Building facts
- Address
- 300 S. Pointe Drive
- Neighborhood
- South of Fifth
- Year built
- 1996
- Floors
- 44
- Residences
- 206
- Status
- Completed
- Developer
- Related Group
- Architect
- Sieger-Suarez
- Pricing
- Starting at $1.4 Million
Verified 3 August 2026Miami-Dade County Property Appraiser1 source
Aerial view of Portofino Tower
Aerial view of Portofino Tower in South Beach
Aerial view of Portofino Tower in South Beach
Aerial view of Portofino Tower in South Beach
Key Takeaways
- The county record will not support a price trend here, and I am not going to invent one — the two best-evidenced floorplates have moved in opposite directions three years running.
- The building’s record price was set in December 2015 and still stands — $11,000,000 for a 5,680 square foot residence — unbeaten in more than ten years.
- One home in the record sold twice, cleanly — $8,800,000 in April 2023 and $9,500,000 in January 2026 — the same 5,450 square feet, up 8.0%.
- Turnover is low — 34 qualified sales in four years — about one home in twenty-five each year, which is why the evidence is thin despite the building’s size.
- 216 residences, 97 of them three-bedrooms — running from 1,090 to 8,400 square feet with a median of 2,340.
- The 2026 assessed values run $470,601 to $11,104,119 — with a median of $2,037,330.
Portofino Tower, by the numbers
Developer: Related Group · Architect: Sieger-Suarez · Starting at $1.4 Million. Source: the building record on this site.
300 S. Pointe Drive, Miami Beach, Florida 33139 | Neighborhood: South of Fifth
What is actually inside the building
The Miami-Dade County Property Appraiser holds 217 folios at 300 South Pointe Drive under the Portofino Tower declaration, 216 of them residences. A further folio at the same address belongs to a different subdivision entirely and is excluded from every figure on this page.
This is a three-bedroom building more than anything else: 97 three-bedrooms, 86 two-bedrooms, 20 one-bedrooms, seven four-bedrooms, five five-bedrooms and one home the county records with nine. Heated area runs 1,090 to 8,400 square feet, with a median of 2,340.
Four floorplates carry most of it: 2,340 square feet (72 homes), 2,040 (57), 2,550 (22) and 1,960 (21).
The 2026 assessed values run $470,601 to $11,104,119, with a median of $2,037,330.
The price record
Qualified, arm’s-length sales from the county record, retrieved 21 August 2026.
| Year | Qualified sales | Median price | Median $/sq ft |
|---|---|---|---|
| 2023 | 10 | $3,480,000 | $1,426 |
| 2024 | 6 | $2,675,000 | $1,226 |
| 2025 | 12 | $2,600,000 | $1,211 |
| 2026 to date | 6 | $3,122,500 | $1,531 |
Thirty-four qualified sales across four years in a 216-home building — about one home in twenty-five trading each year. That is low turnover for a building of this size, and it is the reason the rest of this page is more careful than most.
Two things in the record are solid, and they are worth having. The highest price ever recorded here is $11,000,000, on 29 December 2015, for a 5,680 square foot residence — $1,937 per square foot. More than ten years later it has not been beaten. The closest since is $9,500,000.
And there is one clean repeat sale, which is the most useful single data point on this page. The same 5,450 square foot home sold for $8,800,000 on 10 April 2023 and $9,500,000 on 23 January 2026 — up 8.0% in under three years. Same home, same folio, both qualified: no mix effect, no interpretation required.
Why I will not tell you which way this building is moving
Read the table above and 2026 looks like a strong recovery — $1,211 per square foot in 2025 up to $1,531. I do not believe that, and here is the evidence for why not.
| Floorplate | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|
| 2,340 sq ft (72 homes) | $1,479 | $1,154 | $1,421 | $1,303 |
| 2,040 sq ft (57 homes) | $1,078 | $1,299 | $931 | $1,531 |
These are the two deepest cohorts in the building — 129 of the 216 homes between them, 24 qualified sales — and they contradict each other in every single year. When the 2,340 plate fell in 2024, the 2,040 plate rose. When the 2,340 recovered in 2025, the 2,040 fell by nearly a third. In 2026 they cross again.
