Magnolia
1005 8 Street, Miami Beach, FL 33139
South Beach
Folio 0242032180001
- Year built
- 1997
- Residences
- 13
- Building area
- 14,650 sq ft
- Median residence
- 1,110 sq ft
- FEMA flood zone
- Zone AE · BFE 8 ft
- Latest arms-length sale
- $780,000 · Feb 2026
- Median sale (10 yr)
- $565,000
- Recorded transfers
- 59
Magnolia is a 13-residence boutique condominium building at 1005 8 Street, in South Beach. County records list 1997 as the year built. It has a median residence of 1,110 square feet.
The recorded market runs to 46 arms-length sales since 1997, an annual turnover rate of 6.2 percent of the building over the past decade, and a median of $275 per square foot. Across 33 same-unit resales, 88 percent sold above their prior recorded price, with a median gain of 43 percent over a median hold of 5.9 years.
Own a residence at Magnolia? 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.
646.939.7375 · c.cohen@compass.com
At a glance
Legal name: The condominium is named Magnolia Condominium.
Building type: Boutique condominium, 13 units, with an elevator and covered parking
Unit sizes: About 1,060 to 1,300 square feet in recent resales
Source: The Roebling Research Desk.
Why Magnolia matters
Magnolia is a 13-unit condominium built in 1997 at 1005 8th Street, in the Flamingo Park area of South Beach.
It has 13 units in an elevator building, a few blocks from Flamingo Park and Lincoln Road. The building is in flood zone AE; get an insurance quote and the elevation certificate before an offer.
South Beach setting
South Beach covers the southern end of Miami Beach, from South Pointe to roughly 23rd Street. 8th Street is south of Lincoln Road, in the residential grid inland from the beach. Flamingo Park, a large public park with athletic fields, is a few blocks away, and Lincoln Road's pedestrian mall and the beach are within walking distance.
Architecture and unit composition
Magnolia was completed in 1997 and holds 13 units. It has an elevator, covered parking and terraces or balconies in some units. Check the entrance and parking access on site.
Recent resales fall between about 1,060 and 1,300 square feet.
Building operations
Check parking access on site.
Florida's milestone inspection and structural integrity reserve study rules apply to condominium buildings of three or more stories; ask whether the building falls under the rules. Ask for the inspection status in writing. Also ask for the current budget and recent financial statements, reserve levels, insurance coverage and recent or pending special assessments.
Flood zone AE is a special flood hazard area; lenders may require flood insurance on financed purchases. Get a quote before offer.
Policy framework
Pet, rental and minimum-lease rules are set by the association; confirm at offer stage. Miami Beach also regulates short-term rentals by zoning district; get leasing terms in writing.
Sales context
A sale in February 2026 closed at $780,000. It is one sale, not a building price.
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 Magnolia
Get insurance quotes before offer. Flood zone AE puts the condominium master policy and your own flood and contents coverage into the carrying cost.
Get the milestone and reserve position. Request the reserve study, milestone inspection report, budget and financial statements.
Get the leasing rules. If rental income matters, get the association's leasing terms and the city's short-term rental rules in writing.
What to know if you're selling at Magnolia
Price against comparable South Beach units, not the building. With few internal sales, use recent closings in similar-size boutique buildings nearby and adjust for parking, outdoor space and condition.
Prepare documents in advance. Budget, financials, reserve study and inspection report shorten diligence.
Comparable buildings
- Flamingo South Beach — a larger South Beach condominium on the bay side of the neighborhood.
- Bentley Bay — a South Beach condominium tower for a contrast in scale.
- Other 1990s boutique condominiums in the Flamingo Park area — the closest like-for-like set, to be selected by address.
The neighborhood
For the full neighborhood — its buildings and recorded pricing — read The Roebling Index guide to South Beach.
Run the numbers
- Miami buyer closing cost calculator — documentary stamps on the mortgage, intangible tax, title insurance and the condo estoppel.
- Miami seller closing cost calculator — the deed documentary stamp tax, title, closing and association transfer fees.
Related guides
- Post-Surfside Miami condo diligence — milestone inspections, structural integrity reserve studies and special assessments.
- Florida Save Our Homes, explained — the assessment cap, the homestead exemption and portability.
