Read the full record 4 paragraphs and 10 facts, every figure from the MLS and county record
Built in 1969, Royal Atlantic is a 11-story mid-rise at 465 Ocean Dr in South Beach. The Miami-Dade Property Appraiser lists 235 residential units, averaging 657 SF of living area.
On November 2, 2026, seven units were listed for sale, asking $480K to $595K (median ask $833/SF across 7 listings). Six sales closed between November 2, 2025 and November 2, 2026, from $460K to $790K, a median $904/SF, after a median 112 days on the market. In the 12 months before that, seven sales closed at a median $917/SF, so the median fell 1%. The MLS holds 55 closed sales here going back to 2019; among years with three or more sales, 2025 set the high at a median $968/SF. That 12-month median ranks 26th of the 83 South Beach buildings with at least three sales in the same window. One-bedrooms made up 11 of the 13 sales in the last 24 months, at a median $575,000.
One unit was offered for rent at $3,650 a month. One lease was signed over the same 12 months, at $3,500 a month. Sales outnumbered leases 6 to 1 over that year.
About 37% of the residences are owner-occupied according to county records.
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
- 465 Ocean Dr, Miami Beach 33139
- Neighborhood
- South Beach
- Year built
- 1969
- Floors
- 11
- Residences (county-verified)
- 235
- Owner-occupied
- 37% of residences
- Avg. unit size
- 657 sq ft
- Total living area
- 154,402 sq ft
- County condo folios
- 235
- Recorded MLS listings
- 65