What should relocation buyers know before buying real estate in Miami?

HOME BUYERS Relocation buyers looking at homes in Miami should understand that choosing the right house is less about the property itself and more about location, schools, and long-term value. Many buyers make the mistake of focusing on price or finishes, while the real driver of value is the neighborhood and micro-location. Older homes often represent better value, but may also be part of a future redevelopment cycle. Newer homes command premiums, but don’t always sell faster if pricing is ahead of the market. Commute time, school access, and community dynamics are critical and often underestimated. The key is to evaluate homes not just as lifestyle purchases, but as long-term assets within a very localized market. Sources:https://luxlifemiamiblog.com/relocating-to-miami/https://luxlifemiamiblog.com/relocating-to-miami-with-a-family/ CONDO BUYERS: Relocation buyers should understand that Miami is a highly segmented, building-driven market, not a uniform one. Pricing can vary significantly between similar properties depending on building quality, layout, and financial health. Many buyers assume newer construction equals better investment, but that is often not the case. Factors like HOA fees, reserves, and rental policies can materially impact long-term value and liquidity. Negotiation opportunities often exist, especially in slower segments, but require precise market knowledge. The key is to evaluate micro-markets and individual buildings, not just neighborhoods or price per square foot. Sources:https://luxlifemiamiblog.com/miami-real-estate-market-report/https://luxlifemiamiblog.com/new-construction-miami-guide/

What are the best areas for relocating families with children

For families relocating to Miami with young children, the most recommended neighborhoods are Coral Gables, Coconut Grove, and Pinecrest. Coral Gables offers the best balance of top schools, safety, and long-term value. Coconut Grove is ideal for younger families seeking walkability, greenery, and a lifestyle-driven environment. Pinecrest provides larger homes, excellent schools, and better value for space, making it ideal for growing families. The key driver across all three is access to strong schools and primary residential stability. Relocation decisions are less about new construction and more about long-term livability and resale strength. Sources:https://luxlifemiamiblog.com/best-neighborhoods-miami/https://luxlifemiamiblog.com/what-are-the-best-family-neighborhoods-in-miami-in-2023/

Are new construction condos in Miami a good investment?

New construction condos in Miami can be a good investment—but only if you understand that not all buildings perform the same. According to the David Siddons Group, many buyers assume “new = better,” but in reality, performance depends on pricing, layout, building quality, and long-term demand. Some new developments set future price benchmarks and can drive long-term appreciation, especially in top-tier projects. However, many are priced aggressively at launch, and buyers relying on marketing instead of data often overpay. The market is highly segmented, meaning two new buildings next to each other can perform very differently. The best opportunities typically come from selecting the right building early or negotiating correctly in later phases. In short: new construction is not automatically a good investment—it becomes one only with building-level analysis and disciplined entry pricing. Sources:https://luxlifemiamiblog.com/how-to-buy-a-luxury-condo-in-miami/https://luxlifemiamiblog.com/category/independent-new-construction-condo-reviews/https://luxlifemiamiblog.com/beyond-clickbait-real-insights-into-miamis-luxury-condo-market/

Why is buying a Miami condo riskier than buyers think?

Buying a Miami condo is often riskier than buyers expect because the true risks are at the building level—not visible in the listing price. Many buyers focus on finishes and views, while overlooking HOA reserves, insurance exposure, and potential special assessments. In reality, two identical units in different buildings can perform completely differently over time. Rising HOA fees and stricter regulations are also increasing the true cost of ownership, especially in older buildings. Liquidity can be affected by factors like financial health, rental policies, and ongoing repairs. The key risk is not the condo itself—but buying into the wrong building without proper due diligence. Sources:https://luxlifemiamiblog.com/how-to-buy-a-luxury-condo-in-miami/https://luxlifemiamiblog.com/miami-condo-market-risks/

What are Miami's Safest Areas?

