1401 Bay Rd · Miami Beach, FL 33139 · South Beach

The Sails

5-story mid-rise, completed 1999, 52 residences in South Beach. Nothing listed on Nov 2, 2026; 3 sales closed in the last 12 months.

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At a glance The Sails (1401 Bay Rd, South Beach) is a 5-story, 52-unit building completed in 1999. As of Nov 2, 2026, no unit is listed for sale or for rent; the median closed price was $520 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.

Photo · MLS listing in this building

For sale: 0
For rent: 0
Median $/SF: $5203 sales · 12 mo
Sold: 3last 12 months
Built: 1999
Floors: 5
Residences: 52county
Flood zone: AEFEMA
Owner-occupied: 65%
Avg. unit: 998sq ft

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

On the market at The Sails.

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.

Nothing listed at The Sails on Nov 2, 2026.

That is exactly when off-market outreach works. Tell me which line you want and I'll approach the owners directly.

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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

The Sails, 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

Sold or leased, last 12 months 5
Seen in the MLS before that 21
No MLS record seen 14

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

Units seen26of 52 residences on record

Floors with units4floors 2 to 5

Lines10stacks 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 04, a median 990 sf over 3 units seen, recorded with 2 bedrooms.

The lines what the MLS record holds for each stack of units

Line	Units seen	Typical size	Beds	On the market	Closed $/SF · 24 mo
Line 01	2	990 sf	2	–	–
Line 03	2	990 sf	2	–	–
Line 04	3	990 sf	2	–	–
Line 05	2	990 sf	2	–	1 sale, too few
Line 06	2	1,040 sf	2	–	1 sale, too few
Line 07	3	990 sf	2	–	–
Line 09	3	990 sf	2	–	1 sale, too few
Line 10	3	990 sf	2	–	1 sale, too few
Line 11	2	1,040 sf	2	–	–
Line 13	4	990 sf	2	–	1 sale, too few

3 units in the record sit outside this grid (202, 208, 412): 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 The Sails.

Activity as of Nov 2, 2026

Resale +30%. The median closed price moved from $399/SF in 2020 (4 sales) to $520/SF in 2026 (3 sales), the first and last years with three or more recorded sales.
Gross rental yield 8.6%. A year of rent at the median $3.74/SF/mo (3 leases) against the median $520/SF sale (3 sales), both over 12 months, before HOA, taxes and vacancy.
Sells in a median 120 days. Days on market across the 3 sales closed in the last 12 months.

Read the full record 4 paragraphs and 10 facts, every figure from the MLS and county record

The Sails is a 5-story mid-rise at 1401 Bay Rd in South Beach, built in 1999. County folio records count 52 residences, averaging 998 SF of living area.

Nothing was listed for sale on November 2, 2026. Three sales closed between November 2, 2025 and November 2, 2026, from $490K to $590K, a median $520/SF, after a median 120 days on the market. In the 12 months before that, three sales closed at a median $535/SF, so the median fell 3%. Across 23 recorded sales since 2019, the best year by median price per square foot was 2023, at $611 over 4 sales. That 12-month median ranks 57th of the 83 South Beach buildings with at least three sales in the same window.

Three leases were signed over the same 12 months, at a median $3,700 a month (range $3,400 to $4,000).

County records show 65% of residences as owner-occupied, which makes it more of a primary-home building than an investor one.

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

The record

Address: 1401 Bay Rd, Miami Beach 33139
Neighborhood: South Beach
Year built: 1999
Floors: 5
Residences (county-verified): 52
Owner-occupied: 65% of residences
Avg. unit size: 998 sq ft
Total living area: 51,880 sq ft
County condo folios: 52
Recorded MLS listings: 54

The numbers at The Sails.

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, 2019 to 2026. Count in the tooltip.

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

Year	Sales	Median $/SF	Leases	Median rent
2026 (to date)	3	$520	3	$3,700/mo
2025	2	$628*	3	$3,600/mo
2024	1	$504*	6	$3,350/mo
2023	4	$611	3	$3,600/mo
2022	5	$530	2	$3,850/mo*
2021	3	$429	2	$3,150/mo*
2020	4	$399	4	$2,338/mo
2019	1	$332*	1	$2,500/mo*

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

Own here? See how the building moved since you bought.

I bought in

Median closed $/SF in 2020: $399 (4 sales). In the last 12 months: $520 (3 sales). Change: +30%.

This is the building's movement, not your unit's value. Floor, view, line and condition move a unit's price more than the building does. Only years with three or more recorded sales are listed.

Get your unit's value →

Show all closings 23 sales · 24 leases on record since 2019

Closed sales Nov 2, 2024 to Nov 2, 2026 · 6

Unit	BD	BA	SF	Asked	Closed	$/SF	Close date	DOM
412	2	2	990	$530,000	$490,000	$495	Aug 31, 2026	120
409	2	2	990	$599,000	$590,000	$596	Aug 14, 2026	31
405	2	2	990	$525,000	$515,000	$520	Jun 16, 2026	182
506	2	2	1,040	$799,000	$750,000	$721	May 20, 2025	19
410	2	2	990	$550,000	$530,000	$535	Feb 5, 2025	121
213	2	2	990	$499,000	$499,000	$504	Dec 18, 2024	33

Leases signed Nov 2, 2025 to Nov 2, 2026 · 3

Unit	BD	BA	SF	Asked/mo	Leased/mo	$/SF/mo	Lease date	DOM
513	2	2	990	$3,900/mo	$3,400/mo	$3.43	Jul 15, 2026	50
407	2	2	990	$3,900/mo	$4,000/mo	$4.04	Jun 4, 2026	6
304	2	2	990	$3,800/mo	$3,700/mo	$3.74	Mar 4, 2026	77

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 The Sails.

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 2029

Due by statute by December 31, 2029, 30 years after 1999, 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, 2024.
Based on year built 1999 (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 The Sails

5 more nearby

Smaller buildings close by: The Dorilton (170 m) · West Bay Building (170 m) · Villa Bahia (180 m) · 15 Bay Road Residences (270 m) · The Daria (340 m) · Mirador 1125 (380 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.

Own here, or looking here

Your next move at The Sails starts here.

Owners: tell me your unit and I'll prepare its value myself. Buyers and renters: I'll tell you when a unit here lists or sells. Either way it starts a conversation with me, not a mailing list.

Enrique Ponte Ojeda on a balcony overlooking the water in Miami — **Enrique Ponte Ojeda**
Licensed Florida Real Estate Agent · Carmona Realty Group

Or reach me directly

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Call / Text786-578-6900 Emaileponteojeda@gmail.com