Building facts
- Address
- 6901 Collins Avenue
- Neighborhood
- Miami Beach
- Year built
- 2019
- Floors
- 18
- Residences
- 23
- Status
- Completed
- Developer
- SMG Management, W Capital Group
- Architect
- Luis Revuelta
- Pricing
- Starting at $3.85 Million
Key Takeaways
- Twenty of the 25 homes are the identical size — 2,133 sq ft, or 80% of the building on one floorplate — the third-highest concentration among the 88 buildings I measure. It means this building produces a price series with no mix effect in it at all.
- That series says +10.0% since the sell-out — the 2,133 sq ft home fetched a median $4,000,000 across 17 sales in the 2019 sell-out and a median $4,400,000 across the seven sold since 2022. Same home, same size, seven years apart.
- The penthouse is the second-highest price in my entire index — $36,000,000 on 17 December 2021 for 7,094 sq ft — $5,075 per square foot. The same home sold for $21,000,000 in February 2019, so it gained 71.4% in under three years.
- One home has sold four times and shows the whole cycle — unit 502 went $3,050,000 (2019) → $4,100,000 (2022) → $4,500,000 (2024) → $3,900,000 (2025). Up 47.5%, then down 13.3%.
- Three of ten resales lost money — a 30.0% loss rate against a median of 20.7% across the buildings I measure. The median reseller here is up 12.2% over a three-year hold.
- Two commercial units sit inside the condominium — the county records two store folios of 2,647 and 2,111 sq ft, assessed at $1,746,030 and $1,392,710 for 2026. They are not homes and are excluded from every figure here.
6901 Collins Avenue, Miami Beach, Florida 33141 | Neighborhood: Miami Beach
What is actually in the building
The county returns 27 folios at 6901 Collins Avenue. 25 are homes. The other two are commercial store units of 2,647 and 2,111 sq ft, assessed for 2026 at $1,746,030 and $1,392,710. They are part of the same condominium and they are excluded from every residential figure on this page.
The homes run from 1,622 sq ft to 7,094 sq ft, median 2,133, and the mix is two two-bedrooms, 20 three-bedrooms, two four-bedrooms and one six-bedroom. But the size range badly misrepresents the building, because the distribution is not spread across it. Twenty of the 25 homes are exactly 2,133 sq ft. Two are 1,622, two are 2,604, and one — penthouse PH-01 — is 7,094.
For 2026 the county assesses the homes between $2,382,074 and $27,142,877, median $3,243,730. That 11-fold spread is almost entirely the penthouse: strip it out and the range narrows sharply, which is the point of the section below.
What happens when 20 homes are the same size
Eighty per cent of this building is one floorplate. Across the 88 buildings I have measured on the county record, only two are more concentrated than that. It is the single most useful fact about L’Atelier, and it has nothing to do with the architecture.
Here is why it matters. The usual objection to any building-level price figure is that it is contaminated by mix — if big homes happen to sell one year and small ones the next, the median moves without a single price changing. At L’Atelier that objection mostly disappears. Twenty-five of the building’s 34 recorded qualified sales are the same 2,133 sq ft home. You can line them up and read them directly.
In the 2019 sell-out, 17 of those homes sold at a median of $4,000,000, or $1,875 per square foot, in a range from $3,050,000 to $4,600,000. Since the start of 2022, seven have sold at a median of $4,400,000, or $2,063 per square foot. That is +10.0% over roughly seven years, and because the home is identical, the price figure and the per-foot figure give exactly the same answer — which almost never happens.
Ten per cent over seven years is not a strong number. It is roughly flat in nominal terms and a real-terms loss. I would rather publish it plainly than dress it up: the identical home at L’Atelier is worth about a tenth more than it was at launch, and the path was not a straight line. The peak on this floorplate was $4,650,000 in March 2022 ($2,180 per square foot). The three most recent sales are $4,400,000, $3,900,000 and $4,000,000.
Unit 502 is the whole cycle in one home. It sold in the 2019 sell-out for $3,050,000 — at $1,430 per square foot, the cheapest entry anyone got. It then sold for $4,100,000 in March 2022 (+34.4%), $4,500,000 in February 2024 (+9.8%), and $3,900,000 in November 2025 (−13.3%). Its first owner is up 34.4%; its third owner is down 13.3%. Same apartment, same seven years.
The county records ten resales here, three of them at a loss — 30.0%, against a median of 20.7% across the buildings where I have at least five resales to measure. The median reseller is up 12.2% over a three-year hold, against a corpus median of 21.5%. What separates the winners from the losers here is almost entirely what they paid in 2019. The two buyers who entered lowest — unit 502 at $1,430 per square foot and unit 401 at $1,453 — are up 27.9% and 29.0%. The buyer who entered highest, unit 1001 at $2,157, sold three years later for $4,650,000 against $4,600,000: a gain of 1.1%. Ten resales is a small record and I would not push it further than that, but the pattern is in the direction you would expect and there is nothing in the record pointing the other way.
The price record
| Year | Qualified sales | Median price | Median $/sq ft |
|---|---|---|---|
| 2023 | 1 | $3,600,000 | $2,219 |
| 2024 | 1 | $4,500,000 | $2,110 |
| 2025 | 3 | $4,400,000 | $2,063 |
| 2026 to date | 1 | $4,000,000 | $1,875 |
No four-year change is published and the building carries a dash in my Miami Condo Index. Six qualified sales across four years cannot carry a percentage; my rule requires at least five in the opening and closing years, and no year here has more than three.