Recorded sales history
Recorded transfers for this building in Miami-Dade County public records, back to Oct 1997. 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 |
|---|---|---|---|---|
| Feb 2026 | 204 | 1,300 sf | $780,000 | ✓ |
| Jan 2023 | 307 | 1,250 sf | $739,000 | ✓ |
| Dec 2022 | 202 | 1,060 sf | $310,000 | |
| Apr 2022 | PH-2 | 1,060 sf | $735,000 | ✓ |
| Mar 2022 | 206 | 1,110 sf | $651,000 | ✓ |
| Mar 2021 | PH-4 | 1,060 sf | $505,000 | ✓ |
| Feb 2021 | 408 | 1,110 sf | $460,000 | ✓ |
| Feb 2021 | 204 | 1,300 sf | $550,000 | ✓ |
| May 2020 | 203 | 1,300 sf | $550,000 | ✓ |
| Jun 2016 | PH-2 | 1,060 sf | $565,000 | ✓ |
| Nov 2015 | 206 | 1,110 sf | $500,000 | ✓ |
| Mar 2015 | 204 | 1,300 sf | $565,000 | ✓ |
| Dec 2014 | 202 | 1,060 sf | $445,000 | ✓ |
| Nov 2014 | 413 | 1,110 sf | $600,000 | ✓ |
| Sep 2012 | 307 | 1,250 sf | $412,000 | ✓ |
| Dec 2010 | 203 | 1,300 sf | $277,800 | ✓ |
| Feb 2010 | 413 | 1,110 sf | $300,000 | ✓ |
| Jan 2010 | 203 | 1,300 sf | $350,000 | ✓ |
| Nov 2008 | 201 | 1,110 sf | $310,000 | ✓ |
| Jan 2007 | 205 | 1,060 sf | $400,000 | ✓ |
| Aug 2005 | PH-3 | 1,060 sf | $485,000 | ✓ |
| Jul 2005 | 307 | 1,250 sf | $459,000 | ✓ |
| May 2005 | 413 | 1,110 sf | $420,000 | ✓ |
| Apr 2005 | 204 | 1,300 sf | $450,000 | ✓ |
| Mar 2005 | PH-2 | 1,060 sf | $445,000 | ✓ |
| Apr 2004 | PH-3 | 1,060 sf | $340,000 | ✓ |
| Jul 2003 | PH-1 | 1,060 sf | $325,000 | ✓ |
| Jan 2003 | 203 | 1,300 sf | $310,000 | ✓ |
| Nov 2002 | 408 | 1,110 sf | $265,000 | ✓ |
| Apr 2002 | PH-4 | 1,060 sf | $190,000 | |
| Dec 2001 | 202 | 1,060 sf | $260,000 | ✓ |
| Aug 2001 | 307 | 1,250 sf | $250,000 | ✓ |
| Mar 2000 | 204 | 1,300 sf | $253,000 | ✓ |
| Oct 1999 | 203 | 1,300 sf | $200,000 | ✓ |
| Jul 1999 | PH-1 | 1,060 sf | $247,500 | ✓ |
| Aug 1998 | 307 | 1,250 sf | $187,000 | ✓ |
| Aug 1998 | 201 | 1,110 sf | $175,700 | ✓ |
| May 1998 | 204 | 1,300 sf | $199,000 | ✓ |
| Apr 1998 | 202 | 1,060 sf | $158,000 | ✓ |
| Mar 1998 | 206 | 1,110 sf | $179,000 | ✓ |
| Mar 1998 | 203 | 1,300 sf | $195,000 | ✓ |
| Feb 1998 | 413 | 1,110 sf | $185,000 | ✓ |
| Feb 1998 | PH-3 | 1,060 sf | $199,000 | ✓ |
| Feb 1998 | PH-2 | 1,060 sf | $218,000 | ✓ |
| Feb 1998 | 408 | 1,110 sf | $195,000 | ✓ |
| Oct 1997 | PH-4 | 1,060 sf | $229,000 | ✓ |
| Oct 1997 | PH-1 | 1,060 sf | $220,000 | ✓ |
| Oct 1997 | 205 | 1,060 sf | $153,000 | ✓ |
✓ = qualified arms-length per the Miami-Dade Property Appraiser. 11 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 Magnolia?
Request a private building brief with the relevant recorded sales, current and off-market availability, and an apartment-specific view of value.
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.
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.