HomeCondos for SaleAdmiral Towers CondoUnit 201
1020 Meridian Ave, Unit 201
1020 Meridian Ave, Unit 201 photo 11020 Meridian Ave, Unit 201 photo 21020 Meridian Ave, Unit 201 photo 31020 Meridian Ave, Unit 201 photo 41020 Meridian Ave, Unit 201 photo 51020 Meridian Ave, Unit 201 photo 61020 Meridian Ave, Unit 201 photo 71020 Meridian Ave, Unit 201 photo 8
+56 more
$535K

Admiral Towers Condo Unit 201

1020 Meridian Ave, Unit 201 • Miami Beach, FL 33139

at Admiral Towers Condo

Beds
2
Baths
2
Living Area
1,266 SF
Price / SF
$423
HOA / Monthly
$1,064
Days on Market
284
Insider Price

About This Unit

Easy to show ! Ready to move in ! Incredibly opportunity for spacious 2/2 corner unit in the most desirable area of Meridian Ave. Completely remodeled, with new Impact Door and Windows!!!! new bathrooms, new AC, new kitchen, new electrical panel, all with city permits. Bright corner unit with tons of natural light/large terrace over looking the pool- large main bedroom with en-suite bath-walk in closet. Designated storage unit- Pool, assigned parking & bicycle storage, secure lobby entry & on-site manager. Steps to beautiful Flamingo park with it beautiful tennis courts, swimming pool, basketball, and children's playground. Embrace the South Beach lifestyle in this spacious unit. The community has completed its 40 & 50-year recertification and the building has reserves. NO Special Assessment. Investor-friendly: rentals are permitted from day one with a minimum lease period of 6 months.

Pricing at Admiral Towers Condo — $423/sqft
Admiral Towers Condo Unit 201 is listed at $423/sqft.
Insider Negotiation Strategy: 2BR units at Admiral Towers Condo typically close at 95.4% of asking. At that ratio, this unit could plausibly trade around $510,337.
Based on live MIAMIRE active & closed listings at Admiral Towers Condo.
Time on Market — 284 days
Admiral Towers Condo Unit 201 has been on the market for 284 days.
Building-level pace data is thin for this bedroom count.
Price History
Originally listed at $569,000. Reduced to $535,000 on Apr 13, 2026 (after 285 days on market) — -6.0% (−$34,000).
Estimated Monthly Cost
Mortgage (P&I)
$2,905
HOA
$1,064
Property Tax
$535
Total / mo
$4,504
Assumes 7.20% rate on 20% down (30-year fixed). Tax effective rate 1.20%. HOA $0.84/sqft · All-in $3.56/sqft / month. Excludes wind / flood / contents insurance — verify your actual rate with a lender.

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Recent Comparable Sales

Active 2BR Comps at Admiral Towers Condo

UnitListSqft$/sqftDOM
#201 $535,000 1,266 $423 284
Comps are limited to the same bedroom count. Sold prices reflect what closed buyers actually paid.
Insider Notes from Ricky
  • Admiral Towers Condo is a 9-story mid-rise at 1020 Meridian Ave, Miami Beach, FL 33139, built 1969. Currently 2 active listings on the market, with active asking prices ranging up to $535K.
  • Neighborhood: Miami Beach. Miami Beach is three distinct neighborhoods: South Beach (Ocean Drive, Lincoln Road, Art Deco, walking-everywhere), Mid-Beach (Faena, Edition -- quieter money), and North Beach (newer ultra-luxury construction without South Beach baggage). Per-square-foot variance between them is enormous.
  • Buyer profile here: Mix of primary residents (especially South Beach south of Fifth and Mid-Beach Faena District), second-home buyers, and condo-hotel investors.
  • Built 1969 (now 57 years old) -- past Florida's 25-year structural recertification trigger.
  • Mid-tier condo inventory ranging up to $535K.
  • At 9 stories, Admiral Towers Condo is low-rise scale -- fewer total units typically means a more intimate building feel.
  • Compared anchor: Compared to Sunny Isles (oceanfront tower wall), Miami Beach has more architectural diversity, more restaurants per block, and the South of Fifth and Faena Districts give some sub-areas resort-grade amenity stacks.
  • Rental rules vary per association in this market -- most Miami-Dade condos require 6 or 12-month minimum leases. Verify per-association before assuming Airbnb potential.
  • Pre-offer diligence: Older South Beach inventory hits Florida's 25-year structural recertification triggers; reserve study and assessment history are critical pre-offer items on pre-2000 buildings.
  • Ricky has worked the Miami Beach market for years and can pull HOA documents, recent comps, and reserve study status on any unit you're considering. Text (305) 33-RICKY -- that's (305) 337-4259 -- for a same-week walk-through.
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 1969 (57 years old) — past Florida's 40-year recertification trigger; verify milestone status.
Ricky will verify all of the above with the HOA before closing.
💰 Current Owner's Cost Basis
The current owner bought this unit Oct 2021 for $290,000 — held 5 years. They’re now asking $535,000+84.5% (+$245,000) vs. cost basis.
Source: most recent qualified deed on file with the Miami-Dade Property Appraiser.
Sales History
Date Price Type
Oct 2021 $290,000 arm’s-length
Aug 1990 $65,000 arm’s-length
May 1983 $45,000 arm’s-length
Source: Miami-Dade Property Appraiser. This unit owns 1.00% of the building’s common elements. County living area: 1,266 sqft.
Unit: 201
Year Built: 1969
Stories: 9
City: Miami Beach
Postal Code: 33139
HOA Fee: $1,064 / Monthly
View: Pool Area View
Waterfront: No
Private Pool: No
Heating: Central
Cooling: Central Air
Days on Market: 284
Listed: July 3, 2025
MLS #: A11833702

Location

Tour with Ricky

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Text or Call (305) 33-RICKY
That's (305) 337-4259
Email About This Unit
Listing courtesy of: Intertrust Realty Corp.
Information provided by Miami Association of Realtors / SEFMLS • Deemed reliable but not guaranteed • MLS #: A11833702 • Updated Apr 13, 2026
Ricky Garcia Miami Realtor
Your Miami Insider

Ready to Make an Offer?

Ricky Garcia  |  Global Luxury Realty  |  License #3521781

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

CALL (305) 33-RICKY That's (305) 337-4259
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