Building facts
- Address
- 900 Fourth Street
- Neighborhood
- South of Fifth
- Year built
- 2004
- Floors
- 4
- Residences
- 6
- Status
- Completed
- Pricing
- Starting at $1.2 Million
Key Takeaways
- Every home in the building has an exact twin — three floorplates, exactly two of each — 1,164, 1,196 and 1,251 square feet. Six homes, all two-bedrooms. That symmetry makes the price record unusually easy to read.
- The building peaked in February 2022 — $1,200,000 for a 1,196 sq ft home — $1,003 per square foot, the only time this building has cleared $1,000 a foot.
- The one sale since is below the 2021 price for the same plan — a 1,164 sq ft home sold for $1,050,000 in October 2021 and its twin sold for $950,000 in October 2025 — down 9.5% across four years, on an identical floorplate.
- One plan rose 85% in under two years before that — the 1,196 sq ft home went from $650,000 in March 2020 to $1,200,000 in February 2022. The same apartment, twenty-three months apart.
- It sold out in 2005 at a third of today’s per-foot prices — five homes traded in March 2005 between $334 and $420 per square foot. The most recent sale is $816.
- Everything at this address in the declaration is a home — six folios, six homes, and the common-element shares close at exactly 100.0000%. No commercial unit, no parking folio, no reference folio.
900 Fourth Street, Miami Beach, Florida 33139 | Neighborhood: South of Fifth
The Manhattan is six homes built as three matched pairs. Every apartment in it has an
exact twin, which means the building can answer a question most cannot: when two identical homes sell
four years apart, the difference between them is time and nothing else. Here, that difference is
negative.
What the county records at 900 4th Street
The Miami-Dade County Property Appraiser records six folios in the declaration
THE MANHATTAN CONDO at 900 4th Street. All six are homes. There is no
commercial folio, no parking folio and no reference folio, and the common-element shares
close at exactly 100.0000% — the pull is the whole building.
The six homes are 1,164, 1,196 and 1,251 square feet, two of each, and all six are
two-bedrooms. The size range across the entire building is 87 square feet.
For 2026 the county assesses them from $742,530 to $817,164, a median of
$776,841 — a spread of about 10%, which tracks the size difference closely.
Three floorplates, six homes, and what the twins show
Because each plan exists twice, sales of the same plan in different years are as close to a
controlled comparison as a small building can offer.
The 1,164 sq ft plan:
| Date | Price | $/sq ft |
|---|---|---|
| March 2005 | $389,264 | $334 |
| July 2007 | $730,000 | $627 |
| September 2010 | $650,000 | $558 |
| March 2014 | $900,000 | $773 |
| October 2021 | $1,050,000 | $902 |
| October 2025 | $950,000 | $816 |
That last line is the building’s most recent sale, and it is 9.5% below the same
plan’s 2021 price. Four years, an identical floorplate, and a lower number.
The 1,196 sq ft plan moved the other way in the years before it: $650,000 in March
2020, then $1,200,000 in February 2022 — a rise of 85% in twenty-three
months, and the highest price and highest per-foot figure the building has recorded.
The 1,251 sq ft plan is the most-traded: $525,000 and $790,000 in 2005, $800,000 in
2007, $600,000 in 2010, then $935,000, $950,000 and $935,000 across 2015 and 2016, $800,000 in 2021 and
$1,100,000 in April 2023.
Read together, the three plans tell one story: a sharp run-up into early 2022, and a
softer market since. The 2023 sale was below the 2022 peak per foot, and the 2025 sale is
below the 2021 price for its own plan.
The price record
| Year | Qualified sales | Median price | Median $/sq ft |
|---|---|---|---|
| 2023 | 1 | $1,100,000 | $879 |
| 2024 | 0 | — | — |
| 2025 | 1 | $950,000 | $816 |
| 2026 to date | 0 | — | — |
Two sales in four years. Those rows are one transaction each and are not price
levels. The building’s full record runs to 26 qualified sales since 2005, which
is where the pattern above comes from.
The building sold out in March 2005, five homes in one month at $334 to $420 per
square foot. By mid-2007 the same plans were trading at $619 to $639 — then fell back to $480 to
$558 by 2010.
Who this building suits, and who it does not
It suits a buyer who wants a genuine comparable. That is rare in a six-home
building and it exists here because every plan is duplicated. If you are buying the 1,164, you can see
exactly what its twin did in 2005, 2007, 2010, 2014, 2021 and 2025.
It suits a two-bedroom buyer in South Beach who wants a small building. Six homes,
all two-bedrooms, all within 87 square feet of each other. There is no studio and no penthouse here.
It suits badly a seller expecting 2022 pricing. The most recent evidence is a home
selling for less than its twin did four years earlier. That is one sale and should not be
over-interpreted, but it is the only recent evidence there is.
And it suits badly a buyer who needs to move quickly. Two sales in four years
across six homes means what is available is whatever is available.
If you are selling here: your comparable is your own twin, and you should use it
directly rather than a building average built on 87 square feet of variation. Be realistic about the
recent direction — the October 2025 sale at $816 per foot is the most current fact about this
building, and it sits well below the $1,003 set in February 2022.
