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Built in 2015/2020 - 40 units - 4 floors

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Building Information

Iris on the Bay

Number of units: 40
Active listings for rent: 0
Active listings for sale: 2
Building inventory for sale: 5%
Number of sales over the last 12 months: 3
Number of sales over the last 6 months: 1
Number of sales over the last 3 months: 0
Avg. time to close over last 12 months: 118 days

Address

27-111 N Shore Dr, Miami Beach, Miami-Dade, FL, 33141

Iris On the Bay
Address: 81 N Shore Dr,
Miami Beach, FL 33141, U
Phone: +1 786-520-2271

Link: https://www.miamiprimemanagement.com/property/iris-on-the-bay-management.htm

Recent Sales

Unit # Size Closing Date Sale Price PPSF
77 2,250 sq ft Jul 2025 $1,525,000 $678
107 2,508 sq ft May 2025 $1,095,000 $437
29 2,456 sq ft May 2025 $1,790,000 $729

Market Information

Building vs Area

Iris on the Bay: $567/sq. ft.
Miami Beach: $954/sq. ft.

Area vs City

Miami Beach $954/sq. ft.
Miami-Dade $671/sq. ft.

Inventory for sale

Miami Beach: 4%
Miami-Dade: 4%

Avg. time to close over last 12 months

Iris on the Bay 118 days
Miami Beach: 92 days
Miami-Dade: 77 days