The Palm Residences So Bch
1572 Meridian Avenue, Miami Beach, FL 33139
South Beach
Folio 0232341400001
- Year built
- 1935
- Residences
- 12
- Building area
- 9,636 sq ft
- Median residence
- 803 sq ft
- FEMA flood zone
- Zone AE · BFE 8 ft
- Latest arms-length sale
- $500,000 · Mar 2025
- Median sale (10 yr)
- $420,000
- Recorded transfers
- 52
The Palm Residences So Bch is a 12-residence boutique condominium building at 1572 Meridian Avenue, in South Beach, completed in 1935. It has a median residence of 803 square feet.
The recorded market runs to 40 arms-length sales since 2001, an annual turnover rate of 9.2 percent of the building over the past decade, and a median of $377 per square foot. Across 28 same-unit resales, 82 percent sold above their prior recorded price, with a median gain of 21 percent over a median hold of 4.2 years. The 5 sales since 2023 carry a median of $623 per square foot, against a record that opens in 2001 and spans several market cycles.
Recorded sales history
Recorded transfers for this building in Miami-Dade County public records, back to Dec 2001. 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 |
|---|---|---|---|---|
| Mar 2025 | 4 | 803 sf | $500,000 | ✓ |
| Oct 2023 | 12 | 803 sf | $500,000 | ✓ |
| Apr 2023 | 10 | 803 sf | $525,000 | ✓ |
| Feb 2023 | 3 | 803 sf | $486,000 | ✓ |
| Jan 2023 | 4 | 803 sf | $425,000 | ✓ |
| Dec 2022 | 3 | 803 sf | $72,200 | |
| Aug 2022 | 7 | 803 sf | $420,000 | ✓ |
| Feb 2022 | 8 | 803 sf | $410,000 | ✓ |
| Oct 2020 | 12 | 803 sf | $305,000 | ✓ |
| Sep 2020 | 2 | 803 sf | $295,000 | ✓ |
| Jun 2019 | 7 | 803 sf | $310,000 | ✓ |
| May 2019 | 1 | 803 sf | $250,000 | |
| Feb 2019 | 1 | 803 sf | $250,000 | ✓ |
| Mar 2014 | 4 | 803 sf | $385,000 | ✓ |
| Mar 2011 | 3 | 803 sf | $14,600 | |
| Jan 2011 | 7 | 803 sf | $320,000 | ✓ |
| Sep 2010 | 2 | 803 sf | $290,000 | ✓ |
| Jun 2010 | 8 | 803 sf | $299,250 | ✓ |
| May 2010 | 9 | 803 sf | $295,000 | ✓ |
| Jun 2008 | 12 | 803 sf | $352,500 | ✓ |
| May 2008 | 8 | 803 sf | $345,000 | |
| Mar 2007 | 10 | 803 sf | $405,000 | ✓ |
| Dec 2005 | 1 | 803 sf | $455,000 | ✓ |
| Oct 2004 | 7 | 803 sf | $347,500 | ✓ |
| Apr 2004 | 11 | 803 sf | $310,200 | ✓ |
| Apr 2004 | 3 | 803 sf | $330,000 | ✓ |
| Mar 2004 | 8 | 803 sf | $310,000 | ✓ |
| Dec 2003 | 12 | 803 sf | $308,000 | ✓ |
| Aug 2003 | 5 | 803 sf | $287,000 | ✓ |
| Jun 2003 | 3 | 803 sf | $308,000 | ✓ |
| May 2003 | 10 | 803 sf | $276,000 | ✓ |
| Sep 2002 | 11 | 803 sf | $300,000 | ✓ |
| Aug 2002 | 9 | 803 sf | $276,000 | ✓ |
| Jul 2002 | 2 | 803 sf | $273,000 | ✓ |
| Jun 2002 | 1 | 803 sf | $275,000 | ✓ |
| Apr 2002 | 2 | 803 sf | $230,000 | ✓ |
| Feb 2002 | 12 | 803 sf | $227,000 | ✓ |
| Feb 2002 | 10 | 803 sf | $217,000 | ✓ |
| Feb 2002 | 4 | 803 sf | $220,000 | ✓ |
| Feb 2002 | 3 | 803 sf | $225,000 | ✓ |
| Jan 2002 | 5 | 803 sf | $231,500 | ✓ |
| Dec 2001 | 8 | 803 sf | $200,000 | ✓ |
| Dec 2001 | 7 | 803 sf | $215,000 | ✓ |
| Dec 2001 | 6 | 803 sf | $215,000 | ✓ |
✓ = qualified arms-length per the Miami-Dade Property Appraiser. 8 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.