1011 W 48th St # 8, Miami Beach FL 33140 | Miami-Dade County | A11982603
- $6,600,000
- Villa
- 4
- 4.5
- 2
- 5154 Sq Ft
- $6,600,000
Description
AUCTION BIDDING OPEN: Bidding ends May 7th. Previously Listed $9.499M. Current High Bid $6.6M. Showings Sat and Sun from 1:00 PM – 3:00 PM and by appointment.
One of only eight, this fully furnished two-story waterfront villa at The Ritz-Carlton Residences, Miami Beach represents an unparalleled convergence of private residential living and five-star hospitality. Designed by Piero Lissoni and elegantly appointed with furnishings from Poltrona Frau, the residence commands Surprise Lake with direct access to Biscayne Bay, the Intracoastal Waterway, and the Atlantic Ocean via a private boat dock. Expansive walls of glass dissolve the boundary between interior and water, while lush landscaping and a two-car garage complete the estate experience. Residents enjoy the full complement of Ritz-Carlton amenities: rooftop pool with cabanas, spa, fitness center, meditation garden, art studio, billiard room, and dedicated concierge staff—all within one of Miami Beach’s most prestigious addresses.
Property Overview
This is a 4-bedroom, 4.5-bath condominium of about 5154 square feet at 1011 W 48th St # 8, Miami Beach FL 33140 (Miami Beach 33140), listed at $6,600,000.
Monthly Costs, Stated Plainly
The monthly HOA fee is $9,994.
The tax of record is $123,765 (2025). As an ESTIMATE ONLY — Florida reassesses at sale — at this price and a Miami-Dade rate near 2.0%: without homestead, about $132,000/yr (≈ $11,000/mo); with the homestead exemption on a primary residence, about $131,000/yr (≈ $10,917/mo). Confirm with the Miami-Dade Property Appraiser and a tax professional — these are estimates, not quotes.
Frequently Asked Questions
What is the list price, and what typically conveys with a home like this?
The list price is $6,600,000. This home is sold furnished, and all fixtures and built-in appliances convey with the property.
Distinct from the unit, residents have access to shared community amenities including a bar, child play area, exercise room, putting green, sauna, spa/hot tub, and other facilities. Contact Christopher Lazaro, Miami Beach Real Estate Broker Associate, to verify these details.
Where exactly is it, and what should I know about the location?
The property is located at 1011 W 48th St # 8, Miami Beach FL 33140, situated within the coastal corridor of Miami Beach 33140. This 4bd/4.5ba residence offers approximately 5154 sqft of space and is listed at $6,600,000.
Contact Christopher Lazaro, Miami Beach Real Estate Broker Associate, to verify location details.
What are the HOA / association fees, and what do they cover?
The monthly HOA fee is $9,994. This cost covers the building exterior, common area, manager, outside maintenance, pool service, recreation facilities, and security.
The community is subject to city ordinances found at https://library.municode.com/fl/miami-beach/codes/code_of_ordinances. Contact Christopher Lazaro, Miami Beach Real Estate Broker Associate, to verify these details.
What are the property taxes and homestead implications?
The tax of record is $123,765 (2025). As an ESTIMATE ONLY, because Florida reassesses at sale, the tax at this price and a Miami-Dade rate near 2.0% is about $132,000/yr (≈ $11,000/mo) without homestead, or about $131,000/yr (≈ $10,917/mo) with the homestead exemption. Florida's homestead exemption lowers taxable value only for a primary residence.
Confirm these figures with the Miami-Dade Property Appraiser and a tax professional, as these are estimates, not quotes. Contact Christopher Lazaro, Miami Beach Real Estate Broker Associate, to verify.
Is the home in a flood zone, and what does that mean?
Flood zones identify areas prone to flooding, which determines insurance requirements. You can find FEMA definitions here and View the FEMA flood map for this address to see the specific designation for this property. Lenders often require flood insurance in high-risk zones.
Contact Christopher Lazaro, Miami Beach Real Estate Broker Associate, to verify these details.
Are pets allowed?
Pets are allowed, with restrictions (or possible restrictions). A refundable pet fee applies. We will pull the association's exact current pet rules for this unit on request.
