Where is Monad Terrace?
At 1300 Monad Terrace, Miami Beach, Florida 33139, on the bay side of West Avenue in South Beach. It is a waterfront building on Biscayne Bay, not an oceanfront one: the Atlantic is east across the island, and what the building faces is the bay, the sunset and the downtown Miami skyline.
Can I still buy from the developer?
No. The building is delivered and its residences are privately owned, so what comes to market now is a resale. Current listings appear in the resale inventory above, and we can introduce you to owners considering a quiet sale before anything is listed.
What makes the building unusual?
Ateliers Jean Nouvel drew the architecture, the interiors and the landscape as one piece of work, which is rare at this scale. The result is two buildings held apart by a planted lagoon, with a sawtooth honeycomb façade on the glazing and climbing gardens on the north and south elevations.
How many residences are there?
Fifty-nine, each individually designed, arranged around the central lagoon. That is a small number for a waterfront building on this stretch of the bay, and it is the main reason resale inventory here is thin.
How large are the residences?
The eight published sheets run from 1,441 to 3,936 square feet of interior space, in two- to five-bedroom layouts, with exterior space from 570 square feet to 1,560. Ceilings are ten feet throughout. The other residences have no published drawing, so ask for the specific plan you are interested in.
Why are only eight floor plans shown?
Because eight is what the developer published. In a building of fifty-nine individually designed residences, most plans exist only in the condominium documents and in individual listings. The eight here are reproduced exactly as drawn; for anything else, ask and we will source the sheet for that residence.
What is the lagoon actually for?
It is the organising idea of the building rather than a decorative pond. Nouvel set it between the two structures so that water and reflected light reach into the residences from the inside as well as the bay side, and the sun deck and 116-foot pool sit along its bay edge.
I own a residence here. What is it worth?
Request a private valuation. We look at resales in the building, your floor and line, which way the terrace faces, whether you have the sawtooth glazing, and what you have done inside, and send you a considered range. There is no obligation to list.
Can I get a mortgage for a resale here?
Yes. Because the building is fully delivered and privately owned, financing a resale at Monad Terrace works the way it would for any completed condominium, unlike a pre-construction purchase that depends on developer financing. Lenders will still review the building’s condo questionnaire, its reserve funding and any pending or special assessments, so raise financing with your lender and with us early in the process.
What should I know about the condo association?
Monthly assessments, house rules, reserve funding and any planned or special assessments are set by the Monad Terrace condominium association, not by the developer or by us. Florida also requires condominium buildings to keep a Structural Integrity Reserve Study current and, once a building reaches thirty years old, to complete a Milestone Inspection of its structure. Ask us for the building’s current status on both before making an offer.
Can I rent out my residence?
Leasing policy — minimum lease terms, how many times a year a unit can be rented, any approval process — is set by the condominium association and can change. Confirm the current rule directly against the association’s governing documents rather than any listing description, including this one.