South Miami Condos for Sale Under $500,000

Find the South Miami condo that fits your life, with the association, the fees and the offer understood before you commit.

Live BeachesMLS listings matching this search in South Miami, Florida, updated throughout the day.

Condos at the lower end of the South Miami market are the most attainable way to own in a city of single-family streets, and Valencia by the Metrorail supplies many of them. The units are one- and two-bedroom plans near Sunset Drive, the South Miami station and the hospital district, which makes them practical for medical staff, graduate students, faculty and anyone commuting by train to Brickell or downtown Miami. A few older buildings elsewhere in South Miami also come up at this level. A low price only holds up if the building's finances do, so read the association budget, the reserve study, the milestone inspection report and the record of any special assessment, and check whether the association limits leasing if you may rent the unit out later.

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