2/2 Corner Unit w/ Balcony. 200k + in Renovations – July 2018 - New Impact Windows - New Bathrooms with Marble & Walk in Showers - New Kitchen with Granite & Custom Cabinets – LG Appliances – Full Sized LG Washer & Dryer - New Copper Plumbing - New Fire Sprinkler System (Unit exempt from future work and assessment) - New AC Handler & Compressor - New Porcelain Flooring - Enlarged Master Closet – New Built-In Furniture in LR and Master - New Walnut Doors - New Window Treatments – Hard wires AV & Audio System - LR Wall has extra Soundproofing – Pocket door closes to create 2nd Master- Great Views to the East from Guest Room & Baths -3 Parking Spaces (1 Tandem & 1 Add Space) – Furn Negotiable -Low maintenance –52 Units in Bldg - Near Lincoln Rd, transit and all that Miami Beach has to offer!
CondoProperty Type
1999Year Built
$613Est. Price/Sq.Ft.
3 car garageParking
Listed by Barbara Paniagua• BHHS EWM Realty
•305-609-1496 (agent)
•bspaniagua@gmail.com (agent)
•305-674-4000 (broker)
•basick.c@ewm.com (broker)
Bought with Salesperson Non Member• Non-MLS Member
Source:MARMLS #A10878139
Redfin Estimate
$607,039
$187K since sold in March 2021$28K since August
Recently sold homes
Estimate history
Homes for sale
This home's estimate is 13% lower than the average sale price ($698K) of 6 comparable homes.
2/2 Corner Unit w/ Balcony. 200k + in Renovations – July 2018 - New Impact Windows - New Bathrooms with Marble & Walk in Showers - New Kitchen with Granite & Custom Cabinets – LG Appliances – Full Sized LG Washer & Dryer - New Copper Plumbing - New Fire Sprinkler System (Unit exempt from future work and assessment) - New AC Handler & Compressor - New Porcelain Flooring - Enlarged Master Closet – New Built-In Furniture in LR and Master - New Walnut Doors - New Window Treatments – Hard wires AV & Audio System - LR Wall has extra Soundproofing – Pocket door closes to create 2nd Master- Great Views to the East from Guest Room & Baths -3 Parking Spaces (1 Tandem & 1 Add Space) – Furn Negotiable -Low maintenance –52 Units in Bldg - Near Lincoln Rd, transit and all that Miami Beach has to offer!
Year
Property tax
Land + Additions
Assessment*
2025
$5,815 (+3.0%)
2024
$5,646 (+2.8%)
2023
$5,491 (+4.1%)
2022
$5,277 (+0.6%)
2021
$5,247 (+166.1%)
2020
$1,972 (+3.1%)
$312,681
2019
$1,912 (+6.1%)
2018
$1,801 (+1.5%)
2017
$1,774 (+0.8%)
2016
$1,760 (−1.2%)
2015
$1,781 (−1.5%)
2014
$1,809 (+2.1%)
2013
$1,773 (+1.9%)
2012
$1,740 (+3.5%)
2011
$1,681
Tax history for 1401 Bay Rd #501
Year
Property tax
Land + Additions
Assessment*
2025
$5,815 (+3.0%)
2024
$5,646 (+2.8%)
2023
$5,491 (+4.1%)
2022
$5,277 (+0.6%)
2021
$5,247 (+166.1%)
2020
$1,972 (+3.1%)
$312,681
2019
$1,912 (+6.1%)
2018
$1,801 (+1.5%)
2017
$1,774 (+0.8%)
2016
$1,760 (−1.2%)
2015
$1,781 (−1.5%)
2014
$1,809 (+2.1%)
2013
$1,773 (+1.9%)
2012
$1,740 (+3.5%)
2011
$1,681
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Zoning
RM-1
Residential Multifamily, Low Density District
The RM-1 residential multifamily, low density district is designed for low intensity, low rise, single-family and multiple-family residences.
Permitted uses
Include but are not limited to:
Housing-Single unit
Housing-Multiple units
Property details
Exterior
Property Information
Subdivision Name: THE SAILS CONDO
Living Sq. Ft: 990
Adjusted Gross Sq. Ft: 990
Building Sq. Ft: 990
# of Units: 1
Legal Description: THE SAILS CONDO UNIT 501 UNDIV 1/52 INT IN COMMON ELEMENTS OFF REC 18823-0761 OR 19361-2157 1100 1
Lot Information
# of Buildings: 1
Legal Lot Number: 2
Legal Block Number: 79C
Municipality Name: MIAMI BEACH
Zoning Code: 3900
County Use Description: RES - TOT VAL : CONDO - RES
State Use Description: CONDOMINIUM
Financial
Assessor Information
Assessment Year: 2025
Public facts
Beds: 2
Baths: 2.0
Sq. Ft.: 990
Stories: —
Lot Size: —
Style: Condo/Co-op
Year Built: 1999
Year Renovated: 1999
County: Miami-Dade County
APN: 0232330660040
Home facts updated by county records on Jul 2, 2026