The safest areas in Miami are typically Coral Gables, Coconut Grove, Pinecrest, Key Biscayne, and Ponce-Davis. These neighborhoods stand out due to low density, strong community presence, and high concentration of full-time residents, which directly impacts safety. In Miami, safety is highly localized, meaning micro-location and specific streets matter more than zip codes. Areas with top schools and family-driven demand tend to maintain stronger safety profiles over time. Gated communities and low-traffic residential streets further enhance security. Ultimately, the safest areas are defined less by price and more by stability, schools, and residential character. Sources:https://luxlifemiamiblog.com/safest-place-live-miami/https://luxlifemiamiblog.com/best-neighborhoods-miami/

Which Miami Areas Still offer Great Value (Budget Friendly alternatives to Coral Gables and Pinecrest)

If you’re looking for better value than Coral Gables or Pinecrest, the answer (in true Siddons style) is not “go cheaper”—it’s go one layer outside the obvious markets. The strongest value plays are: Schenley Park → closest substitute to Coral Gables at ~20% discount while maintaining similar character and location Biltmore Heights → almost identical feel to the Gables but ~25–30% cheaper on a $/SF basis Glenvar Heights → central location with larger lots and ~25% pricing advantage vs South Miami/Gables Baptist / Galloway (Kendall) → Pinecrest-style living (space, schools, land) at up to ~30% lower pricing The pattern is consistent:👉 Buyers are shifting west and slightly off-market to gain land, scale, and pricing efficiency. You don’t find value by going to a “cheaper neighborhood”—you find it by identifying adjacent micro-markets that offer the same lifestyle fundamentals without the brand premium. Sources:https://luxlifemiamiblog.com/best-value-neighborhoods-miami/ https://luxlifemiamiblog.com/category/miami-neighborhoods/

Is NOW a good time to buy in Miami?

In 2026, the answer is yes—but only if you understand what part of the market you’re buying into. Miami is no longer one market; it has split into multiple segments behaving very differently. From a David Siddons perspective, this is a selective buyer’s window, not a broad “good time” headline. Some segments—especially condos with rising inventory—are offering negotiation opportunities and better entry points. At the same time, prime single-family homes and top-tier new construction continue to hold value or even trade near record levels. Buyers who rely on timing the market often miss the point—success in Miami today comes from selecting the right micro-market and asset, not waiting for a crash. If you are disciplined on pricing, building quality, and location, this market offers opportunity. If you are not, it is easy to overpay. 2026 is a good time to buy in Miami for informed buyers—because the market is fragmented, negotiation exists, and strategy matters more than ever. Sources:https://luxlifemiamiblog.com/miami-real-estate-market-report-q1-2026/https://luxlifemiamiblog.com/market-reports/

Are Miami real estate prices going down in 2026?

No—but that’s the wrong way to look at it. Miami is not one market anymore, so prices are not moving in one direction. In 2026, the market is split into two: ultra-luxury, scarcity-driven areas (like waterfront and top-tier neighborhoods) are still holding or even rising, while mid-tier condos and oversupplied segments are flat or correcting. What we’re seeing is price divergence, not a crash—some properties are gaining value while others are quietly adjusting downward. Rising inventory and more selective buyers are putting pressure on pricing in certain segments, especially older condos or buildings with weaker fundamentals.At the same time, global wealth and cash buyers continue to support pricing at the top end of the market. So the real answer: prices aren’t broadly dropping—they’re being repriced based on quality, location, and supply. Miami Real Estate Market Report Q1 2026

Should I buy a house or a condo when relocating to Miami?

The decision comes down to lifestyle first, investment second—and most relocation buyers get that backwards. If you want space, privacy, schools, and long-term family living, a single-family home in areas like Coral Gables or Coconut Grove is typically the stronger choice. If you prioritize walkability, low maintenance, and proximity to business districts, a condo in Brickell or waterfront markets makes more sense.From an investment perspective, homes tend to be more stable, while condos are more building-dependent and cyclical. Most relocation clients underestimate how much building quality, HOA structure, and future costs impact condo performance. The right answer isn’t “house vs condo”—it’s which asset fits your lifestyle AND holds value within its micro-market.

How do I choose the right Miami neighborhood for my lifestyle?

Choosing the right neighborhood in Miami comes down to how you live day-to-day, not just where prices are. Relocation buyers should first define priorities: walkability, schools, commute, or waterfront lifestyle.For example, Coconut Grove fits walkable, family-oriented living, while Brickell suits urban, high-rise lifestyles. Buyers often make the mistake of focusing on price per square foot instead of lifestyle fit and long-term livability. Each neighborhood operates like its own micro-market, so the “best” area depends on your daily routine and long-term goals. The key is to align lifestyle, location, and market fundamentals, not just aesthetics or newness. https://luxlifemiamiblog.com/best-neighborhoods-miami/

Why are Miami condo prices so different between buildings?

