551/557 MICHIGAN CONDO
557 Michigan Ave # 115, Miami Beach FL 33139
1 beds · 1 baths · 426 ft²
$235,000
Est. Payment $1,251/mo
1
Bedrooms
1
Bathrooms
426
Sq. Ft.
1945
Year Built
2
Stories
0
Days on Market
Description
Great renovated 1-bedroom, 1-bathroom condo in a Prime location. Enjoy the benefit of an exceptionally low monthly HOA for the area, with no special assessments. This property is currently tenant-occupied, providing immediate rental income from the day of closing. Located in a rapidly growing neighborhood, it also offers excellent flexibility for investors, with the ability to rent every 30 days. Just steps from the beach, upscale dining, and premier shopping, this is an outstanding opportunity for both investors and future homeowners seeking a property in one of the area's most sought-after locations.
Facts
- MLS#
- A12046382
- Subdivision
- 551/557 MICHIGAN CONDO
- Property Type
- Residential
- Property Sub Type
- Condominium
- Year Built
- 1945
- Lot Size
- 0 sqft
- Sq. Ft.
- 426 ft²
- Sq. Mt.
- 40 m²
- Price per sq. ft.
- $552/ft²
- Price per sq. mt.
- $5,875/m²
- Stories
- 2
- Garage
- —
- Pool
- —
- Days on Market
- —
- Listed
- Jul 1, 2026
- Last Updated
- Jul 2, 2026
- Price/Lot Sq.Ft.
- —
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Market insights for Miami Beach
Live MLS-derived activity. Forecast is a conservative rule-of-thumb estimate — not a guarantee.
Sellers market
July 2026
37
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).
| 7/1/2026 | Listed for sale | $235,000 |
History reflects fields present on the live MLS record. Full multi-year history requires the MIAMI ListingHistory resource (not yet enabled).
Location
GreatSchools Summary Ratings
Public + private K-12 schools within 5 miles of this listing.
Palmetto Middle School6,7,8 · public · 0.5 mi
- Palmetto Elementary School
PK,KG,1,2,3,4,5 · public · 0.6 mi
- Miami Palmetto Senior High School
9,10,11,12 · public · 0.9 mi
- Bet Shira Early Childhood Center
PK,KG · private · 0.9 mi
- Miami Palmetto Senior High Adult
UG · public · 0.9 mi
- True North Classical Academy East
KG,1,2,3,4,5,6,7,8 · charter · 0.9 mi
- Howard Drive Elementary School
PK,KG,1,2,3,4,5 · public · 1.0 mi
- Montessori School Of Alexander
PK,KG,1,2,3,4,5 · private · 1.0 mi
- Alexander Mont School
PK,KG,1,2,3,4,5,6 · private · 1.0 mi
- American Academy of Pinecrest
12 · private · 1.2 mi
Data provided by GreatSchools.org © 2026. All rights reserved.Estimated Monthly Payment
$1,597/mo
Principal & Interest
$1,251
Property Tax
$196
Insurance
$150
HOA
$0
Estimates only. Actual payment depends on credit, lender, insurance carrier, and FL/Miami-Dade specifics. Contact Rangely for a precise quote.
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 14 hours ago
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