Property Details
| Sold Price | $1,090,000 |
|---|---|
| Last Asking Price | $1,290,000 |
| Price per SqFt | $1,076 |
| Maintenance Fee | $892 Monthly |
| Property Taxes | $17,752 2025 |
| Interior Space | 1,013 SqFt |
| Beds/Baths | 2/2 |
| Year Built | 2011 |
| Closed Date | 8/19/2026 |
| MLS # | A12051816 |
Location
From the listing
Rare opportunity to own a unique two-story penthouse fully furnished in the heart of South of Fifth, one of Miami Beach’s most desirable neighborhoods, just four blocks from the beach. This residence features 2 bedrooms, 2 bathrooms, high ceilings, a balcony on the first level, and a private rooftop terrace on the second level, ideal for relaxing or entertaining. Located in an intimate boutique building with a swimming pool, the property offers privacy, comfort, and an exceptional location near South Pointe Park, the marina, restaurants, cafés, shopping, and the beach. The building allows rentals up to 12 times per year, providing flexibility for investors and end users. The unit is currently rented month-to-month for $6,500 per month, offering immediate rental income and future occupancy flexibility.
Listed by Coldwell Banker Realty
What It Costs to Own
Monthly, before a mortgage and insurance
Maintenance $892 a month; taxes $17,752 for 2025. MLS figures, which may not be accurate.
Sales History for This Unit · Meridian 5 Lofts Unit 15
| Sale ⇅ | Sold Price ⇅ | Closed Date ⇅ |
|---|---|---|
| A11184359 | $1,280,000 | 5/2/22 |
| A10871180 | $625,000 | 3/29/21 |
What Other Units Have Been Selling For at Meridian 5 Lofts
1 unit sold at Meridian 5 Lofts in the last 12 months at an average of $1,076/SqFt (this sale among them)
Below, the most recent sales most like this unit: units with the same bedroom count.
| Unit ⇅ | Sold Price ⇅ | % of Ask ⇅ | Closed Date ⇅ |
|---|---|---|---|
| 16 | $870,000$914/SqFt | 92% | 10/31/25 |
| 8 | $875,000$930/SqFt | 97% | 1/31/24 |
| — | $835,000$913/SqFt | 93% | 8/14/23 |
| 10 | $750,000$798/SqFt | 100% | 5/3/22 |
| 15 | $1,280,000$1,264/SqFt | 95% | 5/2/22 |
| 15 | $625,000$617/SqFt | 89% | 3/29/21 |
| 8 | $625,000$664/SqFt | 90% | 12/21/18 |
| 16 | $625,000$657/SqFt | 93% | 8/11/17 |
For a full analysis of past sales in this building, contact Mark Zilbert.
Listed by Coldwell Banker Realty. Mark Zilbert of ONE Sotheby's International Realty is a cooperating (transaction) broker and helps buyers find properties in Miami Beach and throughout South Florida.
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Meridian 5 Lofts Unit 15, 421 Meridian Avenue · MLS A12051816 · Sold Aug 2026
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The curated data and calculated data for this property and its surrounding condo units and homes is based solely on data we have extracted from the MLS. There may be unpublished, private, quit claim and other property offerings and transfers that do not appear here, which may affect how a buyer or seller perceives property values. Always conduct proper due diligence when considering buying or selling property.
More at Meridian 5 Lofts
At Meridian 5 Lofts, 2 of 20 units are for sale and 1 sold in the last 12 months at an average of $1,076 per SqFt. Unit 15 sold at $1,076 per SqFt, above the building's average at the time. Figures compiled by Mark Zilbert, a Miami Beach real estate agent with ONE Sotheby's International Realty, from MLS records.