Read the full record 4 paragraphs and 14 facts, every figure from the MLS and county record
Completed in 2007, Latitude on the River stands 44 stories at 185 SW 7th St in Downtown. County folio records count 452 residences plus two commercial units, averaging 1,012 SF of living area. The condo archive records it as waterfront (river). It is one of two buildings recorded under the Latitude on the River name.
17 units were for sale on November 2, 2026, asking $335K to $650K (median ask $504/SF across 17 listings). One more was under contract. 15 sales closed between November 2, 2025 and November 2, 2026, from $290K to $760K, a median $478/SF, after a median 88 days on the market. In the 12 months before that, six sales closed at a median $468/SF, so the median rose 2%. Across 166 recorded sales since 2019, the best year by median price per square foot was 2024, at $528 over 10 sales. That 12-month median ranks 30th of the 47 Downtown buildings with at least three sales in the same window.
14 units were offered for rent at $2,400 to $4,650 a month. 65 leases were signed over the same 12 months, at a median $2,950 a month (range $1,950 to $5,225). Leases outnumbered sales 4 to 1 over that year, so renters are a large share of who lives here.
County records show 28% of residences as owner-occupied, which points to an investor-heavy ownership base. Association rules on file: pets yes (owners & tenants); no short-term rentals; minimum lease 3 months; up to four leases a year. The association is managed by Peabody Properties Miami, LLC. I have six of its association documents on file, including the Declaration of Condominium and the Amendments to the Declaration.
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
- 185 SW 7th St, Miami 33130
- Neighborhood
- Downtown
- Management
- Peabody Properties Miami, LLC
- Front desk / mgmt
- (786) 364-3685
- Year built
- 2007
- Floors
- 44
- Residences (county-verified)
- 452
- Commercial units
- 2
- Owner-occupied
- 28% of residences
- Avg. unit size
- 1,012 sq ft
- Total living area
- 457,616 sq ft
- County condo folios
- 454
- Waterfront
- Yes / River
- Recorded MLS listings
- 754