Miami Art Week 2026Upcoming
9 exhibitions within 1 mile
Art Week Score 59 · #96 in South Beach
#96 in South Beach · #127 in Miami
Nearest: Modern Design Across Borders, 0.4 mi away
For sale
1
0 pending · 12.0 mo supply
Median asking
$720K
from $720K
Median $/sqft
$649/sqft
$600/sqft sold, 12 mo
Days on market
24
37 to sell · 1 in 12 mo
Magnolia is a well-maintained 13-unit boutique building located in South Beach. The property is characterized by its light-filled atmosphere and a sense of tranquility while remaining in close proximity to local dining, shops, and the beach.
The building is in excellent condition with a responsible association. It features a gated entry and is situated near various local amenities including parks and a public pool.
Live near more of Miami
What surrounds Magnolia: seasonal events, annual programs and lifestyle indexes, measured from the building.
Publix IndexLive now
74 / 100
Nearest Publix: Publix at Fifth & Alton, 0.2 mi
#16 in South Beach · #82 in Miami
Neighbors. The cashier knows your name.
1 Publix stores nearby
Distances are straight-line, not walking or driving.
Getting around
South Beach is a walkable urban neighborhood. Transit, parks, dining and landmarks within reach:
Ocean DriveLincoln RoadSouth Pointe ParkMiami Beach BoardwalkEspañola Way
72
/ 100
A−
own.miami Score
A data-grounded score for Magnolia from live market data — value, momentum, liquidity, building health, waterfront and age. Computed, not opinion.
Value82
$649/sqft — vs. South Beach condos, then all of Miami
Momentum50
Recent price trend
Liquidity62
12.0 months of supply · 24 days on market
Health100
Public records checked — no liens, lawsuits or complaints on file
Waterfront55
Not waterfront
Age47
Built 1997 — vs. South Beach buildings
own.miami Condo Index
100At market100 = the median Miami condo building's price per sq ft; 200 = twice it.
Rank
#351 of 698 tracked Miami condos
Top 50% by price per sq ft
#83 of 121 in South Beach
Momentum
→ Steady
$649/sqft median ask
Liquidity
Hot
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Inventory
Sold $/sqft trend
3-month rolling median of closed sales in Magnolia; bars are closings per month.
Location
Nearby buildings within half a mile.
Building facts
- Address
- 1005 8th St
- Year built
- 1997
- Floors
- 4
- Residences
- 13
- Developer
- 5 S Industries, Inc.
- Waterfront
- No
Amenities
- · Elevator
- · Security
Building rules
- Parking
- Assigned, gated, and covered parking in a secured garage.
Special assessments & recertification outlook
ElevatedPublic records checked Oct 30, 2026: no liens, lawsuits or regulatory complaints found for the association.
- Built 1997 — past its first structural milestone; next inspection around 2032
Estimated from Magnolia’s age and signals in active listings — not an official inspection or reserve report. Always verify the building’s milestone-inspection status and reserves with the association before buying.
Financeability
What the banks say about Magnolia: recorded purchase mortgages, the down payments they accepted, and the programmes in use.
- Mortgages recorded, 12 months
- 0
- 0 from banks and credit unions · purchases and refinances
- Sales bank-financed
- —
- 1 recorded sales, 12 months · Resales only
- Average down payment
- —
- Lowest down payment accepted
- —
Low confidence — few loans · As of 2026-10-31
Source: Miami-Dade County official records and the FHA/VA approval lists. Aggregates only; individual instruments are never shown. Compare with South Beach
Flooding and storm surge
Public flood data at this building’s location, read Oct 22, 2026.
- FEMA flood zone
- Zone AE: high-risk area. FEMA maps a 1% yearly chance of flooding here.
- Base flood elevation on the map: 8.0 ft (NGVD29).
- Hurricane evacuation zone
- Zone B
- Miami-Dade storm surge planning zones run from A (called first) to E. The county decides which zones evacuate in a storm.
- Ground at the building
- 2.5 ft
- Lowest nearby street
- 2.5 ft
- Highest predicted tide, 2026
- 1.0 ft
Elevations in feet above the NAVD88 datum.
The lowest street next to this building sits 1.5 ft above this year’s highest predicted tide (Oct 27, 2026).
Estimated from public data, not a flood determination. Check the FEMA flood map and an elevation certificate for this building.
Legal & Regulatory
No material litigation foundCivil court cases involving the condominium association, classified by what they are about. Routine collections against individual owners are counted separately and do not affect the building’s standing.
- Active material lawsuits
- 0
- Owner / association disputes
- 0
- Routine collection cases
- 0
- DBPR complaints
- 0
- Open DBPR complaints
- 0
- Contractor / vendor disputeClosedassociation as defendant · Filed Jun 2023
A service company filed a lawsuit against the condominium association involving a contract and indebtedness claim. The case has proceeded through discovery, including requests for production, interrogatories, and motions for extensions of time. The parties have exchanged witness and exhibit lists as of early 2024.
Source: Miami-Dade Clerk civil docket, summarized by own.miami
No civil cases involving the association were found on the Miami-Dade docket in the last five years.
DBPR registration PR1S023723 · Approved,Recorded. Public complaints on record with the Florida Division of Condominiums; investigations are confidential and not counted.
Court records are matched to the association by name and summarized by us; a case is a claim, not a finding. Ask the association for its litigation disclosure before buying.
Frequently asked
How much do condos at Magnolia cost?+
There are 1 condos for sale at Magnolia, from $720,000, with a median asking price of $720,000 ($649/sqft).
How much are the HOA fees at Magnolia?+
HOA / maintenance fees at Magnolia run around $1,050 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.
When was Magnolia built?+
Magnolia was built in 1997, 4 stories, 13 residences.
Who developed Magnolia?+
Magnolia was developed by 5 S Industries, Inc..
Stay ahead
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If you like Magnolia, compare
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16 for salefrom $485K$748/sqft
The Meridian
2001 Meridian Ave · 2005 · 11 floors
14 for salefrom $220K$745/sqft
West Bay Plaza
1688 West Ave · 1995 · 14 floors
7 for salefrom $360K$671/sqft
Bayview Plaza
1621 Bay Rd · 1997 · 14 floors
2 for salefrom $449K$544/sqft
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