Separate federal accommodation rules apply for documented service animals or ESAs. Contact Christopher Lazaro, Miami Beach Real Estate Broker Associate, to verify these details.
How is the price set and is there room to negotiate?
Miami-Dade condos have recently been closing at 94% of list, about 64 days on market (MIAMI REALTORS®, May 2026). The $6,600,000 price for this 5,154 sqft unit reflects a CMA for the building and its immediate vicinity.
I provide a Miami Beach-specific CMA to ensure your offer is grounded in current data. Contact Christopher Lazaro, Miami Beach Real Estate Broker Associate, to verify these figures.
What financing step do you recommend before touring?
Secure a pre-approval before touring 1011 W 48th St # 8. Consult a Florida Licensed Mortgage Loan Originator to confirm your buying power for this $6,600,000 property.
Contact Christopher Lazaro, Miami Beach Real Estate Broker Associate, to verify current availability.
Monthly Fees & Carrying Costs
| Association Fee | $9,994 / month |
| Total Monthly Fees | $9,994 / month |
- Membership Required: No
- Application Fee: $100 (one-time)
Have a question about this Miami Beach listing?
Talk directly with Christopher Lazaro, your Miami Beach real estate advisor. No pressure — real answers.
Address
Open on Google Maps-
Address: 48th St
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City: Miami Beach
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State/county: Miami-Dade County
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Zip/Postal Code: 33140
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Area: 4701 NORTH MERIDIAN CONDO, RITZ-CARLTON RESIDEN
Details
Updated on June 9, 2026 at 6:58 am-
Property ID A11982603
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Price $6,600,000
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Property Size 5154 Sq Ft
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Bedrooms 4
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Bathrooms 4.5
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Garages 2
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Year Built 2022
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Type Villa
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Property Status Active, Residential
Additional details
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Flooring Other, Tile, Wood
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Waterfront Features Ocean Access, Seawall
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Bedroom Features At Least 1 Bedroom Ground Level, Other, Primary Bath Shower, Primary Bath Tub
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Cooling Central Air
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Association Type Condo
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Building Ritz-Carlton Residences
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Association Fee Frequency Monthly
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Area 4701 North Meridian Condo
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Annual Tax 123765
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Association Yes
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Elementary School North Beach
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Private Pool No
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Listing Terms All Cash, Conventional
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Waterfront Yes
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Full Bathrooms 4
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Subdivision 4701 NORTH MERIDIAN CONDO,Ritz Carlton Residen
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Total Stories 2
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Restrictions Ok To Lease, Other Restrictions
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Maintenance Includes Building Exterior, Common Area, Manager, Outside Maintenance, Pool Service, Recreation Facilities, Security
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Amenities Bar, Child Play Area, Exercise Room, Other, Putting Green, Sauna, Spa/Hot Tub
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Parking 2 Or More Spaces, Covered, Other
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Heating Central
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Structure Type Condo 1-4 Stories, Villa
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Tax Year 2025
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Construction CBS Construction
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Covered Spaces 2
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Middle School Nautilus
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Unit Floor 1
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Frontage Bay
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View Bay, Canal, Other View
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Year Built Details Resale
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High School Miami Beach
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Pets Allowed Yes
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Unit Number 8
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Inclusions Deeded Dock, Common Dock,Dock Available,Dock Owned/Included,Private Dock,UP to 40 Ft Boat
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Half Bathrooms 1
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Flood Zone AE
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Patio / Porch Open Balcony, Open Porch, Patio
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New Construction No
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Garage Spaces 2
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Style Condo 1-4 Stories
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Association Fee 9994
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Lot Size (Sq Ft) 0
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Membership Purchase Required No
Features
- Built-in Features
- Closet Cabinetry
- Den/Library/Office
- Dishwasher
- Dryer
- Electric Range
- Foyer
- Game Room
- Garage Attached
- Has a View
- Has Cooling System
- Has Garage
- Has Heating System
- Has Waterfront
- Home Owners Association
- Maid/In-Law Quarters
- Microwave
- Open Balcony
- Other
- Other Equipment/Appliances
- Refrigerator
- Second Floor Entry
- Volume Ceilings
- Walk-In Closet(s)
- Washer
Mortgage Calculator
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