# Sails

As of 2026-09-02, Sails in South Beach has 0 units for sale at a median asking price of — (—); 3 units sold in the last 12 months.

Sails is a boutique condominium building located in the heart of Miami Beach.

## Key facts

| | |
|---|---|
| Address | 1401 Bay Rd |
| Neighborhood | South Beach |
| Year built | 1999 |
| Floors | 5 |
| Units | 52 |
| Waterfront | no |
| Developer | Bay Road Venture, Inc. |
| For sale | 0 |
| Pending | 0 |
| Sold, last 12 months | 3 |
| Median sold $/sqft, 12 months | $520/sqft |
| Months of inventory | 0.0 |
| Parking | The gated community includes one covered assigned parking space. |

## Own Miami measures

- **own.miami Building Score: 81 (A)**
  - Value: 92 — $520/sqft — vs. South Beach condos, then all of Miami
  - Momentum: 50 — Recent price trend
  - Liquidity: 94 — 0.0 months of supply
  - Health: 100 — Verified records on file — nothing adverse
  - Waterfront: 55 — Not waterfront
  - Age: 53 — Built 1999 — vs. South Beach buildings
- **Own Miami Condo Index: 93** (market; 100 = the market-median building, 200 = twice its $/sqft; rank 402 of 698 tracked Miami condos)
- **Financeability Index: 63** (good; 12-month window, 3 recorded mortgages, 67% of sales bank-financed, lowest down payment 20%, as of 2026-10-31)
- Special-assessment outlook: elevated (next structural milestone inspection due 2034)

## Building health (verified public records)

- Public records checked 2026-10-31: no liens, lawsuits or regulatory complaints found
- positive: Bank financing — 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. (2026-10-31)
- Legal & regulatory: 0 material cases active, 0 disputes active, 0 DBPR complaints (36 months)

## Frequently asked questions

**When was Sails built?**

Sails was built in 1999, 5 stories, 52 residences.

**Who developed Sails?**

Sails was developed by Bay Road Venture, Inc..

## Related pages

- [South Beach — neighborhood guide](https://own.miami/south-beach)
- [All units for sale at Sails](https://own.miami/buildings/sails/for-sale)
- [Continuum On South Beach](https://own.miami/buildings/continuum-on-south-beach)
- [The Floridian](https://own.miami/buildings/the-floridian)
- [The Waverly at South Beach](https://own.miami/buildings/the-waverly-at-south-beac)
- [The Meridian](https://own.miami/buildings/the-meridian)

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Source: Own.Miami — https://own.miami · data as of 2026-09-02
Canonical page: https://own.miami/buildings/sails
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