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The Roebling Index · Miami
Published by The Roebling Team at Compass · Corey Cohen, NY Licensed Associate Real Estate Broker
Miami·South of Fifth·Condominium

Absolut

245 Michigan Avenue Lg-1, Miami Beach, FL 33139

South of Fifth

Folio 0242032800001

At a glance
Year built
2004
Residences
19
Building area
28,759 sq ft
Median residence
1,469 sq ft
FEMA flood zone
Zone AE · BFE 8 ft
Latest arms-length sale
$1,469,400 · Dec 2025
Median sale (10 yr)
$825,000
Recorded transfers
85
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Absolut is a 19-residence boutique condominium building at 245 Michigan Avenue Lg-1, in South Beach. County records list 2004 as the year built. It has a median residence of 1,469 square feet.

The recorded market runs to 63 arms-length sales since 2004, an annual turnover rate of 10 percent of the building over the past decade, and a median of $393 per square foot. Across 44 same-unit resales, 75 percent sold above their prior recorded price, with a median gain of 16 percent over a median hold of 4.6 years. The 5 sales since 2023 carry a median of $851 per square foot, against a record that opens in 2004 and spans several market cycles.

Selling, buying or moving?

Own a residence at Absolut? See what it would sell for.

Choose what fits: a property-specific pricing review informed by local transaction records and market research, a conversation about buying in this market, or help planning a move between markets. Local representation is coordinated where appropriate.

Prefer to speak directly? Schedule a consultation →
Corey Cohen, Licensed Associate Real Estate Broker · The Roebling Team at Compass
646.939.7375 · c.cohen@compass.com

At a glance

Common name: Absolut, also known as Absolut Lofts

Condominium: The condominium is named Absolut Condominium.

Building type: Small mid-rise condominium with an elevator

Floors: 5

Residences: 20, per the state condominium registration. The county record counts 19 units.

Unit sizes: About 1,500 square feet

Amenities: Heated pool and spa, covered garage with assigned parking, elevator

In-unit: Washers and dryers and walk-in closets

Setting: Interior block, not on the water

Source: The Roebling Research Desk.

Why Absolut matters

Absolut is a loft-style building of 20 residences in South of Fifth, built in 2004. It has an elevator, a heated pool and covered assigned parking.

South of Fifth

South of Fifth, known locally as SoFi, is the southern tip of Miami Beach, south of 5th Street. It ends at Government Cut, the ship channel between Miami Beach and Fisher Island. South Pointe Park, a roughly 17-acre waterfront park with a pier, sits at the tip. Ocean Drive runs north through the neighborhood, and its Art Deco hotel stretch begins just past Fifth Street.

Michigan Avenue is a residential side street between Alton Road and the ocean, a short walk from both the beach and Alton Road's grocery and dining stretch. Absolut is not oceanfront.

Restaurants and shops turn over and are not listed here.

Architecture and unit composition

Absolut has 20 residences over five floors. The building has a single elevator, a heated pool and spa, and a covered garage with assigned parking.

Residences run about 1,500 square feet, with in-unit washers and dryers and walk-in closets.

Building operations

Confirm the service model, what the monthly charges cover, and whether any amenity is limited.

Florida's milestone inspection and structural integrity reserve study rules apply to condominium buildings of three or more stories; ask for the inspection report, the reserve study and any assessment history. Also ask for the current budget and recent financial statements. The building is in flood zone AE, so ask about the flood insurance carrier, the master policy deductible and any storm-related assessments.

Policy framework

Policies, fees and applications, including pets, leasing, minimum lease terms and any resale approval, are set by the association and should be confirmed at offer stage. Miami Beach short-term rental rules vary by zoning district, so confirm both the declaration and the city's rules before underwriting a rental.

Sales context

One recorded sale, December 2025, at $1,469,400. It is one sale, not a building price. Pricing varies by size, floor and renovation.

Unit-level transaction history is maintained in The Roebling Research Library and shared with clients during diligence.

What to know if you're buying at Absolut

Use the larger floor plans as your benchmark. Compare on plan size; price per square foot against smaller South of Fifth condos can mislead.

Read the reserve documents. With 20 residences, any special assessment is shared among few owners. Request the SIRS, reserve balance and any pending projects.

Confirm the rules you plan to use. Leasing and pet rules decide whether the unit works as a second home or an investment.

What to know if you're selling at Absolut

Price against your plan and floor. Use recent sales in similar-sized units in nearby South of Fifth buildings, adjusted for floor plan.

Have the documents ready. Budget, financials, SIRS and milestone status shorten diligence.

Comparable buildings

  • Beach Colony — a 1995 condominium of about 16 residences at 208 Jefferson Avenue in South of Fifth.
  • Ocean Place — a 2004 Arquitectonica-designed condominium at 225 Collins Avenue.
  • Murano at Portofino — a larger South Pointe tower with a full amenity deck, a different scale from Absolut.

The neighborhood

For the full neighborhood — its buildings and recorded pricing — read The Roebling Index guide to South of Fifth.

