Aerial view of THE CHELSEA CONDO

THE CHELSEA CONDO
Homes for Sale in Miami-Dade County, FL

Miami-Dade County · ZIP 33139
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Built fromLive miami data8 years of closingsUpdated twice daily
Live · THE CHELSEA CONDO Housing Pulse miami + public records Analysis by Momentum Realty · $3.5B+ sold · 8,500+ transactions · Top 1% in Florida (RealTrends)
Tempo
2
Sold · last 12 mo
10-yr average: about 2 a year
Ownership and context
33%
Cash buyers · THE CHELSEA CONDO
1 of 3 sales, 12 mo ending July 2024
Jon Brooks, founder of Momentum Realty
Jon's Current Read

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.

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, 2 homes are on the market and 0% are under contract — a slower corner of .

Across Miami-Dade County, 60 homes are active and 15 pending (20% under contract).

Homes here are condominium.

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

In short
  • Mandatory HOA — confirm current dues
  • 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.

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.

$3,099/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.

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 August 2026.

  1. 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
  2. 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
  3. July 2026
    Development

    619 Brickell by Nobu condo tower wins review board approval

    The Miami Urban Development Review Board recommended approval for 619 Brickell by Nobu, a 75-story tower with 321 units from 13th Floor Investments and Key International at 619 Brickell Avenue. The design by Foster and Partners and Sieger Suarez preserves First Miami Presbyterian Church and adds ground-floor commercial space and a public baywalk.

    What it may mean for the marketAdds a branded ultra-tall condo tower to the Brickell waterfront while preserving an existing church, expanding luxury housing and adding public baywalk and commercial space. The site is about 2 miles south of The Chelsea Condo.

    Source: The Real Deal
  4. 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
  5. June 2026
    Development

    Grupo T&C plans 62-story 13th Edge tower near Brickell

    Grupo T&C filed a pre-application with Miami-Dade County for 13th Edge, a 62-story, 648,700-square-foot tower at 237 Southwest 13th Street with 400 apartments and 400 hotel rooms. The project, designed by Kobi Karp Architecture, would replace the 36-unit El Vedado condominium built in 1972.

    What it may mean for the marketIntroduces a large mixed-use residential and hotel tower to the area west of Brickell, adding hundreds of apartments and hotel rooms and replacing a small older condominium. The project is about 2 miles south of The Chelsea Condo, elsewhere in Miami-Dade County.

    Source: The Real Deal
  6. May 2026
    Development

    Miami Beach board approves Terra's 106-unit luxury condo tower at 1250 West Avenue

    Miami Beach's Design Review Board granted unanimous approval for a 330-foot condo tower with 106 units at 1250 West Avenue, developed by Terra Group with RG Development Group and GV Development. The building would replace a 15-story, 238-unit condo constructed in 1964 and include two penthouses with rooftop pools and ground-floor commercial space.

    What it may mean for the marketAdds a new luxury condo tower to the West Avenue corridor, replacing an aging mid-century building with a taller structure and ground-floor retail space, reshaping the bayfront skyline and local housing stock. The project is about 3 miles east of The Chelsea Condo, elsewhere in Miami-Dade County.

    Source: The Real Deal

Development alerts for The Chelsea CondoGet a short monthly email when something new is approved, funded, or opens near The Chelsea Condo.

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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.

Frequently Asked Questions

Do cash buyers compete in THE CHELSEA CONDO?
Cash buyers took 33% of THE CHELSEA CONDO sales in the 12 months ending July 2024 (1 of 3 closings, miami).
Who is the best real estate agent for THE CHELSEA CONDO?
The best agent for THE CHELSEA CONDO is one who actively works and knows the community's pricing, fees, and current inventory. Tell us what you're looking for in the form on this page and Momentum Realty will match you with a local specialist for THE CHELSEA CONDO.
How do I find a top real estate agent who knows THE CHELSEA CONDO?
Share a few details in the form on this page. Momentum Realty has 280+ agents and more than $3.5B in closed sales, and we'll connect you with one who knows THE CHELSEA CONDO and the wider area.
Can Momentum Realty connect me with an agent for THE CHELSEA CONDO?
Yes. Use the form on this page and we'll introduce you to a local specialist who can guide your THE CHELSEA CONDO purchase or sale - no call center and no pressure.
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 records, as of 2026-07-18
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 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.

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Thinking of selling in THE CHELSEA CONDO? 2 recorded closings (window ending 2026-07-20). 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.
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