That is not a market moving. That is a small number of transactions in a building where individual homes differ enormously — by floor, by line, by view, by whether anyone has touched the kitchen since 1997. Six sales a year across a 216-home tower cannot separate those things from price, and any figure I quoted as a trend would be an artefact of which three or four homes happened to sell.
So my honest reading is this: the county record shows Portofino Tower trading somewhere in the $1,200 to $1,550 per square foot range across the last four years, with no direction I can establish. The single best-supported statement available is the repeat sale in the section above — one home, up 8.0% between April 2023 and January 2026.
A page that refuses to draw a trend is more useful than one that invents one, and this is a building where a confident number would be the wrong answer delivered convincingly.
Who this building suits
It suits a buyer who wants a large three-bedroom in South of Fifth and is prepared to underwrite the specific home rather than the building. The median residence here is 2,340 square feet and 97 of the 216 are three-bedrooms — there is real family-sized stock at an address most people know.
It suits a buyer who wants comparables badly. One home in twenty-five trades each year, and the two largest floorplates have disagreed with each other for three years running. If you are relying on recent sales to tell you what to pay, this building will not give you a clean answer — and any agent who quotes you a confident per-foot figure here is quoting you three or four transactions.
What I would do instead is price the specific line and floor against the closest matches available, treat the $1,200 to $1,550 range as the boundary rather than the answer, and take the negotiation seriously. Low turnover cuts both ways: it means less competition when you buy, and a longer wait when you sell.
If you are selling here, be realistic about how long it may take. Six to twelve qualified sales a year across the whole tower means your home is competing for a small pool of buyers, and pricing off the strongest recent comparable in a scattered record is the most common way an owner ends up sitting on the market. Ask me for the actual comparables on your line before you set a number.
Portofino Tower — Frequently Asked Questions
Are prices going up or down at Portofino Tower?
The county record does not answer that, and I would rather say so than guess. The two largest floorplates — 129 of the 216 homes between them — have moved in opposite directions in every year since 2023. The building has traded somewhere between roughly $1,200 and $1,550 per square foot across the period, with no direction I can establish from 34 sales.
What is the most expensive sale at Portofino Tower?
$11,000,000 on 29 December 2015, for a 5,680 square foot residence — $1,937 per square foot. It has not been beaten in more than ten years. The highest price since is $9,500,000, in January 2026.
Is there any clean evidence of what a home here is worth today?
One piece, and it is the best thing on this page. A 5,450 square foot home sold for $8,800,000 in April 2023 and for $9,500,000 in January 2026 — the same folio, both qualified sales, up 8.0%. That is a genuine like-for-like round trip with no mix effect in it.
How often do homes at Portofino Tower sell?
Rarely for a building this size: 34 qualified sales across 2023, 2024, 2025 and 2026 to date, in 216 homes — about one home in twenty-five each year. Low turnover is the single most important practical fact here, because it is why the price evidence is so thin.
How big are the homes at Portofino Tower?
From 1,090 to 8,400 square feet, with a median of 2,340. The mix is 97 three-bedrooms, 86 two-bedrooms and 20 one-bedrooms, plus a handful of larger homes. Four floorplates dominate: 2,340 square feet (72 homes), 2,040 (57), 2,550 (22) and 1,960 (21).
Should I buy at Portofino Tower?
As a large three-bedroom in South of Fifth it stands up, provided you underwrite the specific home rather than the building. Go in knowing that comparables are scarce and contradictory, that low turnover means a longer sale when you exit, and that anyone quoting you a confident price-per-foot for this tower is extrapolating from three or four transactions.
Sources and further reading
Portofino Tower at 300 South Pointe Drive is 44 storeys and 484 feet, the fourth-tallest building in Miami Beach, completed 1996 or 1997 depending on the source. Thomas Kramer’s Portofino Group with Related Group. Eight floor plans running from 1,000 to over 6,000 square feet, entered through a four-storey lobby. The last verified trade is unit 3501 at $8.8 million, 5,450 square feet, roughly $1,615 per foot, in April 2023. Note: no reliable source publishes a confirmed unit count — the commonly-repeated 208 could not be verified. And the $60 million assessment often attached to “Portofino” belongs to Murano at Portofino, a separate building.
Verified 3 August 2026. Source: The Real Deal, 14 Apr 2023
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