About This Unit
MIAMI BEACH RARE OPPORTUNITY. 2BR/2BA Miami Beach apartment. Great investment with low HOA fees-returns up, strong rental demand. Blocks to the beach. Large balcony. Pet friendly. No building amenities low fees. W/D in the unit. Impact windows.
Pricing at Edgewater Place — $370/sqft
Edgewater Place Unit 5B is listed at $370/sqft.
Building-level comparison data is thin for this bedroom count — see Recent Comparable Sales below.
Based on live MIAMIRE active & closed listings at Edgewater Place.
Time on Market — 1 day
Edgewater Place Unit 5B has been on the market for 1 day.
Building-level pace data is thin for this bedroom count.
Estimated Monthly Cost
Mortgage (P&I)
$1,711
HOA
$460
Property Tax
$292
Total / mo
$2,462
Assumes 7.20% rate on 20% down (30-year fixed).
Tax effective rate 1.11%.
HOA $0.54/sqft · All-in $2.89/sqft / month.
Excludes wind / flood / contents insurance — verify your actual rate with a lender.
Schedule your private showing at Edgewater Place.
Walk the unit with someone who knows this building inside out. Get pricing history, negotiation strategy, and the things the listing won't tell you.
That's (305) 337-4259 • Available 7 days a week
Recent Comparable Sales
Active 2BR Comps at Edgewater Place
UnitListSqft$/sqftDOM
#—
—
851
$370
1
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 1982 (44 years old) — past Florida's 40-year recertification trigger; verify milestone status.
Verify all of the above with the HOA before closing.
💰 Current Owner's Cost Basis
The current owner bought this unit Sep 2014 for $185,000 — held 12 years. They’re now asking $315,000 — +70.3% (+$130,000) vs. cost basis.
Source: most recent qualified deed on file with the Miami-Dade Property Appraiser.
Sales History
| Date | Price | Type |
|---|---|---|
| Sep 2014 | $185,000 | arm’s-length |
| May 1982 | $71,500 | arm’s-length |
Source: Miami-Dade Property Appraiser. This unit owns 12.5% of the building’s common elements. County living area: 851 sqft.
Building: Edgewater Place
Unit: 5B
Year Built: 1982
Stories: 5
City: Miami Beach
Postal Code: 33141
HOA Fee: $460 / Monthly
View: None
Waterfront: No
Private Pool: No
Heating: Other
Cooling: Central Air
Days on Market: 1
Listed: April 28, 2026
MLS #: A12008865
Location
Listing courtesy of: Beachfront Realty Inc
Information provided by Miami Association of Realtors / SEFMLS • Deemed reliable but not guaranteed • MLS #: A12008865
• Updated Apr 29, 2026
