Condominium for sale

$240,000

551 Michigan Ave #223Miami Beach, FL 33139

  • 1 Beds
  • 1 Baths
  • 504 Sq ft
  • 1945 Built

About this home

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!

Details

MLS #
A12107402
Property type
Condominium
Status
Active
Days on market
1
Neighborhood
551/557 MICHIGAN CONDO
County
Miami-Dade County
HOA / association fee
$581 monthly
Property taxes
$3,487 (2025)
Waterfront
No
Private pool
No
View
Garden View
Cooling
Central Air
Interior features
Second Floor Entry, Pantry
Appliances
Dishwasher, Disposal, Microwave, Refrigerator

Location

Estimated payment

$2,085/mo with 20% down at 6.5% for 30 years, including taxes and HOA, before insurance.

Adjust in the mortgage calculator

Listing courtesy of Lifestyle International Realty · Dunay Almir. Listing last updated October 15, 2026 11:00 PM.

REALTOR® and MLS logo

The multiple listing information is provided by the MIAMI Association of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are © 2026 MIAMI Association of REALTORS®. All rights reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Data last updated October 26, 2026 1:15 PM.

Like a property?

Call or text Edward Ferenczi at 786-556-6446

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