19 Hours Ago
Highlights
Pet Friendly
- Spacious studio
- Large windows
- Original wood floors
- Large closet
Location
531 16th St, Miami Beach, FL 33139, USA|Flamingo - Lummus
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Property Overview
Park Place 531 is a highly rated property with an impressive overall Zumper score of 9.4 out of 10, reflecting its competitive pricing and exceptional amenities that score a perfect 10. With standout features like spacious studios, large windows, and original wood floors, it offers a high quality of living close to schools, parks, and numerous dining and recreational options. Additionally, the property is recognized for its pet-friendly environment and abundant fitness facilities nearby, enhancing its appeal for a vibrant lifestyle.
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.
Things you’ll love
High school nearby- Middle school nearby
- More space
Great for
Wellness
Social life
Pet owners
Floor plans
| 0BR/1.0BA | Studio | 1 bath | 503 sqft | $1,600 /mo | 1 unit available | Excellent LOCATION, just one block from Lincoln Road shops and restaurants, 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 closet, dining room area, original wood floors, large windows, and plenty of natural light and comfort. |
Let's explore this property.
Amenities for Park Place 531
Apartment Amenities
| Air Conditioning | Ceiling Fan |
| Hardwood Floor | Water |
Appliances
| Dishwasher | Gas Range |
| In-Unit Laundry | Range |
| Refrigerator | Wall A/C |
Building
| Cats OK | Dogs OK |
| Gated Building | Shared Washer and Dryer |
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
Dog policy
| Allowed | |
|---|---|
| Limit | 1 |
Cat policy
| Allowed | |
|---|---|
| Limit | 1 |
Building details
Property details
| Units | 14 |
|---|
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About Park Place 531
Excellent LOCATION, just one block from Lincoln Road shops and restaurants, 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 closet, dining room area, original wood floors, large windows, and plenty of natural light and comfort.
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.
9.4
/10
ExcellentPark Place 531 is an excellent find, offering residents a superior living experience with a wide range of desirable features. Residents will particularly enjoy knowing that this property rated highest in Price and Amenities, which help to make this rental a great place to call home.
Price·10A 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 offers an excellent balance between price and value. It's priced competitively for its amenities, location, and other key features. Compared to the median price per bedroom in the area, this property is less than, or about the same as, nearby rentals, so residents can expect great value without too many compromises on their desired standard of living.
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:
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
- Studio is 167 sqft larger than other listings nearby
- Less expensive
- Studio units are cheaper than other similar listings nearby
- Dishwasher
- Dishwasher available in kitchen
- 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 11% less than the average rent price for studio apartments in Flamingo - Lummus.
Median rents as of Aug 30 2025.
Flamingo - Lummus
Miami Beach
| Month | Median Rent |
|---|---|
| September 2023 | $1,933 |
| October 2023 | $1,903 |
| November 2023 | $1,950 |
| December 2023 | $1,955 |
| January 2024 | $1,999 |
| February 2024 | $2,000 |
| March 2024 | $2,000 |
| April 2024 | $2,064 |
| May 2024 | $2,033 |
| June 2024 | $1,999 |
| July 2024 | $1,950 |
| August 2024 | $1,900 |
| 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 | $1,941 |
| Month | Median Rent |
|---|---|
| September 2023 | $1,799 |
| October 2023 | $1,800 |
| November 2023 | $1,799 |
| December 2023 | $1,788 |
| January 2024 | $1,779 |
| February 2024 | $1,850 |
| March 2024 | $1,805 |
| April 2024 | $1,800 |
| May 2024 | $1,800 |
| June 2024 | $1,800 |
| July 2024 | $1,800 |
| August 2024 | $1,800 |
| 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 | $1,767 |
Affordability calculator
Can I afford to live at 531 16th St?
Bedrooms
StudioRent-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
Thena Crowder Early Childhood Diagnostic Special Education Center
757 nw 66th st
miami, FL, 33150
PK, KPublic
Teenage Parent Program
6300 nw 27th ave rm 92
miami, FL, 33147
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
5/10
This area is accessible to thoroughfares and has ample parking options.
