Zumper
modified
Updated 9 Hours Ago

Highlights

  • Pet Friendly
  • Open layout
  • Laundry facilities
  • Large closets
  • Large windows
  • Convenient location
  • Original wood floors

Location

531 16th St, Miami Beach, FL 33139, USA|Flamingo - Lummus
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Contact

Management

Lawrence Estates LLC

Leasing office

(786) 250-1233

Property Overview

Park Place 531 earns a strong overall impression with an 8.2 Zumper Expert Rating, standout amenities and location scores, and quality and trust ratings that suggest a well-presented, dependable property. It features an open layout, laundry facilities, large closets, large windows, and original wood floors, while nearby dining, parks, cultural spots, fitness options, and pet services add convenience and variety.

This summary uses Zumper’s proprietary data. “Zumper Expert Ratings,” “Things you’ll love,” and “Great for” are based on our internal analyses of market trends and renter insights.

Zumper Expert Rating

8.2
Very Good
With a solid 8.2 out of 10 overall, Park Place 531 is a great option for renters. While some aspects, like Price, might not be as distinguished as other properties nearby, Park Place 531 has a number of attractive features—namely its Amenities— so you can be assured your rent will come with a high standard of living.

Things you’ll love

  • High school nearby
  • Middle school nearby
  • More space

Great for

  • Pet owners
  • Wellness
  • Social life

Floor plans

0BR/1.0BAStudio1 bath503 sqft$1,600 /mo1 unit availableExcellent LOCATION, just one block from Lincoln Road shops and Starbucks, Time Out marketplace, South Beach, Parks, shopping, hotels, New World Center, and everything else South Beach has to offer. This spacious studio has an open layout with large walk in closet, dining room area, original wood floors, large windows, and plenty of natural light and comfort. Shared washer and dryer are conveniently located in the common area. Don't miss out on this fantastic opportunity to live in one of the most sought-after locations in Florida. Contact us today to schedule a tour and experience the best of Miami Beach living!

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Amenities for Park Place 531

Apartment Amenities

Air ConditioningCeiling Fan
Water

Appliances

DishwasherGas Range
RangeRefrigerator
Wall A/C

Building

Cats OKDogs OK

Services

Trash Pick Up
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.

Policies and fees

Applicants

Applicants

One-time.

Contact Property

REQUIRED FEES

Security Deposit

One-time. Refundable.

Contact Property

Dog Policy

Allowed
Limit1

Cat Policy

Allowed
Limit1

Questions about this property’s policies and fees?

Building details

Property details

Units14
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About Park Place 531

HomeApartments in Miami BeachFlamingo - Lummus Park Place 531

Excellent LOCATION, just one block from Lincoln Road shops and Starbucks, Time Out marketplace, South Beach, Parks, shopping, hotels, New World Center, and everything else South Beach has to offer. This spacious studio has an open layout with large walk in closet, dining room area, original wood floors, large windows, and plenty of natural light and comfort. Shared washer and dryer are conveniently located in the common area. Don't miss out on this fantastic opportunity to live in one of the most sought-after locations in Florida. Contact us today to schedule a tour and experience the best of Miami Beach living!


Zumper Expert Rating

Our expert rating is based on a weighted average score of property attributes that renters care about most: price, amenities, location, quality, and trust.
8.2
/10
Very Good
With a solid 8.2 out of 10 overall, Park Place 531 is a great option for renters. While some aspects, like Price, might not be as distinguished as other properties nearby, Park Place 531 has a number of attractive features—namely its Amenities— so you can be assured your rent will come with a high standard of living.
How we rated Park Place 531
Price·6A score that weighs the cost and location of the property, which we calculate by comparing rent prices of recent units to the median price of nearby rentals, adjusting for overall quality and features.
Park Place 531 is priced lower than the median price per bedroom for the area. While it may be more affordable, there may also be trade-offs in terms of amenities or quality compared to similar listings nearby. It caters to those seeking cost savings, albeit with some compromises.
Amenities·10A score based on the amenities offered at this property compared to other rentals in the area. We consider the quantity, quality, and popularity of features both on site and within the units.
Park Place 531 stands out as a premier property with an impressive array of amenities and an excellent standard of living. Residents here have access to many of the most popular and desired perks—pets allowed—making this one of the top choices for renters seeking unparalleled comfort and convenience.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
Park Place 531 is exceptional when it comes to location and conveniences. Communication with management or leasing staff is usually quick and easy and they often use advanced scheduling and communication tools to streamline the process. The location of this property offers easy access to popular points of interest in the area and options for getting around.
Quality·9A score based on what makes the property stand out, such as luxury features, unique offerings, age of the building, and our ability to verify the accuracy of these details.
Park Place 531 has a few standout characteristics that set it apart from similar properties nearby. Having both verified status and features that cater to discerning renters, this is a great option for renters looking for a specific and exceptional lifestyle.
Trustworthiness·8A score based on the accuracy, completeness, recency, and usefulness of the information provided by this property, so you can trust that what you see is what you get.
The level of transparency this property provides distinguishes it as a great rental. With a high attention to detail and desirable features, renters can be sure they will get an accurate picture of their potential new home.

