sf

Recent Sales

Date	Price	$/SF	Bed/Bath	SF
Jan 13, 2026	$1.1M	$937.23	2/2	1,147
Nov 17, 2025	$740K	$991.96	1/1	746
Oct 8, 2025	$1.5M	$1,215.56	3/2	1,234
Oct 7, 2025	$1.1M	$959.02	2/2	1,147
Sep 24, 2025	$1.6M

Units & Ownership

Total Units

334

Avg Sqft

1,078 SF

Avg Assessed

$727K

Owner-Occupied

30%

Tax & Ownership

Investor-Owned

70%

Owner-Occupied

30%

Avg Assessed Value

$727K

Avg Taxable Value

$711K

Effective Year Built

1997

Zoning

4100

Unit Mix

1 BR73

Avg 737 SF

2 BR211

Avg 1,148 SF

3 BR49

Avg 1,203 SF

Unknown1

Avg 5,143 SF

Unit Directory

Showing 10 of 334 units

Unit	Beds	Baths	SF	Assessed	Owner	Last Sale	$/SF	Sale Date
—	—	—	5,143	$517K	—	$250K	$49	Feb 1999
301	2	2	1,147	$868K	✓	$849K	$740	Mar 2022
302	1	1	704	$324K	—	$405K	$575	Dec 2022
303	1	1	687	$312K	—	$360K	$524	Dec 2021
304	1	1	735	$350K	—	$157K	$214	Jun 2010
305	1	1	710	$370K	—	$440K	$620	Apr 2017
306	1	1	746	$363K	—	$455K	$610	Mar 2025
307	1	1	721	$373K	✓	$499K	$692	Apr 2024
308	1	1	573	$318K	✓	$185K	$323	Jul 2010
401	2	2	1,147	$876K	✓	$115K	$100	Nov 2022