What the record does support is a level and a soft direction. Across the four-year window the building cleared a median $2,068 per square foot in a band from $1,828 to $2,219, at a median price of $4,200,000. The per-foot column has declined in every one of the four years, from $2,219 to $1,875 — and because the 2024, 2025 and 2026 sales are all the same 2,133 sq ft floorplate, that decline is not a mix artifact. The direction is probably real. On six sales the magnitude is not something I would put a number on.
The record price is $36,000,000, paid on 17 December 2021 for penthouse PH-01, 7,094 sq ft — $5,075 per square foot. That is the second-highest price and the fourth-highest price per square foot on the entire county record I maintain, across 88 buildings. The same home sold on 6 February 2019 for $21,000,000, so it gained 71.4% in two years and ten months. It is also completely unrepresentative of anything else in the building, and it should never be used as a comparable for a 2,133 sq ft home.
The building trades at about one home in 17 a year, against a median of one in 24 across my index — slightly more liquid than typical, on a small base.
Who this building suits, and who it does not
It suits a buyer who wants evidence. There is no building I measure where you can check the comparables faster: 20 of the 25 homes are the same size, 25 of the 34 recorded sales are that size, and the whole series is on the public record. If you want to know what you are buying and what it has done, this building will tell you.
It suits a buyer at the right entry price. The resale record here separates cleanly on what people paid in 2019, and the highest entries have produced the weakest outcomes. Buying near the bottom of the current $1,828 to $2,219 band matters more here than in most buildings.
It suits badly a buyer expecting the last few years to repeat. The per-foot figure has fallen in each of the last four years and the identical home is up only 10.0% since 2019. That is not a collapse, but it is not growth either, and anyone underwriting this on appreciation should look at the 2,133 series first.
It suits badly anyone drawing conclusions from the penthouse. One home at $36,000,000 sits in an 11-fold assessment spread with 24 homes clustered at the other end. Every building-level average you will see quoted for L’Atelier is distorted by it.
If you are selling here, your comparable set is unusually strong and unusually specific — use the 2,133 sq ft series and nothing else. The last four sales on that floorplate were $4,500,000, $4,400,000, $3,900,000 and $4,000,000, and the most recent, in April 2026, was $4,000,000 at $1,875 per square foot. What you should not do is anchor on March 2022’s $4,650,000: it is the high-water mark on this plate, it is four years old, and every buyer’s agent can pull the same six sales that came after it.
Verified 19 August 2026 against the Miami-Dade County Property Appraiser record for 6901 Collins Ave, Miami Beach — all 27 folios retrieved individually and grouped by subdivision, filtered to residential homes, excluding two commercial store folios. Completeness was confirmed by checking that the undivided common-element interests across the folios sum to 100%. Sale figures are qualified, arm’s-length transactions only, with bulk/portfolio transfers collapsed to a single transaction. Comparisons to other buildings are drawn from the same county record across the 88 buildings I maintain. 2026 is an incomplete year. Assessed values are the county’s, not market valuations. Building age, storey count, architect and amenity detail are omitted: no primary source has been confirmed for them. Re-check when the next tax roll publishes.
L’Atelier Miami Beach — Frequently Asked Questions
How many homes are there at L’Atelier Miami Beach?
Twenty-five. The county returns 27 folios at 6901 Collins Avenue, of which two are commercial store units. The undivided ownership shares across the folios sum to 100%, which confirms the record is complete.
How big are the homes at L’Atelier?
Twenty of the 25 are exactly 2,133 sq ft. Two are 1,622 sq ft, two are 2,604, and the penthouse is 7,094. The mix is two two-bedrooms, 20 three-bedrooms, two four-bedrooms and one six-bedroom.
How much does a home at L’Atelier sell for?
On the six qualified sales in the four years to August 2026, a median $2,068 per square foot in a band from $1,828 to $2,219, at a median price of $4,200,000. The most recent was $4,000,000 in April 2026.
Have prices at L’Atelier gone up since it sold out?
By about 10.0%. The 2,133 sq ft floorplate — 20 of the building’s 25 homes — sold at a median $4,000,000 across 17 sales in the 2019 sell-out and a median $4,400,000 across the seven sold since 2022. Because the home is identical, there is no mix effect in that comparison.
Are prices at L’Atelier rising or falling right now?
Falling, on thin evidence. Median price per square foot declined in each of the last four years, from $2,219 in 2023 to $1,875 in 2026, and the 2024 to 2026 sales are all the same floorplate so the decline is not a mix artifact. Six sales cannot carry a percentage, so no four-year change is published and the building carries a dash in my Miami Condo Index.
What is the highest price ever paid at L’Atelier?
$36,000,000, on 17 December 2021, for penthouse PH-01 at 7,094 sq ft — $5,075 per square foot. That is the second-highest price and the fourth-highest per square foot across the 88 buildings on the county record I maintain. The same home sold for $21,000,000 in February 2019.
Have owners at L’Atelier made money?
Most have. The county records ten resales, of which three sold for less than the owner paid — a 30.0% loss rate against a median of 20.7% across the buildings I measure. The median reseller is up 12.2% over a three-year hold. The outcomes separate closely on what each buyer paid in 2019.
Is there commercial space inside L’Atelier?
Yes. Two folios of 2,647 and 2,111 sq ft are classified by the Property Appraiser as condominium store units, assessed at $1,746,030 and $1,392,710 for 2026. They form part of the same condominium and are excluded from every residential figure on this page.
Sources and further reading
Interested in selling at L’Atelier Miami Beach?
Learn more about selling your condo at L’Atelier Miami Beach with Josh Stein.
Related coverage
Part of Miami Luxury Condos.