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1215 West Ave, Unit 404
$275K

1215 on West Avenue Unit 404

1215 West Ave, Unit 404 • Miami Beach, FL 33139

at 1215 on West Avenue

Beds
1
Baths
1
Living Area
450 SF
Price / SF
$611
HOA / Monthly
$874
Days on Market
164
Insider Price
$275,000

About This Unit

Prime Investment Opportunity in West Avenue Modern, newer construction condo featuring hotel program eligibility in the vibrant heart of West Avenue. Ideal for travelers seeking a Miami Beach retreat with professional property management during absences. While short-term rentals are not permitted, the building's hotel program offers an excellent alternative—this unit is currently enrolled. Property highlights include a sophisticated smart home internet control system and convenient valet parking. Prime location steps from Whole Foods, premier shopping, and the iconic Lincoln Road. Experience your stylish Miami Beach pied-à-terre with true South Florida flair.

Pricing at 1215 on West Avenue — $611/sqft
At $611/sqft, 1215 on West Avenue Unit 404 is priced near the building's median — solidly mid-market for this floor plan.
1215 on West Avenue Unit 404 vs Active Listings at 1215 on West Avenue: This condo is +1.2% higher (+$7/more per sqft) than the building's active 1BR median of $604/sqft, based on 4 active 1BRs.
1215 on West Avenue Unit 404 vs Recent Sold Listings at 1215 on West Avenue: This unit is +13.8% higher (+$74/more per sqft) than recent 1BR sales (median $537/sqft, based on 2 sales over 9 months).
Rank: This unit's $/sqft is higher than 50% of currently-active 1BR units at 1215 on West Avenue (sample of 4).
Insider Negotiation Strategy: 1BR units at 1215 on West Avenue typically close at 100.0% of asking. At that ratio, this unit could plausibly trade around $275,000.
Based on live MIAMIRE active & closed listings at 1215 on West Avenue.
Time on Market — 164 days
1215 on West Avenue Unit 404 is around the building's typical pace.
This unit's 164 days on the market is 75 days longer than the active 1BR median of 89 days (+84.3%).
Inventory position: 50th percentile for 1BRs currently active at this building.
Estimated Monthly Cost
Mortgage (P&I)
$1,493
HOA
$874
Property Tax
$398
Total / mo
$2,766
Assumes 7.20% rate on 20% down (30-year fixed). Tax effective rate 1.74%. HOA $1.94/sqft · All-in $6.15/sqft / month. Excludes wind / flood / contents insurance — verify your actual rate with a lender.

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Recent Comparable Sales

Active 1BR Comps at 1215 on West Avenue

UnitListSqft$/sqftDOM
#— — 450 $598 0
#— — 450 $644 360
#— — 520 $538 13
#— — 450 $611 164

Recent Closed 1BR Sales

ClosedUnitSold$/sqftvs List
2025-11-21 #— $272,500 $543 —
2026-01-13 #— $250,000 $532 —
Comps are limited to the same bedroom count. Sold prices reflect what closed buyers actually paid.
What to Verify
Flood Zone: This unit is in flood zone AE. High-risk flood zone (Special Flood Hazard Area). Federal flood insurance required for federally-backed mortgages.
Building Age: Built in 2017 (9 years old).
Ricky will verify all of the above with the HOA before closing.
💰 Current Owner's Cost Basis
The current owner bought this unit Dec 2016 for $349,000 — held 9 years. They’re now asking $275,000 — −21.2% (−$74,000) vs. cost basis.
Source: most recent qualified deed on file with the Miami-Dade Property Appraiser.
Sales History
Date Price Type
Dec 2016 $349,000 arm’s-length
Source: Miami-Dade Property Appraiser. This unit owns 1.53% of the building’s common elements. County living area: 450 sqft.
Unit: 404
Year Built: 2017
Stories: 8
City: Miami Beach
Postal Code: 33139
HOA Fee: $874 / Monthly
View: Other View
Waterfront: No
Private Pool: No
Heating: Central
Cooling: Central Air
Days on Market: 164
Listed: November 7, 2025
MLS #: A11909864

Location

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That's (305) 337-4259
Email About This Unit
Listing courtesy of: Gary Hennes Realtors
Information provided by Miami Association of Realtors / SEFMLS • Deemed reliable but not guaranteed • MLS #: A11909864 • Updated Apr 21, 2026
Ricky Garcia Miami Realtor
Your Miami Insider

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Ricky Garcia  |  Global Luxury Realty  |  License #3521781

Ricky has closed deals at 1215 on West Avenue. He knows the HOA, the best floors, and which units to avoid. Get a free no-pressure market analysis before you make any offer.

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