Condominium

945 Michigan Ave # 5

945 Michigan Ave # 5, Miami Beach FL 33139 Get directions

$599,000

For Sale

2 Beds · 2 Baths · 976 SqFt

See estimated monthly cost

This listing is courtesy of VantaSure Realty LLC. Mxim Madcedi

Overview

This condo it is rented till August 2027. Amazing Opportunity in Miami Beach!Why should I buy this condo? Rare chance to own one of the best values currently available in the area. Built in 2007, this newer boutique building offers features that are difficult to find at this price point.Association requirements are buyer-friendly with no minimum credit score requirement, no income verification requirement, and no minimum down payment requirement imposed by the association. Unlike many buildings in the area, you don't need a large down payment to buy. Qualified buyers may finance with as little as 3%-5% down, potentially saving tens of thousands of dollars compared to condos requiring 20%-25% or more down. Many condos in the same price range are located in much older buildings dating back to the 1950s, while this property combines modern construction with extensive recent building improvements. The building features assigned indoor parking, two beautiful rooftop terraces, impact windows and doors, and has recently completed major upgrades including building recertification/inspection, concrete restoration work, new roof, and a complete interior and exterior repainting. Inside, the unit has been updated with brand-new flooring in both bedrooms, a new A/C unit, and includes a washer, dryer, dishwasher, and more. Spacious layout, modern construction, and a prime Miami Beach location make this an exceptional value ! Schedule your showing today.

Facts & features

Interior

Living area (sq ft)
976
Full bathrooms
2
  • Elevator

Building & exterior

Year built
2007
Garage spaces
1
Covered spaces
1
  • Garden View
  • None
  • Open Balcony
  • 1 Space
  • Additional Spaces Available
  • Parking-Under Building

HOA (homeowners association)

Association fee
$1,456 per month
Pets allowed
Yes
  • Elevator(s)
  • Ok To Lease

Taxes

Annual tax
$6,685
Tax year
2025
Parcel number
02-42-03-336-0050

Assigned schools

Middle
Nautilus
High
Miami Beach

Listing

MLS number
A12029487
Property type
Condominium
Price per SqFt
$614
Subdivision
THE TERRACE CONDO
On market since
Jun 2, 2026
Days on market
81

Estimated monthly cost

$5,491 per month

Principal & interest (30 yr)
$3,029
Property tax
$557
Insurance (estimated)
$449
Association fee
$1,456

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

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Nearby schools

  • Lubavitch Educational Center - Yeshiva Gedolah Private · 01-12 · 0.25 mi
  • BaseCamp 305 Jr Private · KG-KG · 0.42 mi
  • Miami Beach South Pointe Elementary Public · PK-5 · 0.48 mi
  • Miami Beach Adult & Community Education Center Public · 0 · 0.53 mi
  • South Pointe Elementary School Private · 01-10 · 0.53 mi
  • Miami Beach Fienberg/Fisher K-8 Center Public · PK-8 · 0.55 mi
  • Lincoln-Marti Community Agency 41 Private · PK-03 · 0.83 mi

Similar homes nearby

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