$1,700,000
531 16th Street
Miami Beach, FL 33139
Explore the area: Miami Beach homes for sale · Miami Dade County real estate
Price Check
How this price compares
- List price
- $1,700,000
- Price per sq ft
- N/A
- Original price
- Unchanged
- Days on market
- 190
This commercial property in ZIP 33139 is listed at $1,700,000. It has been on the market for 190 days.
Estimated monthly payment
$8,934 /mo
Principal and interest only, based on $340,000 down (20%), a 6.875% 30-year fixed rate. Property taxes, homeowners insurance are not included.
Customize this estimateListing Snapshot
- Price
- $1,700,000
- Days on Site
- 190 Days
- Bedrooms
- 0
- Total Baths
- 0
- Total Sq Ft
- 10,820 sqft
- Lot Size
- 0.18 Acres
- Year Built
- 1947
- Property Type
- Commercial
- MLS #
- A11975379
- County
- Miami Dade
- Status
- Active
About This Property
Unique opportunity to acquire this Land Lease with excellent income-producing 14-unit multifamily building in the heart of South Beach. Building offers a healthy unit mix, fully rented, low expenses, quality long-term tenants. Favorable land lease structure expiring in 20 years, low fixed annual lease payment for the entirety of the lease term with no escalations! NEW ROOF! Completed December 2024. Great cap rate in a strong rental market with upside on rents, financing opportunities available. Located in the heart of South Beach and the historic Art Deco District, ideally situated just steps away from the world-famous Lincoln Road and its promenade of 200+ retail shops, restaurant and cafes. Building is well-kept and well-managed. Financials available upon request.
MLS media linkGeneral Features
- Property Type
- Commercial
- Status
- Active
- Year Built
- 1947
- Parking
- On Street
- Lot Size (Acres)
- 0.18
- Total Sq Ft
- 10,820
- Zoning
- 3900
Community & HOA
- Financing Terms
- Cash / Conventional
- 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 531 16th Street, Miami Beach, FL 33139?
- Use the Tour button on this listing to request a showing of 531 16th Street, Miami Beach, FL 33139. 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 531 16th Street, Miami Beach, FL 33139 still available?
- 531 16th Street, Miami Beach, FL 33139 is currently listed as Active, and has been on the market 190 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 531 16th Street, Miami Beach, FL 33139?
- With 20% down ($340,000) on the $1,700,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 531 16th Street, Miami Beach, FL 33139 is about $8,934/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 531 16th Street, Miami Beach, FL 33139?
- Getting pre-approved shows sellers you're a serious buyer and clarifies your true budget before you offer on 531 16th Street, Miami Beach, FL 33139. 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 531 16th Street, Miami Beach, FL 33139?
- Often, yes. The right offer on 531 16th Street, Miami Beach, FL 33139 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 Avanti Way Commercial
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.
$1,700,000
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Listed by Fernando Arencibia, Avanti Way Commercial
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Recent Sales
Recently sold homes in ZIP 33139
These are the last 6 recorded closings in ZIP 33139, with the price each home actually sold for rather than what it was listed at. They closed at a median of $611 per square foot. The most recent closed on October 15, 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$430,000
Sold · October 15, 2026
2155 Washington Court 205
1 bed · 1.5 bath · 748 sqft · $575/sqft
$20,000 under the asking price
Sold$290,000
Sold · October 14, 2026
1052 Ocean Drive C203
1 bed · 1 bath · 475 sqft · $611/sqft
$7,000 under the asking price
Sold$1,065,000
Sold · October 14, 2026
1250 Ocean Drive 2N
2 bed · 2.5 bath · 1,387 sqft · $768/sqft
$34,000 under the asking price
Sold$238,000
Sold · October 14, 2026
224 Meridian Avenue 9
0 bed · 1 bath · 395 sqft · $603/sqft
$11,000 under the asking price
Sold$23,500,000
Sold · October 12, 2026
1266-1276 S Venetian Way
4 bed · 4.5 bath · 3,603 sqft · $6,522/sqft
Sold$350,000
Sold · October 9, 2026
1027 Pennsylvania Avenue 302
2 bed · 2 bath · 790 sqft · $443/sqft
$9,000 under the asking price
See every recorded sale in ZIP 33139 or find out what your ZIP 33139 home is worth.
