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

The Sails

1401 Bay Road, Miami Beach, FL 33139

South Beach

Folio 0232330660001

At a glance
Year built
1999
Residences
52
Building area
51,880 sq ft
Median residence
990 sq ft
FEMA flood zone
Zone AE · BFE 8 ft
Latest arms-length sale
$750,000 · May 2025
Median sale (10 yr)
$437,000
Recorded transfers
182

The Sails is a 52-residence condominium building at 1401 Bay Road, in South Beach, completed in 1999. It has a median residence of 990 square feet.

The recorded market runs to 137 arms-length sales since 2000, an annual turnover rate of 5.6 percent of the building over the past decade, and a median of $264 per square foot. Across 84 same-unit resales, 89 percent sold above their prior recorded price, with a median gain of 65 percent over a median hold of 4.9 years. The 7 sales since 2023 carry a median of $606 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 Oct 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
May 20255061,040 sf$750,000✓
Jan 2025410990 sf$530,000✓
Nov 2024213990 sf$499,000✓
Jul 20234111,040 sf$630,000✓
Jun 2023313990 sf$600,000✓
May 2023510990 sf$627,000✓
Apr 2023207990 sf$610,000✓
Sep 2022403990 sf$485,000✓
Jun 2022208990 sf$485,000✓
Jun 20225061,040 sf$620,000✓
May 2022507990 sf$600,000✓
Apr 2022209990 sf$525,000✓
Feb 2022509990 sf$507,500✓
Jan 2022509990 sf$306,200
Dec 2021413990 sf$437,000✓
Sep 2021401990 sf$422,000✓
Sep 2021304990 sf$425,000✓
Mar 2021303990 sf$400,000✓
Dec 2020204990 sf$374,500✓
Sep 2020501990 sf$420,000
Aug 2020210990 sf$415,000✓
Jun 2020413990 sf$118,000
Feb 2020208990 sf$374,000✓
Dec 2019202990 sf$329,000✓
May 2019313990 sf$430,000✓
Dec 2018210990 sf$305,000✓
Apr 2018407990 sf$438,000✓
Feb 20184061,040 sf$435,000✓
Sep 2017303990 sf$385,000✓
Jun 2017412990 sf$415,000✓
Jan 2017313990 sf$105,000
Dec 2016510990 sf$432,500✓
Nov 2016505990 sf$375,000✓
Sep 20163061,040 sf$176,700
Dec 2015309990 sf$375,000✓
Oct 2015313990 sf$377,500✓
Jun 2015513990 sf$405,000✓
May 2015205990 sf$370,000✓
Mar 2015504990 sf$370,000✓
Nov 20144111,040 sf$370,000✓
Nov 2014202990 sf$375,000✓
Aug 2014401990 sf$422,500✓
May 20143111,040 sf$440,000✓
Apr 2014202990 sf$310,700
Apr 2013201990 sf$12,500
Oct 2012509990 sf$41,900
Aug 2012310990 sf$265,000✓
Aug 2012407990 sf$300,000✓
Jan 2012309990 sf$256,000✓
Oct 2011302990 sf$245,200
Jul 2011309990 sf$175,800
Feb 2011303990 sf$265,000✓
Oct 2010203990 sf$261,000✓
Jul 2010409990 sf$250,000✓
May 20103061,040 sf$268,000✓
May 2010302990 sf$176,300
Dec 2009403990 sf$245,000✓
Nov 2009412990 sf$250,000✓
Nov 2008512990 sf$340,000✓
Apr 20074061,040 sf$415,000✓
Apr 2006502990 sf$405,000✓
Mar 20065061,040 sf$449,000✓
