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Art Week Score 58 · #103 in South Beach
#103 in South Beach · #140 in Miami
Nearest: What Water Remembers, 0.4 mi away
For sale
0
0 pending
Sold, 12 months
3
6 recorded sales
Last sale
$490K
Aug 31, 2026
Last sale, per sqft
$495/sqft
$520/sqft sold, 12 mo
Stay ahead
No units for sale right now
3 sold in the last 12 months. Get an email the moment a unit lists here — and our team will reach out so you can move first.
Off-market and pocket listings never hit the portals. Ask us — we know who is thinking of selling.
Sails is a boutique building featuring only 52 units situated in a quiet residential neighborhood in the heart of South Beach. The property is located within walking distance of Lincoln Road and is just blocks away from various restaurants and bars.
The building offers a pool and is situated in a prime location near Sunset Harbour, beaches, dining, and shopping. Residents have access to a private balcony with views of lush palms and serene surroundings.
Live near more of Miami
What surrounds Sails: seasonal events, annual programs and lifestyle indexes, measured from the building.
Publix IndexLive now
53 / 100
Nearest Publix: Publix at Publix Super Market, 0.7 mi
#110 in South Beach · #383 in Miami
Excellent urban planning.
3 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
81
/ 100
A
own.miami Score
A data-grounded score for Sails from live market data — value, momentum, liquidity, building health, waterfront and age. Computed, not opinion.
Value92
$520/sqft — vs. South Beach condos, then all of Miami
Momentum50
Recent price trend
Liquidity94
0.0 months of supply
Health100
Verified records on file — nothing adverse
Waterfront55
Not waterfront
Age53
Built 1999 — vs. South Beach buildings
own.miami Condo Index
93At market100 = the median Miami condo building's price per sq ft; 200 = twice it.
Rank
#402 of 698 tracked Miami condos
Top 58% by price per sq ft
#94 of 121 in South Beach
Momentum
→ Steady
$520/sqft median ask
Liquidity
Hot
Inventory
$590,000Aug 14, 2026
2 bd · 2 ba · 990 sqft
1401 Bay Rd #409
Listing courtesy of One Sotheby's International Realty, Reid Heidenry (Lic. #3194322) · MLS #A12037487
$490,000Aug 31, 2026
2 bd · 2 ba · 990 sqft
1401 Bay Rd #412
Tenant occupied
Listing courtesy of Fortune International Realty, Francis Hawley (Lic. #3327034) · MLS #A11995682
$515,000Jun 16, 2026
2 bd · 2 ba · 990 sqft
1401 Bay Rd #405
Listing courtesy of One Sotheby's International Realty, Ashley Boyd (Lic. #3506047) · MLS #A11927980
$750,000May 20, 2025
2 bd · 2 ba · 1,040 sqft
1401 Bay Rd #506
Listing courtesy of Douglas Elliman, Alena Pisani (Lic. #3396675) · MLS #A11783876
$499,000Dec 18, 2024
2 bd · 2 ba · 990 sqft
1401 Bay Rd #213
Listing courtesy of One Sotheby's International Re, Michael Glowa (Lic. #3575430) · MLS #A11678326
$530,000Feb 5, 2025
2 bd · 2 ba · 990 sqft
1401 Bay Rd #410
Listing courtesy of Sterling Equity Realty LLC, Adanna Becker (Lic. #3116023) · MLS #A11654434
Sold $/sqft trend
3-month rolling median of closed sales in Sails; bars are closings per month.
Location
Nearby buildings within half a mile.
Building facts
- Address
- 1401 Bay Rd
- Year built
- 1999
- Floors
- 5
- Residences
- 52
- Developer
- Bay Road Venture, Inc.
- Waterfront
- No
Amenities
- · Pool
- · Restrooms in the pool area
Building rules
- Parking
- The gated community includes one covered assigned parking space.
Special assessments & recertification outlook
ElevatedPublic records checked Oct 31, 2026: no liens, lawsuits or regulatory complaints found for the association.
Verified records
- PositiveBank financingOct 31, 2026
Regulated lenders recorded 2 purchase or refinance loans on this building in the last 12 months, financing 67% 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 63/100.
Source: Miami-Dade Clerk official records
- Built 1999 — past its first structural milestone; next inspection around 2034
Estimated from Sails’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 Sails: recorded purchase mortgages, the down payments they accepted, and the programmes in use.
Regulated lenders are writing purchase loans here at ordinary down payments — their due diligence on reserves, insurance and litigation, verified by the public record.
- Mortgages recorded, 12 months
- 3
- 2 from banks and credit unions · purchases and refinances
- Sales bank-financed
- 67%
- 3 recorded sales, 12 months · Resales only
- Average down payment
- 25%
- Lowest down payment accepted
- 20%
Loan programmes, 24 months:Conventional 2Private lenders 1
Medium confidence · 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
- 3.6 ft
- Lowest nearby street
- 1.1 ft
- Highest predicted tide, 2026
- 1.0 ft
Elevations in feet above the NAVD88 datum.
The lowest street next to this building sits 0.1 ft above this year’s highest predicted tide (Oct 27, 2026). Tides that run higher than predicted can reach streets this low.
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
No civil cases involving the association were found on the Miami-Dade docket in the last five years.
DBPR registration PR1S023526 · 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
When was Sails built?+
Sails was built in 1999, 5 stories, 52 residences.
Who developed Sails?+
Sails was developed by Bay Road Venture, Inc..
Stay ahead
Interested in Sails?
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If you like Sails, compare
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