Sell Your Home
Get a free home valuation
Contact
Tell us about your needs

551 Michigan Ave # 223, Miami Beach FL 33139

Condo/Co-op For Sale
$240,000

BTC: 2.94985251

ETH: 98.68421053

New
1 bds
1 ba
504 sqft

Overview

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!

Location

Details

Type:
Residential
Parking:
None / On Street
Year Built:
1945
Lot:
No Data
Heating:
None
Price/sqft:
$476
Cooling:
Central Air
HOA:
$581

Valuation

Our model vs. what's actually selling nearby.
Estimate
$240,000
$190K – $460K
Confidence Low
List vs. estimate
At estimate
List $240,000 · +0.0%
List is in line with recent comparable activity.
Price per sq ft
$476
-18.0% vs. city median $580
Based on
9 MLS comparables
+ 30 public-records sales within 0.5 mi
Median actual sale: $505K
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$3,487
2025
HOA
$581/mo
View
Garden View
All facts and features
  • Flooring

    • Ceramic Floor

    Heating

    • None

    Cooling

    • Central Air

    Appliances

    • Dishwasher

    • Disposal

    • Microwave

    • Refrigerator

    Other interior features

    • Second Floor Entry

    • Pantry

    Bedrooms and bathrooms

    • Bedrooms: 1

    • Full bathrooms: 1

  • Parking

    • None

    • On Street

    Other Property Information

    • Parcel Number: 02-42-03-364-0160

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Condominium

  • Other financial information

    • HOA: $581

    • HOA Frequency: Monthly

    • Annual tax amount: $3,487

  • Source details

    • MLS ID: A12107402

    Other facts

    • Construction Materials: Concrete Block Construction

    • Window Features: Clear Impact Glass

    • Architectural Style: Corner Unit

    • Living Area: 504

    • Subdivision Name: 551/557 MICHIGAN CONDO

Private inquiry
Talk to the advisor on this listing.
Floor plans, HOA docs, off-market comparables, scheduling a private showing — one message, direct to the local specialist.

More like this

New
For Sale
$299,000
Condo/Co-op
· 1 ba · 552 sqft
MIRADOR 1200 CONDO, Miami Beach
1200 West Avenue # 324, Miami Beach FL 33139
New
For Sale
$299,900
Condo/Co-op
· 1 ba · 746 sqft
MIRADOR 1000 CONDO, Miami Beach
1000 West Ave # 1121, Miami Beach FL 33139
New
For Sale
$208,000
Condo/Co-op
1 bds · 1 ba · 410 sqft
ELISA CONDO, Miami Beach
801 15th St # 208, Miami Beach FL 33139
New
For Sale
$260,000
Condo/Co-op
· 1 ba · 420 sqft
ENCLAVE ON SOUTH BEACH, Miami Beach
349 Meridian Ave # B202, Miami Beach FL 33139
New
For Sale
$229,000
Condo/Co-op
1 bds · 1 ba · 514 sqft
DORANN CONDO,Dorann, Miami Beach
1244 Pennsylvania Ave # 306, Miami Beach FL 33139
New
For Sale
$240,000
Condo/Co-op
· 1 ba · 460 sqft
THE ANTON CONDO, Miami Beach
1018 Euclid Ave # 2, Miami Beach FL 33139
For Sale
$274,900
Condo/Co-op
· 1 ba · 543 sqft
MIRADOR 1000 CONDO, Miami Beach
1000 West Avenue # 531, Miami Beach FL 33139
For Sale
$299,000
Condo/Co-op
1 bds · 1 ba · 550 sqft
1523 WEST CONDO, Miami Beach
1523 West Ave # 202, Miami Beach FL 33139

Market around this address

Live counts in the same area.
View all

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-present 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. Listing courtesy of: Lifestyle International Realty