421 Meridian Ave · Miami Beach, FL 33139 · South Beach

Meridian 5

4-story low-rise, completed 2011, 20 residences in South Beach. 2 for sale and 1 for rent on Nov 2, 2026.

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At a glance Meridian 5 (421 Meridian Ave, South Beach) is a 4-story, 20-unit building completed in 2011. As of Nov 2, 2026, 2 units are for sale and 1 is for rent; the median rent was $5,500 a month over 5 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
2
For rent
1
Median rent
$5,500/mo5 leases · 12 mo
Sold
1last 12 months
Built
2011
Floors
4
Residences
20county
Flood zone
AEFEMA
Owner-occupied
45%
Avg. unit
905sq ft

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

On the market at Meridian 5.

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 Meridian 5.

Activity as of Nov 2, 2026
  • A quiet record. The most recent sale on record closed Aug 19, 2026; 8 sales are on record since 2021.
Read the full record 4 paragraphs and 11 facts, every figure from the MLS and county record

Meridian 5 is a low-rise condominium of four floors at 421 Meridian Ave in South Beach, built in 2011. County folio records count 20 residences plus 17 commercial units, averaging 905 SF of living area.

Two units were for sale on November 2, 2026, asking $895K to $1.3M ($1,039 to $1,165/SF). One sale closed between November 2, 2025 and November 2, 2026 at $1.1M, $1,076/SF. The year before saw one closed sale.

One unit was offered for rent at $12,000 a month. Five leases were signed over the same 12 months, at a median $5,500 a month (range $3,100 to $8,000).

County records show 45% of residences as owner-occupied.

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
421 Meridian Ave, Miami Beach 33139
Neighborhood
South Beach
Year built
2011
Floors
4
Residences (county-verified)
20
Commercial units
17
Owner-occupied
45% of residences
Avg. unit size
905 sq ft
Total living area
18,095 sq ft
County condo folios
37
Recorded MLS listings
30

The numbers at Meridian 5.

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, 2021 to 2026. Count in the tooltip.

$538$1,076$6512021$1,0312022$8512023$9302024$9142025$1,0762026$538$1,076$6512021$1,0312022$8512023$9302024$9142025$1,0762026

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)1$1,076*4$5,000/mo
20251$914*2$7,150/mo*
20241$930*6$5,695/mo
20231$851*2$4,700/mo*
20222$1,031*1$4,300/mo*
20212$651*2$3,300/mo*
2020––3$3,000/mo
2019––1$3,300/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 8 sales · 21 leases on record since 2021

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

UnitBDBASFAskedClosed$/SFClose dateDOM
15221,013$1,290,000$1,090,000$1,076Aug 19, 202620
1622952$949,000$870,000$914Oct 31, 2025458

Leases signed Nov 2, 2025 to Nov 2, 2026 · 5

UnitBDBASFAsked/moLeased/mo$/SF/moLease dateDOM
11221,096$6,500/mo$6,500/mo$5.93Oct 1, 202612
622915$5,500/mo$5,500/mo$6.01Aug 27, 202687
1411.5671$3,100/mo$3,100/mo$4.62Aug 13, 202680
1912861$4,500/mo$4,500/mo$5.23Jan 17, 202626
1622952$7,500/mo$8,000/mo$8.40Dec 27, 202540

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 Meridian 5.

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 2041

Due by statute by December 31, 2041, 30 years after 2011, 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, 2036.
  • Based on year built 2011 (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 Meridian 5

5 more nearby

Smaller buildings close by: 350 Meridian (100 m) · 5-18 (120 m) · The Jefferson (130 m) · Fountainhead Miami Beach (130 m) · Washington Pointe (170 m) · The Manhattan (180 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 Meridian 5's closed sales and what is listed now. Then we talk it through.

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Thinking about

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Looking here?

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When a unit at Meridian 5 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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