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All stats are year over year

Updated September 16, 2026 10:54AM EST

Echo Video

Days on MarketDOM

40Days | -13%
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Active InventoryAI

4,345 Homes | -24%
Echo Video

Median Sales PriceMSP

$650,000 | 3%
Echo Video

New ListingsNL

1,360 Homes | -7%
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Closed SalesCS

1,112 Homes | -2%
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Dollar VolumeDV

$1.4B | 27%
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Months of InventoryMOI

3.5 Months | -33%
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Pending SalesCS

1,206 Homes | 2%
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Downtown Somi

A subdivision of South Miami.

Total Homes : 1,513

Gated : No

Club Membership : No

No-Fee Community : No

Downtown Somi, South Miami, FL Homes for Sale

LOCATION PRICE BEDS BATHS $/SQFT
LOCATION PRICE BEDS BATHS $/SQFT
5781 Sunset Dr #5781 | The Residences At Sunset $1,850/mo 1 1 $4 -
5745 SW 72nd St #5745 | The Residences At Sunset $850/mo 1 1 $4 -
5789 SW 72nd St #5789 | $1,800/mo 0 1 $5 -
5785 SW 72nd Ss #5785 | Residences At Sunset Place $1,900/mo 0 1 0 -
5721 SW 72nd St #5721 | $1,800/mo 0 1 $5 -
5787 SW 72nd St #5787 | Carvers Sub $1,650/mo 0 1 $4 -
5737 SW 72nd St #5737 | The Residences At Sunset $1,800/mo 0 1 $5 -
5739 SW 72nd St #5739 | $1,600/mo 0 1 $1 -
5713 SW 72nd St #5713 | $1,600/mo 40 1 $5 -
5739 SW 72nd St #5739 | $1,650/mo 0 1 $5 -
South Miami Residential | The Residences At Sunset $1,760/mo 0 1 $4 -
5725 SW 72nd St #5725 | Carvers Sub $1,650/mo 0 1 $3 -
5715 Sunset Dr #5715 | The Residences At Sunset $1,700/mo 0 1 $5 -
5761 SW 72nd St #5761 | $1,600/mo 0 1 $4 -
5711 SW 72nd St #5711 | The Residences At Sunset $1,600/mo 0 1 $5 -
5757 Sunset Dr #5757 | The Residences At Sunset $1,650/mo 1 1 $3 -
5725 SW 72nd St #5725 | The Residences At Sunset $1,750/mo 0 1 $4 -
5771 SW 72nd St #5771 | The Residences At Sunset $1,500/mo 0 1 $4 -
5705 SW 72nd St #5705 | The Residences At Sunset $1,500/mo 0 1 $5 -
5779 Sunset Dr #5779 | The Residences At Sunset $1,500/mo 0 1 $3 -
5719 Sunset Dr #5719 | The Residences At Sunset $1,450/mo 0 1 $4 -
5783 SW 72nd St #5783 | Carvers Sub $1,500/mo 1 1 $3 -
5711 Sunset Dr #5711 | The Residences At Sunset $1,500/mo 0 1 $4 -
5777 SW 72nd St #5777 | The Residences At Sunset $1,500/mo 0 1 $4 -
5737 SW 72nd St #5737 | The Residences At Sunset $1,500/mo 0 1 $4 -
5787 SW 72nd St #5787 | The Residences At Sunset $1,500/mo 0 1 $4 -
5783 SW 72nd St #5783 | The Residences At Sunset $1,400/mo 0 1 $4 -
5721 SW 72nd St #5721 | $1,450/mo 0 1 $4 -
5727 SW 72nd St #5727 | The Residences At Sunset $1,400/mo 0 1 $5 -
5717 SW 72nd St #5717 | The Residences At Sunset $1,500/mo 0 1 $4 -
5769 Sunset Dr #5769 | The Residences At Sunset $1,500/mo 0 1 $4 -
5763 Sunset Dr #5763 | The Residences At Sunset $1,500/mo 0 1 $5 -
5717 SW 72nd St #5717 | Carvers Sub $1,200/mo 0 1 $3 -
5715 SW 72nd St #5715 | $1,300/mo 0 1 $4 -
5707 SW 72nd St #5707 | Carvers Sub $1,300/mo 0 1 $1 -
5703 SW 72nd St #5777 | Carvers Sub $1,200/mo 0 1 $3 -
5769 SW 72nd St #5769 | Carvers Sub $1,200/mo 40 1 $4 -
5719 SW 72nd St #5719 | Carvers Sub $1,300/mo 0 1 $4 -
5705 SW 72nd St #5705 | Carvers Sub $1,200/mo 40 1 $5 -
5737 SW 72nd St #5737 | Carvers Sub $1,200/mo 0 1 $3 -

