Building facts
- Address
- 801 S. Pointe Drive
- Neighborhood
- South of Fifth
- Year built
- 2015
- Floors
- 7
- Residences
- 30
- Status
- Completed
- Developer
- Related Group
- Architect
- Sieger Suarez
- Pricing
- Starting at $2.53 Million
Key Takeaways
- More than half the original buyers who resold here lost money — 14 of 25 — 56.0% — at a median outcome of −3.3%. The building sold out in 2015 at a median $2,234,000, or $1,317 per square foot, and the resale market spent most of a decade below that.
- The last two sales are the two highest per-foot prices since the sell-out — $1,868 per square foot in April 2026 and $1,846 in May 2026, against a four-year median of $1,335.
- One home shows the turn precisely — unit 204 sold for $1,900,000 in December 2024 and $2,595,000 in April 2026 — the same home, up 36.6% in sixteen months.
- It trades often for a 30-home building — ten qualified sales in four years, about one home in 12 a year, against a median of one in 24 across the buildings in my Miami Condo Index.
- The building has east and west wings and the county labels every unit — sizes run 872 to 2,788 sq ft, median 1,732, with 16 two-bedrooms and 11 three-bedrooms among the 30 homes.
- The record still belongs to the sell-out — $7,900,000 on 14 October 2015 for a 2,748 sq ft home — $2,875 per square foot, unbeaten in eleven years.
801 S. Pointe Drive, Miami Beach, Florida 33139 | Neighborhood: South of Fifth
What is actually in the building
The county returns 34 folios for 801 South Pointe Drive. 30 are homes. One is a reference folio and three are commercial store units — of 220, 6,101 and 12,159 sq ft — which are excluded from everything below.
The homes run from 872 sq ft to 2,788 sq ft, median 1,732, and the county labels every unit as east or west. No plan dominates: the most common sizes carry four homes each, at 1,381, 1,389, 1,728, 1,732 and 2,140 sq ft. The bedroom mix is 16 two-bedrooms, 11 three-bedrooms, two one-bedrooms and one four-bedroom.
For 2026 the county assesses the homes between $843,355 and $6,562,689, median $1,832,028.
A decade below the sell-out price, and then a turn
This building has one clear story and the county record tells it without much help from me.
Marea sold out in 2015 — 29 qualified sales, 96.7% of the building, at a median $2,234,000, or $1,317 per square foot. Almost every owner started at the same moment and close to the same price, which makes what happened next unusually easy to read.
Of those 2015 buyers, 25 have since resold and 14 lost money. That is 56.0%, at a median outcome of −3.3%. Across all 37 resales the county records here, 17 lost money — 45.9% — at a median of +0.1% over a 5.3-year hold. The median loss was 10.5% and the worst was 30.4%. For most of the decade after the sell-out, a home here was worth roughly what its owner had paid for it, and often less.
Then the last two sales happened.
On 28 April 2026 a 1,389 sq ft home sold for $2,595,000 — $1,868 per square foot. On 15 May 2026 a 1,381 sq ft home sold for $2,550,000 — $1,846 per square foot. Those are the two highest per-foot prices this building has recorded since its sell-out, and they are 54% and 52% above the 2023 median of $1,212.
The cleanest evidence is a single home. Unit 204, 1,389 sq ft, sold on 16 December 2024 for $1,900,000 and again on 28 April 2026 for $2,595,000 — the same home, up 36.6% in sixteen months. No mix, no floorplan difference, no size adjustment: one home, two prices, sixteen months apart.
I want to be careful about how much that carries. Two sales are two sales, and a building that spent ten years disappointing its owners does not become a different building because of a good spring. But the direction is consistent across both 2026 transactions, it is confirmed by a repeat sale of one home, and it is a material distance above everything the building did between 2016 and 2025. My honest reading is that the turn is real and the magnitude is not yet established.
The price record
| Year | Qualified sales | Median price | Median $/sq ft |
|---|---|---|---|
| 2023 | 3 | $2,100,000 | $1,212 |
| 2024 | 4 | $2,245,000 | $1,335 |
| 2025 | 1 | $1,700,000 | $1,231 |
| 2026 to date | 2 | $2,572,500 | $1,857 |
Ten qualified sales in four years. No four-year change is published and the building carries a dash in my Miami Condo Index: 2023 recorded three sales and 2026 two, both below the five I require at each end. The mechanical figure would be a rise of more than 50%, which on five transactions is not a number I am prepared to print.
