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Active Mixed Use
$3,900,000
233 1st St, Miami Beach FL 33139, Miami Beach, FL 33139
0 Beds
Bedrooms
0 Baths
Bathrooms
— sqft
Living Area
1924
Year Built

About This Property

Rare redevelopment opportunity in the heart of South of Fifth. Located at 233 1st Street, this property is positioned on one of Miami Beach’s most desirable streets, moments from the beach, South Pointe Park, marinas, restaurants, and some of the area’s top luxury developments. Zoned C-PS1. Existing structure requires complete renovation/redevelopment and is being sold as-is. Exceptional opportunity for investors, developers, or end users seeking a prime South of Fifth location with long-term upside.

Property Details

Property Type Mixed Use
Days on Market 4 days
HOA Fee None
Parking — spaces
Pool No
Waterfront No
Community —
Pets Allowed

Assigned Schools

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School Grades Address Report Card
Miami Beach South Pointe Elementary
Elementary 305-531-5437
PK-5
1050 Fourth St., Miami Beach, FL 33139
Nautilus Middle
Middle 305-532-3481
6-8
4301 N Michigan Ave., Miami Beach, FL 33140
Miami Beach Senior High
High School 305-532-4515
9-12
2231 Prairie Ave., Miami Beach, FL 33139

Source: County GIS attendance zone boundaries. Assignments are based on property location and may change. Use Miami-Dade County Public Schools's official locator to confirm.

Location

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Comparable Sales

10 closed sales · 1-mile radius · last 12 months · Miami Beach

Est. Market Value
$3,690,552
Range: $2,050,000 – $5,450,000
Listed 5.7% above estimated market value ($209,448 over comps). Buyers should negotiate.
Address
Closed
Price
Beds
Baths
Sqft
vs Ask
291 Palm Ave, Miami Beach FL 33139
RIVIERA 1ST & 2ND ADDN AM · 2025
$5,450,000
May 13, 2026
$5,595,000
$1,771/sf
4
5
3,077
-2.6%
850 E Dilido Dr, Miami Beach FL 33139
DI LIDO ISLAND · 1942
$4,850,000
May 8, 2026
$4,875,000
$1,695/sf
4
3
2,862
-0.5%
4445 N Michigan Ave, Miami Beach FL 33140
NAUTILUS EXTENSION 4TH · 1948
$2,619,000
May 13, 2026
$3,900,000
$918/sf
3
2
2,852
-32.8%
4555 Alton Rd, Miami Beach FL 33140
NAUTILUS EXTENSION · 1948
$1,749,000
Apr 29, 2026
$1,815,000
$705/sf
4
4
2,481
-3.6%
600 W Dilido Dr, Miami Beach FL 33139
DI LIDO ISLAND · 1938
$11,000,000
May 14, 2026
$10,999,000
$4,121/sf
5
5
2,669
+0%
1413 Sunset Harbour Dr # 208, Miami Beach FL 33139
THE THS AT SUNSET HARBOUR · 1997
$2,050,000
May 6, 2026
$2,295,000
$777/sf
3
3
2,640
-10.7%
1415 Sunset Harbour Dr # 205, Miami Beach FL 33139
THE THS AT SUNSET HARBOUR · 1997
$1,649,875
Apr 30, 2026
$2,100,000
$625/sf
3
3
2,640
-21.4%
5220 La Gorce Dr, Miami Beach FL 33140
BEACH VIEW SUB · 1958
$2,700,000
Apr 27, 2026
$2,999,000
$1,157/sf
3
2
2,334
-10%
4740 Alton Rd, Miami Beach FL 33140
NAUTILUS SUB · 2019
$3,600,000
Apr 27, 2026
$3,990,000
$1,198/sf
5
6
3,005
-9.8%
302 W San Marino Dr, Miami Beach FL 33139
SAN MARINO ISLAND · 1935
$11,300,000
May 26, 2026
$13,900,000
$3,556/sf
3
3
3,178
-18.7%
$3,150,000
Median Sale
$4,252,250
Trimmed Avg
$1,472/sf
Avg $/sqft
10 sales
Comps Found

Comp data from Miami MLS. Estimate is automated and does not account for condition, upgrades, or lot features. For a full CMA, contact Dayron Crespo, Broker.

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Dayron Crespo
Broker Associate

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