5781 Sunset Dr #5781 | The Residences At Sunset

$1,850/mo

1 beds, 1 baths, 551sqft, $4/sqft

5745 SW 72nd St #5745 | The Residences At Sunset

$850/mo

1 beds, 1 baths, 635sqft, $4/sqft

5789 SW 72nd St #5789 |

$1,800/mo

1 baths, 469sqft, $5/sqft

5721 SW 72nd St #5721 |

$1,800/mo

1 baths, 403sqft, $5/sqft

5787 SW 72nd St #5787 | Carvers Sub

$1,650/mo

1 baths, 500sqft, $4/sqft

5737 SW 72nd St #5737 | The Residences At Sunset

$1,800/mo

1 baths, 402sqft, $5/sqft

5739 SW 72nd St #5739 |

$1,600/mo

1 baths, 26,612sqft, $1/sqft

5713 SW 72nd St #5713 |

$1,600/mo

40 beds, 1 baths, 400sqft, $5/sqft

5739 SW 72nd St #5739 |

$1,650/mo

1 baths, 397sqft, $5/sqft

South Miami Residential | The Residences At Sunset

$1,760/mo

1 baths, 454sqft, $4/sqft

5725 SW 72nd St #5725 | Carvers Sub

$1,650/mo

1 baths, 600sqft, $3/sqft

5715 Sunset Dr #5715 | The Residences At Sunset

$1,700/mo

1 baths, 402sqft, $5/sqft

5761 SW 72nd St #5761 |

$1,600/mo

1 baths, 430sqft, $4/sqft

5711 SW 72nd St #5711 | The Residences At Sunset

$1,600/mo

1 baths, 383sqft, $5/sqft

5757 Sunset Dr #5757 | The Residences At Sunset

$1,650/mo

1 beds, 1 baths, 615sqft, $3/sqft

5725 SW 72nd St #5725 | The Residences At Sunset

$1,750/mo

1 baths, 456sqft, $4/sqft

5771 SW 72nd St #5771 | The Residences At Sunset

$1,500/mo

1 baths, 469sqft, $4/sqft

5705 SW 72nd St #5705 | The Residences At Sunset

$1,500/mo

1 baths, 337sqft, $5/sqft

5779 Sunset Dr #5779 | The Residences At Sunset

$1,500/mo

1 baths, 513sqft, $3/sqft

5719 Sunset Dr #5719 | The Residences At Sunset

$1,450/mo

1 baths, 403sqft, $4/sqft

5783 SW 72nd St #5783 | Carvers Sub

$1,500/mo

1 beds, 1 baths, 500sqft, $3/sqft

5711 Sunset Dr #5711 | The Residences At Sunset

$1,500/mo

1 baths, 383sqft, $4/sqft

5777 SW 72nd St #5777 | The Residences At Sunset

$1,500/mo

1 baths, 488sqft, $4/sqft

5737 SW 72nd St #5737 | The Residences At Sunset

$1,500/mo

1 baths, 402sqft, $4/sqft

5787 SW 72nd St #5787 | The Residences At Sunset

$1,500/mo

1 baths, 379sqft, $4/sqft

5783 SW 72nd St #5783 | The Residences At Sunset

$1,400/mo

1 baths, 438sqft, $4/sqft

5721 SW 72nd St #5721 |

$1,450/mo

1 baths, 403sqft, $4/sqft

5727 SW 72nd St #5727 | The Residences At Sunset

$1,400/mo

1 baths, 337sqft, $5/sqft

5717 SW 72nd St #5717 | The Residences At Sunset

$1,500/mo

1 baths, 397sqft, $4/sqft

5769 Sunset Dr #5769 | The Residences At Sunset

$1,500/mo

1 baths, 379sqft, $4/sqft

5763 Sunset Dr #5763 | The Residences At Sunset

$1,500/mo

1 baths, 370sqft, $5/sqft

5717 SW 72nd St #5717 | Carvers Sub

$1,200/mo

1 baths, 500sqft, $3/sqft

5715 SW 72nd St #5715 |

$1,300/mo

1 baths, 400sqft, $4/sqft

5707 SW 72nd St #5707 | Carvers Sub

$1,300/mo

1 baths, 26,612sqft, $1/sqft

5703 SW 72nd St #5777 | Carvers Sub

$1,200/mo

1 baths, 450sqft, $3/sqft

5769 SW 72nd St #5769 | Carvers Sub

$1,200/mo

40 beds, 1 baths, 379sqft, $4/sqft

5719 SW 72nd St #5719 | Carvers Sub

$1,300/mo

1 baths, 400sqft, $4/sqft

5705 SW 72nd St #5705 | Carvers Sub

$1,200/mo

40 beds, 1 baths, 300sqft, $5/sqft

5737 SW 72nd St #5737 | Carvers Sub

$1,200/mo

1 baths, 450sqft, $3/sqft

