The Jefferson

What the county records at 401 Jefferson Avenue

The Miami-Dade County Property Appraiser returns eight folios at 401 Jefferson Avenue in one declaration, THE JEFFERSON CONDO. Six are homes. One is a commercial unit and one is a reference folio for the underlying land parcel; both are excluded from every figure below.

The common-element shares close at exactly 100.0000%, so the pull is the whole declaration and no folio is missing.

The six homes are 796, 1,201 and 1,214 square feet, two of each. For 2026 the county assesses them from $444,241 to $717,024, a median of $647,574.

Six lofts with no bedrooms on record

Every one of the six homes carries a bedroom count of zero in the county roll. For the two 796 square foot homes that is unsurprising. For the four homes at 1,201 and 1,214 square feet it is the defining fact — over 1,200 square feet of undivided space.

This matters practically. A 1,214 square foot home with no recorded bedroom will not compare cleanly against a 1,214 square foot two-bedroom anywhere else in South Beach, and any valuation that treats them as equivalent is comparing different products. It also means the buyer here is self-selecting: someone who wants open volume rather than partitioned rooms.

The sale record splits cleanly by plan. The 796 sq ft plan:

Five sales, each higher than the last, $471 to $760 per square foot across five years. It has not traded since.

The two larger plans have thinner and older records. The 1,214 sq ft plan sold at $575,000 twice in 2011 (two different homes), then $900,000 in February 2016, the building’s highest recorded price, at $741 per square foot. The 1,201 sq ft plan sold at $550,000 and $565,000 in 2011, $675,000 in 2013, and $815,000 in January 2022, each above the one before; the last is the most recent sale in the building.

The price record, and the four empty years

That table is accurate, not incomplete. The last qualified sale at The Jefferson was January 2022. In a six-home building, four quiet years is ordinary — but it does mean there is no current transaction evidence for what a home here is worth.

The full record is twelve qualified sales since 2011, and half of them closed in a seven-month window during the 2011 sell-out. Strip those out and the building has traded six times in fifteen years.

Who this building suits, and who it does not

It suits a buyer who actually wants an open loft. Not a marketing description: the county records no bedrooms in any of the six homes. If you want undivided space over 1,200 square feet in South Beach, The Jefferson is worth a look.

It suits a buyer who values a very small building. Six homes and one commercial unit, on Jefferson Avenue.

It suits badly a buyer who needs bedrooms, or a lender who wants them. An open plan with no recorded bedroom count can complicate both resale and financing, and it narrows the pool of future buyers to people who want the same thing you do.

And it suits badly anyone who needs recent comparables. Four years without a sale. The most current evidence in the building is January 2022, and the highest price on record is from 2016.

If you are selling here: your best evidence is your own twin, and for the 796 plan that record shows five consecutive sales, each above the last. The 1,201 plan has four and the 1,214 plan three, so the larger plans’ records are thinner and older. Do not accept a valuation that benchmarks your home against conventional two-bedrooms of the same square footage; the county itself does not classify them the same way.

Interested in selling at The Jefferson?

Learn more about selling your condo at The Jefferson with Josh Stein.

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