250 Wynwood

What the county records at 250 NW 24th Street

The Miami-Dade County Property Appraiser holds 15 folios at 250 NW 24th Street, all in one declaration, 250 WYNWOOD CONDO. Eleven are residences, three are retail units and one is a reference folio. The declaration’s common-element shares close at 99.9994% — complete to four decimal places.

The homes are substantial: 720 to 2,821 square feet with a median of 1,420. Ten are two-bedrooms and one is a three-bedroom; there are no studios and no one-bedrooms. The smallest plan, 720 sq ft, appears three times and the 1,420 sq ft plan twice; the rest are one-offs.

For 2026 the county assesses the eleven homes at $6,805,216, a median of $604,800 across a range of $408,672 to $1,053,000.

The three retail folios matter more here than they would in a larger building. Eleven residences sharing a declaration with three commercial units means the association’s budget, its reserves and its decisions are shared across a very small group, with commercial owners holding a meaningful voice. That is worth reading the documents for before you buy.

One sale in four years

The record holds fifteen qualified transactions in the building’s entire history. Ten of them closed in 2015, when the apartments were first sold individually. Since then: two in 2021, two in 2022, one in 2024.

Three of the four rows are empty. One qualified sale against eleven homes across four years is a turnover rate of about one apartment in 44 per year, and the median home here last changed hands in 2015.

I could have published the 2024 figure on its own and let it read as the market. It is not the market; it is one deed.

What can you actually conclude from this record?

Three things, and no more.

First, the 2015 sell-out is well documented. Ten sales in a few weeks that October and November, clustering between roughly $436 and $595 per square foot, topped by $1,229,500 for the 2,821 sq ft home ($436/sf) and $1,073,000 for an 1,804 sq ft home ($595/sf). That is a real, dense snapshot of what the building was worth eleven years ago.

Second, the handful of trades since have been higher. $737,000 for a 1,420 sq ft home in July 2021 ($519/sf), $720,000 for a 1,407 sq ft home in April 2022 ($512/sf), and the 2024 sale at $715 per square foot. Every one is above what the equivalent size fetched in 2015.

Third — and this is the limit — five transactions across eleven years cannot establish a rate of appreciation. The direction is probably real, because all of the post-2015 sales point the same way. The magnitude is not something I would put a number on, and any figure you are quoted for annual growth here has been derived from fewer sales than a single week produces in an active building.

The county’s own 2026 assessments are the only current valuation covering all eleven homes, at a median of $604,800.

Who this building suits, and who it does not

Eleven two and three-bedroom homes of a median 1,420 square feet, above shops in Wynwood, is a specific thing and there is very little competing supply. If that is what you want, the scarcity is real and this is one of the few addresses that offers it.

It suits you badly if you need price discovery or an exit. With one sale in four years, there is effectively nothing to price against — you would be negotiating from the county’s assessment and the seller’s expectation. And when you come to sell, you inherit the same problem from the other side.

It also suits you badly if you have not read the condominium documents. In a building of eleven homes and three shops, a small number of owners control the budget, and one significant assessment is divided eleven ways rather than two hundred.

If you are selling here, your strongest evidence is the post-2015 pattern: every apartment that has traded since the sell-out has traded above the sell-out level. That is a fair thing to show a buyer. What you cannot do is put a growth rate on it, and a buyer’s agent will spot one that has been manufactured from five deeds.

250 Wynwood — Frequently Asked Questions

How many apartments are at 250 Wynwood?

Eleven, alongside three retail units and a reference folio in the same declaration. The declaration closes at 99.9994% of its common elements, so that count is complete.

What have units here sold for recently?

There has been one qualified sale in the last four years: $515,000 in 2024, at $715 per square foot. Nothing sold in 2023, 2025 or 2026. Before that, $737,000 in July 2021 and $720,000 in April 2022. That is the whole recent record.

Have prices gone up since the building sold out in 2015?

Every sale since 2015 has been above the equivalent 2015 level, so the direction is probably real. But there are only five of them across eleven years, which is not enough to support a rate of appreciation. Treat any annual growth figure you are quoted for this building with caution.

How big are the apartments?

From 720 to 2,821 square feet with a median of 1,420. Ten are two-bedrooms and one is a three-bedroom. There are no studios or one-bedrooms in the building.

Does it matter that there are shops in the same declaration?

It can. Eleven residences sharing a condominium with three commercial units means a small group controls the budget and reserves, and commercial owners have a meaningful voice in it. A single large assessment is divided eleven ways rather than across hundreds of owners. Read the declaration and the association’s finances before committing.

How long might it take to sell here?

The record cannot answer that directly, but one qualified sale in four years against eleven homes is a turnover rate of roughly one apartment in 44 per year, and the median home last changed hands in 2015. Plan for a long timeline and a small buyer pool.

Interested in selling at 250 Wynwood?

Learn more about selling your at 250 Wynwood with Josh Stein.

I'M READY