551/557 MICHIGAN CONDO

551 Michigan Ave # 223, Miami Beach FL 33139

1 beds · 1 baths · 504 ft²

For Sale · Active Listing

$240,000

Est. Payment $1,277/mo

MLS Sheet Video

1

Bedrooms

1

Bathrooms

504

Sq. Ft.

1945

Year Built

2

Stories

1

Days on Market

Description

Discover an exceptional opportunity to own a piece of Miami Beach in a charming Art Deco building that combines timeless character, valuable improvements, and an unbeatable location! Just blocks from the beautiful beaches of South Beach, this property offers the ultimate coastal lifestyle, surrounded by world-class dining, boutique shopping, entertainment, and the vibrant energy of Miami Beach. What truly sets this property apart are the significant building improvements: a ROOF APPROXIMATELY 3 YEARS OLD, IMPACT-RESISTANT WINDOWS AND DOORS, SUCCESSFULLY COMPLETED 40-YEAR RECERTIFICATION, AND BUILDING INSURANCE IN PLACE. These important features add tremendous value and appeal for today’s buyers. Enjoy the convenience of a highly walkable neighborhood where the beach, charming cafés, and iconic Art Deco architecture are part of everyday life. Perfect as a primary residence, vacation getaway, or investment opportunity, this property offers the chance to enjoy one of South Florida’s most desirable coastal communities. Association has no reserves; financing with 20% down may be possible, subject to lender approval. A fantastic opportunity to embrace the South Beach lifestyle while benefiting from important building upgrades. Schedule your private showing today!

Facts

MLS#
A12107402
Subdivision
551/557 MICHIGAN CONDO
Property Type
Residential
Property Sub Type
Condominium
Year Built
1945
Lot Size
0 sqft
Sq. Ft.
504 ft²
Sq. Mt.
47 m²
Price per sq. ft.
$476/ft²
Price per sq. mt.
$5,106/m²
Stories
2
Garage
—
Pool
—
Days on Market
1 day
Listed
Oct 15, 2026
Last Updated
Oct 16, 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

October 2026

100/100
Buyers marketSellers market

39

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).

10/15/2026Listed for sale$240,000

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

Location

551 Michigan Ave # 223, Miami Beach FL 33139Directions

Estimated Monthly Payment

$1,627/mo

Principal & Interest

$1,277

Property Tax

$200

Insurance

$150

HOA

$0

20% ($48,000)
7.00%
30 years
1.00% (FL avg ~1.0%)
$0/mo
$150/mo

Estimates only. Actual payment depends on credit, lender, insurance carrier, and FL/Miami-Dade specifics. Contact Rangely for a precise quote.

Rangely Adames

Rangely Adames

Sales Associate | Sunland Group

Hablo Español

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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 5 hours ago

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