+37 more
$400K
James Central Towers Unit 902
245 18TH ST, Unit 902 • Miami Beach, FL 33139
About This Unit
Stunning Ocean and South Beach views!! One of a kind, this rarely available Miami Beach dream hot spot is without exaggerating one of the best and nicest units in the whole building! The spacious and sunlit corner unit with amazing Ocean and City views is located in arguably one of the best and most desirable South Beach location: walking minutes to the Ocean & Beach, Convention Center/Art Basel, New World Symphony, Faena District & Lincoln Rd. This beautiful condo was totally and tastefully remodeled and and offers a rare TWO(!) large sunny balconies perfect for enjoying breathtaking sunrises & sunsets and for entertaining your guests and comes with one assigned garage car space parking. The unit also features hurricane proof impact windows & doors and the many upgrades include marble bathroom and European designer kitchen. The safe, boutique and well maintained building is currently completing the 40/50 year certification. Easy to show by appointment. This gorgeous unit on a very desirable high floor with such spectacular and panoramic views from East to West will not last long. Call today for a showing appointment!!
Pricing at James Central Towers — $473/sqft
At $473/sqft, James Central Towers Unit 902 is priced near the building's median — solidly mid-market for this floor plan.
James Central Towers Unit 902 vs Active Listings at James Central Towers: This condo is +6.6% higher (+$29/more 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 50% 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 $355,880.
Based on live MIAMIRE active & closed listings at James Central Towers.
Time on Market — 53 days
James Central Towers Unit 902 is around the building's typical pace.
This unit's 53 days on the market is 22 days longer than the active 1BR median of 31 days (+71.0%).
Inventory position: 50th percentile for 1BRs currently active at this building.
Estimated Monthly Cost
Mortgage (P&I)
$2,172
HOA
$623
Property Tax
$133
Total / mo
$2,928
Assumes 7.20% rate on 20% down (30-year fixed).
Tax effective rate 0.40%.
HOA $0.74/sqft · All-in $3.47/sqft / month.
Excludes wind / flood / contents insurance — verify your actual rate with a lender.
Schedule your private showing at James Central Towers.
Walk the unit with someone who knows this building inside out. Get pricing history, negotiation strategy, and the things the listing won't tell you.
That's (305) 337-4259 • Available 7 days a week
Recent Comparable Sales
Active 1BR Comps at James Central Towers
UnitListSqft$/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 Mar 2024 for $427,500 — held 2 years. They’re now asking $400,000 — −6.4% (−$27,500) vs. cost basis.
Source: most recent qualified deed on file with the Miami-Dade Property Appraiser.
🏛 Property Tax Reset
The current owner pays approximately $2,535/yr in property tax thanks to a $173,829 Save Our Homes assessment cap (Florida shelters long-time owners from market-value increases).
On purchase, your assessment resets to full market value — expect roughly $6,012/yr, about 2.4× the current owner’s bill.
Estimate uses Miami-Dade’s ~2% effective millage; your actual bill depends on the millage in the year you close and any homestead exemption you may qualify for.
Sales History
| Date | Price | Type |
|---|---|---|
| Mar 2024 | $427,500 | arm’s-length |
| Jul 2017 | $112,500 | Affiliated parties |
| Nov 2012 | $178,000 | Trustees in bankruptcy, executors or guardians |
| Jun 1991 | $58,000 | arm’s-length |
Source: Miami-Dade Property Appraiser. County living area: 845 sqft.
Building: James Central Towers
Unit: 902
Year Built: 1970
Stories: 12
City: Miami Beach
Postal Code: 33139
HOA Fee: $623 / Monthly
View: Ocean View, Direct Ocean, Skyline
Waterfront: No
Private Pool: No
Heating: Central, Electric
Cooling: Ceiling Fan(s), Central Air, Electric
Days on Market: 53
Listed: March 10, 2026
MLS #: A11979247
Location
Listing courtesy of: Robert Manari Realty
Information provided by Miami Association of Realtors / SEFMLS • Deemed reliable but not guaranteed • MLS #: A11979247
• Updated May 2, 2026