Cycling
8/10
Helmets on–you can get anywhere in this cyclist-friendly, well-connected area.
Transit
5/10
Frequent public transit options are within walking distance.
Points of interest for 531 16th St, Miami Beach
Groceries
10/10
At least one supermarket within a 5-minute walk
Shopping
10/10
Exceptional variety of shops within a few minutes’ walk
Cafes
6/10
Several cafés within a few minutes’ walk
Restaurants
9/10
Exceptional variety of restaurants within a few minutes’ walk
Primary schools
9/10
At least one elementary school within a 10-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
Coastal Wear LLC
1566 Washington Ave
Bohemian
1519 Drexel Ave
Ondademar
438 Lincoln Rd
Scotch & Soda
442 Lincoln Rd
Start Up Boutique LLC
420 Lincoln Rd
Starbucks
601 Lincoln Rd
Crema Gourmet Espresso Bar
1601 Washington Ave
Joe & the Juice
1600 Collins Ave
Nespresso
643 Lincoln Rd
Cortadito Coffee House Washington
1429 Washington Ave
Time Out Market
1601 Drexel Ave
Rose From Concrete LLC
1552 Washington Ave
Club Madonna
1527 Washington Ave
Gemma
529 Lincoln Rd
Liquor Lounge
1560 Collins Ave
Paul Bakery
450 Lincoln Rd
Eden Cafe Pastry LLC
407 Lincoln Rd
Italian Health Food Concept
407 Lincoln Rd
GNC
622 Lincoln Rd
Cortadito Coffee House Washington
1429 Washington Ave
Flamingo Park
Miami Botanical Garden/Holocaust Memorial
Lummus Park
Collins Park
Maurice Gibbs Memorial Park
Lur
1601 Drexel Ave
Time Out Market
1601 Drexel Ave
Pizzella
1601 Drexel Ave In The Timeout Market
Ames
1570 Washington Ave
Chalan on the Beach
1580 Washington Ave
WASHINGTON AV & LINCOLN RD
DOWNTOWN-AVENTURA MALL VIA MIABEACH, MT SINAI TO OMNI TERMINAL, MIAMI BEACH AIRPORT FLYER, City of Miami Beach - SoBeach A Rte
Washington Avenue / Lincoln Road
South Beach Loop
WASHINGTON AV & 16 ST
City of Miami Beach - SoBeach B Rte
Washington Avenue / 16th Street
South Beach Loop
Washington Avenue / 15th Street
South Beach Loop
MiamiCentral
Mainline, Mainline
MiamiCentral Station
Downtown Miami Link
HISTORIC OVERTOWN/LYRIC THEATRE STAT.RAIL NORTHBOUND
REGULAR METRORAIL SERVICE
HISTORIC OVERTOWN/LYRIC THEATRE STAT.RAIL SOUTHBOUND
REGULAR METRORAIL SERVICE
GOVERNMENT CTR.STAT.RAIL NORTHBOUND
REGULAR METRORAIL SERVICE
ADRIENNE ARSHT CENTER METROMOVER STATION
City of Miami - Wynwood Route, METROMOVER OMNI/BRICKELL OUTER LOOP
MUSEUM PARK METROMOVER STATION
METROMOVER OMNI/BRICKELL OUTER LOOP, METROMOVER OMNI/BRICKELL OUTER LOOP
BAYFRONT PARK METROMOVER STATION
METROMOVER OMNI/BRICKELL OUTER LOOP, METROMOVER INNER LOOP, METROMOVER OMNI/BRICKELL OUTER LOOP
BISCAYNE BD@E FLAGLER ST
METROMOVER INNER LOOP
ELEVENTH STREET METROMOVER STATION
METROMOVER OMNI/BRICKELL OUTER LOOP, METROMOVER OMNI/BRICKELL OUTER LOOP
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