233 1st St, Miami Beach FL 33139

For Sale · Active Listing

$3,900,000

Est. Payment $20,757/mo

MLS Sheet Video

1924

Year Built

Days on Market

Description

Rare redevelopment opportunity in the heart of South of Fifth. Located at 233 1st Street, this property is positioned on one of Miami Beach’s most desirable streets, moments from the beach, South Pointe Park, marinas, restaurants, and some of the area’s top luxury developments. Zoned C-PS1. Existing structure requires complete renovation/redevelopment and is being sold as-is. Exceptional opportunity for investors, developers, or end users seeking a prime South of Fifth location with long-term upside.

Facts

MLS#: A12024132
Subdivision: —
Property Type: Commercial Sale
Property Sub Type: Mixed Use
Year Built: 1924
Lot Size: 4,000 ft²
Sq. Ft.: —
Sq. Mt.: —
Price per sq. ft.: —
Price per sq. mt.: —
Stories: —
Garage: —
Pool: —
Days on Market: 15 days
Listed: May 22, 2026
Last Updated: May 26, 2026
Price/Lot Sq.Ft.: $975/ft²

Comparable homes

Same ZIP, similar price + bedrooms.

$3,850,000

— bd · 0 ba · —

819 5th St, Miami Beach FL 33139

1561 Jefferson Avenue, Miami Beach FL 33139

$4,250,000

— bd · 0 ba · —

1561 Jefferson Avenue, Miami Beach FL 33139

$4,250,000

— bd · 0 ba · 10,334 sqft

1561 Jefferson Avenue, Miami Beach FL 33139

$4,250,000

— bd · 0 ba · —

Miami Beach, FL 33139

$4,450,000

— bd · 0 ba · 7,868 sqft

1000 7th Street, Miami Beach FL 33139

$4,450,000

— bd · 0 ba · —

1000 7th St, Miami Beach FL 33139

$4,500,000

— bd · 0 ba · —

Miami Beach, FL 33139

$3,250,000

— bd · 0 ba · —

455 W Dilido Dr, Miami Beach FL 33139

Market insights for Miami Beach

Live MLS-derived activity. Forecast is a conservative rule-of-thumb estimate — not a guarantee.

Sellers market

July 2026

100/100

Buyers marketSellers market

Median days to sold

+4.5%

1-year price forecast (est.)

Price & tax history

From the live MIAMI MLS feed. Older history requires the ListingHistory resource (not yet enabled).

5/22/2026

Listed for sale

$3,900,000

History reflects fields present on the live MLS record. Full multi-year history requires the MIAMI ListingHistory resource (not yet enabled).

Location

233 1st St, Miami Beach FL 33139Directions

GreatSchools Summary Ratings

Public + private K-12 schools within 5 miles of this listing.

Allapattah Flats K-8
PK,KG,1,2,3,4,5,6,7,8 · public · 2.5 mi
St. Lucie Virtual Instruction Program
KG,1,2,3,4,5,6,7,8,9,10,11,12 · public · 2.5 mi
Somerset Career Academy
6,7,8,9,10,11,12 · charter · 2.9 mi
Somerset College Prep Academy
6,7,8,9,10,11,12 · charter · 2.9 mi
Grace Christian Academy
PK,KG,1,2,3,4,5,6,7,8,9,10,11,12,UG · private · 3.0 mi
Grace Christian Academy of St. Lucie County, Inc
PK,KG,1,2,3,4,5,6,7,8,9,10,11,12,UG · private · 3.0 mi
Homebound Program
KG,1,2,3,4,5,6,7,8,9,10,11,12 · public · 3.7 mi
Sunlight Christian Academy Upper School, PGA Village
6,7,8,9,10,11 · private · 3.9 mi
Baron Academy
1,2,3,4,5,6 · private · 3.9 mi
Barnabas Christian Academy
KG,1,2,3,4,5,6,7,8,9,10,11,12 · private · 4.0 mi

Estimated Monthly Payment

$24,157/mo

Principal & Interest

$20,757

Property Tax

$3,250

Insurance

$150

HOA

Down Payment20% ($780,000)

Interest Rate7.00%

Loan Term30 years

Property Tax Rate1.00% (FL avg ~1.0%)

HOA / Maintenance$0/mo

Insurance$150/mo

Estimates only. Actual payment depends on credit, lender, insurance carrier, and FL/Miami-Dade specifics. Contact Rangely for a precise quote.

Rangely Adames

Sales Associate | Sunland Group

(954) 604-3276 info@rangelyadames.com

Hablo Español

The data relating to real estate for sale on this website comes in part from the Southeast Florida Multiple Listing Service. MLS Data is deemed reliable, but is not guaranteed accurate by MIAMI REALTORS®.

Accuracy of listing information is not guaranteed. Listing information is provided for personal consumer, non-commercial use, solely to identify potential properties for potential purchase. All other use is strictly prohibited and may be a violation of federal and state law.

Updated within 24 hours