HomeCondos for SaleLwtUnit 702
1331 Lincoln Rd, Unit 702
1331 Lincoln Rd, Unit 702 photo 11331 Lincoln Rd, Unit 702 photo 21331 Lincoln Rd, Unit 702 photo 31331 Lincoln Rd, Unit 702 photo 41331 Lincoln Rd, Unit 702 photo 51331 Lincoln Rd, Unit 702 photo 61331 Lincoln Rd, Unit 702 photo 71331 Lincoln Rd, Unit 702 photo 8
+22 more
$470K

Lwt Unit 702

1331 Lincoln Rd, Unit 702 • Miami Beach, FL 33139

at Lwt

Beds
2
Baths
2
Living Area
820 SF
Price / SF
$573
HOA / Monthly
$1,059
Days on Market
0
Insider Price

About This Unit

Renovated 2BR/1.5BA on iconic Lincoln Road — move-in ready, all permits closed. Open-concept layout with brand-new kitchen, luxury vinyl plank floors, fresh paint, new interior doors, and smooth ceilings. Primary bedroom with walk-in closet; second bedroom with generous built-in wardrobe. New AC (2023), new water heater (2023). Standout feature: oversized private balcony (126 sqft) — rare in South Beach — overlooking Lincoln Road with partial bay glimpses. Covered assigned parking inside the building (Level 1). Resident-only pool. Pets welcome (weight restrictions apply). Location is unmatched: Trader Joe's, 2 Publix, Fresh Market, and future Whole Foods steps away. World-class dining and shopping on Lincoln Road and Sunset Harbour. Flamingo Park, Maurice Gibb Park, and Belle Isle all within walking distance. Scenic Venetian Causeway bike lanes connect to the mainland; beach is a 15-min walk. Miami Beach Golf Club nearby. For investors: strong rental demand in one of Miami's most coveted zip codes. Active transformation ahead — Lincoln Road streetscape upgrade, new Alton Road mixed-use development, forthcoming museum, and new retail spaces. FIFA World Cup 2026 at Hard Rock Stadium is driving a new wave of international demand into South Florida right now. Note: Lincoln Road utility work (started June 2025) is nearing completion.

Pricing at Lwt — $573/sqft
Lwt Unit 702 is listed at $573/sqft.
Lwt Unit 702 vs Active Listings at Lwt: This condo is +3.3% higher (+$18/more per sqft) than the building's active 2BR median of $555/sqft, based on 2 active 2BRs.
Lwt Unit 702 vs Recent Sold Listings at Lwt: This unit is +25.7% higher (+$117/more per sqft) than recent 2BR sales (median $456/sqft, based on 2 sales over 9 months).
Insider Negotiation Strategy: 2BR units at Lwt typically close at 93.9% of asking. At that ratio, this unit could plausibly trade around $441,189.
Based on live MIAMIRE active & closed listings at Lwt.
Time on Market — 0 days
Lwt Unit 702 has been on the market for 0 days.
This unit's 0 days on the market is 6 days shorter than the active 2BR median of 6 days (-100.0%).
Estimated Monthly Cost
Mortgage (P&I)
$2,552
HOA
$1,059
Property Tax
$475
Total / mo
$4,087
Assumes 7.20% rate on 20% down (30-year fixed). Tax effective rate 1.21%. HOA $1.29/sqft · All-in $4.98/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 Lwt

UnitListSqft$/sqftDOM
#804 $440,000 820 $537 12
#702 $470,000 820 $573 0

Recent Closed 2BR Sales

ClosedUnitSold$/sqftvs List
2025-12-30 #1302 $470,000 $573 94.2%
2026-04-10 #701 $290,000 $339 93.5%
Comps are limited to the same bedroom count. Sold prices reflect what closed buyers actually paid.
Insider Notes from Ricky
  • Lwt is a 14-story mid-rise at 1331 Lincoln Rd, Miami Beach, FL 33139, built 1971. Currently 1 active listing on the market, with active asking prices ranging up to $440K.
  • 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 1971 (now 55 years old) -- past Florida's 25-year structural recertification trigger.
  • Value-tier inventory with active asking prices up to $440K.
  • At 14 stories, Lwt 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 1971 (55 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 May 2023 for $335,000 — held 3 years. They’re now asking $470,000+40.3% (+$135,000) vs. cost basis.
Source: most recent qualified deed on file with the Miami-Dade Property Appraiser.
Sales History
Date Price Type
May 2023 $335,000 arm’s-length
Feb 1973 $27,200 arm’s-length
Source: Miami-Dade Property Appraiser. This unit owns 1.672429% of the building’s common elements. County living area: 820 sqft.
Building: Lwt
Unit: 702
Year Built: 1971
Stories: 14
City: Miami Beach
Postal Code: 33139
HOA Fee: $1,059 / Monthly
View: Other View
Waterfront: No
Private Pool: No
Heating: Heat Pump/Reverse Cycle
Cooling: Electric
Days on Market: 0
Listed: May 4, 2026
MLS #: A12012278

Location

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Text or Call (305) 33-RICKY
That's (305) 337-4259
Email About This Unit
Listing courtesy of: EXP Realty LLC
Information provided by Miami Association of Realtors / SEFMLS • Deemed reliable but not guaranteed • MLS #: A12012278 • Updated May 5, 2026
Ricky Garcia Miami Realtor
Your Miami Insider

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Ricky Garcia  |  Global Luxury Realty  |  License #3521781

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

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