Aerial view of The Chelsea Condo

The Chelsea
Condos for Sale in Miami-Dade County, FL

Miami-Dade County · ZIP 33139
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True comps, carrying-cost math, and listings before the portals.

Built fromLive MIAMI MLS data8 years of closingsUpdated twice daily
Live · The Chelsea Condo Housing Pulse MIAMI MLS + public records Analysis by Momentum Realty · $3.5B+ sold · 10,000+ customers served · Top 1% in Florida (RealTrends)
Tempo
2
Sold · last 12 mo
10-yr average: about 2 a year
Jon Brooks, Co-Founder of Momentum Realty
Jon's Read · written July 22, 2026

Activity at THE CHELSEA CONDO has been thin in the most recent window we track, with only two closings recorded. A sample that small does not support a reliable median price or a read on price trend, and any number pulled from it would be more noise than signal.

For a building like this, the practical posture is patience and direct comparison. Buyers should ask for the specifics on any active or recently closed unit rather than lean on a community-wide average, and sellers should expect pricing to be set unit-by-unit based on condition, floor, and view rather than by a broader market curve.

Figures in this note are as of July 22, 2026. The live market numbers elsewhere on this page update nightly and are newer.

Nearby homes for sale

No active listings inside THE CHELSEA CONDO right now. These are the 6 closest homes on the market, by straight-line distance from the community's center; some may sit just outside its boundary.

1519 Drexel Ave 201 + DEN
$350K · 0.0 mi away
1 bd · 1 ba · 767 sqft
1519 Drexel Ave 201 + DEN
Listed by Sterling Equity Realty LLC
600 15th St 10
$340K · 0.0 mi away
2 bd · 2 ba · 643 sqft
600 15th St 10
Listed by Hausroof, LLC.
1500 Pennsylvania Ave 9A
$310K · 0.0 mi away
1 bd · 1 ba · 562 sqft
1500 Pennsylvania Ave 9A
Listed by Miami Dreams Realty Inc.
1508 PENNSYLVANIA Avenue 1B
$320K · 0.0 mi away
1 bd · 1 ba · 656 sqft
1508 PENNSYLVANIA Avenue 1B
Listed by Sartori Realty Inc
1542 Drexel Ave 301
$288K · 0.1 mi away
1 bd · 1 ba · 580 sqft
1542 Drexel Ave 301
Listed by Fortune Christie's International Real Estate
1542 Drexel Ave 104
$236K · 0.1 mi away
1 bd · 1 ba · 440 sqft
1542 Drexel Ave 104
Listed by Lokation

Listing data from the MLS feeds named on each listing page; deemed reliable but not guaranteed. Refreshed nightly.

The 60-Second Overview

THE CHELSEA CONDO sits in Miami-Dade County with limited recent transaction volume, which means current MLS data does not yet support a strong statistical read on pricing or pace.

MIAMI REALTORS sales records identify 6 homes in THE CHELSEA Condo that have changed hands since 2020, built between 1938 and 1938 (median 1938), with a median living area of about 500 sq ft and a typical 1-bedroom, 1-bath layout; 100% are condominiums. Source: MIAMI REALTORS closed-sale history compiled by Momentum Research; counts reflect homes with a recorded MLS sale, not every home in the community.

Pre-construction details are compiled from public records, builder announcements and builder listings, and are subject to change without notice; figures are deemed reliable but not guaranteed. Momentum Research figures are our own analysis. This page describes homes, pricing and community attributes, not residents.

Best for

  • A buyer targeting a specific unit at THE CHELSEA CONDO who is prepared to evaluate it on its own merits
  • A seller comfortable pricing based on direct comparables rather than a community-wide median
  • An investor doing unit-level due diligence rather than relying on aggregate market statistics

Probably not for

  • A buyer who wants a well-established price trend or median before committing
  • Someone relying on a list of confirmed building amenities to make a decision, since none are currently identified in MLS data
  • A seller expecting fast, high-volume comparable sales activity to support pricing strategy

The market around The Chelsea Condo

The Chelsea Condo is too small for its own price trend, so here is the market around it.

