South Florida Condo Fee Index · development report · as of October 18, 2026 · Miami, Miami-Dade County
Neo Vertika, Miami: condo fees, what sold, and what is for sale today
As of October 18, 2026, the median monthly-equivalent association fee among 8 active Neo Vertika listings with a usable fee is $892, 9% below the Miami condo median of $981. 8 Neo Vertika condominiums are listed for sale in Miami, and 1 more are under contract. 2 of 8 active listings have recorded current asking price below original.
Over the twelve months October 2025 to September 2026, 15 Neo Vertika condos closed at a median $440,000, a median 4% under their original asking price.
Key takeaways
Median listed association fee in Neo Vertika: $892/mo across 8 active listings with a usable fee, 9% below the Miami condo median of $981.
15 Neo Vertika condos closed October 2025 to September 2026 at a median $440,000, 95.8% of original asking price.
8 Neo Vertika condos are for sale as of October 18, 2026 at a median asking price of $386,750; 2 of 8 show a current asking price below original.
6.4 months of supply at the current sales pace (8 for sale against 1.3 sales a month).
Small sample: Neo Vertika has fewer than 20 condos for sale and fewer than 20 closings in the window, so single listings move these figures. Read them as indicative and check the counts under each number.
The fees displayed are only as accurate as the brokerage that provided them in its individual listings through the multiple listing service. Information is deemed to be reliable but not guaranteed.
Median condo fee / month$892Miami condos $981; 8 listings state a fee
Condos sold: median price, 12 months$440K15 closings October–September 2026; $494 per sq ft
Median condo asking price$387K8 for sale; $516 per sq ft
Recorded below original asking2 of 8current asking versus original among active listings; not price history
Months of supply6.48 for sale ÷ 1.3 sales a month
Built2006–2016median year built across listings
For Neo Vertika owners
Own a condo in Neo Vertika? The association fee is fixed at sale. The asking price is your decision.
Buyers comparing Neo Vertika condos see the listed monthly association fee beside every asking price and weigh the two together. You cannot change the association fee when you sell; you can set the price with the association fee, the closed sales and the current competition in Neo Vertika already accounted for.
37.5% of active condo listings in Miami have a recorded asking price below their original list price.
The data comes from the segment and recorded fields available in PBP Real Estate's BeachesMLS feed, as of the date shown. Gia Freer, Broker of Record, turns comparable sales and current competition into one written pricing opinion for your Neo Vertika condo, with the reasoning, before it goes live.
No website estimate, no automated number: a written opinion of value prepared by hand, within one business day.
37.5%Recorded below original
62.5%Not recorded as below originalMay include unchanged prices, increases and missing-price records; not a never-cut count.
4,885 condos for sale in Miami. Source: BeachesMLS, as of October 18, 2026. Information is deemed reliable but not guaranteed. Seller Blink Rate™ is the share of active listings with a recorded asking price below the original list price. The denominator is all active listings in the segment. The complement may include unchanged prices, increases and missing-price records; it does not establish a price history.
For buyers and sellers: Sellers here are asking a median $386,750 while the last twelve months of sales closed at a median $440,000, 95.8% of the original asking price. That gap, plus 8 competing units and 6.4 months of supply at the current sales pace, is the pricing reality a Neo Vertika seller starts from; the listed fee median of $892/mo among 8 active records with a usable fee is a comparison point, not a quote for a specific unit. Confirm its actual fee and coverage with the association.
The story for media: "15 condominiums in Neo Vertika, Miami, sold between October 2025 and September 2026 at a median price of $440,000, or 95.8% of their original asking price, while 8 remain for sale; the median listed monthly-equivalent association fee is $892 among 8 active records with a usable fee, according to PBP Real Estate's daily analysis of BeachesMLS data as of October 18, 2026."
What condos actually sold in Neo Vertika, month by month
15 condo closings from October 2025 to September 2026, median $440,000; bars count sales, dots mark the monthly median where three or more closed
Source: BeachesMLS via PBP Real Estate's brokerage feed, condominium listings permitted for internet display. Active and under contract as of Oct 18, 2026; closed sales October 2025 to September 2026. Deemed reliable but not guaranteed.
95.8%of original asking price, median condo sale96.6% of the final asking price
$494condo sold price per square footasking today $516
79recorded days, closed samplemedian nonmissing CDOM; not measured time to contract
20%cash salesas recorded in the MLS buyer-financing field
93%Miami condos, sold to original asking3,999 city closings, same window
Range $315,000 to $700,000. Sold figures cover listings permitted for internet display and closed between October 1, 2025 and September 30, 2026; they are counts and medians, never an opinion of any unit's value.
Where the Neo Vertika fee sits among Miami condos
Neo Vertika median $892/mo against the Miami middle half ($601 to $1,540) and median ($981); 45.5% of Miami condo listings ask less.
Shaded band = 25th to 75th percentile of Miami condo fees for sale today. Source: BeachesMLS via PBP Real Estate's brokerage feed, condominium listings permitted for internet display. Active and under contract as of Oct 18, 2026; closed sales October 2025 to September 2026. Deemed reliable but not guaranteed.
