# Bayview Terrace

As of 2026-11-01, Bayview Terrace in South Beach has 8 units for sale at a median asking price of $370K ($485/sqft); 9 units sold in the last 12 months.

Bayview Terrace is a recently renovated waterfront condominium located in the West Avenue corridor of South Beach.

## Key facts

| | |
|---|---|
| Address | 1228 West Ave |
| Neighborhood | South Beach |
| Year built | 1971 |
| Floors | 14 |
| Units | 195 |
| Waterfront | yes |
| For sale | 8 |
| Pending | 2 |
| Median asking price | $370,000 |
| Median asking $/sqft | $485/sqft |
| Sold, last 12 months | 9 |
| Median sold $/sqft, 12 months | $505/sqft |
| Months of inventory | 10.7 |
| Median HOA | $832/mo |
| Parking | The building offers assigned covered garage parking. |

## Own Miami measures

- **own.miami Building Score: 59 (B)**
  - Value: 68 — $485/sqft — vs. South Beach condos, then all of Miami
  - Momentum: 3 — -27.4% $/sqft over 6 months
  - Liquidity: 43 — 10.7 months of supply · 123 days on market
  - Health: 100 — Verified records on file — nothing adverse
  - Waterfront: 90 — Waterfront building
  - Age: 20 — Built 1971 — vs. South Beach buildings
- **Own Miami Condo Index: 78** (value; 100 = the market-median building, 200 = twice its $/sqft; rank 541 of 698 tracked Miami condos)
- **Financeability Index: 67** (good; 12-month window, 4 recorded mortgages, 44% of sales bank-financed, lowest down payment 20%, as of 2026-10-31)
- Special-assessment outlook: watch (next structural milestone inspection due 2026)

## Building health (verified public records)

- Public records checked 2026-10-26: no liens, lawsuits or regulatory complaints found
- positive: Bank financing — Regulated lenders recorded 4 purchase or refinance loans on this building in the last 12 months, financing 44% of its recorded sales, and accepted a down payment as low as 20%. A bank writing a condominium loan has just checked the building's reserves, insurance, litigation and owner-occupancy against its own standards — verified due diligence, read from the public record. Financeability Index 67/100. (2026-10-31)
- info: Special assessment reported as paid — noted on 2 listings (2026-02-03)
- positive: 40-year recertification completed (2026-02-03)
- Legal & regulatory: 1 material cases active, 0 disputes active, 2 DBPR complaints (36 months) (2026-09-17)

## Frequently asked questions

**How much do condos at Bayview Terrace cost?**

There are 8 condos for sale at Bayview Terrace, from $299,000, with a median asking price of $370,000 ($485/sqft).

**How much are the HOA fees at Bayview Terrace?**

HOA / maintenance fees at Bayview Terrace run around $832 per month among units currently for sale; the exact fee varies by unit size and line, so confirm the current amount with the listing or the condo association.

**Is Bayview Terrace a waterfront building?**

Yes — Bayview Terrace is a waterfront building (South Beach).

**When was Bayview Terrace built?**

Bayview Terrace was built in 1971, 14 stories, 195 residences.

## Related pages

- [South Beach — neighborhood guide](https://own.miami/south-beach)
- [All units for sale at Bayview Terrace](https://own.miami/buildings/bayview-terrace/for-sale)
- [Mirador 1000](https://own.miami/buildings/mirador-1000)
- [Mirador 1200](https://own.miami/buildings/mirador-1200)
- [Mirasol Ocean Towers](https://own.miami/buildings/mirasol-ocean-towers)
- [South Bay Club](https://own.miami/buildings/south-bay-club)

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Source: Own.Miami — https://own.miami · data as of 2026-11-01
Canonical page: https://own.miami/buildings/bayview-terrace
License: CC BY 4.0 — https://creativecommons.org/licenses/by/4.0/
Methodology: https://own.miami/methodology · For AI assistants: https://own.miami/for-ai