632 15th St, Miami Beach FL 33139, MIAMI BEACH, FL, 33139
Active216 days on marketListed Jan 12, 2026MLS #A11940926
About this home
632 15th St, Miami Beach FL 33139
THE ELIZABETH - PRIME SOUTH BEACH MULTIFAMILY | HIGH-RENT ASSET IN A+ LOCATION. Rare opportunity to acquire a 8-unit multifamily in the heart of South Beach, just steps from Lincoln Road, Flamingo Park, Española Way, and the beach—one of Miami Beach’s strongest rental corridors. 8 updated 1-beds/1-baths, every unit features CENTRAL A/C and IN-UNIT WASHER & DRYER, a rare combination that directly supports above-market rents, low vacancy, and strong tenant demand. 100% Leased. Additional features include impact windows, gated access, and private outdoor space. Fully 40-year recertified and zoned RM-1, this asset offers immediate cash flow with long-term upside in a supply-constrained, lifestyle-driven submarket. Currently generating over $210,000+ in rent, opportunity to add value for even higher rents. Call today for more information.
Facts & features
The home at a glance
5,939
Sqft
1930
Year built
$446
Per sqft
Inside
Outside & construction
Community & fees
Utilities & systems
The numbers
What it really costs
Built from this home's actual numbers — the most recent property-tax bill on record — not generic estimates.
$18,202 /mo · 10% down Conventional, 30-yr fixed at 6%
The assumptions
Above the FHA loan limit for our service areas, so Conventional is the default. VA buyers: switch below — $0 down.
These numbers assume a generic buyer — your credit, down payment and loan program change them. Get the real quote in minutes:
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Run your own numbers
FHA isn’t available at this price — the loan would exceed the $541,287 FHA limit for our service areas.
Estimated payment
$18,202/mo
Includes estimated PMI — it drops off once you reach 20% equity. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
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 LINCOLN SUB
$446 vs $539
Days on market
216 vs 91 typical
Where $446/sqft sits among the 7 homes for sale in LINCOLN SUB
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 Flamingo Lummus
Get to know Miami Beach. See the full Miami Beach guide →
Flamingo Lummus — neighborhood snapshot
Population
23,083
Median age
41
Median income
$70,404
Median home value
$377,608
Avg household
2
Households w/ children
1,591
For the school run
Dade County School District
School assignments and ratings via edgeAI — always verify with the district.
The numbers that matter
The Miami Beach market
$285K → $525K
Miami Beach median sold, yr/yr
95.1%
Sale-to-list ratio (12 mo)
0 of 7
LINCOLN SUB have cut their price
Median sold price, Miami Beach, trailing 36 months (3-month rolling) · live MLS data.
This home is listed 3686% above the MIAMI BEACH 33139 median. See the full Miami Beach market guide →
Paper trail
This home's history
Reality check
What actually sold near 632 15th St
Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.
Sold · May ’26$245,000
2438 4TH STREET NE · same community
3 bd · 2 ba · 1,135 sqft · $216/sqft · 7 DOM
Sold · Nov ’25$320,000
1610 Euclid Ave # A111, Miami Beach FL 33139 · same community
1 bd · 1 ba · 528 sqft · $606/sqft · 63 DOM
Sold · Jun ’26$280,000
1610 Euclid Ave # A105, Miami Beach FL 33139 · same community
1 bd · 1 ba · 511 sqft · $548/sqft · 105 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.
Your agent
Iain Robinson
Broker Associate · CENTURY 21 Edge
Tours, negotiation, and every question about 632 15th St — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 632 15th St — before you fall in love.
See it in person
Schedule a tour
Live availability from Iain's calendar — pick a time and it's booked. Confirmation lands in your inbox immediately.
Straight answers
632 15th St FAQs
What would the monthly payment be for 632 15th St, Miami Beach FL 33139?+
With 10% down on a 30-year Conventional loan at 6%, the all-in payment lands around $18,202/mo — principal and interest, the actual property-tax bill and typical Florida insurance. The payment calculator on this page lets you switch loan type (FHA, Conventional, VA) and adjust the down payment, rate and term.
What are the property taxes on 632 15th St, Miami Beach FL 33139?+
The most recent tax bill on record (2025) was $32,992. A new owner's bill can differ once the sale price resets the assessed value — we can walk you through what to expect.
How does the price compare to other homes in Miami Beach?+
At $2,650,000, this home is listed about 308% above the Miami Beach median of $649,900. The market section on this page shows how the area is trending.
Which schools are assigned to 632 15th St, Miami Beach FL 33139?+
Miami Beach South Pointe Elementary School (elementary), Miami Beach Senior High School (high), Miami Beach Nautilus Middle School (middle), District Instructional Center (Dic) (), Instructional Center System Wide (), Title I Migrant Education Program () — Dade County School District. Always verify school assignments with the district before relying on them.
The brief
Four things that matter here
01Positioned at the premium end
$2,650,000 runs 3686% above the MIAMI BEACH 33139 median — but at 5,939 sqft it's also nearly 6 times the size of the typical Miami Beach listing.
02Time on market is leverage
216 days on market against a Miami Beach median of 91 — sellers in this position are usually ready to negotiate.
03Strong assigned schools
Miami Beach South Pointe Elementary School, Miami Beach Senior High School, Miami Beach Nautilus Middle School, District Instructional Center (Dic), Instructional Center System Wide, Title I Migrant Education Program — Miami Beach South Pointe Elementary School rates 4 of 5. Always verify assignments with the district.
04The price has already moved
Listed at $3,000,000, now $2,650,000 — a $350K cut. The full history is in the market section below.
Keep looking
Similar homes nearby
Listing courtesy of Fortune International Realty · Jordan Lederman. MLS #A11940926.
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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