HomeCondos for SaleRoyal Palm VillasUnit 306
1821 Jefferson Ave, Unit 306
+4 more
$515K

Royal Palm Villas Unit 306

1821 Jefferson Ave, Unit 306 • Miami Beach, FL 33139

at Royal Palm Villas

Beds
1
Baths
2
Living Area
850 SF
Price / SF
$606
HOA / Monthly
$634
Days on Market
0

About This Unit

Ideally located in the heart of Miami Beach on a charming, tree-lined street, walkable to Lincoln Road and just moments from the beach and a new Whole Foods Market coming nearby, this upgraded residence offers the best of South Beach living. Interior features include wood flooring throughout, an upgraded kitchen with updated finishes, renovated bathrooms, and abundant natural light. Impact windows were replaced in 2023, adding both value and peace of mind. Situated in a well-maintained building with a recently replaced roof and no current assessments, offering a more secure and low-maintenance ownership experience. Furniture negotiable.

Pricing at Royal Palm Villas — $606/sqft
Royal Palm Villas Unit 306 is listed at $606/sqft.
Building-level comparison data is thin for this bedroom count — see Recent Comparable Sales below.
Based on live MIAMIRE active & closed listings at Royal Palm Villas.
Time on Market — 0 days
Royal Palm Villas Unit 306 has been on the market for 0 days.
Building-level pace data is thin for this bedroom count.
Price History
Originally listed at $510,000. Increased to $515,000 on Apr 30, 2026 (after 1 days on market) — +1.0% (+$5,000).
Estimated Monthly Cost
Mortgage (P&I)
$2,797
HOA
$634
Property Tax
$433
Total / mo
$3,864
Assumes 7.20% rate on 20% down (30-year fixed). Tax effective rate 1.01%. HOA $0.75/sqft · All-in $4.55/sqft / month. Excludes wind / flood / contents insurance — verify your actual rate with a lender.

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Recent Comparable Sales

Active 1BR Comps at Royal Palm Villas

UnitListSqft$/sqftDOM
#— 850 $606 0

Recent Closed 1BR Sales

ClosedUnitSold$/sqftvs List
2025-09-18 #— $340,000 $400
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 1973 (53 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 Apr 2023 for $416,500 — held 3 years. They’re now asking $515,000+23.6% (+$98,500) vs. cost basis.
Source: most recent qualified deed on file with the Miami-Dade Property Appraiser.
Sales History
Date Price Type
Apr 2023 $416,500 arm’s-length
Jun 2020 $260,000 arm’s-length
Apr 2006 $320,000 arm’s-length
Nov 2002 $154,000 arm’s-length
May 1988 $47,000 arm’s-length
Dec 1985 $39,000 Other disqualified
Source: Miami-Dade Property Appraiser. This unit owns 4.5% of the building’s common elements. County living area: 850 sqft.
Unit: 306
Year Built: 1973
Stories: 3
City: Miami Beach
Postal Code: 33139
HOA Fee: $634 / Monthly
View: Other View
Waterfront: No
Private Pool: No
Heating: Central
Cooling: Central Air
Days on Market: 0
Listed: April 30, 2026
MLS #: A12010268

Location

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That's (305) 337-4259
Email About This Unit
Listing courtesy of: Compass Florida, LLC
Information provided by Miami Association of Realtors / SEFMLS • Deemed reliable but not guaranteed • MLS #: A12010268 • Updated Apr 30, 2026
Ricky Garcia Miami Realtor
Your Miami Insider

Ready to Make an Offer?

Ricky Garcia  |  Global Luxury Realty  |  License #3521781

Ricky has closed deals at Royal Palm Villas. 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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