Park Place 531 is great for:

Pet owners

  • 7 pet hospitals in the area
  • 14 pet supply stores near the property
  • 1 dog park within 1 mile
  • 4 pet grooming services nearby

Wellness

  • Ample windows and natural lighting
  • On-site fitness or wellness programs
  • 48 sports facilities (like tennis courts) nearby
  • HVAC systems available onsite

Social life

  • 892 restaurants within 1 mile of this property
  • Area has 69 parks and recreation options
  • Diverse age groups live in this area
  • 154 museums, art galleries, or cultural centers within 1 mile

Property highlights

We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.

How Park Place 531 compares to other nearby properties.

Positives

High school nearby
There is a high school 1 mile away
Middle school nearby
There is a middle school 2 miles away
More space
The 2-bedroom is 184 sqft larger than other listings nearby
Elementary school nearby
There is an elementary school 0.2 mile away
Dishwasher
Dishwasher available in kitchen
Laundry available on site
Washers and dryers are available in-building or in-unit
Pet friendly
This property allows pets

Considerations

Lacks images
Fewer than 10 photos available for this location

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Rent trends in Flamingo - Lummus

studio apartments at Park Place 531 cost about 9% less than the average rent price for studio apartments in Flamingo - Lummus.

Median rents as of Aug 29 2026.
Flamingo - Lummus
Miami Beach
A table of studio rental data trends in Miami Beach
MonthMedian Rent
September 2024$1,900
October 2024$1,887
November 2024$1,930
December 2024$1,950
January 2025$1,900
February 2025$1,868
March 2025$1,960
April 2025$1,925
May 2025$1,978
June 2025$1,987
July 2025$1,955
August 2025$1,942
September 2025$1,914
October 2025$1,900
November 2025$1,940
December 2025$1,937
January 2026$1,935
February 2026$1,851
March 2026$1,848
April 2026$1,858
May 2026$1,891
June 2026$1,862
July 2026$1,897
August 2026$1,910
A table of studio rental data trends in Flamingo - Lummus
MonthMedian Rent
September 2024$1,799
October 2024$1,762
November 2024$1,790
December 2024$1,850
January 2025$1,812
February 2025$1,800
March 2025$1,835
April 2025$1,837
May 2025$1,800
June 2025$1,797
July 2025$1,750
August 2025$1,771
September 2025$1,760
October 2025$1,758
November 2025$1,750
December 2025$1,750
January 2026$1,748
February 2026$1,752
March 2026$1,737
April 2026$1,712
May 2026$1,734
June 2026$1,712
July 2026$1,744
August 2026$1,750

Affordability calculator

Can I afford to live at 531 16th St?

Bedrooms

Studio

Rent-to-income ratio

30%

Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income

$64,000/yr

With your selected rent-to-income ratio, you'd ideally want to make $64,000 annually to afford this studio monthly rent price of $1,600.
For more information on rent affordability, visit our rent calculator.

Schools near Park Place 531

Fienberg/Fisher K-8 Center

1420 washington ave

miami beach, FL, 33139

PK, K-8Public
C+

Miami-Dade Virtual High School Franchise

1501 ne 2nd ave

miami, FL, 33132

K-12Public
B

Chapman Partnership North Early Childhood Center

1550 n miami ave

miami, FL, 33136

PKPublic

Miccosukee Indian School

mile marker 70 tamiami trail

miami, FL, 33194

K-12Public

United Way Center for Excellence in Early Education Demonstration School

3250 sw 3rd ave

miami, FL, 33129

PKPublic
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Internet available near Park Place 531

Getting around Miami Beach near 531 16th St

Walking

10/10
No car? No problem. Everything you need is within a few blocks.

Driving

6/10
This area is accessible to thoroughfares and has ample parking options.

Cycling

8/10
Peddling isn’t a problem with cyclist-friendly streets and bikeable destinations.

Transit

5/10
Frequent public transit options are within walking distance.

Points of interest for 531 16th St, Miami Beach

Groceries

10/10
Exceptional variety of groceries within a few minutes' walk

Shopping

10/10
Exceptional variety of shops within a few minutes’ walk

Cafes

9/10
Exceptional variety of cafés within a few minutes’ walk

Restaurants

10/10
Exceptional variety of restaurants within a few minutes’ walk

Primary schools

9/10
At least one elementary school within a 5-minute walk

High schools

5/10
At least one high school within a 20-minute walk

Parks

7/10
Large amount of park space nearby

Nightlife

10/10
Exceptional variety of bars right within a few minutes’ walk

Explore the area around 531 16th St

La Tiendita II
414 16th St
Miami Beach Food Market LLC
1510 Washington Ave
Miami Groceries LLC
1535 Washington Ave
Marlins Market Inc
1635 Washington Ave
Comm 2006FL12 Grocery Stores Master Spe LLC
1601 Washington Ave

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