CENTURY 21 Edge
SoldSold Aug 2023
$255,000Sold Aug 20231 bd1 ba674 sqft$378 /sqft

, MIAMI BEACH, FL, 33141

Sold1241 days on marketListed Feb 25, 2023Sold Sep 1, 2023MLS #A11348338

Priced 74% below the Miami Beach medianWaterfrontFully furnishedCondominiumRIVE MARSEILLES CONDO

About this home

WONDERFUL 1/1 UNIT IN WATERFRONT BUILDING - THE UNIT OFFERS IMPACT WINDOWS, UPDATED KITCHEN WITH DISHWASHER AND UPDATED BATH. NEW CENTRAL AC. THE BUILDING HAS A BBQ AREA AND A WONDERFUL SWIMMING POOL FACING THE BAY. IT IS SITUATED ON A QUIET STREET WITHIN CLOSE PROXIMITY TO SHOPPING AND THE BEACH. LAUNDRY FACILITIES IN THE BUILDING - THIS UNIT IS RENTED AT $1,800 PER MONTH.

Facts & features

The home at a glance

1

Bedrooms

1

Bathrooms

674

Sqft

1960

Year built

$378

Per sqft

WaterfrontOther View viewFurnished

Inside

FlooringCeramic Floor
AppliancesDishwasher · Electric Range · Refrigerator · Self Cleaning Oven
InteriorFirst Floor Entry · Other
LaundryCommon Area
CoolingCentral Air
HeatingCentral
FurnishedFurnished

Outside & construction

ConstructionConcrete Block Construction
ViewOther View
ParkingNone · On Street
ExteriorOther · Barbeque

Community & fees

HOA fee$552/mo
Taxes (2022)$2,452/yr
PetsMaximum 20 Lbs

Utilities & systems

Value check

Is the price right?

The internet’s favorite home-value number comes from a single automated model that has never seen the street, the finishes, or the view — which is why it routinely misses by tens of thousands of dollars. The edgeAI estimate combines multiple independent data sources with our team’s on-the-ground expertise in this exact market.

$/sqft vs Miami Beach actives

$378 vs $710

Days on market

1241 vs 80 typical

Where $378/sqft sits among the 396 Miami Beach actives

221 · this home
73
37
27
10
28
$342–763$763–1183$1183–1604$1604–2024$2024–2445$2445+

The edgeAI estimate is a starting point, not an appraisal or a broker price opinion. It is generated from public records, listing data and market modeling, and is subject to change once a licensed real estate professional personally inspects the property. Condition, floor, view and lot are not fully captured by any model — ask us for a full comparative market analysis.

Where it sits

Inside Miami Beach

Map of

Get to know Miami Beach. See the full Miami Beach guide →

The numbers that matter

The Miami Beach market

Seller’s marketLeans buyer21.0 months of inventoryBuyer’s market

$1.0M$8.7M

Miami Beach median sold, yr/yr

97.9%

Sale-to-list ratio (12 mo)

45 of 396

Miami Beach actives have cut their price

Median sold price, Miami Beach, trailing 36 months (3-month rolling) · live MLS data.

This home is listed 74% below the Miami Beach median. See the full Miami Beach market guide →

Paper trail

This home's history

Feb 25, 2023Listed at $255,000 · 1241 days on market since
1960Built · RIVE MARSEILLES CONDO

Reality check

What actually sold near

Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.

5875 Collins Ave # 1004, Miami Beach FL 33140Sold · Apr ’26

$825,000

5875 Collins Ave # 1004, Miami Beach FL 33140

1 bd · 1.5 ba · 778 sqft · $1,060/sqft · 14 DOM

5838 Collins Ave # 2H, Miami Beach FL 33140Sold · Jul ’26

$280,000

5838 Collins Ave # 2H, Miami Beach FL 33140

1 bd · 1.5 ba · 815 sqft · $344/sqft · 383 DOM

5838 Collins Ave # 6H, Miami Beach FL 33140Sold · Mar ’26

$270,000

5838 Collins Ave # 6H, Miami Beach FL 33140

1 bd · 1.5 ba · 815 sqft · $331/sqft · 162 DOM

Closed-sale data from the MLS, last 12 months, selected for similarity in size and location. No two homes are identical — ask us for a full comparative analysis.

Your home team

The pros in your corner

Buying a home is two conversations — the home and the money. Here’s who handles each, side by side, already working together.

Donna Layton

Your agent

Donna Layton

Real Estate Agent · CENTURY 21 Edge

Tours, negotiation, and every question about — start here.

Andrew Acosta

Your lender

Andrew Acosta

Acosta Home Loans with PRMG · NMLS #1468866

Pre-approval, rates, and the real monthly number for — before you fall in love.

Selling nearby?

What's your home worth today?

This sale is one data point — your home is another. Get a data-driven estimate built from real closed sales like this one, in about a minute.

The brief

Four things that matter here

01Under the Miami Beach market on paper

$255,000 is 74% below the Miami Beach median of $995,000, and at $378/sqft it sits under the Miami Beach average of $789.

02Waterfront living

This home sits directly on the water — the single scarcest feature in Florida inventory and the strongest long-term value anchor.

03Know the monthly fee

The association fee is $552/mo. That usually buys real services — verify what's covered before comparing this home against fee-free alternatives.

04Time on market is leverage

1241 days on market against a Miami Beach median of 80 — sellers in this position are usually ready to negotiate.

Listing courtesy of Beachfront Realty Inc · Vanina Ordorica. MLS #A11348338.

IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by Miami Association of REALTORS®.

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CENTURY 21 Edge
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