Meridian 5
421 Meridian Avenue, Miami Beach, FL 33139
South of Fifth
Folio 0242033540001
- Year built
- 2011
- Residences
- 20
- Building area
- 18,095 sq ft
- Median residence
- 947 sq ft
- FEMA flood zone
- Zone AE · BFE 8 ft
- Latest arms-length sale
- $870,000 · Oct 2025
- Median sale (10 yr)
- $726,000
- Recorded transfers
- 55
Meridian 5 is a 20-residence boutique condominium building at 421 Meridian Avenue, in South Beach, completed in 2011. It has a median residence of 947 square feet.
The recorded market runs to 44 arms-length sales since 2011, an annual turnover rate of 7.5 percent of the building over the past decade, and a median of $555 per square foot. Across 23 same-unit resales, 96 percent sold above their prior recorded price, with a median gain of 40 percent over a median hold of 4.8 years.
Recorded sales history
Recorded transfers for this building in Miami-Dade County public records, back to Oct 2011. Prices reflect the recorded consideration; transfers the Property Appraiser does not qualify as arms-length are shown unmarked. Nominal-consideration paper transfers (deeds into trusts and LLCs, estate and family transfers, corrective deeds) are part of the record but not sales, and are omitted from this table. Recording lags closing, so the newest sales can take several weeks to appear.
| Date | Residence | Size | Price | Arms-length |
|---|---|---|---|---|
| Oct 2025 | 16 | 952 sf | $870,000 | ✓ |
| Jan 2024 | 8 | 941 sf | $875,000 | ✓ |
| Aug 2023 | 6 | 915 sf | $835,000 | ✓ |
| Jul 2023 | 19 | 861 sf | $733,000 | ✓ |
| May 2022 | 10 | 940 sf | $750,000 | ✓ |
| May 2022 | 15 | 1,013 sf | $1,280,000 | ✓ |
| Mar 2022 | 20 | 976 sf | $615,000 | ✓ |
| Jul 2021 | 9 | 825 sf | $565,000 | ✓ |
| Mar 2021 | 15 | 1,013 sf | $625,000 | ✓ |
| Mar 2020 | 2 | 559 sf | $322,500 | ✓ |
| Dec 2018 | 8 | 941 sf | $620,000 | ✓ |
| Oct 2018 | 9 | 825 sf | $455,000 | ✓ |
| Aug 2018 | 17 | 979 sf | $719,000 | ✓ |
| Aug 2017 | 16 | 952 sf | $625,000 | ✓ |
| Mar 2017 | 3 | 1,137 sf | $795,000 | ✓ |
| Jul 2016 | 4 | 971 sf | $870,000 | ✓ |
| Jun 2015 | 11 | 1,096 sf | $710,000 | ✓ |
| Jun 2015 | 21 | 1,115 sf | $925,000 | ✓ |
| Mar 2015 | 17 | 979 sf | $687,500 | ✓ |
| Mar 2015 | 2 | 559 sf | $340,000 | ✓ |
| Jul 2014 | 18 | 979 sf | $650,000 | ✓ |
| Feb 2014 | 8 | 941 sf | $525,000 | ✓ |
| Aug 2013 | 14 | 671 sf | $455,000 | ✓ |
| Jun 2012 | 10 | 940 sf | $460,000 | ✓ |
| Apr 2012 | 6 | 915 sf | $470,000 | ✓ |
| Feb 2012 | 2 | 559 sf | $86,800 | |
| Feb 2012 | 19 | 861 sf | $408,000 | ✓ |
| Feb 2012 | 8 | 941 sf | $455,000 | ✓ |
| Dec 2011 | 16 | 952 sf | $473,000 | ✓ |
| Dec 2011 | 18 | 979 sf | $475,000 | ✓ |
| Nov 2011 | 14 | 671 sf | $270,000 | ✓ |
| Nov 2011 | 12 | 671 sf | $261,000 | ✓ |
| Nov 2011 | 21 | 1,115 sf | $509,000 | ✓ |
| Nov 2011 | 15 | 1,013 sf | $465,000 | ✓ |
| Nov 2011 | 7 | 941 sf | $408,000 | ✓ |
| Nov 2011 | 14 | 671 sf | $250,000 | ✓ |
| Nov 2011 | 2 | 559 sf | $217,000 | ✓ |
| Nov 2011 | 3 | 1,137 sf | $420,000 | ✓ |
| Nov 2011 | 4 | 971 sf | $410,000 | ✓ |
| Nov 2011 | 17 | 979 sf | $435,000 | ✓ |
| Nov 2011 | 11 | 1,096 sf | $565,000 | ✓ |
| Nov 2011 | 5 | 989 sf | $463,320 | ✓ |
| Nov 2011 | 9 | 825 sf | $384,000 | ✓ |
| Nov 2011 | 1 | 564 sf | $197,000 | ✓ |
| Oct 2011 | 20 | 976 sf | $440,000 | ✓ |
✓ = qualified arms-length per the Miami-Dade Property Appraiser. 10 nominal-consideration paper transfers omitted.
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Building facts and sales records are compiled from Miami-Dade County public records (Property Appraiser) and reviewed against recognized architectural references. Figures are reported as recorded and may be updated as the county updates its records. This page is informational and is not an offer, solicitation, or valuation.