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1401 Bay Rd, Unit 405
+17 more
$525K

The Sails Condo Unit 405

1401 Bay Rd, Unit 405 • Miami Beach, FL 33139

at The Sails Condo

Beds
2
Baths
2
Living Area
990 SF
Price / SF
$530
HOA / Monthly
$768
Days on Market
129

About This Unit

Welcome to this light-filled 2BD/2BA residence in the heart of Miami Beach, offering tranquil bay views and effortless indoor-outdoor living. The open-concept layout features polished concrete floors, a modern kitchen with stainless steel appliances and breakfast bar, and a spacious living and dining area ideal for entertaining. Step onto the private balcony to enjoy lush palm views and serene surroundings. Both bedrooms are generously sized, including a primary suite with ample closet space and en-suite bath. The building offers a pool, parking, and a prime location just moments from Sunset Harbour, Lincoln Road, beaches, dining, and shopping. A perfect full-time residence, second home, or investment opportunity in one of Miami Beach’s most desirable neighborhoods.

Pricing at The Sails Condo — $530/sqft
The Sails Condo Unit 405 is listed at $530/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 Sails Condo.
Time on Market — 129 days
The Sails Condo Unit 405 has been on the market for 129 days.
Building-level pace data is thin for this bedroom count.
Price History
Originally listed at $650,000. Reduced to $525,000 on Apr 23, 2026 (after 130 days on market) — -19.2% (−$125,000).
Estimated Monthly Cost
Mortgage (P&I)
$2,851
HOA
$768
Property Tax
$621
Total / mo
$4,240
Assumes 7.20% rate on 20% down (30-year fixed). Tax effective rate 1.42%. HOA $0.78/sqft · All-in $4.28/sqft / month. Excludes wind / flood / contents insurance — verify your actual rate with a lender.

Schedule your private showing at The Sails Condo.

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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 1999 (27 years old).
Verify all of the above with the HOA before closing.
Building: The Sails Condo
Unit: 405
Year Built: 1999
Stories: 5
City: Miami Beach
Postal Code: 33139
HOA Fee: $768 / Monthly
View: Bay, Skyline, Water View
Waterfront: No
Private Pool: No
Heating: Central
Cooling: Central Air
Days on Market: 129
Listed: December 15, 2025
MLS #: A11927980

Location

Tour with Ricky

Schedule your private showing. Get pricing history, negotiation strategy, and the things the listing won't tell you.

Text or Call (305) 33-RICKY
That's (305) 337-4259
Email About This Unit
Listing courtesy of: One Sotheby's International Realty
Information provided by Miami Association of Realtors / SEFMLS • Deemed reliable but not guaranteed • MLS #: A11927980 Information provided by Miami Association of Realtors / SEFMLS • Deemed reliable but not guaranteed • MLS #: A11927980 • Updated Apr 23, 2026