
551 Michigan Ave # 223, Miami Beach, FL 33139
Miami Beach, FL 33139 · 551/557 Michigan Condo
About 551 Michigan Ave # 223, Miami Beach, FL 33139
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!
How This Listing Compares in Miami Beach
Per square foot, it is asking 23% below the Miami Beach median for sales closed over the last twelve months.
| This home | Miami Beach median (12 mo) | |
|---|---|---|
| Price per sq. ft. | $476 | $615 |
| 1-bedroom price | $240,000 | $350,000 |
| Days on market | 1 | 84 |
Medians from closed MLS sales in Miami Beach; a starting point, not an appraisal.
Home Features at 551 Michigan Ave # 223, Miami Beach, FL 33139
- Bathrooms Full
- 1
- Bathrooms Half
- 0
- Interior Features
- Second Floor Entry, Pantry
- Appliances
- Dishwasher, Disposal, Microwave, Refrigerator
- Flooring
- Ceramic Floor
- Heating
- None
- Cooling
- Central Air
- Architectural Style
- Corner Unit
- Garage Spaces
- 0
- Parking Features
- None, On Street
- Pool Private
- No
- Year Built Details
- Effective Year Built
The Building at 551 Michigan Ave # 223, Miami Beach, FL 33139
- Building Name
- 551/557 Michigan Condo
- Building Area Total
- 504
- Building Area Units
- Square Feet
- Stories Total
- 2
- Entry Level
- 2
- Association
- Yes
- Association Fee
- $581
- Association Fee Frequency
- Monthly
- Association Amenities
- None
- Security Features
- Complex Fenced
Lot, Views & Construction at 551 Michigan Ave # 223, Miami Beach, FL 33139
- Lot Size Square Feet
- 0
- Waterfront
- No
- View
- Garden View
- Construction Materials
- Concrete Block Construction
- New Construction
- No
Taxes & Public Record for 551 Michigan Ave # 223, Miami Beach, FL 33139
- Parcel Number
- 02-42-03-364-0160
- Tax Annual Amount
- $3,487
- Tax Year
- 2,025
- Tax Legal Description
- 551/557 MICHIGAN CONDO UNIT 223 UNDIV 1/20 INT IN COMMON ELEMENTS OFF REC 29549-1661
- County Or Parish
- Miami-Dade County
Map & Neighborhood
551 Michigan Ave # 223, Miami Beach, FL 33139 · More homes in Miami Beach
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551 Michigan Ave # 223, Miami Beach, FL 33139 at a Glance
Offered for sale in Miami Beach 33139, 551 Michigan Ave # 223 is a condo with 1 bedroom, 1 bathrooms and about 504 square feet of living space, dating to 1945. The asking price is $240,000, on the market since October 15, 2026, with Lifestyle International Realty as the listing brokerage. Public schools are run by the Miami-Dade County school district. Ask Matthew Gromadzki for a private showing, the full disclosure package, or comparable sales before you make an offer.