Apartment 49 m² in an Art Deco building on South Beach, Miami Beach — $290,000
A fully furnished one‑bedroom apartment of 527 sq. ft. (approx. 49 m²) is for sale at 631 Euclid Ave #7 in the South Beach area of Miami Beach. The unit is located on the second floor of a secured Art Deco building. The apartment is rented out with a monthly income of $2,300. Price — $290,000.
Location
South Beach is one of the most prestigious areas of Miami Beach, located between Biscayne Bay and the Atlantic Ocean. The apartment is in the heart of the neighborhood, where restaurants, supermarkets, and the beach are within walking distance. Euclid Avenue is one of the main arteries of South Beach, known for its Art Deco architecture and proximity to Ocean Drive. Miami International Airport is about 20 minutes away by car.
About the property
Apartment of 49 m² on the second floor of an Art Deco building. Features: hardwood floors, a modern kitchen with granite countertops, a dishwasher, and a washer/dryer. The bedroom has large windows and dual exposure, providing plenty of natural light. A Nest smart thermostat allows remote temperature control. The building was constructed in 1936 and is fully furnished.
In the complex
Information about the complex is not provided in the source.
Price and costs
- Price — $290,000.
- Price per square foot — $550.
- Area — 49 m².
When purchasing property in Miami‑Dade County, the buyer pays a Documentary Stamp Tax at a rate of $0.60 per $100 of the purchase price for properties up to $1 million, plus $0.45 per $100 for non‑single‑family properties (for a condominium, the total rate is $1.05 per $100). Recording fees and title company fees are also payable.
Annual expenses: property tax — $3,130 (2023). HOA fee — not specified in the source, to be confirmed upon request.
Purchase procedure and transaction format
Form of ownership — full freehold ownership in a condominium. Foreign buyers are eligible to purchase property in Florida. The transaction is closed through a title company and recorded in Miami‑Dade County. Online viewings and remote purchase by power of attorney are available. Languages of support — English, Spanish.
If you are considering it as an investment
The apartment is already rented out with a monthly income of $2,300. The tenant is on a month‑to‑month lease, providing flexibility for the new owner. This is a ready‑to‑go income‑producing property with no need to find tenants. However, rental income does not guarantee coverage of all expenses. Rental income is subject to progressive income tax in the U.S. No data on projected yields is provided in the source.
The seller does not present the property for residency programs.
Suitable for
- Investors looking for a ready‑to‑go income‑producing property with an existing tenant and monthly income of $2,300.
- Buyers who want a home in the heart of South Beach with walking access to the beach, restaurants, and entertainment.
- Those who value historic Art Deco architecture and modern unit features.
May not be suitable for
- If you need a unit with its own parking space — this information is not provided in the source.
- If you plan to move in immediately after purchase — the unit is occupied by a tenant.
- If your budget does not account for the annual taxes of $3,130 and the HOA fee.
- If you prefer a new building — the property was built in 1936.
- If you are not prepared to coordinate viewings with the tenant, requiring 24‑hour notice.
What to know before the transaction
The apartment is occupied by a tenant, so viewings are only possible with 24‑hour notice. As of January 1, 2026, a new law came into effect requiring 24‑hour advance notice to the tenant before a showing. This should be taken into account when planning a visit. Property tax for 2023 was $3,130 — confirm the current rate for 2026. During the season, South Beach is in high demand, and parking and roads may be congested.
How to view and purchase
Let us know when you plan to visit and what your budget is. A Discount House manager will confirm the property's availability, provide a full cost breakdown for the transaction, and suggest alternatives in the same area. Viewings in person or via video. Response within 30 minutes.