Karl F. Lundquist sold a one-bedroom, 1 1/2-bath home at 1437 Collins Ave., Unit 205, in Miami Beach, to Michael S. Reed and Mary C. Reed for $370,000 on March 13.

The 500-square-foot home last sold for $524,000 in January 2007. It is located in the De Soleil South Beach condo development.

According to BlockShopper, there have been 2,053 home sales in Miami Beach during the past 12 months with a median sale price of $285,000.