Top Picks For Under $500K: Downtown Miami

The Miami Observer Picks

It just may be a figure of speech, but sometimes, instead of using a telescope to observe the market I like to utilize a microscope instead. Due to the influx of listings, searching for the right condo unit may seem like a military expedition but for my clients currently looking to buy, my main objective during the process begins at simplifying and narrowing down the search as much as possible. Our picks this week below the $500,000 price range were found with a similar approach of filtering through several units in Downtown Miami that are currently on the market. I personally went through the inventory sheets of the buildings and picked each unit based on the value it provides. For more information on any of them, reach out to us directly and we’ll send you the details!

                      The Miami Observer’s Top Picks: Downtown Miami – $500,000 or less


Ten Museum Park Condos For Sale
#1 – Ten Museum Park #1805

1040 Biscayne Blvd #1805 – $339,000, Listed by HB Roswell Realty

1/1. 886 sqft/$382 per sqft

Ten Museum Park is truly a unique building and has continued to provide a top notch lifestyle since it was built in the last real estate cycle. I chose this listing as one of the picks not because it’s currently the least expensive in the development but because its features are just as good as the units at Ten Museum Park that are almost three times more expensive. The units is almost move in ready with top of the line appliances, a custom kitchen island, marble floors throughout and the building’s signature floor to ceiling and wall to wall windows. As part of the 05 line, the unit faces north towards  its neighbor, Marquis but does provide enough of a balcony to have water views as well. Overall an excellent opportunity to get a luxury unit in a building known to provide both privacy, convenience and resort style amenities.

Full information: 1040 Biscayne Blvd #1805


Epic Residences Miami condos for sale
#2 – Epic Residences #4412

200 Biscayne Blvd Way #4412 – $419,000, Listed by Compass Florida

1/1. 822 sqft/$509 per sqft

This is one of 12 properties that are currently available for less than $500,000 at Epic, also the site of the renowned Epic Miami – A Kimpton Hotel . Of all of the units I saw, no one is currently more adequately priced and positioned as this gem, which for its price is also the highest floor unit available. The finishes on this “epic” listing are both exceptional and exquisite, with imported Italian designer finishes and recessed lighting.

Epic, a full service building features incredible resort style amenities that are part of its hotel as well as a marina thanks in part to its 900 foot dock on the south side of the building.


Epic Miami condos for sale
Enjoy incredible city and Miami River views from #4412 at Epic


Located  between Downtown Miami and Brickell, the development is just a short distance away from Whole Foods, and also features restaurants  on site including Zuma, one of my favorite Japanese spots in town (their food, especially the brunch menu, is unbelievable).

All major perks aside offered in this condo-hotel,  the sweeping views offered from the 44th floor, overlooking both the city and the River, are what makes this unit stand out from the crowd. If you haven’t had the chance to see it, it’s an amazing view both in the daytime and nighttime. With Icon undergoing issues with its pool and association, this is a tremendous alternative if you’re looking for a similar condo lifestyle.

Full information: 200 Biscayne Blvd Way #4412

900 Biscayne Bay condos for sale
#3- 900 Biscayne Bay #1907

900 Biscayne Blvd #1907 – $459,900, Listed by EWM Realty International

1/2. 938 sqft/$490 sqft

Not everyone is into living 44 stories above the ground. Even for someone without fear of heights, it’s pretty far up. If height is potentially a deal breaker for you, then consider this a solution. Of all of today’s picks, this one, which is also an EWM listing,  has the best views. We’ve gone in great length discussing all the attributes of 900 Biscayne Bay. We even created a full feature story that you can visit here. With its generous  living space and prized location, it’s hard to go wrong with this apartment. Although listed as a 1 bedroom, it features an extra den that can easily serve as a home office, dining area or guest quarters. The height of the unit is what I describe as “composed”: not too high, not too low, just right. The views are unobstructed, you can literally sit back and stare miles ahead while the cruise ships go by.

Full information: 900 Biscayne Blvd #1907


Miami River
Units at Miami Riverfront

Units for sale at The Ivy, Mint, and Wind by Neo – Riverfront District

This a tricky one to explain but it’s also very interesting and holds a lot of potential due to all the new development and influx of businesses opening up in the area. In our opinion, the Miami River is currently an under utilized portion of the city that could very well provide new opportunities for waterfront real estate.

What may seem by some like a standalone set of complexes west of Miami Ave may change very soon. I will be covering this subject in a new article coming up about all the changes and developments happening here.

Units in this area below $500,000 are averaging below $400/sqft, much lower than many of the other areas in Miami.


Bottom Line:

One common trend you can see in all of my picks is that the majority of my recommendations are priced on average at around $500/sqft or less as a common denominator to determine potential growth. Even if  choosing a condo may seem like a choice to live there for several years, I always plan ahead in terms of resale and therefore, also highlight condos with noticeable features such as unobstructed views and/or versatile floor plans with timeless finishes fit to serve someone else’s needs. As always, please feel free to contact us for any additional questions.

Hope you liked the picks! Stay in touch and follow our blog for other great properties in the area!

If you would like to buy or sell real estate in Downtown Miami contact us today at 305-305-3885 or send us a message here ! We specialize in the Downtown Miami market and our knowledge in the area has already helped dozens of others achieve their real estate goals!