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+4 photosLuxury home — 1661 West Avenue · Miami Beach









$4,590,000
1661 West Avenue, Miami Beach, FL 33139
Miami Beach, FL, 33139
— bd · 0 ba · 3,589 sqft
Listed by Shaptown Professional Services Corp
1661 West Avenue, Miami Beach, FL 33139
Listed by Shaptown Professional Services Corp
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Estimated monthly payment
$32,119/mo
Know your costs before you buy
Work through three numbers: your estimated monthly payment, the cash needed at closing, and insurance & flood.
Estimated monthly payment $32,119/mo · principal, interest, taxes, insurance and HOA. Verify before you buy.
Cash to close includes the down payment, lender and title costs, taxes, insurance prepayments and escrow deposits. Editable estimate only.
Insurance and flood: AE · verify insurance quotes before buying.
About this home
Find similar homes1661 West Avenue presents a premier acquisition opportunity in the heart of a resilient corridor in Miami Beach. Anchored by the United States Postal Service (USPS), the asset provides immediate sovereign credit cash flow. Beyond NOI, this site offers a rare canvas for a visionary investor to shape the future of Miami Beach, contributing to the continued evolution and sophistication of this world-class destination.Credit-Tenant Stability: Current operations are anchored by the USPS, providing a recession-resistant income stream and notable downside protection.Infrastructure Injection: The site is a beneficiary of "The Public Infrastructure Injection" ("The Miami Beach Phase II"). This includes comprehensive street raising and modernized utility mains, designed to enhance long-term property resilience and value.Strategic Potential: Located within an established and evolving corridor, the property is positioned for a transformative play, leveraging its proximity to national retailers and the ongoing revitalization of the West Avenue district.Connectivity: The site is steps from the Lincoln Road Mall, Venetian Causeway, and Trader Joe's. The information contained in this Offering Memorandum ("OM") or otherwise is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from SHAPTOWN and should not be made available to any other person or entity without the written consent of SHAPTOWN. This OM has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. SHAPTOWN has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB's or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans to continue its occupancy of the subject property. The information contained in this OM has been obtained from sources we deem reliable; however, SHAPTOWN has not verified, and will not verify, any of the information contained herein, nor has SHAPTOWN conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein. This OM contains certain forward-looking statements and projections regarding potential future development and financial performance. These statements are based on current market conditions and assumptions which are subject to significant uncertainty. Actual results may vary materially from those projected. Any references to specific development potential, density, or use—including hospitality, high-street retail, or residential visions—are based on preliminary internal studies and are for conceptual purposes only. Zoning and entitlements are not guaranteed, and prospective purchasers must consult with their own land-use counsel, architects, and municipal officials to determine the feasibility of any specific project. Current property tax and insurance figures are provided for historical context only; a sale of the property may trigger a reassessment by the Miami-Dade County Property Appraiser, which may result in a significant increase in annual holding costs. Please note that certain architectural renderings, environmental visuals, or property enhancements included in this document may have been created or modified using Artificial Intelligence (AI) tools. These visuals are intended for conceptual and illustrative purposes only and may not represent the current or exact physical state of the property. The subject property is currently occupied by a federal tenant, and access to the property and the disclosure of lease terms may be subject to federal security protocols. No party shall attempt to contact the tenant, its employees, or its representatives directly. ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. SHAPTOWN does not grant any buyer, agent, or third party the authorization to tour, enter, or loiter on the property grounds without express prior written consent from SHAPTOWN. Unauthorized site visits are strictly prohibited and may be considered trespassing or a violation of federal tenant security protocols. Please consult your SHAPTOWN agent for more details.
Why we flagged this one
A transparent review of current MLS facts—not a paid placement.
Price reduced 10%
The seller has come down from $5,100,000 to $4,590,000 — a $510,000 reduction since it came on the market.
204 days on market
Longer time on market usually means the seller is more open to negotiating on price and terms.
Price reductions and days on market come from this listing's MLS record. This is an initial market signal, not a formal appraisal or full comparable market analysis.
Property Details
Your costs (est.)
≈ $32,119/mo
1661 West Avenue, Miami Beach, FL 33139 · Miami Beach
Location
1661 West Avenue, Miami Beach, FL 33139
What buyers ask about this home
What are the estimated monthly carrying costs at 1661 West Avenue, Miami Beach, FL 33139?+
Property tax (after sale): $7,018/month est.; homeowners insurance: $1,285/month est.; HOA: $0/month. Fixed ownership costs before a mortgage: $8,303/month est. Principal and interest: $23,817/month; PMI: $0/month. Total for the payment scenario shown: $32,119/month est. Flood insurance is not included. Estimate only, not guaranteed. Verify before you buy or sell.
Will property taxes go up after I buy 1661 West Avenue, Miami Beach, FL 33139?+
Usually yes. In Florida the assessed value resets to market value in the year after a sale, so the seller's current tax bill is rarely what a new owner pays. Budget roughly 1.8–2.0% of the purchase price annually until you file for homestead exemption and the Save Our Homes cap (or the 10% non-homestead cap) starts limiting increases.
Does 1661 West Avenue, Miami Beach, FL 33139 need flood insurance, and what drives the premium?+
Most of Miami Beach sits in a FEMA flood zone, and lenders require flood coverage in high-risk zones. Premiums are driven by elevation certificate, flood zone, roof age and shape, and whether the home has impact windows or accordion shutters. Ask for the current declarations page, the four-point inspection and wind mitigation report early — they set your real cost of ownership.
What should an inspection focus on for a home like 1661 West Avenue, Miami Beach, FL 33139?+
In coastal South Florida, prioritize roof age and permit history, whether windows and doors are impact-rated, the seawall and dock condition on waterfront lots, drainage and elevation, plumbing type (cast iron and polybutylene are common in homes of this era), and any open or expired permits with the city. These items, not cosmetics, drive both price and insurability.
Is there room to negotiate on 1661 West Avenue, Miami Beach, FL 33139?+
This listing has been on the market 204 days. Leverage comes from days on market, price history, comparable closed sales and the seller's motivation — not from a fixed percentage. I pull the full history and the true comps before we write, so the offer is built on what the property is actually worth today. Call or text (954) 562-1798 for that analysis.
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