641 Espanola Way · Miami Beach, FL 33139 · South Beach

641 Espanola Way

3-story low-rise, completed 1962, 36 residences in South Beach. 1 for sale and 1 for rent on Nov 2, 2026.

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At a glance 641 Espanola Way (641 Espanola Way, South Beach) is a 3-story, 36-unit building completed in 1962. As of Nov 2, 2026, 1 unit is for sale and 1 is for rent; the median rent was $1,950 a month over 6 leases in the last 24 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
1
For rent
1
Median rent
$1,950/mo6 leases · 24 mo
Sales on record
17since 2020
Built
1962
Floors
3
Residences
36county
Flood zone
AEFEMA
Owner-occupied
42%
Avg. unit
588sq ft

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

On the market at 641 Espanola Way.

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 641 Espanola Way.

Activity as of Nov 2, 2026
  • Resale +29%. The median closed price moved from $362/SF in 2022 (6 sales) to $468/SF in 2024 (5 sales), the first and last years with three or more recorded sales.
Read the full record 4 paragraphs and 11 facts, every figure from the MLS and county record

Built in 1962, 641 Espanola Way is a three-story low-rise at 641 Espanola Way in South Beach. The Miami-Dade Property Appraiser lists 36 residential units, averaging 588 SF of living area.

On November 2, 2026, one unit was listed for sale, asking $247K (that is $526/SF). One more was under contract. No sale closed between November 2, 2025 and November 2, 2026; two closed in the 12 months before. The MLS holds 17 closed sales here going back to 2020; among years with three or more sales, 2023 set the high at a median $472/SF.

One unit was offered for rent at $2,000 a month. Two leases were signed over the same 12 months, at $2,400 and $2,600 a month.

About 42% 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
641 Espanola Way, Miami Beach 33139
Neighborhood
South Beach
Year built
1962
Floors
3
Residences (county-verified)
36
Owner-occupied
42% of residences
Avg. unit size
588 sq ft
Total living area
21,180 sq ft
County condo folios
36
Recorded MLS listings
42
Also recorded as
641 Espanola Wy

The numbers at 641 Espanola Way.

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, 2020 to 2026. Count in the tooltip.

$236$472$3092020$3622022$4722023$4682024$3832025$236$472$3092020$3622022$4722023$4682024$3832025

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)––2$2,500/mo*
20251$383*4$1,775/mo
20245$4682$1,888/mo*
20233$4725$2,100/mo
20226$3623$2,400/mo
2021––2$1,200/mo*
20202$309*4$1,300/mo
2019––1$1,350/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 17 sales · 23 leases on record since 2020

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

UnitBDBASFAskedClosed$/SFClose dateDOM
601470$200,000$180,000$383Aug 5, 2025273
801470$225,000$220,000$468Nov 8, 202436

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

UnitBDBASFAsked/moLeased/mo$/SF/moLease dateDOM
1711710$2,800/mo$2,600/mo$3.66Sep 30, 202670
1411790$2,500/mo$2,400/mo$3.04Jun 1, 202611

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 641 Espanola Way.

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 1992

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 1962 (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 641 Espanola Way

5 more nearby

Smaller buildings close by: Marquesa (90 m) · The Park Vintage (100 m) · Harriet Court (110 m) · 735 (120 m) · The Ibiza (210 m) · 1344 Euclid Avenue (240 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

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Tell me your unit and I'll prepare its value myself, from 641 Espanola Way's closed sales and what is listed now. Then we talk it through.

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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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