Verified 25 August 2026 against the Miami-Dade County Property Appraiser record for 900 4th Street — every folio retrieved individually and grouped by condominium declaration; the figures here are THE MANHATTAN CONDO only, and exclude a neighbouring land parcel returned at the same address. All six folios are residential homes, with no commercial, parking or reference folios, and the common-element shares close at exactly 100.0000%. Sale figures are qualified, arm’s-length transactions only, with bulk/portfolio transfers collapsed to a single transaction. The 2023 and 2025 rows rest on one sale each and 2026 is an incomplete year with none recorded. Building age, storey count and amenity detail are omitted: no primary source has been confirmed for them. Re-check when the next tax roll publishes.
The Manhattan — Frequently Asked Questions
How many units are in The Manhattan?
Six. The county records six folios in THE MANHATTAN CONDO at 900 4th Street, all residential homes, and the declaration’s common-element shares close at exactly 100.0000%.
What floorplans does The Manhattan have?
Three, and each exists twice: 1,164, 1,196 and 1,251 square feet. All six homes are two-bedrooms, so every apartment in the building has an exact twin.
What is the highest price paid at The Manhattan?
$1,200,000, in February 2022, for a 1,196 sq ft home at $1,003 per square foot — the only time the building has exceeded $1,000 a foot.
What was the most recent sale at The Manhattan?
$950,000 in October 2025, for a 1,164 sq ft home at $816 per square foot. Its identical twin sold for $1,050,000 in October 2021, so the same floorplate traded 9.5% lower four years later.
How often do homes sell at The Manhattan?
26 qualified sales since 2005, but only two in the last four years. In a six-home building long gaps are normal.
Sources and further reading
Interested in selling at The Manhattan?
Learn more about selling your condo at The Manhattan Lofts with Josh Stein.
Frequently asked questions
Are there real converted-warehouse lofts in Miami?
Very few. Parc Lofts at 1749 NE Miami Court is described in the trade as one of the few true industrial-loft buildings in Miami, with 15-foot ceilings on floors one to four and 20-foot ceilings on floors five and six. Most Miami buildings marketed as lofts, including Neo Lofts, Filling Station Lofts, Wynwood Lofts and Loft Downtown I and II, are purpose-built new construction in a loft aesthetic dating from 2002 to 2016.
How much does a loft cost in Miami?
Downtown loft-style condominiums start around $282,000 to $307,000 and average $414 to $451 per square foot across Neo Lofts, Loft Downtown I and Loft Downtown II, on 2026 data. Large-format industrial lofts sit far higher: Parc Lofts runs roughly $1.3 million to $3.0 million at about $756 per square foot for units of 1,970 to 3,774 square feet.
Are Miami lofts good value compared with condos?
On a per-square-foot basis, clearly. Downtown loft product trades at roughly $414 to $451 per square foot while the Downtown luxury condo segment ran $730 per square foot in Q1 2026. Carrying costs are lower too: Loft Downtown II has an HOA near $0.93 per square foot per month against $4 to $7 in South Beach trophy towers.
Which Miami neighborhoods have lofts?
The concentrations are Downtown Miami with Loft Downtown I and II, the Arts and Entertainment District with Parc Lofts and Filling Station Lofts, Wynwood with Wynwood Lofts, Edgewater with Star, Bay and Uptown Lofts, and the Miami River and Brickell edge with Neo Lofts. South Beach has a small cluster of boutique loft buildings including Ilona Lofts and Montclair Lofts, and Coconut Grove has Lofts at Mayfair.
What are the largest lofts in Miami?
Parc Lofts has the largest floorplates of any loft building in the city, with units from 1,970 to 3,774 square feet. Filling Station Lofts runs 832 to 1,639 square feet with 18-foot ceilings. Most Downtown loft towers top out near 1,150 to 1,185 square feet.
Why does nobody build new lofts in Miami anymore?
Land economics. Edgewater and Brickell luxury condos traded at $978 and $950 per square foot in Q1 2026 while loft product trades near $420. A four to six-storey building with 35 to 70 units cannot compete for the same land as a 40-storey tower, and 20-foot ceilings consume roughly two conventional floors of height under fixed limits. No meaningful loft supply has been added since about 2016.
How long do Miami lofts take to sell?
Loft Downtown II averaged 129 days on market over the six months ending July 2026, with sold prices averaging $422 per square foot against an asking average of $451. Downtown carried 46 months of luxury inventory in Q1 2026, the highest in Greater Downtown, which gives buyers meaningful negotiating room.
Who buys lofts in Miami?
Three groups. Creative professionals, since Parc Lofts is documented as a favourite among photographers, musicians and artists and Wynwood Lofts is marketed as a live/work building. Entry-point urban buyers, because Downtown lofts start below $310,000 against a $425,000 Miami-Dade condo median. And rental investors attracted by the low HOA structure, with Loft Downtown II listing 17 units for rent against 15 for sale in July 2026.
Related coverage
Part of Miami Lofts.