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The Roebling Index · Miami
Published by The Roebling Team at Compass · Licensed Real Estate Broker
Miami·South of Fifth·Condominium

The Ambassadors

227 Michigan Avenue, Miami Beach, FL 33139

South of Fifth

Folio 0242032390001

At a glance
Year built
2000
Residences
28
Building area
25,500 sq ft
Median residence
955 sq ft
FEMA flood zone
Zone AE · BFE 8 ft
Latest arms-length sale
$750,000 · Nov 2025
Median sale (10 yr)
$550,000
Recorded transfers
114

The Ambassadors is a 28-residence condominium building at 227 Michigan Avenue, in South Beach, completed in 2000. It has a median residence of 955 square feet.

The recorded market runs to 94 arms-length sales since 2000, an annual turnover rate of 5.7 percent of the building over the past decade, and a median of $318 per square foot. Across 66 same-unit resales, 95 percent sold above their prior recorded price, with a median gain of 38 percent over a median hold of 4.2 years. The 6 sales since 2023 carry a median of $677 per square foot, against a record that opens in 2000 and spans several market cycles.

Recorded sales history

Recorded transfers for this building in Miami-Dade County public records, back to May 2000. 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
Nov 20253041,130 sf$750,000✓
Nov 2024102620 sf$440,000✓
Nov 2024101710 sf$440,000
Jul 2024103740 sf$422,500✓
Apr 2024305750 sf$625,000✓
Aug 20233021,020 sf$705,000✓
May 20232021,020 sf$600,000✓
Aug 2022201970 sf$700,000✓
Jun 20222031,030 sf$650,000✓
Apr 20224061,020 sf$675,000✓
Mar 2022401980 sf$635,000✓
Feb 2022307690 sf$400,000✓
Jan 2020305750 sf$445,000✓
Apr 2019102620 sf$370,000✓
May 2018301970 sf$560,000✓
Mar 2018101710 sf$330,000✓
Nov 2016404940 sf$540,000✓
Jun 20162041,130 sf$585,000✓
Apr 20162021,020 sf$540,000✓
Mar 2016103740 sf$435,000✓
Jan 2016502700 sf$395,000✓
Oct 2015402700 sf$400,000✓
Aug 2015307690 sf$362,500✓
Jul 20142061,250 sf$610,000✓
Feb 20113021,020 sf$320,101
Feb 2011101710 sf$243,500✓
Mar 2010405940 sf$330,000✓
Jun 20092041,130 sf$370,000✓
Jan 2009502700 sf$310,000✓
Oct 20083031,030 sf$350,000✓
Sep 2008201970 sf$410,000✓
Jun 2008306660 sf$275,000✓
Feb 2008301970 sf$435,000✓
Dec 2007505940 sf$445,442✓
Dec 2006103740 sf$358,000✓
Nov 20063031,030 sf$550,000✓
Oct 2006104770 sf$390,000✓
Mar 2006102620 sf$365,000✓
Oct 2005502700 sf$425,000✓
Sep 2005504940 sf$480,000✓
Aug 20052031,030 sf$490,000✓
Oct 20042051,000 sf$314,600✓
Oct 2004502700 sf$310,000✓
Aug 20042061,250 sf$395,000✓
Aug 20042031,030 sf$300,000✓
Jun 2004305750 sf$285,000✓
May 2004404940 sf$300,000✓
Apr 2004103740 sf$239,000✓
Dec 2003301970 sf$270,000✓
Aug 20033031,030 sf$290,000✓
Jun 2003405940 sf$272,500✓
May 20033041,130 sf$240,000✓
May 20032031,030 sf$230,000
Dec 20022021,020 sf$306,500✓
Dec 2002102620 sf$225,000✓
Oct 2002306660 sf$215,000✓
Jul 20025061,020 sf$266,000✓
Apr 2002505940 sf$290,000✓
Apr 2002403850 sf$272,000✓
Apr 2002201970 sf$290,000✓
Dec 20012041,130 sf$270,000✓
Nov 2001305750 sf$215,000✓
Jul 2001502700 sf$210,000✓
Jul 2001102620 sf$159,000✓
May 2001401980 sf$285,000✓
May 2001104770 sf$205,000✓
Mar 2001501980 sf$320,000✓
Dec 2000305750 sf$209,000✓
Nov 2000307690 sf$175,000✓
Oct 20002061,250 sf$260,000✓
Oct 2000502700 sf$194,900✓
Oct 20003021,020 sf$225,000✓
Sep 2000504940 sf$205,000✓
Jul 20005061,020 sf$261,000✓
Jul 20002061,250 sf$200,000✓
Jul 2000505940 sf$247,000✓
Jul 2000405940 sf$250,000✓
Jul 2000404940 sf$205,000✓
Jul 2000403850 sf$208,900✓
Jul 20003031,030 sf$201,500✓
Jul 2000401980 sf$218,900✓
Jul 2000201970 sf$194,900✓
Jun 20004061,020 sf$245,000✓
Jun 2000306660 sf$169,900✓
Jun 20002051,000 sf$249,900✓
Jun 20003041,130 sf$225,000✓
Jun 20002031,030 sf$215,000✓
Jun 2000402700 sf$180,000✓
Jun 2000301970 sf$239,000✓
Jun 2000104770 sf$160,000✓
Jun 2000103740 sf$175,000✓
Jun 2000101710 sf$150,000✓
May 2000307690 sf$142,000✓
May 20002041,130 sf$191,500✓
May 20002021,020 sf$210,000✓
May 2000501980 sf$247,000✓
May 2000102620 sf$113,000✓

✓ = qualified arms-length per the Miami-Dade Property Appraiser. 17 nominal-consideration paper transfers omitted.

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Corey Cohen, Principal · 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, solicitation, or valuation.