Miami Beach Homes for Sale Under $500,000

See what a budget under $500,000 really buys in Miami Beach, and what it costs to own, before you commit.

Every home, condo and townhome currently for sale in Miami Beach, Florida under $500,000, straight from BeachesMLS and updated throughout the day.

Under half a million, Miami Beach is a studio or one-bedroom in an older building, and most were built between the twenties and the sixties. The Art Deco and Mediterranean Revival stock around Flamingo Park and Ocean Drive supplies much of it, The Ruskin, The Flamingo, The Drake and Euclid among the names, with Washington Square and Star Meridian nearby. Parkview Point, James Central Towers and Ocean Park add mid-rise options, The Presidential sits on Ocean Drive, and Marseilles Deco represents the Normandy Isle side. A co-operative turns up now and then. Pools are rare and many buildings have no parking of their own. On a ground-floor unit, ask whether water has reached it in a king tide and where the electrical panel sits relative to the street.

33 listings, newest first.

The 33 listings on this page run from $310,000 to $488,000, with a median of $445,000, about $539 per square foot, and they have been listed a median of 15 days.

The communities with the most listings here are Island Terrace (3), Mirador (2), Ocean Point (2) and The Carriage Club North C (2), 9 of the 33; the others are spread across 24 more communities. Nearly all of them are condos. Bedrooms run from studios to 2, a median of 1; they were built between 1924 and 2013, a median of 1968. 2 of the 33 have a pool, and 18 are on the water. They sit in 3 ZIP codes: 33139, 33140 and 33141.

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