1611 Michigan Ave · Miami Beach, FL 33139 · South Beach

Monterrey

3-story low-rise, completed 1938, 26 residences in South Beach. 4 for sale on Nov 2, 2026.

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At a glance Monterrey (1611 Michigan Ave, South Beach) is a 3-story, 26-unit building completed in 1938. As of Nov 2, 2026, 4 units are for sale and none for rent; the median rent was $1,700 a month over 6 leases 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
4
For rent
0
Median rent
$1,700/mo6 leases · 12 mo
Sales on record
6since 2019
Built
1938
Floors
3
Residences
26county
Flood zone
AEFEMA
Owner-occupied
15%
Avg. unit
475sq ft

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

On the market at Monterrey.

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

The read on Monterrey.

Activity as of Nov 2, 2026
  • A renters' building. Every MLS transaction recorded here in the last 12 months was a lease (6).
Read the full record 4 paragraphs and 10 facts, every figure from the MLS and county record

Built in 1938, Monterrey is a three-story low-rise at 1611 Michigan Ave in South Beach. The Miami-Dade Property Appraiser lists 26 residential units, averaging 475 SF of living area.

On November 2, 2026, four units were listed for sale, asking $190K to $265K (median ask $397/SF across 4 listings). No sale closed between November 2, 2025 and November 2, 2026; one closed in the 12 months before.

Six leases were signed over the same 12 months, at a median $1,700 a month (range $1,650 to $1,850). Every MLS transaction recorded here in that window was a lease.

About 15% 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. Blanks mean the record doesn't state it; nothing here is estimated.

The record

Address
1611 Michigan Ave, Miami Beach 33139
Neighborhood
South Beach
Year built
1938
Floors
3
Residences (county-verified)
26
Owner-occupied
15% of residences
Avg. unit size
475 sq ft
Total living area
12,352 sq ft
County condo folios
26
Recorded MLS listings
58

The numbers at Monterrey.

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.

$208$415$2422019$2652020$3242021$3822022$4152023$3142025$208$415$2422019$2652020$3242021$3822022$4152023$3142025

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)––5$1,700/mo
20251$314*9$1,700/mo
2024––6$1,713/mo
20231$415*3$2,000/mo
20221$382*5$1,900/mo
20211$324*10$1,400/mo
20201$265*6$1,300/mo
20191$242*1$1,400/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 6 sales · 45 leases on record since 2019

Closed sales Nov 2, 2024 to Nov 2, 2026 · 1

UnitBDBASFAskedClosed$/SFClose dateDOM
711446$190,000$140,000$314Jun 16, 202558

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

UnitBDBASFAsked/moLeased/mo$/SF/moLease dateDOM
1511491$1,700/mo$1,700/mo$3.46Sep 21, 2026186
2701482$1,900/mo$1,850/mo$3.84Aug 21, 2026133
411478$1,750/mo$1,750/mo$3.66Jul 30, 202650
1311478$1,700/mo$1,650/mo$3.45Jun 1, 202633
1001538$1,700/mo$1,700/mo$3.16May 22, 202635
711446$1,700/mo$1,700/mo$3.81Nov 20, 202598

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 Monterrey.

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

Turned 30 in 1968

The statute's first deadline for a building this age was December 31, 2024, then every 10 years.

What the deadline means
  • Based on year built 1938 (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 Monterrey

5 more nearby

Smaller buildings close by: The Exotic Villas (30 m) · Celestial Arms (130 m) · The Sabine (250 m) · 1111 East Residences (250 m) · The Ibiza (270 m) · 11 11 Residences (320 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

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.

Own here?

Get your unit's value

Tell me your unit and I'll prepare its value myself, from Monterrey's closed sales and what is listed now. Then we talk it through.

Phone or email. One is enough.

Thinking about

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Looking here?

Get alerts when a unit lists or sells

When a unit at Monterrey lists or sells, I'll let you know. I send these myself, not a robot.

Phone or email. One is enough.

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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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