Jan 20064111,040 sf$428,500✓
Aug 2005302990 sf$383,500✓
Aug 2005401990 sf$420,000✓
Jul 2005313990 sf$360,000✓
Jun 20054061,040 sf$430,000✓
May 20054111,040 sf$325,000✓
Apr 2005207990 sf$336,250✓
Feb 2005313990 sf$295,000✓
Jan 2005210990 sf$301,000✓
Dec 2004413990 sf$297,000✓
Sep 2004205990 sf$289,900✓
Jul 2004409990 sf$280,000✓
Jun 2004513990 sf$262,410✓
Jun 2004312990 sf$253,500✓
Jun 2004305990 sf$204,000✓
Jun 2004305990 sf$276,000✓
Jun 2004401990 sf$262,000✓
Apr 20043111,040 sf$278,000✓
Mar 20042061,040 sf$287,000✓
Jan 2004502990 sf$246,000✓
Oct 2003407990 sf$315,000✓
Oct 20034061,040 sf$285,000✓
Aug 2003512990 sf$246,000✓
May 2003503990 sf$275,000✓
Apr 2003403990 sf$253,500✓
Feb 2003412990 sf$250,000✓
Nov 2002513990 sf$207,500✓
Nov 2002310990 sf$215,000✓
Oct 20025111,040 sf$288,000
Jul 20025111,040 sf$288,000✓
May 20023061,040 sf$275,000✓
Feb 2002407990 sf$273,000✓
May 2001204990 sf$190,000✓
Apr 2001303990 sf$148,500✓
Feb 2001309990 sf$192,000✓
Dec 2000413990 sf$115,900✓
Dec 2000213990 sf$118,800✓
Dec 2000412990 sf$118,800✓
Dec 20005111,040 sf$162,500✓
Dec 20004111,040 sf$157,500✓
Dec 20003111,040 sf$152,500✓
Dec 2000209990 sf$115,900✓
Dec 2000407990 sf$150,000✓
Dec 2000307990 sf$145,000✓
Dec 2000304990 sf$115,900✓
Dec 2000503990 sf$115,900✓
Nov 2000513990 sf$115,900✓
Nov 2000313990 sf$118,800✓
Nov 2000512990 sf$115,900✓
Nov 2000312990 sf$118,800✓
Nov 2000212990 sf$118,800✓
Nov 20002111,040 sf$118,800✓
Nov 2000310990 sf$118,800✓
Nov 2000210990 sf$118,800✓
Nov 2000409990 sf$148,000✓
Nov 2000308990 sf$143,000✓
Nov 2000208990 sf$115,900✓
Nov 2000207990 sf$115,900✓
Nov 20002061,040 sf$115,900✓
Nov 2000505990 sf$115,900✓
Nov 2000405990 sf$115,900✓
Nov 2000305990 sf$115,900✓
Nov 2000205990 sf$115,900✓
Nov 2000504990 sf$115,900✓
Nov 2000404990 sf$115,900✓
Nov 2000204990 sf$115,900✓
Nov 2000403990 sf$115,900✓
Nov 2000303990 sf$115,900✓
Nov 2000203990 sf$115,900✓
Nov 2000502990 sf$118,800✓
Nov 2000402990 sf$118,800✓
Nov 2000302990 sf$115,900✓
Nov 2000202990 sf$118,800✓
Nov 2000501990 sf$115,900✓
Nov 2000401990 sf$115,900✓
Nov 2000301990 sf$115,900✓
Nov 2000201990 sf$115,900✓
Oct 2000510990 sf$163,000✓
Oct 2000410990 sf$150,000✓
Oct 2000509990 sf$137,500✓
Oct 2000309990 sf$144,000✓
Oct 2000508990 sf$137,500✓
Oct 2000408990 sf$148,000✓
Oct 2000507990 sf$137,500✓
Oct 20005061,040 sf$165,000✓
Oct 20004061,040 sf$174,300✓
Oct 20003061,040 sf$153,000✓

✓ = qualified arms-length per the Miami-Dade Property Appraiser. 33 nominal-consideration paper transfers omitted.

Considering a move at The Sails?

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

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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.