+16 more
About This Unit
This property offers a prime South Beach location next to the 1 Hotel South Beach, with renovated building and residence. The approved Promenade project will enhance the walkway from 24th to 29th Street, revitalizing the area. The sought-after 9-line residences feature functional layouts, spacious interiors, a modern kitchen, updated appliances, ceramic flooring, impressive views, and central South Beach convenience. Tenant occupied; please schedule viewings 48 hours in advance.
Pricing at The Riviera — $490/sqft
The Riviera Unit 509 is listed at $490/sqft.
Building-level comparison data is thin for this bedroom count — see Recent Comparable Sales below.
Based on live MIAMIRE active & closed listings at The Riviera.
Time on Market — 52 days
The Riviera Unit 509 has been on the market for 52 days.
Building-level pace data is thin for this bedroom count.
Price History
Originally listed at $690,000. Reduced to $670,000 on Mar 19, 2026 (after 25 days on market) — -2.9% (−$20,000).
Estimated Monthly Cost
Mortgage (P&I)
$3,638
HOA
$1,470
Property Tax
$910
Total / mo
$6,018
Assumes 7.20% rate on 20% down (30-year fixed).
Tax effective rate 1.63%.
HOA $1.07/sqft · All-in $4.4/sqft / month.
Excludes wind / flood / contents insurance — verify your actual rate with a lender.
Schedule your private showing at The Riviera.
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
What to Verify
Flood Zone: This unit is in flood zone X. Outside the Special Flood Hazard Area — low-to-moderate risk; insurance optional but recommended.
Building Age: Built in 1980 (46 years old) — past Florida's 40-year recertification trigger; verify milestone status.
Verify all of the above with the HOA before closing.
Building: The Riviera
Unit: 509
Year Built: 1980
Stories: 19
City: Miami Beach
Postal Code: 33140
HOA Fee: $1,470 / Monthly
View: Canal, Ocean View
Waterfront: Yes
Private Pool: No
Heating: Central
Cooling: Central Air
Days on Market: 52
Listed: February 23, 2026
MLS #: A11952497
Location
Listing courtesy of: Wolf Real Estate Group, PLLC
Information provided by Miami Association of Realtors / SEFMLS • Deemed reliable but not guaranteed • MLS #: A11952497
• Updated Apr 16, 2026