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$2.1M

Nine Island Avenue Condo Unit 407

9 Island Ave, Unit 407 • Miami Beach, FL 33139

at Nine Island Avenue Condo

Text or Call Ricky

Beds

Baths

Living Area

1,778 SF

Price / SF

$1,181

HOA / Monthly

$2,422

Days on Market

Insider Price

$1,790,880

About This Unit

Step into luxury and serenity with this fully remodeled rarely available "07" line corner unit in 9 Island Avenue. From the moment you walk through the door, you’ll be greeted by breathtaking water views from every single window—an immersive panorama that feels like your own private retreat. This stunning, turnkey residence offers a versatile layout with a convertible second bedroom, perfect as an ensuite guest room, home office, or cozy den. The open chef’s kitchen is a showstopper, featuring custom cabinetry, a premium Sub-Zero and Wolf appliance package, an induction oven, counter-depth refrigerator, and even a built-in coffee bar for your morning rituals. The building itself has been meticulously upgraded, including a complete exterior transformation with concrete restoration, lush new landscaping, a brand-new roof, and impact windows throughout. Pool and garage enhancements are underway (projected completion in 2027). The seller will cover all existing & announced assessments for the 40-year recertification, garage restoration, new pool deck & spa. Electric blinds, custom California closets, gorgeous powder room, large balcony, 2 covered parking spaces; completely turn key. Maintenance includes premium cable and high speed internet, free valet for guests & storage unit. Don’t miss your chance to experience this one-of-a-kind residence in person. Join us for the Open House on Saturday, April 18th, from 1:00 to 3:00 PM—your dream home awaits!

Pricing at Nine Island Avenue Condo — $1,181/sqft

At $1,181/sqft, Nine Island Avenue Condo Unit 407 is priced near the building's median — solidly mid-market for this floor plan.

Nine Island Avenue Condo Unit 407 vs Active Listings at Nine Island Avenue Condo: This condo is +0.0% higher (+$0/more per sqft) than the building's active 2BR median of $1,181/sqft, based on 9 active 2BRs.

Nine Island Avenue Condo Unit 407 vs Recent Sold Listings at Nine Island Avenue Condo: This unit is +67.3% higher (+$475/more per sqft) than recent 2BR sales (median $706/sqft, based on 5 sales over 9 months).

Rank: This unit's $/sqft is higher than 44% of currently-active 2BR units at Nine Island Avenue Condo (sample of 9).

Insider Negotiation Strategy: 2BR units at Nine Island Avenue Condo typically close at 85.3% of asking. At that ratio, this unit could plausibly trade around $1,790,880.

Based on live MIAMIRE active & closed listings at Nine Island Avenue Condo.

Time on Market — 2 days

Nine Island Avenue Condo Unit 407 is around the building's typical pace.

This unit's 2 days on the market is 35 days shorter than the active 2BR median of 37 days (-94.6%).

Inventory position: 33th percentile for 2BRs currently active at this building.

Estimated Monthly Cost

Mortgage (P&I)

$11,404

HOA

$2,422

Property Tax

$1,539

Total / mo

$15,365

Assumes 7.20% rate on 20% down (30-year fixed). Tax effective rate 0.88%. HOA $1.36/sqft · All-in $8.64/sqft / month. Excludes wind / flood / contents insurance — verify your actual rate with a lender.

Schedule your private showing at Nine Island Avenue 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.

Text or Call — (305) 33-RICKY Email Ricky

That's (305) 337-4259 • Available 7 days a week

Recent Comparable Sales

Active 2BR Comps at Nine Island Avenue Condo

UnitListSqft$/sqftDOM

#— — 1,190 $797 1

#— — 1,440 $1177 327

#— — 1,190 $756 0

#— — 1,440 $1736 37

#— — 1,440 $1317 265

Recent Closed 2BR Sales

ClosedUnitSold$/sqftvs List

2025-08-26 #— $840,000 $706 —

2025-12-18 #— $1,875,000 $1055 —

2026-04-07 #— $975,000 $677 —

2026-04-23 #— $910,000 $616 —

2026-04-30 #— $1,300,000 $903 —

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 1981 (45 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 Feb 2021 for $1,055,000 — held 5 years. They’re now asking $2,100,000 — +99.1% (+$1,045,000) vs. cost basis.

Source: most recent qualified deed on file with the Miami-Dade Property Appraiser.

Sales History

Date	Price	Type
Feb 2021	$1,055,000	arm’s-length
Aug 2009	$500,000	arm’s-length
Oct 1998	$266,000	arm’s-length
Aug 1987	$150,000	Other disqualified
Dec 1982	$320,000	Other disqualified
Jan 1982	$375,000	arm’s-length

Source: Miami-Dade Property Appraiser. This unit owns 0.411% of the building’s common elements. County living area: 1,778 sqft.

Building: Nine Island Avenue Condo

Unit: 407

Year Built: 1981

Stories: 25

City: Miami Beach

Postal Code: 33139

HOA Fee: $2,422 / Monthly

View: Bay, Skyline, Water View

Waterfront: Yes

Private Pool: No

Heating: Central, Electric

Cooling: Central Air, Electric

Days on Market: 2

Listed: April 16, 2026

MLS #: A12001868

Tax Folio: 02-3233-053-1210 ↗ View tax record (sales history, assessed value, legal description)

Location

Listing courtesy of: Compass Florida, LLC

Information provided by Miami Association of Realtors / SEFMLS • Deemed reliable but not guaranteed • MLS #: A12001868 • Updated Apr 18, 2026