South of Fifth
The quiet southern tip of Miami Beach, below 5th Street.
The southern tip of Miami Beach below 5th Street: Continuum, Apogee and the Portofino towers on South Pointe, low-rise blocks between Ocean Drive and Alton Road, and South Pointe Park at the end of the island.
135 of 151 are priced $450K+ and browsable on own.miami; the stats above cover every condo for sale.
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The 37 buildings of South of Fifth
About South of Fifth
South of Fifth, SoFi to locals, is the part of Miami Beach below 5th Street, from the bay to the ocean and down to Government Cut. It is the quietest corner of South Beach: residential streets instead of the Ocean Drive strip, South Pointe Park and its pier at the tip, and some of the island's best known towers lined up along South Pointe Drive.
The tower row runs from Continuum on the ocean to Apogee, Marea, Portofino Tower and Murano at Portofino facing the cut, with ICON South Beach and Murano Grande on the bay side of Alton Road. Between them sit small low-rise condo buildings from the 1930s to the 2000s on Ocean Drive, Collins, Washington, Euclid and Meridian.
Where it sits
Is South of Fifth a buyer's or a seller's market?
Five standard market signals in one reading: 0 is a strong buyer's market, 100 a strong seller's.
Room to negotiate. Offers below asking are normal, and most listings will still be there next week.
Price to the sold comps, not to other asking prices, and be ready to negotiate.
Miami overall: 25 · Buyer's market — 12 points more seller-friendly than Miami overall
What's behind the reading
- Months of supply9.5 monthsFavors buyers131 listings · 166 sales in 12 months · weight 35%
How long today's listings would take to sell at the past year's sales pace. In Miami condos, under 6 months favors sellers and over 9 favors buyers.
- Sale-to-list price91.5%Favors buyers67 sales · weight 25%
Median sale price as a share of the original asking price, sales in the last 6 months. Above 97% favors sellers; below 95% means buyers are negotiating.
- Days on market97 daysFavors buyers67 sales · weight 15%
Median days from listing to sale for homes sold in the last 6 months. Faster sales favor sellers.
- Listings with a price cut28%Neutral131 listings · weight 15%
Share of homes for sale now asking less than their original price. More cuts mean sellers are chasing buyers.
- Sales momentum±0% vs last yearFavors sellers56 sales · weight 10% · sale-to-list +2.4 pts
Closings in the last 90 days against the same 90 days a year earlier, plus the change in sale-to-list. Rising sales tilt the market toward sellers.
Resale condos from the MLS (pre-construction towers excluded), all prices. As of Oct 31, 2026 · How the index works
Based in part on information from the Southeast Florida Multiple Listing Service (SEFMLS) or from MIAMI Association of REALTORS® for the period July 19, 2025 through October 31, 2026.
7 new this week in South of Fifth
New
Price drops in South of Fifth
-26%
-17%
-14%
-13%
-10%
-9%Recent sales
| Unit | Beds / baths / sf | Sold | $/sf | Date |
|---|---|---|---|---|
| 450 Alton Rd #3008 ICON South Beach | 1 / 1.5 / 851 | $950,000 | Oct 22, 2026 | |
| 300 Collins Ave #3A 300 Collins | 2 / 2.5 / 1,504 | $2,700,000 | Oct 6, 2026 | |
| 321 Ocean Dr #301 321 Ocean Dr | 3 / 3.5 / 2,530 | $8,700,000 | Sep 17, 2026 | |
| 400 S Pointe Dr #1905 South Pointe Towers | 2 / 2 / 1,042 | $1,135,000 | Sep 30, 2026 | |
| 50 S Pointe Dr #504 Continuum On South Beach | 0 / 1 / 699 | $1,540,000 | Sep 16, 2026 | |
| 90 Alton Rd #1102 Yacht Club At Portofino | 2 / 2 / 1,130 | $1,600,000 | Oct 22, 2026 | |
| 100 S Pointe Dr #3906 Continuum On South Beach | 2 / 2.5 / 2,048 | $7,300,000 | Sep 8, 2026 | |
| 140 Jefferson Ave #14005 The Courts at South Beach | 1 / 2.5 / 960 | $719,000 | Aug 31, 2026 |
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