+33 more
$515K
Triton Tower Condominium Unit 1218
2899 Collins Ave, Unit 1218 • Miami Beach, FL 33140
About This Unit
COMPLETELY REDONE. GREAT BALCONY AREA WITH SPECTACULAR CITY VIEWS & IMPACT GLASS THROUGHOUT. CLOSE TO RESTAURANTS, SHOPS & TRANSPORTATION. OCEANFRONT BUILDING.
Pricing at Triton Tower Condominium — $646/sqft
At $646/sqft, Triton Tower Condominium Unit 1218 is priced near the building's median — solidly mid-market for this floor plan.
Triton Tower Condominium Unit 1218 vs Active Listings at Triton Tower Condominium: This condo is +21.5% higher (+$114/more per sqft) than the building's active 1BR median of $532/sqft, based on 7 active 1BRs.
Triton Tower Condominium Unit 1218 vs Recent Sold Listings at Triton Tower Condominium: This unit is +42.0% higher (+$191/more per sqft) than recent 1BR sales (median $455/sqft, based on 3 sales over 9 months).
Rank: This unit's $/sqft is higher than 57% of currently-active 1BR units at Triton Tower Condominium (sample of 7).
Insider Negotiation Strategy: 1BR units at Triton Tower Condominium typically close at 97.1% of asking. At that ratio, this unit could plausibly trade around $500,220.
Based on live MIAMIRE active & closed listings at Triton Tower Condominium.
Time on Market — 321 days
Triton Tower Condominium Unit 1218 has been on the market longer than 83% of comparable active 1BRs — strong signal the seller will negotiate.
This unit's 321 days on the market is 112 days longer than the active 1BR median of 209 days (+53.6%).
Inventory position: 83th percentile for 1BRs currently active at this building.
Price History
Originally listed at $539,000. Reduced to $515,000 on Mar 20, 2026 (after 322 days on market) — -4.5% (−$24,000).
Estimated Monthly Cost
Mortgage (P&I)
$2,797
HOA
$580
Property Tax
$473
Total / mo
$3,850
Assumes 7.20% rate on 20% down (30-year fixed).
Tax effective rate 1.10%.
HOA $0.73/sqft · All-in $4.83/sqft / month.
Excludes wind / flood / contents insurance — verify your actual rate with a lender.
Schedule your private showing at Triton Tower Condominium.
Walk the unit with someone who knows this building inside out. Get pricing history, negotiation strategy, and the things the listing won't tell you.
That's (305) 337-4259 • Available 7 days a week
Recent Comparable Sales
Active 1BR Comps at Triton Tower Condominium
UnitListSqft$/sqftDOM
#1505
$550,000
726
$758
0
#548
$339,000
726
$467
412
#1218
$515,000
797
$646
321
#1420
$399,000
600
$665
226
#424
$424,000
797
$532
0
Recent Closed 1BR Sales
ClosedUnitSold$/sqftvs List
2025-08-08
#946
$330,000
$455
97.3%
2025-09-17
#821
$310,000
$517
96.9%
2025-08-20
#708
$305,000
$420
97.1%
Comps are limited to the same bedroom count. Sold prices reflect what closed buyers actually paid.
Insider Notes from Ricky
- Triton Tower Condominium is a 18-story mid-rise at 2899 Collins Ave, Miami Beach, FL 33140, built 1966. Currently 11 active listings on the market, with active asking prices ranging up to $550K.
- 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 1966 (now 60 years old) -- past Florida's 25-year structural recertification trigger.
- Mid-tier condo inventory ranging up to $550K.
- At 18 stories, Triton Tower Condominium is mid-rise scale -- a typical balance of view exposure and intimate community 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 1966 (60 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 $325,000 — held 3 years. They’re now asking $515,000 — +58.5% (+$190,000) vs. cost basis.
Source: most recent qualified deed on file with the Miami-Dade Property Appraiser.
Sales History
| Date | Price | Type |
|---|---|---|
| Apr 2023 | $325,000 | arm’s-length |
| Nov 2003 | $187,000 | arm’s-length |
| Feb 1994 | $96,000 | arm’s-length |
| Jun 1988 | $62,273 | arm’s-length |
| Jun 1985 | $59,000 | arm’s-length |
| May 1980 | $80,500 | Other disqualified |
Source: Miami-Dade Property Appraiser. County living area: 797 sqft.
Building: Triton Tower Condominium
Unit: 1218
Year Built: 1966
Stories: 17
City: Miami Beach
Postal Code: 33140
HOA Fee: $580 / Monthly
View: Skyline
Waterfront: Yes
Private Pool: No
Heating: None
Cooling: Central Air
Days on Market: 321
Listed: May 3, 2025
MLS #: A11795985
Location
Listing courtesy of: J. Mirabal Realty, Inc.
Information provided by Miami Association of Realtors / SEFMLS • Deemed reliable but not guaranteed • MLS #: A11795985
• Updated Mar 20, 2026