What the Neo Vertika fee includes, as entered by listing brokers
Structure maintenance 85.7%
Trash 85.7%
Common areas 71.4%
Sewer 71.4%
Water 71.4%
Security 57.1%
Pool 42.9%
Recreation facilities 42.9%
Grounds 28.6%
Building insurance 28.6%
Share of the 7 Neo Vertika listings that state what the fee covers. Utilities, insurance and reserves change what a fee is worth; compare coverage before dollars.
What condos are for sale in Neo Vertika today
8 condos by size, with the median asking price of each group
Source: BeachesMLS via PBP Real Estate's brokerage feed, condominium listings permitted for internet display. Active and under contract as of Oct 18, 2026; closed sales October 2025 to September 2026. Deemed reliable but not guaranteed.
1condos under contract1 of 9 listings
2condos recorded below original askingof 8 active listings
33median recorded cumulative daysnonmissing MLS field; not a reconstructed history
0state an age restriction (55+)0 of 8 listings; confirm with the association
0mention a required membership0 of 8 listings
0mention a land or recreation lease0 of 8 listings
Counts of the condominium listings for sale whose agent-written public remarks mention each item; not verified and not a statement about the association. Ask for the budget, reserve study and any assessment resolution before writing an offer.
What the recorded flags mean for a Neo Vertika buyer
Special assessment mentioned, 3 of 8 listings
A special assessment is a charge on top of the regular fee, adopted by the board for a specific purpose such as a repair, a reserve shortfall or an insurance increase. Ask the association for the adopting resolution, the amount per unit, what it pays for and the payment schedule. Who pays the unpaid balance at closing is negotiable between buyer and seller and should be written into the contract.
Counts are of the listings for sale whose agent-written public remarks mention each item. They are not a statement about the association and the absence of a mention is not confirmation that none applies. Financing terms and eligibility for a specific unit are decided by the lender and its investor, not by this page. Review the association documents, budget and reserve study with your own advisers before writing an offer.
What do buyers and sellers ask about Neo Vertika?
What is the condo fee in Neo Vertika, Miami?
As of October 18, 2026, the median monthly-equivalent association fee across the 8 Neo Vertika condominiums for sale that state a fee is $892. That is 9% below the Miami condo median of $981. The fees displayed are only as accurate as the brokerage that provided them in its individual listings through the multiple listing service. Information is deemed to be reliable but not guaranteed.
What did condos in Neo Vertika sell for?
15 Neo Vertika condominiums closed between October 1, 2025 and September 30, 2026 at a median $440,000 ($494 per square foot), ranging from $315,000 to $700,000. The median sale closed at 95.8% of the original asking price and 96.6% of the final asking price, after a median 79 cumulative days on market. 20% of those sales were cash. Closings are reported to the MLS with a lag, so the window ends with the last full month; 2 October 2026 closings have been reported so far and are not in the medians.
How many Neo Vertika condos are for sale, and are prices being cut?
8 Neo Vertika condominiums are listed as of October 18, 2026, asking from $315,000 to $729,999, median $386,750; 1 more are under contract. 2 of 8 active records have current ListPrice below OriginalListPrice. The remainder is not a never-cut group. Median nonmissing recorded CDOM is 33 days, not an independently reconstructed property history. At the last twelve months' sales pace the inventory ratio is 6.4 months; not a sale-time forecast.
Does Neo Vertika have special assessments, age restrictions or membership requirements?
We report what listing agents wrote, not what the association has decided. Among the 8 Neo Vertika listings for sale, 3 mention a special assessment in the public remarks; 0 state an age restriction such as 55+; 0 mention a required club or equity membership; 0 mention a land or recreation lease. Confirm every one of these with the association documents before writing an offer.
How is this Neo Vertika report built and how often is it updated?
Refresh is scheduled daily from PBP Real Estate's BeachesMLS data feed: active and under-contract condominium listings in Miami whose subdivision field names Neo Vertika, plus available closings in the twelve months ending September 30, 2026. Use the report's statistical date and qualifying counts. Fees are converted to a monthly equivalent and usable association layers are summed. Medians need five or more records, percentages ten or more; smaller groups are shown as counts. Neo Vertika is a small sample (under 20 listings and under 20 sales), so read its figures as indicative. This is a market read of MLS listing data, not an opinion of value about any unit or a statement about the association's finances. The fees displayed are only as accurate as the brokerage that provided them in its individual listings through the multiple listing service. Information is deemed to be reliable but not guaranteed.
Method: listings whose MLS subdivision field maps to Neo Vertika after normalization (tower, section and phase records merged; master community plus its enclaves), condominiums by tax legal description (a townhouse, villa or house whose legal records a condominium is included), Miami, permitted for internet display in PBP Real Estate's BeachesMLS data feed. Active and under-contract figures are from the daily snapshot as of October 18, 2026; closed sales are from a rolling archive and cover October 1, 2025 to September 30, 2026, the last full month, because closings are reported to the MLS with a lag. Fees are as entered by each listing office, converted to a monthly equivalent, with master and sub-association layers summed. Medians require five or more records and percentages ten or more; smaller groups are shown as counts. Remark-based flags are keyword classifications of agent-written text and are not verified. Nothing here is an opinion of value about any property or a statement about any association's finances. The fees displayed are only as accurate as the brokerage that provided them in its individual listings through the multiple listing service. Information is deemed to be reliable but not guaranteed.
IDX information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. Data last updated October 18, 2026.
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