Condominium
945 Michigan Ave # 5
945 Michigan Ave # 5, Miami Beach FL 33139 Get directions
$599,000
2 Beds · 2 Baths · 976 SqFt
See estimated monthly costThis 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
Nearby schools
- Lubavitch Educational Center - Yeshiva Gedolah
- BaseCamp 305 Jr
- Miami Beach South Pointe Elementary
- Miami Beach Adult & Community Education Center
- South Pointe Elementary School
- Miami Beach Fienberg/Fisher K-8 Center
- Lincoln-Marti Community Agency 41
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