Downtown Somi Map

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Discover the Lifestyle of Downtown SoMi Homes

Downtown SoMi is a major future mixed-use development planned for the former Shops at Sunset Place property at 5701–5795 SW 72nd Street in South Miami. The approximately 10-acre redevelopment is planned with 1,513 residential units alongside retail, dining, office, hotel, entertainment, and public spaces, creating a new residential component within South Miami’s established downtown district.

The site occupies a prominent location between SW 57th Avenue/Red Road and SW 58th Avenue, with Sunset Drive along its southern edge and US-1 along the north. The South Miami Metrorail station, restaurants, shops, and businesses throughout downtown are nearby. Buyers following Downtown SoMi Homes for Sale can expect a large-scale urban redevelopment rather than a conventional standalone residential subdivision.

About Downtown SoMi

Downtown SoMi is planned as the redevelopment of the longtime Sunset Place mall property. Midtown Development is leading the project on behalf of the property owners, with plans designed to replace the existing mall with a more integrated mix of residences, commercial space, hospitality, entertainment, streets, and public areas.

Current plans call for 1,513 residential dwelling units within a development of approximately 10.16 acres. The broader project also includes approximately 202,462 square feet of retail space, 65,892 square feet of office space, a 287-room hotel, a 1,300-seat movie theater, and 2,786 parking spaces.

Building heights within the development are planned to vary, with zoning allowing different portions of the property to reach maximum heights, including applicable bonuses, ranging from 12 to 33 stories. The result is intended to create a multi-building district connected to the surrounding South Miami street network.

History of Downtown SoMi

The property has been a commercial landmark in South Miami for decades. Before Sunset Place, the site was home to the Holsum Bakery and later the Bakery Centre shopping complex. The Bakery Centre was demolished in the 1990s, making way for The Shops at Sunset Place, which opened in 1999.

After years of proposals to reposition the mall, the current redevelopment moved forward under Midtown Development. In October 2024, the City of South Miami approved the initial site plan for redevelopment of the approximately 10.09-acre Sunset Place property and entered into a development agreement governing the project.

Planning continued with the proposed Downtown SoMi Community Development District, intended to provide a mechanism for financing, constructing, operating, and maintaining infrastructure and services associated with the redevelopment. The project remains a future development, and individual residential sales information has not yet been fully established.

Amenities

Downtown SoMi is being planned as a mixed-use district, so much of its lifestyle offering will come from the combination of residential spaces, commercial uses, entertainment, streets, and public areas rather than a single traditional clubhouse.

