# Magnolia

As of 2026-10-09, Magnolia in South Beach has 1 units for sale at a median asking price of $720K ($649/sqft); 1 units sold in the last 12 months.

Magnolia is a boutique condominium building in the heart of South Beach.

## Key facts

| | |
|---|---|
| Address | 1005 8th St |
| Neighborhood | South Beach |
| Year built | 1997 |
| Floors | 4 |
| Units | 13 |
| Waterfront | no |
| Developer | 5 S Industries, Inc. |
| For sale | 1 |
| Pending | 0 |
| Median asking price | $720,000 |
| Median asking $/sqft | $649/sqft |
| Sold, last 12 months | 1 |
| Median sold $/sqft, 12 months | $600/sqft |
| Months of inventory | 12.0 |
| Median HOA | $1,050/mo |
| Parking | Assigned, gated, and covered parking in a secured garage. |

## Own Miami measures

- **own.miami Building Score: 72 (A−)**
  - Value: 82 — $649/sqft — vs. South Beach condos, then all of Miami
  - Momentum: 50 — Recent price trend
  - Liquidity: 62 — 12.0 months of supply · 24 days on market
  - Health: 100 — Public records checked — no liens, lawsuits or complaints on file
  - Waterfront: 55 — Not waterfront
  - Age: 47 — Built 1997 — vs. South Beach buildings
- **Own Miami Condo Index: 100** (market; 100 = the market-median building, 200 = twice its $/sqft; rank 351 of 698 tracked Miami condos)
- **Financeability Index: 27** (cash; 12-month window, 0 recorded mortgages, — of sales bank-financed, lowest down payment —, as of 2026-10-31)
- Special-assessment outlook: elevated (next structural milestone inspection due 2032)

## Building health (verified public records)

- Public records checked 2026-10-30: no liens, lawsuits or regulatory complaints found
- Legal & regulatory: 0 material cases active, 0 disputes active, 0 DBPR complaints (36 months) (2026-10-30)

## Frequently asked questions

**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..

## Related pages

- [South Beach — neighborhood guide](https://own.miami/south-beach)
- [All units for sale at Magnolia](https://own.miami/buildings/magnolia/for-sale)
- [The Waverly at South Beach](https://own.miami/buildings/the-waverly-at-south-beac)
- [The Meridian](https://own.miami/buildings/the-meridian)
- [West Bay Plaza](https://own.miami/buildings/west-bay-plaza)
- [Bayview Plaza](https://own.miami/buildings/bayview-plaza)

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Source: Own.Miami — https://own.miami · data as of 2026-10-09
Canonical page: https://own.miami/buildings/magnolia
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