1-Bedroom Condo at Jefferson Heights, South Beach, Miami Beach — $260,000
A 1-bedroom, 1-bathroom condo with 645 sq ft (about 60 m²) is for sale at 825 Jefferson Ave #4, Miami Beach, Florida 33139. The unit is located in the Jefferson Heights condominium in the heart of South Beach. The condo is sold unfinished, which opens the possibility for a remodel. Price — $260,000.
Location
Jefferson Ave is located in the Flamingo/Lummus area, in the central part of South Beach. The famous South Beach is just a few minutes' walk away. Around it — restaurants, boutiques, and entertainment venues on Ocean Drive and Lincoln Road. The area's Walk Score is 94 out of 100. Nearest schools: South Pointe Elementary (0.43 miles), Fienberg/Fisher K-8 (0.57 miles).
About the Property
A 645 sq ft (60 m²) condo on the first floor. The building was constructed in 1950. The unit is sold unfinished. In comparable units in this building — wood floors, a separate bedroom, large closets. The exact layout and condition of this specific unit are to be confirmed at viewing.
In the Complex
Jefferson Heights Condominium is a low-rise complex with an inner courtyard and landscaping. The HOA fee in comparable units in this building is $550 per month, covering common areas, hot water, grounds maintenance, sewer, trash removal, and water. Parking — street only. Pets are allowed with restrictions.
Price and Costs
- Price — $260,000.
- Price per square foot — $403.
When purchasing real estate in Miami-Dade County, the buyer pays the Documentary Stamp Tax at a rate of $1.05 per $100 of the transaction price for condominiums. Registration fees and title company services are also paid.
Annual expenses: HOA fee — about $550 per month (based on data for a comparable unit in this building). Property tax in 2022 for a comparable property was $2,810 per year. For a 1-bedroom condo in ZIP code 33139, the average median value is $337,000.
Ownership and Transaction Format
Ownership type — freehold in a condominium. For foreign buyers, purchasing real estate in Florida is available. The transaction is closed at a title company with registration in Miami-Dade County. Online viewings and remote closing via power of attorney are possible. Support languages — English, Spanish.
If You're Considering It as an Investment
Miami Beach has some of the strictest short-term rental rules in the United States. Short-term rental (less than 6 months and 1 day) is prohibited in most residential zones. For legal renting, it is necessary to obtain a Florida DBPR license, a County Certificate of Use, a Business Tax Receipt, and a Resort Tax Certificate. However, the key limitation is association bylaws: even if the city permits renting, the association may prohibit it, and state laws do not protect against such prohibitions. Before purchasing, it is necessary to request written confirmation of rental rules from the Jefferson Heights association. The South Beach market in 2026 shows a moderate decline: the median value of condos in 33139 is $441,000 (−3.5% year over year). One-bedroom condos — $337,000 (−3.4%).
Best For
— Those looking for an affordable condo within walking distance of South Beach.
— Buyers ready to invest in renovations and customize the space to their taste.
— Those considering the unit for long-term rental in a prestigious area.
May Not Be Suitable
— If you plan short-term rental — Miami Beach rules are extremely strict, and the association may prohibit renting.
— If you need a turnkey renovation — the condo is sold unfinished.
— If a dedicated parking space matters — parking is street only.
— If your budget does not account for the HOA fee of about $550 per month.
What to Know Before the Transaction
The building was constructed in 1950 — it is worth requesting a report on the condition of the engineering systems, roof, and facade. The HOA fee covers basic utilities, but older buildings in South Beach are characterized by special assessments and rising fees due to reserve fund requirements. During high season, the area is in high demand, and parking and roads may be occupied. Be sure to check the association's rental rules before purchasing.
How to View and Buy
Let us know when you plan to travel and what budget you have in mind. A Discount House manager will confirm the availability of the unit, send a full breakdown of transaction costs, and suggest alternatives in the same area. Viewing in person or by video. Response within 30 minutes.