1201 20th St · Miami Beach, FL 33139 · South Beach

Palau Sunset Harbour

5-story mid-rise, completed 2016, 50 residences in South Beach. 3 for sale and 1 for rent on Nov 2, 2026.

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At a glance Palau Sunset Harbour (1201 20th St, South Beach) is a 5-story, 50-unit building completed in 2016. As of Nov 2, 2026, 3 units are for sale and 1 is for rent; the median closed price was $1,469 per square foot over 3 sales in the last 12 months. FEMA flood zone AE. Source: Miami Assoc. of REALTORS® MLS via Bridge IDX, Miami-Dade Property Appraiser records and the FEMA flood map.

6 photos from my condo archive

For sale
3
For rent
1
Median $/SF
$1,4693 sales · 12 mo
Sold
3last 12 months
Built
2016
Floors
5
Residences
50county
Flood zone
AEFEMA
Owner-occupied
30%
Avg. unit
1,364sq ft

MLS via Bridge IDX · as of Nov 2, 2026 · How these numbers are made

On the market at Palau Sunset Harbour.

The weekly MLS snapshot, newest asks first. Each unit opens its full listing: photos, taxes, history. Or check the live feed for today's inventory.

Snapshot as of Nov 2, 2026.

Listings matched to this building's recorded addresses. I don't have to be the listing agent to show you any unit or to negotiate for you. Search condos in 33139

Palau Sunset Harbour, floor by floor.

Every unit the MLS has recorded here, placed by its unit number: floors up, lines across, each column as wide as the units in it. Amber is for sale today (a unit listed both for sale and for rent is amber). Hover or tap a unit to read its record.

26 units seen · MLS via Bridge IDX · as of Nov 2, 2026
  • For sale 2
  • Under contract 2
  • For rent 1
  • Sold or leased, last 12 months 5
  • Seen in the MLS before that 16
  • No MLS record seen 10
01020405060708091012131442010204050607080910121442Floor 5: no unit seen in the MLSFloor 5: no unit seen in the MLSFloor 1: no unit seen in the MLSFloor 1: no unit seen in the MLS

Tap a unit to read its record here. Amber and white units open their listing page.

Units seen26of 50 residences on record
Floors with units3floors 2 to 4
Lines12stacks of units, by number

Closed $/SF figures use the 5 recorded sales of these units in the 24 months to Nov 2, 2026; a median needs three. Floor, line and size are the record's. Views and orientation are not in it and are not shown.

The largest typical unit is line 05, a median 1,820 sf over 3 units seen, recorded with 3 bedrooms.

The lines what the MLS record holds for each stack of units
LineUnits seenTypical sizeBedsOn the marketClosed $/SF · 24 mo
Line 0122,121 sf31–
Line 0221,835 sf3––
Line 0431,440 sf211 sale, too few
Line 0531,820 sf3––
Line 0621,022 sf1–1 sale, too few
Line 0721,303 sf2––
Line 082750 sf1––
Line 0921,203 sf2––
Line 1021,476 sf311 sale, too few
Line 122780 sf1––
Line 132701 sf1–2 sales, too few
Line 1421,334 sf22–

4 units in the record sit outside this grid (PH02, PH06, PH07, PH08): penthouse, townhouse or ground-level numbers, or lines seen only once or twice.

How this is drawn: a unit's floor and line come from its MLS unit number alone (5614 is floor 56, line 14). A cell exists only where the MLS has recorded a listing, a closing or a lease; a blank means no record was seen, not that no unit exists. Column widths follow each line's median recorded living area. Pre-construction towers and buildings with a thin record have no drawing.

Floor and line from the MLS unit number; a blank cell means no record was seen. How these numbers are made

The read on Palau Sunset Harbour.

Activity as of Nov 2, 2026
  • Resale -24%. The median closed price moved from $1,417/SF in 2022 (8 sales) to $1,070/SF in 2025 (5 sales), the first and last years with three or more recorded sales.
  • Gross rental yield 6.6%. A year of rent at the median $8.08/SF/mo (6 leases) against the median $1,469/SF sale (3 sales), both over 12 months, before HOA, taxes and vacancy.
  • Asks run +7% against closings. Sellers ask a median $1,567/SF (3 listings) against $1,469/SF closed (3 sales, 12 months). Asks are priced close to what actually closes here.
  • Sells in a median 128 days. Days on market across the 3 sales closed in the last 12 months.
  • A renters' building. Leases outnumbered sales 2 to 1 over the last 12 months (6 leases, 3 sales), at a median $13,375 a month.

Where it ranks citywide, condo buildings in 17 Miami neighborhoods

  • #63 of 584 · highest sales turnover14% of units sold in 24 months · n 7 · Oct 2024 to Sep 2026

See the full rankings · How rankings are made

Read the full record 4 paragraphs and 14 facts, every figure from the MLS and county record

Built in 2016, Palau Sunset Harbour is a 5-story mid-rise at 1201 20th St in South Beach. The Miami-Dade Property Appraiser lists 50 residential units plus nine commercial units, averaging 1,364 SF of living area. Kobi Karp Architecture & Interior Design designed it for SMG Management. The condo archive records it as waterfront (canal). County records file it under the subdivision name Island View Addn, which is not this building's own name.

On November 2, 2026, three units were listed for sale, asking $1.9M to $4.9M (median ask $1,567/SF across 3 listings). One more was under contract. Three sales closed between November 2, 2025 and November 2, 2026, from $750K to $3M, a median $1,469/SF, after a median 128 days on the market. In the 12 months before that, four sales closed at a median $1,061/SF, so the median rose 38%. That 12-month median ranks 13th of the 83 South Beach buildings with at least three sales in the same window. One-bedrooms made up three of the 7 sales in the last 24 months, at a median $750,000.