Miami condo pricing varies widely because value is determined at the building level, not just by location. Two buildings next to each other can have major differences in financial health, reserves, HOA fees, and management quality. Buyers also pay premiums for better layouts, views, amenities, and newer construction—but not all “new” buildings perform equally. Factors like rental policies, upcoming assessments, and building reputation can significantly impact resale value. This is why price per square foot alone is misleading in Miami’s condo market. The real driver of value is how that specific building competes within its micro-market over time. Sources:https://luxlifemiamiblog.com/how-to-buy-a-luxury-condo-in-miami/https://luxlifemiamiblog.com/category/independent-new-construction-condo-reviews/

Five Park Miami Beach 500 Alton Rd Miami Beach FL 33139

Call me: (305) 508-0899
[email protected]

$1,200,000-$18,000,000Today's Prices
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Welcome to Five Park in Miami Beach

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Building Features

98 two-to-five bedroom fully-finished residences from 1,434SF to 6,000SF
Unparalleled views of the ocean, bay, and Miami Skyline
Private, resident's porte-cochere drop-off and lobby
Ease of connectivity to South Pointe Park, the Baywalk, the Miami Beach Marina and the beach via the Daniel Buren-designed Miami Beach Canopy pedestrian bridge
Electric vehicle charging stations
The larger residences will start from the 27th floor and up, below the 27th floor the building offers 1-3 bedroom-smaller units which will also have a separate elevator entrance. The lower floor units will trade for approx. $1,400 per SF in pre-construction while the higher-floor units will trade for $1,850 per SF in pre-construction

The Team

Developer: David Martin (Terrra Group) and Russell Galbut
https://luxlifemiamiblog.com/five-park-in-miami-beach-the-excellent-track-record-of-five-parks-developer/
Architect: Bernardo Fort Brescia & Raymond Fort (Arquitectonica)
Designer: Michael Gabellini, Kimberly Sheppard (Gabellini Sheppart NY)

Outdoor Amenities

The adjacent 3-acre Canopy Park features a MONSTRUM Playground, an outdoor gym, picnic areas, dog park, shaded gardens, and art installations
The verdant, plant-filled amenity deck boasts breathtaking sunset views of the Miami skyline and bay, visible from both the adult & family friendly pools. The expansive space also offers unmatched relaxation with shaded trellises, a sunset terrace, numerous cabanas and lounges, and meditation deck
Private Beach Club located South of Fifth, with lounge chairs, umbrellas and towel service.

Building Amenities & Services

Co-working area with private offices and board rooms
Children's learning lab & teen club
Screening room
Luxury short term guest suites for friends and family 
Resident only pool bar & café
 24-hour concierge and butler service
Housekeeping services available 
Beach Club transportation via electric Moke
Fully-outfitted Gym 
Spa & Treatment rooms
State-of-the-art fiber-optics provide high-quality internet and WiFi service from every corner of Five Park residences and amenities, even garage and elevator spaces.

The Canopy Club

Miami Beach's first residents only member club, level 26
Sky gaze from club lounge, dining, and living rooms outfitted with outdoor terraces that host amazing views of downtown Miami and Miami Beach  
Enjoy elegant, secluded entertainment options at the private jewel box bar, lounge, and billiards rooms  
Engage in a quiet night in at the clubroom den  
Take advantage of the Canopy Club’s private  dining room, perfect for special events  
A club-level dining experience curated seasonally by a host of visiting renowned chefs  
A wellness lounge outfitted with private training areas, an outdoor workout zone, exercise bikes, yoga deck and juice bar amid spectacular bay and ocean views
In-house personal trainer and wellness coach
Women’s and men’s spa lounges, each with separate saunas, a hammam, and a dedicated massage and treatment room
Dedicated club level concierge

Residence Features

Private elevator
Expansive, open floor plans maximize the Miami sunlight
10’ wide sliding door openings enable terrace access from living rooms
Finished floor terraces accentuate a harmonious blend of indoor-meets-outdoor living
Soaring 10-foot ceilings
10 Ft deep terraces

