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Rare waterfront opportunity on prestigious Prairie Ave in Miami Beach. Situated on a 12,150 SF lot with ocean access via canal, this property offers the unique combination of immediate livability and exceptional long-term potential. The existing 4,400 SF residence features a spacious and functional floor plan with expansive open living areas complemented by several distinct spaces for entertaining, relaxing, and everyday living. A large kitchen, generous utility room, and well-proportioned layout provide comfort and flexibility for both full-time residents and seasonal owners. The home can be enjoyed immediately as a comfortable waterfront residence while also presenting outstanding future opportunities to renovate, expand, or create a custom luxury estate over time. Surrounded by premier waterfront homes and ideally located near beaches, houses of worship, top schools, shopping, and dining, this is an exceptional opportunity to secure a sizable waterfront property in one of Miami Beach’s most desirable residential neighborhoods. Listing broker is an owner of this property.
| Address | Unit # | Price | %Chng | Bed/Bath | Square Feet | Square m2 | Maint/$ |
|---|---|---|---|---|---|---|---|
| 535 W 51st St | $1,900,000 | 5.56% | 3/2 | 1,702 | 158 | $0 | |
| 4531 Sheridan Ave | $2,095,000 | 4/2 | 1,855 | 172 | $0 | ||
| 4575 Post Ave | $2,190,000 | 4/4 | 2,783 | 259 | $0 | ||
| 4500 Sheridan Ave | $2,295,000 | 3/2 | 1,554 | 144 | $0 | ||
| 736 W 51 st | $2,300,000 | 3/2 | 2,017 | 187 | $0 | ||
| 739 Lakeview Dr | $2,350,000 | 3/2 | 1,774 | 165 | $0 | ||
| 719 W 51st St | $2,499,000 | 5/3 | 2,363 | 220 | $0 | ||
| 435 W 43rd St | $2,500,000 | 4/3 | 2,320 | 216 | $0 | ||
| 4490 Royal Palm Ave | $2,699,000 | 4/3 | 2,384 | 221 | $0 | ||
| 4557 N Jefferson Ave | $2,895,000 | 6/7 | 3,350 | 311 | $0 | ||
| 4316 Sheridan Ave | $3,000,000 | 3/3 | 1,953 | 181 | $0 | ||
| 4595 N Jefferson Ave | $3,300,000 | 4/3 | 3,012 | 280 | $0 | ||
| 865 W 47th St | $3,395,000 | 5/5 | 0 | 0 | $0 | ||
| 4345 Alton Rd | $3,495,000 | 6/5 | 3,357 | 312 | $0 | ||
| 900 W 47th Ct | $3,500,000 | 3/3 | 1,881 | 175 | $0 |
| Unit # | Closed Date | Sold Price | List Price | Bed | Bath | Living Area | Days on Market |
|---|---|---|---|---|---|---|---|
| 05/13/2026 | $2,619,000 | $3,900,000 | 3 | 2 | 2,852 | 8 months | |
| 04/29/2026 | $1,749,000 | $1,815,000 | 4 | 4 | 2,481 | 2 months | |
| 04/27/2026 | $3,600,000 | $3,990,000 | 5 | 5 | 3,005 | 4 months | |
| 04/27/2026 | $2,825,000 | $3,590,000 | 4 | 3 | 3,727 | 5 months | |
| 03/16/2026 | $2,300,000 | $2,500,000 | 4 | 3 | 2,482 | 2 months | |
| 03/11/2026 | $205,000 | $229,000 | 3 | 2 | 1,170 | 2 months | |
| 01/29/2026 | $5,550,000 | $6,375,000 | 5 | 6 | 3,750 | 2 months |
http://www.magiccityrealtors.com/ is not responsible for the accuracy of the information listed above. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program and the South East Florida Regional MLS and is provided here for consumers personal, non-commercial use, It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real Estate listings held by brokerage firms other than the office owning this web site are marked with the IDX logo. Data provided is deemed reliable but not guaranteed. Listing provided by Kenneth Goldring R.E. Broker
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