1508 Meridian Avenue, Miami Beach, FL 33139
$1,200,000 · $160 per sq ft · Multifamily for sale
- Property type: Multi Family
- Asking price: $1,200,000
- Price per sq ft: $160
- Building size: 7,500 sq ft
- Lot size: 7,405 sq ft
- Zoning: 0000
- Year built: 1935
- Units: 4
- Parcel ID: 0232342280100
- MLS#: A12018961
About this property
This offering represents the acquisition of four contiguous condominium unitswithin The Castle Meridian Condominium, a boutique 12-unit Art Deco complexlocated in the heart of South Beach.The condominium is composed of three adjacent buildings:• 1506 Meridian Avenue – 4 units• 1508 Meridian Avenue – 4 units• 1510 Meridian Avenue – 4 unitsThe subject offering includes 100% of the units within the central building at 1508Meridian Avenue (Units 3, 4, 9 & 10).Folio:02-3234-228-0100Folio:02-3234-228-0090Folio:02-3234-228-0040Folio:02-3234-228-0030Total Annual Gross Income: $91,200Annual Operating Expenses (HOA + Property Taxes) $30,114.32• The 40-Year Certification process is currently in its final phase of completion.• All special assessments will be paid in full by the Seller at closing.
Rent Roll
| Unit type | Units | Beds / baths | Size | Rent per unit | Pro forma |
|---|---|---|---|---|---|
| 1 Bedroom | 3 | 1 / — | — | $158/mo | — |
| 1 Bedroom | 4 | 1 / — | — | $158/mo | — |
| 1 Bedroom | 9 | 1 / — | — | $158/mo | — |
| 1 Bedroom | 10 | 1 / — | — | $158/mo | — |
26 units. Reported rent $49,296 a year ($4,108 a month).
Unit types and rents as the listing reports them in the MLS. Ask the listing broker for the leases and the trailing twelve months before you rely on them.
Operating Statement
| Gross scheduled income | $91,200/yr |
|---|---|
| Property taxes | $13,398/yr |
| Other | $30,114/yr |
Income and expenses as the seller entered them in the MLS, not verified. A buyer's lender underwrites from the actual statements and the property tax and insurance a new owner will pay.
Presented by
BreakThru Realty · (786) 914-1017
Courtesy of
Sermoneta Real Estate Group Corp · sermoneta.a@gmail.com · Listing agent: Alberto Sermoneta
All listings featuring the BMLS logo are provided by BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright © 2026 BeachesMLS, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by BeachesMLS. Listings held by brokerage firms other than BreakThru Realty carry the name of the listing broker.
Request a tour or more information
Call or text BreakThru Realty at (786) 914-1017 or email sales@breakthrurealty.com to tour 1508 Meridian Avenue or to ask for what the listing leaves out: the rent roll, the leases and the operating statements.
Questions About 1508 Meridian Avenue
- How much is 1508 Meridian Avenue?
- 1508 Meridian Avenue is listed at $1,200,000, about $160 per square foot of building. Ask for the rent roll, the existing leases and the operating statements: for an income property those, more than the asking price, show what the building is worth.
- What is 1508 Meridian Avenue zoned?
- The listing reports zoning of 0000. Permitted uses, parking and signage are set by the city or county zoning code, so confirm your intended use with the local zoning office before you close.
- How big is 1508 Meridian Avenue?
- The listing reports 7,500 square feet of building.
- When was 1508 Meridian Avenue built?
- 1508 Meridian Avenue was built in 1935. For an older commercial building, ask about the roof, the HVAC and electrical systems, fire and life-safety compliance and whether a county building safety recertification is due.
- What are the property taxes on 1508 Meridian Avenue?
- The listing reports annual property taxes of $13,398 for 2025. Florida reassesses a non-homestead property after it sells, so budget for the new owner's bill rather than the current one.
- How do I tour 1508 Meridian Avenue?
- Request a tour from this page or call BreakThru Realty. A licensed agent will arrange access with the listing broker and ask for what the listing leaves out, such as the rent roll, the leases and the operating statements.
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