$4,600,000
420 78th Street
Miami Beach, FL 33141
Explore the area: Miami Beach homes for sale · Miami Dade County real estate
Price Check
How this price compares
- List price
- $4,600,000
- Price per sq ft
- N/A
- Original price
- $4,900,000
- Days on market
- 150
This commercial property in ZIP 33141 is listed at $4,600,000. The asking price has come down 6.1% from its original $4,900,000. It has been on the market for 150 days.
Estimated monthly payment
$24,175 /mo
Principal and interest only, based on $920,000 down (20%), a 6.875% 30-year fixed rate. Property taxes, homeowners insurance are not included.
Customize this estimateListing Snapshot
- Price
- $4,600,000
- Days on Site
- 150 Days
- Bedrooms
- 0
- Total Baths
- 0
- Total Sq Ft
- 7,821 sqft
- Lot Size
- 0.13 Acres
- Year Built
- 1940
- Property Type
- Commercial
- MLS #
- A12003967
- Property Tax
- $62,313 (2025)
- County
- Miami Dade
- Status
- Active
About This Property
420 78th St is a 23-unit multifamily property located in the heart of North Beach, just steps from the ocean. The asset consists of 22 studio units and one 1-bedroom/1-bath unit within a 7,821 SF, three-story building, currently generating approximately $408,000 in gross income. The property is fully occupied, offering strong in-place cash flow with additional upside through future rent growth, making it an attractive investment opportunity in a high-demand rental market. Positioned in a prime beachside location, the property benefits from consistent tenant demand and is just minutes from major employment hubs, retail, and dining, as well as Downtown Miami. The offering also includes a highly attractive assumable loan through CBRE with an approximate $1.7M balance at a 3.18% interest rate, providing a significant financing advantage for a new owner.
MLS media linkGeneral Features
- Property Type
- Commercial
- Status
- Active
- Year Built
- 1940
- Property Condition
- Resale
- Lot Size (Acres)
- 0.13
- Total Sq Ft
- 7,821
- Sewer
- Public Sewer
- Water Source
- Public
- Zoning
- 3900
Community & HOA
- Financing Terms
- Assumable / Cash / Conventional / Other
- MLS Area
- 2320
About the Area
Browse Miami Beach homes for sale across every neighborhood and price point in Miami-Dade. Available homes span single-family, townhome, and condo segments throughout the city. Miami Beach includes gated golf communities, 55+ active adult neighborhoods, waterfront estates, and newer master-planned subdivisions. HOA fees vary by community type, from modest maintenance fees in non-gated subdivisions to higher dues in full-amenity country clubs. The city sits within Miami-Dade, offering access to South Florida beaches, major employment centers, and healthcare hubs. For current Miami-Dade market data, see Florida Realtors' monthly statistics. Browse the latest Miami Beach listings below. Then connect with a Pure Equity agent to schedule a private showing.
- Homes for Sale
- 2,151
- Under Contract
- 253
- Median List Price
- $650,000
- Median Sale Price (September)
- $662,500
- Median $/Sq Ft
- $697
- Avg Days on Market
- 174
Frequently Asked Questions
- How do I schedule a tour of 420 78th Street, Miami Beach, FL 33141?
- Use the Tour button on this listing to request a showing of 420 78th Street, Miami Beach, FL 33141. Pick a day and time and choose an in-person or video-chat tour, and a Pure Equity agent will confirm your visit, often the same day.
- Is 420 78th Street, Miami Beach, FL 33141 still available?
- 420 78th Street, Miami Beach, FL 33141 is currently listed as Active, and has been on the market 150 days. Status updates directly from the MLS as homes go under contract, so ask us to confirm availability before you plan a visit.
- How much is the monthly payment for 420 78th Street, Miami Beach, FL 33141?
- With 20% down ($920,000) on the $4,600,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 420 78th Street, Miami Beach, FL 33141 is about $24,175/mo, before property taxes, insurance. Use the payment estimate on this page to adjust the down payment and rate.
- How do I get pre-approved to buy 420 78th Street, Miami Beach, FL 33141?
- Getting pre-approved shows sellers you're a serious buyer and clarifies your true budget before you offer on 420 78th Street, Miami Beach, FL 33141. Contact Pure Equity and we'll connect you with a trusted local lender to review your financing options, no obligation.
- Can I negotiate the price of 420 78th Street, Miami Beach, FL 33141?
- Often, yes. The right offer on 420 78th Street, Miami Beach, FL 33141 depends on how it's priced against comparable commercial sales in Miami Beach, how long it's been listed, and how motivated the seller is. Pure Equity will run the comps and help you craft a competitive, well-supported offer.
Listing courtesy of Fausto Commercial Realty Consultants Inc
Listing information is provided by BeachesMLS, Inc.and is deemed reliable but not guaranteed accurate by the MLS or Pure Equity. Information is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. © 2026 BeachesMLS, Inc. Last updated June 23, 2026.
$4,600,000
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Listed by Elior Levi, Fausto Commercial Realty Consultants Inc
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Recent Sales
Recently sold homes in ZIP 33141
These are the last 6 recorded closings in ZIP 33141, with the price each home actually sold for rather than what it was listed at. They closed at a median of $524 per square foot. The most recent closed on October 14, 2026. Closed sales are what an appraiser and a buyer's agent will look at, so they are the starting point for pricing a home here.
Sold$575,000
Sold · October 14, 2026
7928 East Drive 1202
2 bed · 2.5 bath · 1,113 sqft · $517/sqft
Sold$515,000
Sold · October 14, 2026
6767 Collins Avenue 304
2 bed · 2 bath · 1,180 sqft · $436/sqft
$30,000 under the asking price
Sold$450,000
Sold · October 9, 2026
6345 Collins 732
1 bed · 1 bath · 430 sqft · $1,047/sqft
Sold$450,000
Sold · October 9, 2026
6345 Collins Avenue 908
0 bed · 1 bath · 380 sqft · $1,184/sqft
$50,000 under the asking price
Sold$670,000
Sold · October 9, 2026
6423 Collins Avenue 1204
1 bed · 2 bath · 1,278 sqft · $524/sqft
$55,000 under the asking price
Sold$280,000
Sold · October 9, 2026
6450 Collins Avenue 403
1 bed · 1.5 bath · 1,006 sqft · $278/sqft
See every recorded sale in ZIP 33141 or find out what your ZIP 33141 home is worth.
