Murano Grande is a 37-story, 270-residence tower at 400 Alton Road in South of Fifth, completed in 2003 to a Sieger Suarez design for The Related Group. Our directory research puts it near $1,250 per square foot with HOA dues around $1.35 per square foot a month, as of August 13, 2026.
The building, in the figures we hold
Our profile at /buildings/murano-grande records 270 residences across 37 floors — an average of about seven homes per floor, which is mid-density for the enclave rather than boutique. Layouts run from one to four bedrooms, and our directory's listed range spans roughly $1.1 million to $12 million.
The address is the thing to understand first. Murano Grande sits at the western edge of South of Fifth on Alton Road, facing Government Cut and the marina rather than the open Atlantic. Floor-to-ceiling glass and that channel orientation are what our research scores as a 9.2 on waterfront and a 9.4 on views, against a 9.6 for location — high marks earned by proximity to the water and to the neighborhood, not by beachfront.
The amenity set in our profile is the 2003 luxury-tower standard rather than a resort programme: a spa, lighted tennis courts and a landscaped pool deck. That is a meaningful cost distinction, and it shows up in the dues estimate below.
Where it sits against Continuum and Apogee
South of Fifth is a small enclave — our neighborhood research at /neighborhoods/south-of-fifth counts 18 buildings — so the comparison set is short and well known.
Our estimate for /buildings/continuum-south-beach is about $1,850 per square foot across 318 residences in two towers on a gated 12-acre oceanfront site, completed in 2008. Our estimate for /buildings/apogee-south-beach is about $2,400 per square foot across just 67 full-floor residences, also 2008.
Against those, our $1,250 estimate for Murano Grande sits roughly 32 percent below Continuum and at about half of Apogee. It also runs about 24 percent under our neighborhood-wide estimate of $1,650 per square foot for South of Fifth. Every one of those figures is our directory's research estimate as of August 13, 2026, not a closed comparable sale.
The pattern is consistent: the two direct-oceanfront addresses carry the enclave's top per-foot research figures, and the marina-facing tower behind them carries a discount. Whether that discount is the right trade depends entirely on whether you were buying the sand or the location.
What the dues estimate implies each month
Our research carries dues at about $1.35 per square foot per month. Run that against real unit sizes and it becomes a number you can plan around: roughly $2,025 a month on a 1,500-square-foot two-bedroom, and roughly $4,050 on a 3,000-square-foot residence. That is arithmetic on our estimate, not a figure quoted by the association — confirm the actual assessment for any specific unit before you rely on it.
For context inside the same enclave, our research carries Continuum at about $1.50 per square foot per month and Apogee at about $1.70. Murano Grande is the lower-dues option of the three in our figures, which tracks its lighter amenity programme.
Low dues are not automatically good news in a Florida condo, and the reason is reserves rather than service. What the money is supposed to cover, and how to read a budget that is quietly underfunding it, is at /blog/reading-a-miami-condo-budget-where-dues-go.
A 2003 tower under Florida's newer rules
Vintage is the live question on any early-2000s Miami tower. Our HQ Rank research scores Murano Grande at 8.0 on age against 8.5 for both Continuum and Apogee, which are five years newer, and 8.8 on building health.
A building of this era is closer to Florida's milestone-inspection and structural-reserve-study regime than a 2019 delivery is, and those requirements are the single largest swing factor in an older Miami building's dues and assessment history. The thresholds and the paperwork they generate are set out at /blog/miami-condo-milestone-inspection-sirs.
Two other diligence threads matter as much here as the structural one. Insurance in a coastal tower splits between the association's master policy and the HO-6 you carry yourself, covered at /blog/miami-condo-insurance-master-policy-vs-ho6. And glazing on a 2003 building is worth asking about specifically, because impact requirements and the high-velocity hurricane zone rules are what govern it: /blog/miami-condo-hurricane-impact-windows-hvhz.
Who the building actually suits
The buyer this fits is a specific one. You want South of Fifth itself — South Pointe Park, the pier, Joe's Stone Crab and Smith and Wollensky, the low-density residential feel our neighborhood research describes — with cruise-ship and marina views out the glass, and you would rather spend the difference on square footage than on 200 feet of private sand.
The buyer it does not fit is the one whose brief starts with beachfront. Direct-ocean addresses exist a few blocks east, and our research prices them accordingly. The broader picture of the enclave, address by address, is at /blog/south-of-fifth-condo-guide.
What our figures are, and are not
Every price, dues and score figure above comes from our own building and neighborhood research, and each is labeled as an estimate for that reason. We do not operate a live MLS feed in Miami — the listings shown on our Miami pages are clearly labeled samples, not live inventory — so nothing here is a comparable sale, an appraisal, or a statement of what any unit is worth today.
For citywide context, our report at /market-stats carries a $685,000 median Miami condo sale price as of June 2026, itself a periodic estimate. Our Miami listing pages are at /condos-for-sale.
We are a research directory, not a brokerage. We do not list on the MLS, negotiate offers or close transactions. When you want current availability, the association's actual budget, or the inspection and reserve paperwork for a specific unit at Murano Grande, we introduce you to a licensed partner agent who can pull them.
Questions buyers ask about Murano Grande
When was Murano Grande built and how many units does it have?
It was completed in 2003 and our directory records 270 residences across 37 floors, an average of about seven homes per floor. Sieger Suarez was the architect, The Related Group the developer, and Steven G handled interiors.
Is Murano Grande oceanfront?
No — it stands at the western edge of South of Fifth on Alton Road, facing Government Cut and the marina rather than the open Atlantic. Our research scores it 9.2 on waterfront and 9.4 on views for that channel-and-marina orientation, while the enclave's direct-oceanfront towers sit a few blocks east.
How much are the HOA dues at Murano Grande?
Our directory research estimates about $1.35 per square foot per month as of August 13, 2026, which works out to roughly $2,025 on a 1,500-square-foot residence. That is our estimate rather than a figure quoted by the association, so confirm the actual assessment for any specific unit.
How does Murano Grande compare with Continuum and Apogee on price?
Our estimates place it near $1,250 per square foot against about $1,850 at Continuum and about $2,400 at Apogee, so roughly 32 percent below one and about half the other. It also runs about 24 percent under our $1,650 estimate for South of Fifth as a whole.
What should a buyer check on a 2003 Miami tower?
The milestone-inspection status and structural reserve study first, then the association's budget and reserve funding, then the insurance layers and the glazing. A building of this vintage has enough history that the paperwork answers most questions the listing cannot.
How to verify any of this before you offer
Treat every figure here as a starting point with a date on it, then replace it with the association's own paperwork. The budget and reserve study give you the real dues trajectory, the inspection reports give you the structural picture, and the recent sales in the building give you the price. We can arrange for a licensed partner agent to request all three for a specific unit, and the building profile at /buildings/murano-grande is where we keep our research current in the meantime.
Written by
Miami Condo HQ
Miami Condo Specialists
Miami Condo HQ is a Miami condo platform — in-depth profiles for the condo buildings we track across Miami, for-sale and for-rent listings, building profiles and Miami market research, and honest, pressure-free guidance for buyers, sellers and investors across South Florida.
