+10 more
$275K
The Waterclub at 3915 Mer Unit 201
3915 Meridian Ave, Unit 201 • Miami Beach, FL 33140
About This Unit
Wake up to calm canal views and a slower pace of living in this waterfront Miami Beach residence just moments from the ocean. Set within a charming boutique building, the property offers direct water access—ideal for paddleboarding from the community dock—and a lush shared backyard designed for peaceful relaxation. Inside, the intelligently arranged layout features partitioned living and sleeping areas, creating the comfort and functionality of a one-bedroom feel while maintaining an open studio design. Wood and tile flooring, central cooling, and in-unit washer and dryer provide everyday ease. Ideally located near the beach, this residence offers a unique opportunity to enjoy relaxed waterfront living in a prime coastal setting. Tenant in place with notice.
Pricing at The Waterclub at 3915 Mer — $591/sqft
The Waterclub at 3915 Mer Unit 201 is listed at $591/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 Waterclub at 3915 Mer.
Time on Market — 17 days
The Waterclub at 3915 Mer Unit 201 has been on the market for 17 days.
Building-level pace data is thin for this bedroom count.
Price History
Originally listed at $290,000. Reduced to $275,000 on Apr 24, 2026 (after 18 days on market) — -5.2% (−$15,000).
Estimated Monthly Cost
Mortgage (P&I)
$1,493
HOA
$416
Property Tax
$277
Total / mo
$2,186
Assumes 7.20% rate on 20% down (30-year fixed).
Tax effective rate 1.21%.
HOA $0.89/sqft · All-in $4.7/sqft / month.
Excludes wind / flood / contents insurance — verify your actual rate with a lender.
Schedule your private showing at The Waterclub at 3915 Mer.
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
Insider Notes from Ricky
- The Waterclub at 3915 Mer is a 2-story low-rise at 3915 Meridian Ave, Miami Beach, FL 33140, built 1940. Currently 3 active listings on the market, with active asking prices ranging up to $460K.
- 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 1940 (now 86 years old) -- past Florida's 25-year structural recertification trigger.
- Value-tier inventory with active asking prices up to $460K.
- At 2 stories, The Waterclub at 3915 Mer 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 1940 (86 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 Dec 2019 for $170,000 — held 6 years. They’re now asking $275,000 — +61.8% (+$105,000) vs. cost basis.
Source: most recent qualified deed on file with the Miami-Dade Property Appraiser.
Sales History
| Date | Price | Type |
|---|---|---|
| Dec 2019 | $170,000 | arm’s-length |
| Jul 2010 | $166,680 | arm’s-length |
| Jun 2008 | $2,650,000 | arm’s-length |
Source: Miami-Dade Property Appraiser. County living area: 465 sqft.
Building: The Waterclub at 3915 Mer
Unit: 201
Year Built: 1940
Stories: 2
City: Miami Beach
Postal Code: 33140
HOA Fee: $416 / Monthly
View: None
Waterfront: Yes
Private Pool: No
Heating: Other
Cooling: Central Air
Days on Market: 17
Listed: April 7, 2026
MLS #: A11996229
Location
Listing courtesy of: Compass Florida, LLC.
Information provided by Miami Association of Realtors / SEFMLS • Deemed reliable but not guaranteed • MLS #: A11996229
• Updated Apr 24, 2026