In ZIP 33139, 1,060 homes are on the market and 14% are under contract — a slower corner of .

Across Miami-Dade County, 15,314 homes are active and 3,367 pending (18% under contract).

In ZIP 33139, 697 homes closed in the last 12 months at a median of $800K ($765/sq ft), up 2.1% year over year, with a median 95 days on market. Right now 495 active and 79 pending listings — a buyer's market. See the live ZIP 33139 housing market and the Miami-Dade County market.

ZIP and county figures describe the wider market, not The Chelsea Condo specifically. Momentum Research analysis of MLS records.

If we were buying in The Chelsea Condo today, this is the order of operations we would run for our clients.

1

Underwrite the condition first. Price the roof, HVAC, and systems honestly before judging any list price; condition swings value here more than square footage alone.

2

Match the home to real comps. Recent sales of similar condition and lot, not the asking price, tell you what a home is worth.

3

Move deliberately, not desperately. Neither side has a decisive edge, so a well-prepared, fairly-priced offer wins without overpaying.

4

Line up financing and inspection early. A pre-approval and an inspection plan let you act fast and negotiate from evidence.

5

Keep an agent in your corner. The listing agent works for the seller; we represent you and prepare a hand-built valuation before any offer in The Chelsea Condo.

Best Buy
Buyers and sellers who want a unit-specific pricing approach rather than a community-wide benchmark.
Biggest Risk
With only two recent closings, there is not enough transaction history to gauge price direction or typical time on market.
Sweet Spot
Works best for a buyer or seller focused on one specific unit and willing to verify details directly rather than lean on aggregate stats.
Avoid If
Avoid if you need a data-backed community trend line before making a decision, since current volume will not support one.

A thin data window

With only two closings in the tracked period, THE CHELSEA CONDO does not have enough recent sales to establish a dependable median or a clear sense of how quickly units are moving. That is not unusual for smaller buildings or slower stretches of the market, but it does change how the community should be evaluated.

Current MLS listings also do not identify specific building amenities. That does not mean the building has none, only that amenities are not part of the data we can confirm from active listings. Anyone evaluating a specific unit here should verify building features, association details, and recent comparable sales directly rather than relying on aggregate figures.

“

The location and the amenities are priced into every listing in The Chelsea Condo. The deal is won or lost on condition, the comps, and the renovation math.

Jon Brooks · Founder, Momentum Realty

Why work with Momentum here

In a building with limited recent sales data, the value of local representation goes up, not down. We pull actual comparable listings and closed sales unit-by-unit, confirm association and building details directly rather than relying on listing summaries, and help buyers and sellers price and negotiate off real evidence instead of a thin average.

The Chelsea Condo in 15 seconds.

Best forBuyers and sellers who want a unit-specific pricing approach rather than a community-wide benchmark.
Biggest advantageDirect, individualized comparison stands in for a market average that the current data cannot reliably support.
Biggest riskWith only two recent closings, there is not enough transaction history to gauge price direction or typical time on market.
Sweet spotWorks best for a buyer or seller focused on one specific unit and willing to verify details directly rather than lean on aggregate stats.
Avoid ifAvoid if you need a data-backed community trend line before making a decision, since current volume will not support one.

HOA, CDD & Fees

A note on who we are: Momentum Realty is a real estate brokerage. We are not the The Chelsea Condos for Sale in Miami-Dade County, FL homeowners association, its management company or its developer, and we cannot help with dues, gate access, violations, amenity bookings or association documents. To reach the association, check your closing package, the recorded declaration at the county clerk, or search the association’s name at sunbiz.org for its registered agent. Call or message us to buy or sell a home in The Chelsea Condos for Sale in Miami-Dade County, FL.
In short
  • HOA status not on record. Verify any dues before you offer
  • Any club/amenity membership is billed separately

Confirm the current HOA dues, exactly what they cover, and any CDD bond or special assessment for a specific address before you offer.

