+19 more
$460K
The Waterclub at 3915 Mer Unit 206
3915 Meridian Ave, Unit 206 • Miami Beach, FL 33140
About This Unit
Boat lovers, welcome to waterfront living at its finest. This rare 1-bedroom, 1-bath residence offers direct canal views and an unmatched Miami Beach lifestyle. Enjoy effortless access to the water with kayaking and paddleboarding right from the lush waterfront garden, as well as a private dock exclusive to the building. The spacious unit features a well-designed layout, a private entrance, and the convenience of an in-unit washer and dryer. Surrounded by all the best that Miami Beach has to offer, this home blends comfort, privacy, and convenience in a truly serene setting. The beautifully maintained grounds and tranquil water views create the perfect retreat to unwind and recharge.
Pricing at The Waterclub at 3915 Mer — $642/sqft
The Waterclub at 3915 Mer Unit 206 is listed at $642/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 — 1 day
The Waterclub at 3915 Mer Unit 206 has been on the market for 1 day.
Building-level pace data is thin for this bedroom count.
Estimated Monthly Cost
Mortgage (P&I)
$2,498
HOA
$556
Property Tax
$410
Total / mo
$3,464
Assumes 7.20% rate on 20% down (30-year fixed).
Tax effective rate 1.07%.
HOA $0.78/sqft · All-in $4.84/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 Jun 2021 for $295,000 — held 5 years. They’re now asking $460,000 — +55.9% (+$165,000) vs. cost basis.
Source: most recent qualified deed on file with the Miami-Dade Property Appraiser.
Sales History
| Date | Price | Type |
|---|---|---|
| Jun 2021 | $295,000 | arm’s-length |
| May 2010 | $285,000 | arm’s-length |
| Jun 2008 | $2,650,000 | arm’s-length |
Source: Miami-Dade Property Appraiser. County living area: 716 sqft.
Building: The Waterclub at 3915 Mer
Unit: 206
Year Built: 1940
Stories: 2
City: Miami Beach
Postal Code: 33140
HOA Fee: $556 / Monthly
View: Canal, Garden View, Water View
Waterfront: Yes
Private Pool: No
Heating: Central
Cooling: Central Air
Days on Market: 1
Listed: April 13, 2026
MLS #: A12000482
Location
Listing courtesy of: Cap Realty, LC
Information provided by Miami Association of Realtors / SEFMLS • Deemed reliable but not guaranteed • MLS #: A12000482
• Updated Apr 14, 2026
