+4 more
$1.6M
Kellar Court Condo Unit 5
305 Jefferson Ave, Unit 5 • Miami Beach, FL 33139
About This Unit
Live in Art Sofi, 3rd Street, South Beach. Current status: Installation Art. Literally. Stunning new terrazzo flooring is being installed in the main living area. This standalone building is a true “create-your-own-space” canvas — nothing else like it South of Fifth. The property allows you to build an additional two floors, if desired. Where Art Basel energy meets South Beach living — come see it in person.
Pricing at Kellar Court Condo — $923/sqft
Kellar Court Condo Unit 5 is listed at $923/sqft.
Building-level comparison data is thin for this bedroom count — see Recent Comparable Sales below.
Based on live MIAMIRE active & closed listings at Kellar Court Condo.
Time on Market — 46 days
Kellar Court Condo Unit 5 has been on the market for 46 days.
Building-level pace data is thin for this bedroom count.
Estimated Monthly Cost
Mortgage (P&I)
$8,417
HOA
$800
Property Tax
$264
Total / mo
$9,481
Assumes 7.20% rate on 20% down (30-year fixed).
Tax effective rate 0.20%.
HOA $0.48/sqft · All-in $5.64/sqft / month.
Excludes wind / flood / contents insurance — verify your actual rate with a lender.
Schedule your private showing at Kellar Court Condo.
Walk the unit with someone who knows this building inside out. Get pricing history, negotiation strategy, and the things the listing won't tell you.
That's (305) 337-4259 • Available 7 days a week
Recent Comparable Sales
Active 3BR Comps at Kellar Court Condo
UnitListSqft$/sqftDOM
#—
—
1,680
$923
46
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 1930 (96 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 2010 for $200,000 — held 16 years. They’re now asking $1,550,000 — +675.0% (+$1,350,000) vs. cost basis.
Source: most recent qualified deed on file with the Miami-Dade Property Appraiser.
🏛 Property Tax Reset
The current owner pays approximately $4,319/yr in property tax thanks to a $560,662 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 $15,532/yr, about 3.6× 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 |
|---|---|---|
| Sep 2010 | $200,000 | arm’s-length |
| Dec 2002 | $265,500 | arm’s-length |
Source: Miami-Dade Property Appraiser. This unit owns 30.75% of the building’s common elements. County living area: 1,680 sqft.
Building: Kellar Court Condo
Unit: 5
Year Built: 1930
Stories: 2
City: Miami Beach
Postal Code: 33139
HOA Fee: $800 / Monthly
View: Other View
Waterfront: No
Private Pool: No
Heating: Central
Cooling: Central Air
Days on Market: 46
Listed: December 2, 2025
MLS #: A11923923
Location
Listing courtesy of: One Sotheby's International Realty
Information provided by Miami Association of Realtors / SEFMLS • Deemed reliable but not guaranteed • MLS #: A11923923
• Updated May 1, 2026