The takeaway

Selling here is won on condition and pricing to real comps, not an automated estimate. The right number comes from closed The Chelsea Condo sales matched to your home.

What is your The Chelsea Condo home worth?

Get a no-obligation home value based on real comparable sales in The Chelsea Condo, not an automated guess. Tell us about your home and we will personally prepare your numbers and a pricing strategy. No obligation, no spam.

See homes for sale in The Chelsea Condo on the map →

Real comps, not an automated estimate.
A buyer targeting a specific unit at THE CHELSEA CONDO who is prepared to evaluate it on its own meritsExcellent fit
A seller comfortable pricing based on direct comparables rather than a community-wide medianExcellent fit
An investor doing unit-level due diligence rather than relying on aggregate market statisticsExcellent fit
A buyer who wants a well-established price trend or median before committingProbably not
Someone relying on a list of confirmed building amenities to make a decision, since none are currently identified in MLS dataProbably not
A seller expecting fast, high-volume comparable sales activity to support pricing strategyProbably not

Data sources & freshness

Under-contract sharesMIAMI MLS records, as of 2026-09-20
Historical depthClosed-sale records back to 2018 (15 transactions analyzed)

Verify the primary sources yourself: Florida DOR · U.S. Census · FEMA flood maps · Citizens Property Insurance.

Momentum Research figures are our own analysis of MIAMI MLS records; MLS data is deemed reliable but not guaranteed. Methodology: how Momentum market scores are computed. Market metrics describe homes for sale and recent sales, not residents.

Recent Developments in The Chelsea Condo

Development, infrastructure, retail, and school activity affecting The Chelsea Condo, tracked by our team and summarized from public reporting and official sources, with links to the original coverage. Last updated October 2026.

  1. October 2026
    Development

    Casa Bella Residences opens at 1400 Biscayne Boulevard in Downtown Miami

    Related Group and Alta Developers completed the 56-story, 650-foot tower with 319 residences, including 10 penthouses. Closings are underway and first residents have moved in, with more than 90 percent of homes reported under contract. Construction began in November 2023.

    What it may mean for the marketAdds 319 completed homes to the downtown Biscayne corridor, close to existing transit, offices and dining. The site is less than a mile south of The Chelsea Condo.

    Source: Florida YIMBY
  2. October 2026
    Development

    Sweetbird North breaks ground at 95 NE 40th Street in the Miami Design District

    Miami Design District Associates and Raycliff Capital began an eight-story, 120,500 square foot building with more than 92,000 square feet of office and about 22,500 square feet of retail. Atria Health and Research Institute leased about 55,000 square feet and 26North will also join. Completion is expected in early 2028.

    What it may mean for the marketAdds office space and ground-floor retail in the Design District, increasing nearby daytime employment and shopping options. The site is about 1 mile north of The Chelsea Condo.

    Source: Florida YIMBY
  3. September 2026
    Civic

    Miami-Dade commissioners adopt $14.26 billion budget with flat tax rate

    County commissioners approved the fiscal year 2026-27 budget after a meeting that ran from Thursday afternoon into Friday morning. The operating property tax rate stays flat at 4.57 mills. The county says the plan prioritizes public safety, parks and transportation amid slowing revenue growth.

    What it may mean for the marketA flat operating millage keeps the county's property tax rate steady for owners across Miami-Dade for the coming fiscal year. The site is about 1 mile south of The Chelsea Condo.

    Source: Local 10 News
  4. July 2026
    Development

    Construction permits filed for two-tower Biscayne 18 in Edgewater

    Melo Group filed construction permit applications with the City of Miami for Biscayne 18, a two-tower project with 1,178 residential units at 1825 Biscayne Boulevard in Edgewater. The towers reach about 465 feet across 45 stories, with an estimated construction cost of $321 million and space for office, retail, and a banquet hall.

