+27 more
$350K
James Central Towers Unit 605
245 18th St, Unit 605 • Miami Beach, FL 33139
About This Unit
Location, Location, Location!!! This very spacious remodeled one bedroom is located in one of the best SOBE (South Beach) areas: walking minutes to the Ocean and Beach, Convention Center/Art Basel, New World Symphony, Faena District & Lincoln Rd. This large sunlit condo features the luxury of 2 (two!) sunny balconies perfect for your morning coffee, entertaining your guests & enjoying beautiful sunrises. Great practical layout, European style separate kitchen/dinning area and plenty of closet space are all big pluses. The remodeled unit features hurricane proof windows and comes with one gated parking space. The safe boutique building featuring a brand new gym is currently completing the 40/50 year certification and has a special assessment in order. For the quality the best priced unit in the building! Easy to show by appointment; call/text agent! This gem will not last!!
Pricing at James Central Towers — $414/sqft
At $414/sqft, James Central Towers Unit 605 is priced below the building's typical 1BR — worth a closer look.
James Central Towers Unit 605 vs Active Listings at James Central Towers: This condo is -6.7% lower ($30/less per sqft) than the building's active 1BR median of $444/sqft, based on 4 active 1BRs.
Rank: This unit's $/sqft is higher than 25% of currently-active 1BR units at James Central Towers (sample of 4).
Insider Negotiation Strategy: 1BR units at James Central Towers typically close at 89.0% of asking. At that ratio, this unit could plausibly trade around $311,395.
Based on live MIAMIRE active & closed listings at James Central Towers.
Time on Market — 9 days
James Central Towers Unit 605 is fresh to market — limited negotiating leverage at this stage.
This unit's 9 days on the market is 22 days shorter than the active 1BR median of 31 days (-71.0%).
Inventory position: 25th percentile for 1BRs currently active at this building.
Estimated Monthly Cost
Mortgage (P&I)
$1,901
HOA
$623
Property Tax
$459
Total / mo
$2,982
Assumes 7.20% rate on 20% down (30-year fixed).
Tax effective rate 1.57%.
HOA $0.74/sqft · All-in $3.53/sqft / month.
Excludes wind / flood / contents insurance — verify your actual rate with a lender.
Schedule your private showing at James Central Towers.
Walk the unit with someone who knows this building inside out. Get pricing history, negotiation strategy, and the things the listing won't tell you.
That's (305) 337-4259 • Available 7 days a week
Recent Comparable Sales
Active 1BR Comps at James Central Towers
UnitListSqft$/sqftDOM
#305
$337,000
845
$399
0
#1103
$349,000
655
$533
74
#902
$400,000
845
$473
53
#605
$350,000
845
$414
9
Recent Closed 1BR Sales
ClosedUnitSold$/sqftvs List
2026-03-27
#703
$258,000
$394
89.0%
Comps are limited to the same bedroom count. Sold prices reflect what closed buyers actually paid.
Insider Notes from Ricky
- James Central Towers is a 11-story mid-rise at 245 18th St, Miami Beach, FL 33139, built 1970. Currently 4 active listings on the market, with active asking prices ranging up to $400K.
- 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 1970 (now 56 years old) -- past Florida's 25-year structural recertification trigger.
- Value-tier inventory with active asking prices up to $400K.
- At 11 stories, James Central Towers 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 1970 (56 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 Sep 2013 for $218,500 — held 13 years. They’re now asking $350,000 — +60.2% (+$131,500) vs. cost basis.
Source: most recent qualified deed on file with the Miami-Dade Property Appraiser.
Sales History
| Date | Price | Type |
|---|---|---|
| Sep 2013 | $218,500 | arm’s-length |
| Feb 1988 | $41,000 | arm’s-length |
Source: Miami-Dade Property Appraiser. County living area: 845 sqft.
Building: James Central Towers
Unit: 605
Year Built: 1970
Stories: 12
City: Miami Beach
Postal Code: 33139
HOA Fee: $623 / Monthly
View: Ocean View, Skyline
Waterfront: No
Private Pool: No
Heating: Central, Electric
Cooling: Ceiling Fan(s), Central Air, Electric
Days on Market: 9
Listed: April 27, 2026
MLS #: A12008268
Location
Listing courtesy of: Robert Manari Realty
Information provided by Miami Association of Realtors / SEFMLS • Deemed reliable but not guaranteed • MLS #: A12008268
• Updated May 6, 2026