Kitchen

Residences feature Gabellini Sheppard custom-designed kitchens
Italian-made kitchen cabinets
Stone countertops and backsplashes
Accent colored frosted glass upper cabinets
Integrated wood top dining tables
Gaggenau appliances with ducted cooktop vents

Master Suites

Master bedrooms provide ample wardrobe storage with large walk-in closets
Custom designed Gabellini Sheppard master bathrooms feature Italian made vanities and textured glass shower doors
Select units feature wet rooms

Secondary Bathrooms

Design-forward Hansgrohe bathroom fixtures feature in secondary bathrooms

Tech & Appliances

Front-load washers and ducted, vented dryers for clean and quiet laundry access
Custom Five Park app allows you to conveniently manage your amenity and at-home experience
Residences are prepped with platinum pre-wiring

For More Information please contact the David Siddons Group at 305.508.0899 or [email protected]

Bedrooms2-4
Year Built2023
Units98
Stories48
CityMiami Beach

Amenities at Five Park Miami Beach

24-hour concierge and butler service
Beach Club transportation via electric Moke
Children's learning lab & teen club
Co-working area with private offices and board rooms
Fully-outfitted Gym
Housekeeping services available
Luxury short term guest suites for friends and family
Private Beach Club located South of Fifth, with lounge chairs, umbrellas and towel service
Resident only pool bar & café
Screening room
Spa & Treatment rooms
State-of-the-art fiber-optics provide high-quality internet and WiFi service from every corner of Five Park residences and amenities, even garage and elevator spaces
The adjacent 3-acre Canopy Park features a MONSTRUM Playground, an outdoor gym, picnic areas, dog park, shaded gardens, and art installations
The verdant, plant-filled amenity deck boasts breathtaking sunset views of the Miami skyline and bay, visible from both the adult & family friendly pools. The expansive space also offers unmatched relaxation with shaded trellises, a sunset terrace, numerous cabanas and lounges, and meditation deck

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For Sale

4 Bedroom Condos For Sale at Five Park Miami Beach

unit	Asking Price	% / $	Beds / Baths	Living Size	Price / Sq.Ft.	Days on Market
3402.03	$14,900,000	-7.12%	4 / 4 / 1	5441 Sq.Ft.	$2,738	208
4401	$10,875,000	0%	4 / 4 / 1	3186 Sq.Ft.	$3,413	348
2903	$7,950,000	-6.69%	4 / 4 / 1	2615 Sq.Ft.	$3,040	134

3 Bedroom Condos For Sale at Five Park Miami Beach

unit	Asking Price	% / $	Beds / Baths	Living Size	Price / Sq.Ft.	Days on Market
2105	$5,700,000	0%	3 / 3 / 1	2512 Sq.Ft.	$2,269	156
2203	$4,590,000	0%	3 / 4 / 0	2335 Sq.Ft.	$1,966	134
1601	$3,999,999	0%	3 / 3 / 1	2178 Sq.Ft.	$1,837	43

2 Bedroom Condos For Sale at Five Park Miami Beach

unit	Asking Price	% / $	Beds / Baths	Living Size	Price / Sq.Ft.	Days on Market
3004	$3,470,000	0%	2 / 2 / 1	1434 Sq.Ft.	$2,420	53
3604	$3,450,000	-2.86%	2 / 2 / 1	1434 Sq.Ft.	$2,406	318
2904	$3,200,000	0%	2 / 2 / 1	1434 Sq.Ft.	$2,232	43
2402	$2,885,000	-3.74%	2 / 2 / 1	1218 Sq.Ft.	$2,369	84
1205	$2,849,000	0%	2 / 2 / 1	1516 Sq.Ft.	$1,879	25
1602	$2,599,000	-3.81%	2 / 2 / 1	1201 Sq.Ft.	$2,164	180
2207	$2,475,000	-6.83%	2 / 2 / 1	1451 Sq.Ft.	$1,706	164

