The Waverly At South Beac Homes for Sale

The Waverly At South Beac is a waterfront community in Miami Beach, Miami-Dade County, Florida. Active listings are priced from $485,000 to $1,700,000. Homes were built starting 2001. Pure Equity lists homes in The Waverly At South Beac and represents buyers. Commission is negotiable, and what we are paid is agreed with you in writing before you commit to anything.

Pure Equity Realty covers The Waverly At South Beac and the Miami Beach area. We list for 1%, which includes photography, MLS syndication, and negotiation support. Buyers pay nothing for representation. For current market data, see Florida Realtors' market statistics.

Our MLS feed shows 15 The Waverly At South Beac Miami Beach homes for sale as of October 2026. The median asking price is $980,000. Asking prices run from $485,000 to $1.55M.

That is 51% above the Miami Beach median of $650,000. On a per-foot basis, homes here ask about $864 per square foot, compared with $689 across Miami Beach. So the median price buys roughly 1,150 square feet of living area.

Listings here have averaged 164 days on the market. That tracks the Miami Beach average of 167 days, so pricing and terms follow the wider city market.

Homes listed in The Waverly At South Beac date from 2001, so they are about 25 years old.

All of these homes predate Florida's 2002 statewide building code. So roof age, window protection and the wind mitigation report matter a great deal for insurance.

Condo buyers should also know Florida's 2022 condo safety law. It requires milestone structural inspections for buildings three stories or taller as they age. It also requires a structural integrity reserve study. Before you sign, request both reports and the current reserve balance.

The Waverly At South Beac includes waterfront homes. Waterfront lots in South Florida often sit in FEMA special flood hazard areas, where lenders require flood insurance. Before you commit, look up the address on the FEMA Flood Map Service Center and ask the seller for an elevation certificate.

The Waverly At South Beac is a condo building. Also request the association budget, recent minutes and any special assessments before you sign.

Rentals in The Waverly At South Beac have a median asking rent of $3,700 per month, across 7 active rental listings. For comparison, the Miami Beach median is $3,200, so rents here run 16% higher.

For investors, those medians imply a gross yield near 4.5% a year. However, that figure comes before HOA dues, property tax, insurance and vacancy. Also check the association documents first, because many Florida HOAs cap leases or set minimum terms.

You can browse current Miami Beach rentals or ask us for a rent estimate on a specific The Waverly At South Beac home.

Here is what the median The Waverly At South Beac price means in Florida closing terms. At $980,000, a 20% down payment comes to about $196,000, leaving a loan near $784,000.

Florida then taxes that loan twice. First, documentary stamp tax on the note runs 35 cents per $100, or about $2,744. Next, the intangible tax of 0.2% adds about $1,568. Buyers normally pay both at closing.

On the seller side, Miami-Dade charges deed stamps of 60 cents per $100 on a single-family home, about $5,880 at this price. Condos and other property types pay a higher rate.

Finally, owner-occupants should file for the Florida homestead exemption by March 1. It removes up to $50,000 of assessed value. After that, Save Our Homes caps yearly assessment increases at 3% or inflation, whichever is lower. To see what these numbers mean for your budget, get pre-approved before you tour.

Recent The Waverly At South Beac listings show assignments to Miami Beach Fienberg / Fisher K-8 (elementary) and Miami Beach (high). However, boundaries can change each year, so confirm the assignment for a specific address with Miami-Dade County Public Schools.