MIAMI LUXHomes

551 Michigan Ave # 223, Miami Beach, FL 33139

$240,0001 Beds1 Baths504 Sq. Ft.$476 / sq. ft.

Miami Beach, FL 33139 · 551/557 Michigan Condo

Status
Active
Type
Condominium
Year Built
1945
Days on Market
1
MLS #
A12107402
County
Miami-Dade County

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 homeMiami Beach median (12 mo)
Price per sq. ft.$476$615
1-bedroom price$240,000$350,000
Days on market184

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

Courtesy of Lifestyle International Realty

Comparable Listings in Miami Beach

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.