Verified 18 August 2026Miami-Dade County Property Appraiser1 source
The Courts Miami Beach — photography to follow
Building facts
- Address
- 140 & 145 Jefferson Avenue
- Neighborhood
- Miami Beach
- Year built
- 2001
- Residences
- 25
- Status
- Delivered — completed 2001
Key Takeaways
- Not one of the original buyers who has resold here lost money — the building sold through in 2001 at a median $347,000, or $263 per square foot. Twenty-one of those buyers have since resold, all of them at a gain, at a median of +45.7%.
- Across the whole record the loss rate is 8.3% — five of 60 resales, at a median gain of 35.1% over a 3.0-year hold — one of the better ownership records in my index, and drawn from an unusually deep sample for a 25-home building.
- One home sold twice inside seven months, 85.5% apart — unit 416 changed hands on 29 August 2024 for $806,000 and again on 2 March 2025 for $1,495,000. Same 1,485 sq ft home, $543 and $1,007 per square foot.
- Four qualified sales in four years, and none in 2026 — about one home in 25 a year. No four-year change is published for this building.
- Every folio at this address is a home — 25 of them, from 940 to 2,425 sq ft, with 10 two-bedrooms, 10 three-bedrooms and five four-bedrooms. No parking, cabana, storage or commercial unit is filed separately.
- The record is $2,010,000 — paid on 8 September 2021 for a 2,425 sq ft home — $829 per square foot.
100, 140 & 145 Jefferson Avenue, Miami Beach, Florida 33139 | Neighborhood: South of Fifth
What is actually in the building
The county returns 25 folios for 145 Jefferson Avenue, and every one of them is a home. There is no reference folio, no commercial unit, and no separately deeded parking, cabana or storage.
The homes run from 940 sq ft to 2,425 sq ft, median 1,485. Nine of them share the 1,485 sq ft plan, with four each at 1,155 and 1,308 and three at 2,425. The bedroom mix is 10 two-bedrooms, 10 three-bedrooms and five four-bedrooms — a large-home mix for a building of this size, with no one-bedrooms or studios.
For 2026 the county assesses the homes between $536,251 and $1,706,704, median $966,179.
Twenty-one original buyers, twenty-one gains
Most of what is interesting about this building is in its ownership record rather than its recent prices, and the ownership record is unusually deep for a 25-home address.
The Courts sold through in 2001 — 23 qualified sales, 92% of the building, at a median $347,000, or $263 per square foot. Of those original buyers, 21 have since resold. Every single one sold for more than they paid, at a median gain of 45.7%.
That is a clean sweep. I have found it twice more in this index — at Terra Beachside Villas, where 55 of the 2010–11 conversion buyers resold without a single loss, and at Ocean House, on eight resales. For comparison, the equivalent figures elsewhere run from 3.6% to 81.8% of original buyers underwater.
The wider record is nearly as good. The county shows 60 resales at this address — a large number for 25 homes, and a sign of how much this building has traded over twenty-five years. Five of them lost money: 8.3%, at a median gain across all 60 of 35.1% over a 3.0-year hold. The median loss among the five was 12.0% and the worst was 35.0%.
One pair inside that record deserves naming, because a buyer or a valuer will find it and need to understand it. Unit 416, a 1,485 sq ft three-bedroom, sold on 29 August 2024 for $806,000 — $543 per square foot — and again on 2 March 2025 for $1,495,000, or $1,007 per square foot. That is 85.5% in a little over six months.
I am not going to tell you what happened between those two dates; the county records transactions, not reasons, and a renovation, a below-market first sale or something else entirely would all look identical here. What I will say is that the $543 figure is the lowest per-foot price the building has recorded in four years and the $1,007 is the highest, and that both were the same home in the same year. If either number is quoted at you as a comparable, the other one belongs in the same sentence.
The price record
| Year | Qualified sales | Median price | Median $/sq ft |
|---|---|---|---|
| 2023 | 2 | $1,432,500 | $810 |
| 2024 | 1 | $806,000 | $543 |
| 2025 | 1 | $1,495,000 | $1,007 |
| 2026 to date | No qualified sales | ||
Four qualified sales in four years, and nothing at all in 2026. No four-year change is published for this building and it carries a dash in my Miami Condo Index. The 2024 and 2025 rows are single transactions — and, as the previous section explains, they are the same home, which is why the table appears to show the building halving and then doubling.
