551/557 MICHIGAN CONDO

557 Michigan Ave # 114, Miami Beach FL 33139

1 beds · 1 baths · 504 ft²

For Sale · Active Listing

$1,995

Est. Payment $11/mo

MLS Sheet Video

1

Bedrooms

1

Bathrooms

504

Sq. Ft.

1945

Year Built

1

Garage

2

Stories

0

Days on Market

Description

Chic, meticulously renovated one-bedroom condo available now for rent in a quiet, residential pocket of Miami Beach. This beautifully updated and cozy residence is delivered unfurnished and features a designer kitchen, stainless steel appliances, impact windows and doors, laminate wood flooring, four closets, and a gorgeous renovated bathroom. One assigned parking space is included, offering rare and valuable convenience in this prime location. Located on peaceful, tree-lined Michigan Avenue, just one block from South of Fifth, the building features a fully enclosed gated entry, adding extra security, safety, and privacy. Additional building features include beautifully maintained landscaping, a bike rack, and on-site laundry conveniently located right next to the unit. Enjoy an incredible Miami Beach lifestyle just blocks from Publix, Target, restaurants, Lincoln Road, the beach, the bay, South of Fifth, and more. Video available upon request. Schedule your private showing today before it’s gone.

Facts

MLS#
A12017255
Subdivision
551/557 MICHIGAN CONDO
Property Type
Residential Lease
Property Sub Type
Condominium
Year Built
1945
Lot Size
0 sqft
Sq. Ft.
504 ft²
Sq. Mt.
47 m²
Price per sq. ft.
$4/ft²
Price per sq. mt.
$42/m²
Stories
2
Garage
1 spaces
Pool
Days on Market
Listed
May 12, 2026
Last Updated
May 25, 2026
Price/Lot Sq.Ft.

Comparable homes

Same ZIP, similar price + bedrooms.

Market insights for Miami Beach

Live MLS-derived activity. Forecast is a conservative rule-of-thumb estimate — not a guarantee.

Sellers market

May 2026

100/100
Buyers marketSellers market

49

Median days to sold

+4.5%

1-year price forecast (est.)

Price & tax history

From the live MIAMI MLS feed. Older history requires the ListingHistory resource (not yet enabled).

5/12/2026Listed for sale$1,995

History reflects fields present on the live MLS record. Full multi-year history requires the MIAMI ListingHistory resource (not yet enabled).

Location

557 Michigan Ave # 114, Miami Beach FL 33139Directions

GreatSchools Summary Ratings

Public + private K-12 schools within 5 miles of this listing.

GreatSchoolsData provided by GreatSchools.org © 2026. All rights reserved.

Affordability

What you'd typically need to qualify for this rental under the standard 30% rule.

$6,650

gross income / month to qualify

Monthly rent$1,995
Required annual income$79,800
Security deposit (est.)$1,995
Move-in cost (1st + last + security)$5,985

Based on the 30% rule (rent ≤ 30% of gross monthly income). Move-in estimate assumes first month + last month + one month security; landlord requirements vary.

Rangely Adames

Rangely Adames

Sales Associate | Sunland Group

Hablo Español

The data relating to real estate for sale on this website comes in part from the Southeast Florida Multiple Listing Service. MLS Data is deemed reliable, but is not guaranteed accurate by MIAMI REALTORS®.

Accuracy of listing information is not guaranteed. Listing information is provided for personal consumer, non-commercial use, solely to identify potential properties for potential purchase. All other use is strictly prohibited and may be a violation of federal and state law.

Copyright Southeast Florida MLS a/k/a SEFMLS © 2026.

Updated 9 hours ago

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