551/557 MICHIGAN CONDO
551 Michigan Ave # 223, Miami Beach FL 33139
1 beds · 1 baths · 504 ft²
$240,000
Est. Payment $1,277/mo
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.
- —
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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
October 2026
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).
| 10/15/2026 | Listed 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
Estimated Monthly Payment
$1,627/mo
Principal & Interest
$1,277
Property Tax
$200
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 5 hours ago
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