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557 Michigan Ave, Miami Beach FL 33139

Condo/Co-op Active With Contract
$299,000

BTC: 3.67502458

ETH: 122.94407895

-$31K (2026/10/03)
32 days
1 bds
1 ba
521 sqft

Overview

Spacious and well-maintained 1-bedroom, 1-bath residence in a charming boutique building in the heart of South Beach. This interior unit boasts a bright, open layout with vinyl flooring throughout, ample closet space, and a functional kitchen. Enjoy abundant natural light in a quiet setting just steps from Lincoln Road, Flamingo Park, restaurants, shopping, and public transportation, with easy access to the beach and major roadways. One assigned outdoor parking space included. Ideal for embracing the quintessential Miami Beach lifestyle.

Location

Details

Type:
Residential
Parking:
1 Space / Assigned
Year Built:
1945
Lot:
No Data
Heating:
Central
Price/sqft:
$574
Cooling:
Central Air
HOA:
$581

Valuation

Our model vs. what's actually selling nearby.
Estimate
$240,000
$190K – $460K
Confidence Low
List vs. estimate
$59K above estimate
List $299,000 · +24.6%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Price per sq ft
$573
-1.2% vs. city median $580
Based on
9 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
$3,612
2025
HOA
$581/mo
View
Garden View
Pets
Restrictions Or Possible Restrictions
All facts and features
  • Flooring

    • Tile

    Heating

    • Central

    Cooling

    • Central Air

    Appliances

    • Dishwasher

    • Refrigerator

    Other interior features

    • First Floor Entry

    Bedrooms and bathrooms

    • Bedrooms: 1

    • Full bathrooms: 1

  • Parking

    • 1 Space

    • Assigned

    Property

    • Exterior Features: Courtyard

    Other Property Information

    • Parcel Number: 02-42-03-364-0020

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Condominium

  • Other financial information

    • HOA: $581

    • HOA Frequency: Monthly

    • Annual tax amount: $3,612

  • Source details

    • MLS ID: A12084241

    Other facts

    • Construction Materials: CBS Construction

    • Architectural Style: Garden Apartment

    • Living Area: 521

    • 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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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: Compass Florida, LLC