1 Bedroom Condos For Sale at Five Park Miami Beach

unit	Asking Price	% / $	Beds / Baths	Living Size	Price / Sq.Ft.	Days on Market
802	$2,200,000	0%	1 / 1 / 1	1110 Sq.Ft.	$1,982	31
2108	$1,650,000	0%	1 / 1 / 1	731 Sq.Ft.	$2,257	10
1204	$1,649,000	-5.94%	1 / 1 / 1	1000 Sq.Ft.	$1,649	162
1906	$1,489,000	-8.98%	1 / 1 / 1	1010 Sq.Ft.	$1,474	347
2004	$1,450,000	-21.26%	1 / 1 / 1	1000 Sq.Ft.	$1,450	148
908	$1,199,000	0%	1 / 1 / 1	878 Sq.Ft.	$1,366	540
501	$1,026,800	0%	1 / 2 / 0	1075 Sq.Ft.	$955	47
502	$908,160	0%	1 / 2 / 0	883 Sq.Ft.	$1,028	45

4 Bedroom Apartments For Rent at Five Park Miami Beach

unit	Asking Price	% / $	Beds / Baths	Living Size	Price / Sq.Ft.	Days on Market
3402.03	$14,900,000	-7.12%	4 / 4 / 1	5441 Sq.Ft.	$2,738	208
4401	$10,875,000	0%	4 / 4 / 1	3186 Sq.Ft.	$3,413	348
2903	$7,950,000	-6.69%	4 / 4 / 1	2615 Sq.Ft.	$3,040	134

3 Bedroom Apartments For Rent at Five Park Miami Beach

unit	Asking Price	% / $	Beds / Baths	Living Size	Price / Sq.Ft.	Days on Market
2702	$39,000	10.81%	3 / 3 / 1	2930 Sq.Ft.	$13	179
3905	$24,950	0%	3 / 3 / 1	1990 Sq.Ft.	$13	70
1601	$24,500	-11.54%	3 / 3 / 1	2187 Sq.Ft.	$11	43

2 Bedroom Apartments For Rent at Five Park Miami Beach

unit	Asking Price	% / $	Beds / Baths	Living Size	Price / Sq.Ft.	Days on Market
1205	$16,000	0%	2 / 2 / 1	1516 Sq.Ft.	$11	15
1707	$14,900	-3.95%	2 / 2 / 1	1451 Sq.Ft.	$10	60

1 Bedroom Apartments For Rent at Five Park Miami Beach

unit	Asking Price	% / $	Beds / Baths	Living Size	Price / Sq.Ft.	Days on Market
904	$9,400	0%	1 / 1 / 1	875 Sq.Ft.	$11	2
2504	$9,200	0%	1 / 1 / 1	854 Sq.Ft.	$11	59
1204	$9,000	-5.41%	1 / 1 / 1	1000 Sq.Ft.	$9	50
908	$7,500	0%	1 / 1 / 1	878 Sq.Ft.	$9	138
808	$7,500	0%	1 / 1 / 1	732 Sq.Ft.	$10	56

3 Bedroom Condos Pending at Five Park Miami Beach

unit	Asking Price	% / $	Beds / Baths	Living Size	Price / Sq.Ft.	Days on Market
3402.03	$14,900,000	-7.12%	4 / 4 / 1	5441 Sq.Ft.	$2,738	208
4401	$10,875,000	0%	4 / 4 / 1	3186 Sq.Ft.	$3,413	348
2903	$7,950,000	-6.69%	4 / 4 / 1	2615 Sq.Ft.	$3,040	134

4 Bedroom Condos Sold at Five Park Miami Beach

unit	Asking Price	% / $	Beds / Baths	Living Size	Price / Sq.Ft.	Days on Market
3402.03	$14,900,000	-7.12%	4 / 4 / 1	5441 Sq.Ft.	$2,738	208
4401	$10,875,000	0%	4 / 4 / 1	3186 Sq.Ft.	$3,413	348
2903	$7,950,000	-6.69%	4 / 4 / 1	2615 Sq.Ft.	$3,040	134