The broader Downtown SoMi development is planned to include:

  • Retail and restaurant space
  • Hotel
  • Movie theater and entertainment space
  • Office space
  • New internal streets and pedestrian connections
  • Landscaped and public gathering areas
  • Structured parking
  • Community infrastructure and streetscape improvements

Specific residential-only amenities have not been finalized publicly and should be confirmed as individual buildings move closer to construction and sales.

Outside the development, downtown South Miami already provides a walkable collection of restaurants, shops, services, and entertainment. The South Miami Metrorail station is nearby, while US-1 and Red Road provide direct connections toward Coral Gables, the University of Miami area, Dadeland, and other parts of Miami-Dade County.

Key Details

  • Community type: Future mixed-use residential development
  • Former property: The Shops at Sunset Place
  • Address: 5701–5795 SW 72nd Street/Sunset Drive, South Miami, Florida
  • Site area: Approximately 10.16 acres
  • Planned residential units: 1,513
  • Developer: Midtown Development
  • Planned hotel: 287 rooms
  • Planned retail: Approximately 202,462 square feet
  • Planned office space: Approximately 65,892 square feet
  • Planned theater: 1,300 seats
  • Planned parking: 2,786 spaces
  • Development district: Downtown SoMi District
  • Development status: Future mixed-use redevelopment with initial site plan approval
  • Community Development District: Downtown SoMi Community Development District proposed for infrastructure, facilities, and services
  • Major nearby roads: SW 72nd Street/Sunset Drive, SW 57th Avenue/Red Road, US-1/South Dixie Highway, and SW 58th Avenue
  • Nearby transit: South Miami Metrorail station

Residential association fees, individual building structures, ownership formats, and other property-specific costs have not been established for all future residences and should be verified as sales information becomes available.

Nearby Communities

Somi Walk Residences is another residential development in the heart of South Miami, located at 5959 SW 71st Street. Its condominium format and downtown location make it a particularly relevant comparison for buyers interested in newer residences close to shops, restaurants, US-1, and Metrorail.

The Fountain is an established residential community on SW 74th Terrace, just south of the Downtown SoMi area. It offers an existing attached-home option for buyers who want to remain close to the restaurants, shopping, and transportation connections of downtown South Miami.

Banyans of South Miami is an established residential community farther west along the SW 67th Avenue corridor. It provides another attached-home alternative for buyers comparing South Miami properties while remaining within a short drive of the downtown district.

Work with Echo Fine Properties

Follow Downtown SoMi as redevelopment progresses, or explore currently available homes and condominiums throughout South Miami with Echo Fine Properties. The team can help buyers compare future residences at the former Sunset Place property with established and new-construction options nearby.

Downtown SoMi Homes for Sale FAQs

What is being built at 5701–5795 SW 72nd Street in South Miami?

The former Shops at Sunset Place property is planned for redevelopment as Downtown SoMi, a large mixed-use project. Current plans include 1,513 residential units along with retail, restaurants, offices, a hotel, entertainment space, parking, and new community infrastructure. The approximately 10-acre site occupies a major location in downtown South Miami.

Where is Downtown SoMi located?

Downtown SoMi is planned for 5701–5795 SW 72nd Street, also known as Sunset Drive, in South Miami. The property is bordered by Red Road to the east, Sunset Drive to the south, SW 58th Avenue to the west, and US-1 to the north. The South Miami Metrorail station and the existing downtown business district are nearby.

How many residences are planned for Downtown SoMi?

The approved development plan provides for 1,513 residential dwelling units. These homes will be part of a much larger mixed-use project rather than a standalone residential complex. Individual residential building details and sales information should become clearer as development advances.

What amenities will Downtown SoMi have?

The overall project is planned with retail and restaurant space, a hotel, offices, a movie theater, public areas, parking, new streets, and pedestrian connections. These are features of the broader Downtown SoMi mixed-use development rather than amenities being attributed to a particular residential building. Residential-only amenity packages have not yet been fully established publicly.

Is Downtown SoMi approved?

The City of South Miami approved an initial site plan for the redevelopment in October 2024 and entered into a development agreement for the property. Additional planning has included the proposed creation of the Downtown SoMi Community Development District to support infrastructure and services. The project remains a future development, so construction phases, residential releases, fees, and other details should be confirmed as it progresses.

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