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557 Michigan Ave # 115, Miami Beach FL 33139

Condo/Co-op For Sale
$260,000

BTC: 3.19567355

ETH: 106.90789474

+$25K (2026/10/12)
106 days
1 bds
1 ba
426 sqft

Overview

Great renovated 1-bedroom, 1-bathroom condo in a Prime location. Enjoy the benefit of an exceptionally low monthly HOA for the area, with no special assessments. This property is currently tenant-occupied, providing immediate rental income from the day of closing. Located in a rapidly growing neighborhood, it also offers excellent flexibility for investors, with the ability to rent every 30 days. Just steps from the beach, upscale dining, and premier shopping, this is an outstanding opportunity for both investors and future homeowners seeking a property in one of the area's most sought-after locations.

Location

Florida • Miami Beach • 33139 • Condo/Co-op • For Sale

Details

Type:
Residential
Parking:
None
Year Built:
1945
Lot:
No Data
Heating:
Central
Price/sqft:
$610
Cooling:
Central Air
HOA:
$450

Valuation

Our model vs. what's actually selling nearby.
Estimate
$212,000
$155K – $250K
Confidence Low
List vs. estimate
$48K above estimate
List $260,000 · +22.6%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Price per sq ft
$610
+5.1% vs. city median $580
Based on
6 MLS comparables
+ 30 public-records sales within 0.5 mi
Median actual sale: $451K
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$4,047
2025
HOA
$450/mo
View
Garden View, None
All facts and features

  • Heating

    • Central

    Cooling

    • Central Air

    Appliances

    • Dishwasher

    Other interior features

    • First Floor Entry

    Bedrooms and bathrooms

    • Bedrooms: 1

    • Full bathrooms: 1

  • Parking

    • None

    Property

    • Exterior Features: None / Other

    Other Property Information

    • Parcel Number: 02-42-03-364-0090

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Condominium

  • Other financial information

    • HOA: $450

    • HOA Frequency: Monthly

    • Annual tax amount: $4,047

  • Source details

    • MLS ID: A12046382

    Other facts

    • Construction Materials: Concrete Block Construction

    • Living Area: 426

    • 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.

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ENCLAVE ON SOUTH BEACH, Miami Beach
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Market around this address

Live counts in the same area.
View all
This zip
33139
387
median $545K
Active
Same city
Miami Beach
1,036
median $649K
Active
Same type
Condo/Co-op
759
median $549K
Active
Similar price
$182K – $338K
195
median $265K
Active

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: Miami Beach Real Estate Group