Across the four sales the building cleared a median $810 per square foot, in a band from $543 to $1,007, at a median price of $1,230,000. I would treat the two 2023 sales — $835 and $784 per square foot — as the most representative evidence the last four years contain, because they are the only two transactions in the window that are not the same home twice.
Turnover is thin at one home in 25 a year, close to the median of one in 24 across the buildings in my Miami Condo Index but, in a 25-home building, amounting to one sale a year.
The record is $2,010,000, paid on 8 September 2021 for a 2,425 sq ft home — $829 per square foot. The building’s highest price per square foot is $1,007, the March 2025 sale of unit 416 described above.
Who this building suits, and who it does not
It suits a buyer who wants a three- or four-bedroom in South of Fifth in a building of 25 rather than 250. Fifteen of the homes here are three- or four-bedrooms and the median home is 1,485 sq ft, which is a lot of space for this part of Miami Beach.
It suits a buyer who takes the long view. The ownership record here — 60 resales, five losses, a clean sweep for the 2001 cohort — is among the best in my index and it is built on twenty-five years of transactions rather than a handful.
It suits badly anyone who needs current evidence. Four sales in four years, none in 2026, and two of the four are the same home. There is very little to price against.
It suits badly a buyer relying on an automated valuation. A building whose last two recorded prices are $543 and $1,007 per square foot for the identical home will defeat any model that has not read the deed dates.
If you are selling here, the strongest material you have is historical rather than recent, and it is genuinely strong: 60 resales, five losses, a median gain of 35.1%, and not one of the 21 original owners who sold did so at a loss. Very few buildings in Miami can show that. On price, use the 2023 pair at $784 and $835 per square foot as your baseline and the March 2025 sale at $1,007 as the ceiling — and be ready to explain the $543 print from August 2024, because it is the same home as the $1,007 and it will be found.
The Courts at South Beach — Frequently Asked Questions
Have owners at The Courts at South Beach made money?
Almost all of them. The county records 60 resales at this address, of which five lost money — 8.3% — at a median gain of 35.1% over a 3.0-year hold. Of the 21 original 2001 buyers who have resold, every single one sold at a gain, at a median of +45.7%.
How much does a home at The Courts sell for?
Across the four qualified sales in the four years to August 2026 the building cleared a median $810 per square foot, in a band from $543 to $1,007, at a median price of $1,230,000. The two 2023 sales, at $784 and $835 per square foot, are the most representative evidence in the window.
Why do the 2024 and 2025 figures look so different?
Because they are the same home. Unit 416, a 1,485 sq ft three-bedroom, sold on 29 August 2024 for $806,000 — $543 per square foot — and again on 2 March 2025 for $1,495,000, or $1,007. That is 85.5% in a little over six months. The county records transactions, not reasons, so I will not speculate about what happened in between; but neither figure should be used without the other.
How big are the homes at The Courts?
From 940 sq ft to 2,425 sq ft, median 1,485, with no one-bedrooms or studios. The mix is 10 two-bedrooms, 10 three-bedrooms and five four-bedrooms, and nine of the 25 homes share the 1,485 sq ft plan.
How often do homes at The Courts change hands?
The county records four qualified sales in the four years to August 2026 against 25 homes — about one home in 25 a year, close to the median of one in 24 across the buildings in my Miami Condo Index. In a 25-home building that is roughly one sale a year, and 2026 has had none.
What is the highest price ever paid at The Courts?
$2,010,000, on 8 September 2021, for a 2,425 sq ft home — $829 per square foot. The building’s highest price per square foot is $1,007, from the March 2025 sale of unit 416.
Have prices at The Courts gone up or down?
The record cannot say. There have been four qualified sales in four years, none in 2026, and two of the four were the same home. No four-year change is published and the building carries a dash in my Miami Condo Index.
Sources and further reading
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Josh Stein · Florida real estate sales associate, license SL3057661 · (305) 695-8257 · hello@joshsteinrealtor.comRelated coverage
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