Run the numbers

Related guides

Recorded sales history

Recorded transfers for this building in Miami-Dade County public records, back to Sep 2004. 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.

DateResidenceSizePriceArms-length
Dec 2025LG-21,445 sf$1,469,400✓
May 2025LP-81,444 sf$1,050,000✓
Apr 2024LP-91,444 sf$1,379,000✓
Mar 2024LG-21,445 sf$1,150,000✓
Jul 2023LG-51,798 sf$1,530,000✓
Nov 2022LP-51,798 sf$1,575,000✓
Jun 2022LP-91,444 sf$1,300,000✓
Dec 2021LG-101,488 sf$772,500✓
Sep 2021LP-101,488 sf$825,000✓
Aug 2021LG-31,445 sf$775,000✓
Jul 2021LG-61,741 sf$850,000✓
Apr 2021LP-41,488 sf$765,000✓
Apr 2021LG-41,488 sf$710,000✓
Mar 2021LG-11,488 sf$636,000✓
Dec 2020LP-31,445 sf$575,000✓
Mar 2020LG-91,444 sf$550,000✓
Nov 2019LP-91,444 sf$550,000✓
May 2019LP-51,798 sf$1,030,000✓
Mar 2018LG-71,469 sf$680,000✓
Jul 2015LG-71,469 sf$730,000✓
Dec 2014LP-41,488 sf$745,000✓
Sep 2014LG-11,488 sf$730,000✓
Aug 2014LP-51,798 sf$940,000✓
Mar 2014LG-91,444 sf$720,000✓
Jun 2013LG-61,741 sf$750,000✓
Apr 2013LP-51,798 sf$785,000✓
Dec 2012LP-11,488 sf$545,000✓
Apr 2012LG-91,444 sf$525,000✓
Jun 2011LG-41,488 sf$500,000✓
Apr 2011LP-21,445 sf$481,000✓
Nov 2010LG-31,445 sf$490,000✓
Oct 2009LG-31,445 sf$391,100
Sep 2009LP-71,469 sf$530,000✓
Jul 2009LG-71,469 sf$539,000✓
Sep 2008LP-31,445 sf$470,000✓
Aug 2008LP-11,488 sf$540,000✓
Apr 2008LG-91,444 sf$555,000✓
Apr 2008LG-21,445 sf$580,000✓
Feb 2008LG-71,469 sf$502,000✓
Nov 2006LG-31,445 sf$769,000✓
Apr 2006LP-41,488 sf$780,000✓
Dec 2005LG-11,488 sf$695,000✓
May 2005LP-21,445 sf$680,000✓
Feb 2005LG-91,444 sf$450,000✓
Jan 2005LP-11,488 sf$610,000✓
Dec 2004LG-41,488 sf$585,000✓
Nov 2004LG-31,445 sf$430,000✓
Oct 2004LP-101,488 sf$510,000✓
Oct 2004LG-91,444 sf$450,000✓
Oct 2004LG-81,444 sf$420,000✓
Oct 2004LP-71,469 sf$470,000✓
Oct 2004LG-71,469 sf$420,000✓
Oct 2004LG-51,798 sf$600,000✓
Oct 2004LG-11,488 sf$440,000✓
Sep 2004LG-101,488 sf$455,000✓
Sep 2004LP-91,444 sf$480,000✓
Sep 2004LP-81,444 sf$465,000✓
Sep 2004LG-61,741 sf$580,000✓
Sep 2004LP-51,798 sf$670,000✓
Sep 2004LP-41,488 sf$550,000✓
Sep 2004LP-31,445 sf$590,000✓
Sep 2004LP-21,445 sf$450,000✓
Sep 2004LG-21,445 sf$545,000✓
Sep 2004LP-11,488 sf$570,000✓

✓ = qualified arms-length per the Miami-Dade Property Appraiser. 21 nominal-consideration paper transfers omitted.

This page reflects publicly available information compiled by The Roebling Research Desk. Specific building details should be confirmed with the association during due diligence; the recorded Declaration of Condominium, the current building budget, the current tax bill, the structural integrity reserve study and milestone-inspection status should be reviewed for any specific transaction. © 2026 The Roebling Team at Compass.

Considering a move at Absolut?

Request a private building brief with the relevant recorded sales, current and off-market availability, and an apartment-specific view of value.

Prefer to speak directly? Schedule a consultation →
Corey Cohen, Licensed Associate Real Estate Broker · The Roebling Team at Compass
646.939.7375 · c.cohen@compass.com

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 or solicitation. Apartment estimates are automated, from public records, and are not appraisals.

A note on representation

The Roebling Team at Compass is led by Corey Cohen, a New York licensed associate real estate broker. For a purchase or sale in Miami, we introduce you to a licensed Compass agent there by referral and handle the New York side of your move ourselves. This page and its calculators are research, not an offer of representation.

To plan a move between Manhattan and Miami, schedule a consultation; where appropriate we’ll introduce you to a vetted Compass agent in the local market.