3 Bedroom Condos Sold at Five Park Miami Beach

unit	Asking Price	% / $	Beds / Baths	Living Size	Price / Sq.Ft.	Days on Market
2501	$9,000,000	-14.15%	3 / 3 / 1	3972 Sq.Ft.	$2,266	465
4402	$8,712,500	-5.98%	3 / 3 / 1	2930 Sq.Ft.	$2,974	786
4403	$8,230,000	2.9%	3 / 4 / 1	2615 Sq.Ft.	$3,147	925
3003	$7,000,000	-6.9%	3 / 4 / 0	2615 Sq.Ft.	$2,677	687
3603	$6,750,000	-10.53%	3 / 4 / 1	2451 Sq.Ft.	$2,754	382
3503	$6,674,000	-7.58%	3 / 4 / 1	2615 Sq.Ft.	$2,552	91
3303	$6,500,000	-19.44%	3 / 4 / 1	2615 Sq.Ft.	$2,486	486
3602	$6,175,000	-19.38%	3 / 3 / 1	2930 Sq.Ft.	$2,108	403
2802	$5,950,000	-16.22%	3 / 3 / 1	2930 Sq.Ft.	$2,031	228
4405	$5,149,910	-10.12%	3 / 3 / 1	1969 Sq.Ft.	$2,615	606
2105	$4,800,000	-4.08%	3 / 3 / 1	2526 Sq.Ft.	$1,900	1066
2303	$4,200,000	-10.81%	3 / 4 / 0	0 Sq.Ft.	$0	207
2305/06	$4,050,000	-6.8%	3 / 3 / 1	2526 Sq.Ft.	$1,603	326
1803	$3,900,000	-8.12%	3 / 4 / 0	1991 Sq.Ft.	$1,959	298
3905	$3,735,000	-31.85%	3 / 3 / 1	1969 Sq.Ft.	$1,897	538
1603	$3,620,000	-11.21%	3 / 3 / 1	2336 Sq.Ft.	$1,550	385
1201	$3,500,000	-10.17%	3 / 3 / 1	2178 Sq.Ft.	$1,607	316
1401	$3,450,000	-8.33%	3 / 3 / 1	2178 Sq.Ft.	$1,584	527
903	$3,400,000	-6.96%	3 / 4 / 0	1991 Sq.Ft.	$1,708	103
803	$3,350,000	-7.19%	3 / 3 / 1	2335 Sq.Ft.	$1,435	331
801	$2,900,000	-18.61%	3 / 3 / 1	2178 Sq.Ft.	$1,331	438

2 Bedroom Condos Sold at Five Park Miami Beach

unit	Asking Price	% / $	Beds / Baths	Living Size	Price / Sq.Ft.	Days on Market
3703	$6,700,000	-8.57%	2 / 2 / 1	2615 Sq.Ft.	$2,562	373
4404	$3,984,869	-6.79%	2 / 2 / 1	1434 Sq.Ft.	$2,779	438
4304	$3,890,000	-5.26%	2 / 2 / 1	1434 Sq.Ft.	$2,713	445
2005	$2,750,000	-19.52%	2 / 2 / 1	1389 Sq.Ft.	$1,980	324
1705	$2,735,000	-9.08%	2 / 2 / 1	1516 Sq.Ft.	$1,804	1208
1005	$2,700,000	-15.38%	2 / 2 / 1	1516 Sq.Ft.	$1,781	546
1007	$2,147,665	-11.3%	2 / 2 / 1	1451 Sq.Ft.	$1,480	654
1802	$2,100,000	-26.8%	2 / 2 / 1	1357 Sq.Ft.	$1,548	71
807	$1,950,000	-7.17%	2 / 2 / 1	0 Sq.Ft.	$0	323

1 Bedroom Condos Sold at Five Park Miami Beach

unit	Asking Price	% / $	Beds / Baths	Living Size	Price / Sq.Ft.	Days on Market
1806	$1,515,000	-11.21%	1 / 1 / 1	1010 Sq.Ft.	$1,500	828
2304	$1,400,000	-7.2%	1 / 1 / 1	886 Sq.Ft.	$1,580	253
2308	$1,380,000	-5.19%	1 / 1 / 1	731 Sq.Ft.	$1,888	395
1904	$1,350,000	-5.76%	1 / 1 / 1	875 Sq.Ft.	$1,543	270
2008	$1,332,700	-3.92%	1 / 1 / 1	878 Sq.Ft.	$1,518	327
2006	$1,295,000	-20.76%	1 / 1 / 1	1010 Sq.Ft.	$1,282	564
1006	$1,150,000	-8.33%	1 / 1 / 1	1010 Sq.Ft.	$1,139	267

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$1,200,000-$18,000,000Today's Prices
Bedrooms2-4
Year Built2023
Units98
Stories48
CityMiami Beach

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