One unit was offered for rent at $22,500 a month. Six leases were signed over the same 12 months, at a median $13,375 a month (range $6,650 to $16,500). Leases outnumbered sales 2 to 1 over that year, so renters are a large share of who lives here.

About 30% of the residences are owner-occupied according to county records, which points to an investor-heavy ownership base.

Sources: Miami Assoc. of REALTORS® MLS via Bridge IDX (activity as of November 2, 2026), Miami-Dade Property Appraiser records and my condo archive. Blanks mean the record doesn't state it; nothing here is estimated.

The record

Address
1201 20th St, Miami Beach 33139
Neighborhood
South Beach
Developer
SMG Management
Architect
Kobi Karp Architecture & Interior Design
Year built
2016
Floors
5
Residences (county-verified)
50
Commercial units
9
Owner-occupied
30% of residences
Avg. unit size
1,364 sq ft
Total living area
68,197 sq ft
County condo folios
59
Waterfront
Yes / Canal
Recorded MLS listings
66

The numbers at Palau Sunset Harbour.

Every sale and lease the MLS has recorded at this address, sales first.

MLS via Bridge IDX · as of Nov 2, 2026

Median $/SF by year closed

Every recorded sale at this address, 2020 to 2026. Count in the tooltip.

$797$1,594$9012020$1,0822021$1,4172022$1,5062023$1,2502024$1,0702025$1,5942026$797$1,594$90120202021$1,41720222023$1,25020242025$1,5942026

Pale bars: fewer than three sales that year, so the bar is the sale itself or the average of two, too few for a median.

Year by year, every recorded closing
YearSalesMedian $/SFLeasesMedian rent
2026 (to date)2$1,594*5$13,750/mo
20255$1,0708$6,588/mo
20242$1,250*8$8,325/mo
20232$1,506*6$6,525/mo
20228$1,4176$10,750/mo
20211$1,082*4$3,975/mo
20201$901*5$6,500/mo

* Fewer than three closings that year: the figure is the closing itself or the average of two, too few for a median.

Show all closings 21 sales · 42 leases on record since 2020

Closed sales Nov 2, 2024 to Nov 2, 2026 · 7

UnitBDBASFAskedClosed$/SFClose dateDOM
PH0732.51,745$4,150,000$3,000,000$1,719Jun 17, 2026128
30422.51,440$2,389,000$2,115,000$1,469Jan 20, 202682
31311.5701$785,000$750,000$1,070Nov 3, 2025230
41311.5701$699,500$699,000$997Aug 13, 202543
31032.51,481$1,875,000$1,665,000$1,124Aug 1, 202523
PH0233.52,031$3,795,000$3,500,000$1,723Jul 3, 202571
20611.5866$850,000$825,000$953Mar 31, 20257

Leases signed Nov 2, 2025 to Nov 2, 2026 · 6

UnitBDBASFAsked/moLeased/mo$/SF/moLease dateDOM
40133.51,959$13,500/mo$13,000/mo$6.64Aug 18, 202638
20422.51,440$14,500/mo$14,500/mo$10.07Jul 1, 202654
30133.52,283$15,000/mo$13,750/mo$6.02May 16, 202650
31211.5780$6,650/mo$6,650/mo$8.53Mar 20, 202614
20533.51,820$18,500/mo$16,500/mo$9.07Feb 20, 202625
31211.5875$6,650/mo$6,675/mo$7.63Dec 1, 202561

Data: Miami Assoc. of REALTORS® MLS via Bridge IDX, as of Nov 2, 2026. Listings matched to this building's recorded addresses; pending includes under-contract. Closed listings shown as records only, no photos. Blanks mean the record doesn't state it. How these numbers are made

The file on Palau Sunset Harbour.

The rules on record, the documents in my files, the two Florida checks every buyer should run, and the buildings around it. Each card opens.

FEMA flood zone

AE

Inside FEMA's Special Flood Hazard Area. A federally backed mortgage requires flood insurance here.

What the zone means
  • The 1% annual chance ("100-year") flood area, with a base flood elevation set.
  • Base flood elevation 8 ft (NGVD29).
  • The zone is a map line, not a premium. Ask the association for its master flood policy, and get a flood quote for the specific unit before you commit.

FEMA National Flood Hazard Layer, checked at the building's mapped location on Oct 12, 2026. Open the official map ↗

Milestone structural inspection

Due 2046

Due by statute by December 31, 2046, 30 years after 2016, then every 10 years.

What the deadline means
  • Miami-Dade sets 25 years for condo buildings within three miles of the coastline, which would be December 31, 2041.
  • Based on year built 2016 (county record). The statute counts from the certificate of occupancy date, which can differ.
  • The association must give every owner the inspector's summary. Ask for it, and for the structural integrity reserve study, before you commit.

Fla. Stat. § 553.899(3) ↗ and Miami-Dade recertification ↗, read Oct 9, 2026. What the deadline means for buyers

Nearby

Around Palau Sunset Harbour

5 more nearby

Smaller buildings close by: Miami Beach Townhomes (460 m) · 11 11 Residences (530 m) · 1111 East Residences (580 m) · The Zen (700 m) · Capri South Beach Building A (730 m) · Emil Luxury (780 m)

Compare with the two nearest →Every South Beach building →Distances are straight-line. Building data from Miami Assoc. of REALTORS® MLS records via Bridge IDX.

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Enrique Ponte Ojeda on a balcony overlooking the water in Miami
I read the building before you buy or sell a unit in it.Closed history, the association's rules, what is really for sale and what it should trade at. Then we talk.
Enrique Ponte Ojeda
Licensed Florida Real Estate Agent · Carmona Realty Group

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