Across the ten sales the building cleared a median $1,335 per square foot, in a band from $1,198 to $1,868, at a median price of $2,245,000. Turnover is genuinely good for a building of 30 homes: one home in 12 a year, twice the median of one in 24 across my index.
The record is $7,900,000, paid on 14 October 2015 for a 2,748 sq ft home — $2,875 per square foot. That is a sell-out price, it has stood for eleven years, and it is 54% above the best the resale market has managed since. It is the building’s ceiling and it should not be used as a benchmark for anything currently for sale.
Who this building suits, and who it does not
It suits a buyer who wants a small, well-located building in South of Fifth and is arriving after the difficult decade rather than during it. Thirty homes, a genuinely liquid record at one in 12, and two 2026 sales well clear of anything since the sell-out.
It suits a buyer who reads the resale statistics correctly. A 56.0% loss rate among the 2015 cohort is a fact about the sell-out price, not about the building — and the buyer today is entering against a resale market that has already absorbed it.
It suits badly a short-term holder. The median hold across resales here is 5.3 years and the median outcome across all 37 was +0.1%. That is a decade of round trips that netted nothing.
It suits badly anyone who needs a deep comparable set for a specific floorplan. With 30 homes across a dozen sizes, your exact plan may not have traded in years.
If you are selling here, the two 2026 sales are the strongest cards you have and you should lead with them: $1,868 and $1,846 per square foot, against a four-year median of $1,335. Support them with unit 204, which sold twice — December 2024 and April 2026 — and rose 36.6% between the two. What a buyer’s agent will bring is the 2015 cohort record, and it is real: more than half of your neighbours who sold did so at a loss. The answer is that those sales happened before the last two, and the last two are the market.
Verified 18 August 2026 against the Miami-Dade County Property Appraiser record for 801 S Pointe Dr — all 34 folios retrieved individually, grouped by subdivision and filtered to residential homes, excluding one reference folio and three commercial store units along with parking, cabana and storage. Sale figures are qualified, arm’s-length transactions only, with bulk/portfolio transfers collapsed to a single transaction. 2026 is an incomplete year and carries two qualified sales, and 2023 carries three, which is why no four-year change is published. 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.
Marea South Beach — Frequently Asked Questions
Have owners at Marea made money?
Most have not, until very recently. The building sold out in 2015 at a median $2,234,000, or $1,317 per square foot. Of those buyers, 25 have since resold and 14 lost money — 56.0% — at a median outcome of −3.3%. Across all 37 resales, 17 lost money, or 45.9%, at a median of +0.1% over a 5.3-year hold.
Have prices at Marea gone up recently?
The last two sales say yes, and one of them is a like-for-like proof. On 28 April 2026 a 1,389 sq ft home sold at $1,868 per square foot and on 15 May 2026 a 1,381 sq ft home at $1,846 — the two highest per-foot prices since the sell-out, against a 2023 median of $1,212. Unit 204 sold for $1,900,000 in December 2024 and $2,595,000 in April 2026, the same home up 36.6% in sixteen months.
How much does a home at Marea sell for?
Across the ten qualified sales in the four years to August 2026 the building cleared a median $1,335 per square foot, in a band from $1,198 to $1,868, at a median price of $2,245,000. The two 2026 sales were at a median $1,857 per square foot.
Why is no four-year change published for Marea?
Because 2023 carries three qualified sales and 2026 two, both below the five I require at each end. The mechanical arithmetic would show a rise of more than 50%, which on five transactions is not a figure worth printing, so the building carries a dash in my Miami Condo Index.
How big are the homes at Marea?
From 872 sq ft to 2,788 sq ft, median 1,732, across 30 homes. The mix is 16 two-bedrooms, 11 three-bedrooms, two one-bedrooms and one four-bedroom. The county labels every unit as east or west, and no single floorplan carries more than four homes.
What is the highest price ever paid at Marea?
$7,900,000, on 14 October 2015, for a 2,748 sq ft home — $2,875 per square foot. It is a sell-out price, it has stood for eleven years, and it is 54% above anything the resale market has achieved since, so it should not be used as a benchmark.
How often do homes at Marea change hands?
Often, for a building this size. The county records ten qualified sales in the four years to August 2026 against 30 homes — about one home in 12 a year, twice the median of one in 24 across the buildings in my Miami Condo Index.
Sources and further reading
Interested in selling at Marea South Beach?
Learn more about selling your condo at Marea with Josh Stein.
Related coverage
Part of Miami Luxury Condos.