Condominium
551 Michigan Ave # 223
551 Michigan Ave # 223, Miami Beach FL 33139 Get directions
$240,000
1 Bed · 1 Bath · 504 SqFt
See estimated monthly costThis listing is courtesy of Lifestyle International Realty. Dunay Almir
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!
Facts & features
Interior
- Living area (sq ft)
- 504
- Full bathrooms
- 1
- Second Floor Entry
- Pantry
Building & exterior
- Year built
- 1945
- Garden View
- None
- On Street
HOA (homeowners association)
- Association fee
- $581 per month
- Pets allowed
- Yes
- None
- Ok To Lease
- Okay To Lease 1st Year
Taxes
- Annual tax
- $3,487
- Tax year
- 2025
- Parcel number
- 02-42-03-364-0160
Listing
- MLS number
- A12107402
- Property type
- Condominium
- Price per SqFt
- $476
- Subdivision
- 551/557 MICHIGAN CONDO
- On market since
- Oct 15, 2026
- Days on market
- 1
Estimated monthly cost
$2,265 per month
- Principal & interest (30 yr)
- $1,214
- Property tax
- $291
- Insurance (estimated)
- $180
- Association fee
- $581
An estimate for comparison only — not a loan offer, a quote, or a commitment to lend. Actual taxes, insurance and financing terms will differ.
Location
Nearby schools
- BaseCamp 305 Jr
- Miami Beach South Pointe Elementary
- South Pointe Elementary School
- Lubavitch Educational Center - Yeshiva Gedolah
- Miami Beach Adult & Community Education Center
- Miami Beach Fienberg/Fisher K-8 Center
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