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Monterrey

1611 Michigan Ave, Miami Beach, FL, 33139
Market data compiled by Andres Jara, Licensed Real Estate Broker · Douglas Elliman · Data updated September 16, 2026
27
RESIDENCES
3
STORIES
1938
YEAR BUILT
$175K – $265K+
VALUE RANGE

Monterrey is a 3-story condominium in Miami Beach, completed in 1938, with 27 residences. Residences range from $175K to $265K.

Available Residences at Monterrey

1 Bedroom Condos · 2 units

UnitAsking PriceBed(s)/Bath(s)Living SizePrice/Sq.Ft.Days on Market
19$265,0001 / 1700$379401
25$215,0001 / 1446$482437

Studios · 3 units

UnitAsking PriceBed(s)/Bath(s)Living SizePrice/Sq.Ft.Days on Market
10$200,0000 / 1538$37266
21$195,0000 / 1478$408205
24$175,0000 / 1491$35622
Neighborhood
South Beach

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ANALYTICS

All analytics are based on closed sales from the last 36 months.

CURRENT INVENTORY

5
Active Listings
▲ 25% vs last month
Avg List Price
$210K
Avg Days on Market
226

INVENTORY BY BEDROOM

  • 0 Bed (3) 60%
  • 1 Bed (2) 40%
Building vs. Market
65% discount to Miami Beach
Trades at a 65% discount to the Miami Beach average ($314 vs $885/sqft) — potential relative value for buyers.

INVENTORY TREND (ALL UNITS)

630Oct '25Feb '26Jun '26
1
New Listings
last 3 months
$314
Avg Sale $/SqFt
last 36 months
Months of Supply
0
Sold
last 12 months

Market & Community Report

As of September 16, 2026, Monterrey carries 5 active listings at an average asking price of $210K, with an average time on market of 226 days. Closed sales over the preceding 36 months averaged $314 per sq ft, and 0 transactions closed in the past 12 months — implying — months of supply against the current pace of absorption.

Zip code 33139 (Miami Beach) is home to 34,406 residents with a median age of 42.1. Per-capita income stands at $88,782; 55.4% hold a bachelor's degree or higher. 33.9% of units are owner-occupied; 26.7% of residents work from home.

Data current as of September 16, 2026. Market metrics derived from MLS closed sales; community data from U.S. Census ACS.

Frequently Asked Questions — Monterrey

How many condos are for sale at Monterrey?

As of September 16, 2026, 5 residences are actively listed for sale at Monterrey. Current asking prices range from $175K to $265K. Inventory updates daily from the MLS.

How much do condos at Monterrey cost?

Condos at Monterrey are currently asking from $175K to $265K. Over the past 36 months, closed sales have averaged $314 per square foot. Final pricing varies by floor, line, square footage, finishes, and view.

What is the average price per square foot at Monterrey?

Based on MLS closed sales over the preceding 36 months, the average sale price at Monterrey is $314 per square foot. Use this as a benchmark when comparing active listings in the building.

Where is Monterrey located?

Monterrey is located at 1611 Michigan Ave, Miami Beach, FL, 33139, in the South Beach area.

What neighborhood is Monterrey in?

Monterrey is in South Beach, Miami Beach. You can compare every condo building, home inventory, and price trend across South Beach on its neighborhood guide.

How many units are in Monterrey?

Monterrey has 27 residences across 3 stories.

What year was Monterrey built?

Monterrey was completed in 1938.

What amenities does Monterrey offer?

Monterrey amenities include Laundry.

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