    What it may mean for the marketMoves a large two-tower residential project toward construction in Edgewater, adding more than a thousand units plus office and retail space along the Biscayne Boulevard corridor. The site is less than a mile southwest of The Chelsea Condo.

    Source: Florida YIMBY
  5. July 2026
    Development

    OKO Lilli condo tower nabs Miami review board approval in Edgewater

    The Miami Urban Development Review Board recommended approval for OKO Group's OKO Lilli, a 53-story tower with 117 units at 717 Northeast 27th Street in Edgewater. Plans include a 350-foot public baywalk, an eight-story garage with 244 spaces, and Aman-curated amenities.

    What it may mean for the marketAdds a high-rise condo tower and a public baywalk to the Edgewater bayfront, expanding the local housing supply and waterfront access along Biscayne Bay. The site is less than a mile north of The Chelsea Condo.

    Source: The Real Deal
  6. July 2026
    Development

    Foundation pour completed for Twenty Sixth and 2nd Wynwood Residences

    Developers PMG and LNDMRK Development completed foundation work and began vertical construction on Twenty Sixth and 2nd, an 8-story building with 233 residences at 2600 NW 2nd Avenue in Wynwood. The project includes about 26,000 square feet of ground-floor retail and over 32,000 square feet of amenities, with completion expected in the second quarter of 2028.

    What it may mean for the marketAdvances a new mid-rise rental building with ground-floor retail in the Wynwood district, adding housing units and street-level commercial space as vertical construction begins. The site is about 1 mile northwest of The Chelsea Condo.

    Source: Florida YIMBY

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Summaries reflect public reporting and official sources linked above as of the dates shown. Project details, timelines, and approvals can change. Commentary on potential market effects is general observation, not investment advice or a prediction for any specific property. For the freshest items across the whole region, see This Week in Northeast Florida.

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Ask an agent about The ChelseaCondos for Sale

Have a question about the homes, fees, rules or commute here? A Momentum agent who works The ChelseaCondos for Sale will answer, and the answer is published on this page for the next buyer.

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Common questions about The Chelsea

Where is The Chelsea?

The Chelsea is a community in Miami-Dade County, Florida, ZIP 33139.

Are there homes for sale in The Chelsea right now?

No active listings inside The Chelsea at the last feed refresh. The nearest homes for sale, with distances from the community, are shown on this page and refreshed nightly.

Does The Chelsea have an HOA or CDD?

No HOA is on record for The Chelsea in our data. Verify dues, what they cover, and any special assessment for a specific address before you offer.

Answers are generated from county property records, MLS feeds and the figures on this page, as of the page date; deemed reliable but not guaranteed.

Thinking of selling in THE CHELSEA CONDO? 2 recorded closings (window ending 2026-09-20). See the Miami-Dade County sell-now-or-wait data, what made 201,552 Florida listings fail in the last 12 months, or compare a cash offer vs. listing. Compiled from MLS records; deemed reliable but not guaranteed.

Nearby Communities

Explore more neighborhoods near The Chelsea with Momentum Realty’s local guides.

Selma Condo0.0 mi awayDrexel 15 Condo0.0 mi away · 1 for saleThe Morrison Condo0.0 mi away · 1 for saleHarriet Court Condo0.0 mi away · 2 for saleThe Danton Condo0.0 mi awayFirst On Penn Condo0.1 mi away · 5 for saleThe Ruskin Condo0.1 mi away · 2 for sale

Browse all neighborhood guides →

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The real cost & risk here

Before the list price, the Florida math the portals skip. These are Miami-Dade County typicals — your exact home, flood zone, and insurance quote will vary, so verify each before you offer.

$3,210/mo
Miami-Dade County typical true cost to own
$158/mo
Miami-Dade County typical home insurance
Check CDD
Confirm before you offer

County typicals from Momentum’s Florida housing data (Zillow & Realtor.com aggregates, Census, FRED), updated monthly; insurance modeled. Flood zone is property-specific — always confirm via FEMA.