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The Courts at South Beach

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Neighborhood: South of Fifth

Year Built: 1996-2003

# Units: 189

# Floors: 6

# Parking Levels: 1

ROSS100 Condo Index Ranking +

55

out of 100

COST RATING: +

1.95 out of 5

LIFESTYLE RATING: +

3.25 out of 5

Ross’s Comments – What you Need to Know about The Courts at South Beach

The Courts was developed by Canadian concern Groupe Pacific, which also developed over 3900 residential units in Miami, including Sunset Harbour and the Cosmopolitan in South Beach.

Built in five phases over a seven-year period from 1997 through 2004, the Courts is much like a Mediterranean style resort with large pools, some green space and a full range of amenities.

Community highlights include gated and private entry; ease of access to the building, parking and condos; open air corridors; and 24 hour security.

Some buildings include several multi level units with private garages and large roof tops.

A perfectly walkable location in the South of Fifth area with several retail stores, well known restaurants (Joe’s Stone Crab, Milos, Big Pink, Prime 112 etc.), shops, plus the beach all within a block or two.

BUILDING QUALITY +

MANAGEMENT +

LOCATION +

RENT FRIENDLY +

ACCESSIBILITY +

FINANCING +

DESIGN & EFFICIENCY +

AMENITIES +

WALKABILITY +

PET FRIENDLY +

PARKING +

SECURITY +

RECENT PRICE/SQ FT $579

RECENT PRICE/M² $6,232 

MAINTENANCE COST/SQ FT < $0.75

2 BEDROOM PRICE RANGE (2014-2015) $625,000 – $858,000

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UNIT SIZES  946 – 2,425 sq. ft (88 – 225 m²)

UNIT TYPES  1, 2, 3 and 4 bedrooms

# OF UNITS  189

# OF FLOORS  6

# OF PARKING LEVELS  1

ARCHITECT  Schapiro Associates

DEVELOPER  Groupe Pacific

PET POLICY  Pets are allowed, subject to restrictions. 

24-hour concierge, valet & security

Private covered parking

Two acre grand piazza

Oversized courtyard heated pool

Rooftop terrace with 2 barbecue grills

Party room

Newly renovated gym with sauna and steam room

Signature waterfall fountain

SOUTH OF FIFTH

As with many of Miami’s historic neighborhoods, the South of Fifth “SoFi” neighborhood in Miami Beach enjoyed its heydays in the 1950′s. Miami Beach had a reputation as the “American Riviera” with its beaches, hotels, tropical weather, mobsters and star power. However, the area was ethnically divided with SoFi as home to a thriving, mostly Jewish community, while the areas to the north and even some hotels had little tolerance for diversity. A number of hotels had “restricted clientele” rules and some properties transferred with deeds prohibiting “Hebrew blood.”

By the 1970′s, however, SoFi had become a haven for Jewish retirees and the younger generation stopped moving in. As the area declined, the city formed what was known as the “Committee to Keep Greater Miami Beach Young.” In an effort to eliminate most of the structures south of Fifth Street, the city created the South Shore Redevelopment Area in 1973. The city leader’s imagined that the $400-million plan would completely revitalize the area. Unfortunately, it all but guaranteed the area’s decline.

Many theories exist as to why the plan failed so dismally, but clearly it influenced property owners to stop taking care of their existing buildings. As the neighborhood was so cheap, it attracted the poor and crime and drugs became rampant. Unfortunately, things continued to get worse and it was not until the mid 1990′s that interest re-emerged to invest in the SoFi area.

Today the SoFi neighborhood represents the success that major redevelopment can produce. The area is very safe, it boasts a highly ranked elementary school, South Pointe Park, many successful businesses, restaurants, hotels, nightclubs and some of the most expensive real estate in Miami. Every weekend the beach is packed with locals and tourists. There are several iconic luxury condo projects in the SoFi area, including the Apogee, Murano Grande, Icon, Continuum North and South, Portofino Tower, Murano at Portofino, in addition to several currently under construction.

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Courts 25.770563, -80.136980 100 Meridian Avenue, Miami Beach, FL, United States (Directions)

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