421 Meridian Avenue 15, Miami Beach, FL 33139

2 bed · 2 bath · 1,013 sqft · Built 2011

Rare opportunity to own a unique two-story penthouse fully furnished in the heart of South of Fifth, one of Miami Beach’s most desirable neighborhoods, just four blocks from the beach. This residence features 2 bedrooms, 2 bathrooms, high ceilings, a balcony on the first level, and a private rooftop terrace on the second level, ideal for relaxing or entertaining. Located in an intimate boutique building with a swimming pool, the property offers privacy, comfort, and an exceptional location near South Pointe Park, the marina, restaurants, cafés, shopping, and the beach. The building allows rentals up to 12 times per year, providing flexibility for investors and end users. The unit is currently rented month-to-month for $6,500 per month, offering immediate rental income and future occupancy flexibility.

Property type

Condominium

Condition

Resale

Year built

2011

Stories

4

Subdivision

MERIDIAN 5 CONDO

Waterfront

No

Private pool

No

HOA (monthly)

$892

Parcel number

0242033540140

Annual tax

$17,752

Miami Beach runs from South Beach Art Deco condos to Mid-Beach high-rises and North Beach single-family pockets. The condo market dwarfs the SFH market here — supply dynamics diverge sharply by submarket.