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+43 photosLuxury home — 419 Washington Avenue · Miami Beach
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Open property magazine$590,000
419 Washington Avenue, Miami Beach, FL 33139
Miami Beach, FL, 33139
— bd · — ba · 2,685 sqft
Listed by Villejust Brokerage LLC
419 Washington Avenue, Miami Beach, FL 33139
Listed by Villejust Brokerage LLC
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Estimated monthly payment
$4,389/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 $4,389/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: Zone not provided · verify insurance quotes before buying.
About this home
Find similar homesPrime South of Fifth Restaurant for Sale – Miami Beach. Exceptional Turnkey Opportunity in Miami Beach’s Most Desirable Neighborhood. In South of Fifth, the premier address in South Beach, this beautifully remodeled restaurant is just 300 meters from the beach and perfectly positioned for year-round success. Surrounded by multi-million-dollar condominiums, this location captures the very best of Miami Beach: vibrant energy, luxury living, world-class tourism, and constant foot traffic.Key Highlights:90 total seats (60 inside + 30 on a spacious outdoor terrace)Completely remodeled with a brand-new kitchen, new equipment, and new furnitureStrong existing reputation and impressive existing monthly income Full liquor license available via lease with reasonable monthly paymentsOne of the best (lowest) rents in all of South BeachCreated by some of Miami’s most established and successful restaurateursThis is a new but proven gem, already thriving and exceeding expectations. The current partners have decided to part ways and are motivated to sell, creating a rare opportunity for the right buyer to take over a turnkey, high-performing operation in one of the strongest restaurant markets in the country.If you are looking for a successful, beautifully designed, and incredibly well-located restaurant in South Beach with affordable rent and strong cash flow, this is the one.Serious inquiries only. Confidentiality assured.
Why we flagged this one
A transparent review of current MLS facts—not a paid placement.
Price reduced 21%
The seller has come down from $749,990 to $590,000 — a $159,990 reduction since it came on the market.
176 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.)
≈ $4,389/mo
419 Washington Avenue, Miami Beach, FL 33139 · Miami Beach
Location
419 Washington Avenue, Miami Beach, FL 33139
What buyers ask about this home
What are the estimated monthly carrying costs at 419 Washington Avenue, Miami Beach, FL 33139?+
Property tax (after sale): $902/month est.; homeowners insurance: $426/month est.; HOA: $0/month. Fixed ownership costs before a mortgage: $1,328/month est. Principal and interest: $3,061/month; PMI: $0/month. Total for the payment scenario shown: $4,389/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 419 Washington 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 419 Washington 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 419 Washington 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, and any open or expired permits with the city. These items, not cosmetics, drive both price and insurability.
Is there room to negotiate on 419 Washington Avenue, Miami Beach, FL 33139?+
This listing has been on the market 176 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.
Neighborhood & Commute
Miami Beach. Beachside neighborhoods with local dining, Lincoln Road shopping and connections across the causeways to Miami.
School assignment is set by the district and can change. Always confirm the zoned school with the district before you buy.
The home, in a magazine
A closer look at this home and its lifestyle — dedicated to you and your family.
Open the magazine
Simon Gedz
Realtor® since 1995
Interested in this property?
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