About This Home

This 1-bedroom, 1-bathroom condo at 551 Michigan Ave #223 in Miami Beach, FL is listed for $240,000 ($476 per sqft). Built in 1945, the home offers 504 sqft of living space on a N/A lot.

Key Features

  • Built in 1945
  • 2 stories

Property Details

2 stories
1 full
#223
1945

Amenities

A/C
Listing 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 cafes, 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!

Monthly Cost Estimate

$1,865/mo

20% down · 6.5% · 30 years

Principal$174
Interest$1,040
Insurance$70
HOA$581

Estimates only. Actual payments may vary.

Location

551 Michigan Ave #223

Miami Beach, FL 33139

551/557 MICHIGAN CONDO

Features & Amenities

Interior Features

Bedroom on Main LevelSecond Floor EntryPantry

Exterior Features

Security/High Impact Doors

Property Details

Flooring

Tile - Ceramic

Construction

Block

Parking

On Street

Cooling

Central Air

Appliances

DishwasherDisposalMicrowaveRefrigerator

Questions & Answers

This 1-bedroom, 1-bathroom condo at 551 Michigan Ave is listed at $240,000 ($476/sqft). The estimated monthly payment is $1,865 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance, HOA fees.

HOA fees are $581/month.

Key features include: Built in 1945, 2 stories. Interior Features: Bedroom on Main Level, Second Floor Entry, Pantry. Exterior Features: Security/High Impact Doors.

This property is listed by Dunay Almir.

DA

Dunay Almir

License 3567611

Agent at Lifestyle International Realty

Listed by Lifestyle International Realty · Broker phone: (305) 809-8085 · View on Broker Site · Broker website

MLS# A12107402· Source: Miami REALTORS®· 1 day on PropertySimple

Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

551 Michigan Ave #223, Miami Beach, FL 33139

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