551 Michigan Avenue 223, Miami Beach, FL 33139 (MLS# A12107402)

551 Michigan Avenue 223, Miami Beach, FL 33139

$240,000
Property Type: Residential Bedrooms: 1 Baths: 1 Square Footage: 504 Status: Active
Current Price: $240,000 List Date: 10/15/2026 Last Modified: 10/30/2026

Overview

Description

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 ...

Listing Details MLS# A12107402

General Property Information

Unit Floor #
2
Property Sub Type
Condominium
Bedrooms Total
Yes
Bathrooms Total
Yes
Bathrooms Full
Yes
Building Area Main
504
Living Area Main
504
Adjusted Area Main
504
Year Built
1945
Senior Community YN
Yes
Stories Total
2

Property Features

Application Information: 1-2 Weeks Approval; Association Approval Required Association Fee Includes: Insurance; Trash; Water Flooring: Ceramic Tile Leasing Permitted Details: Okay To Lease; Okay To Lease During First Year Parking Features: On Street Appliances: Dishwasher; Disposal; Microwave; Refrigerator Construction Materials: Block Cooling: Central Air Association Type: Condominium Heating: None Interior Features: Pantry Listing Terms: Cash; Conventional; Other Pets Allowed YN: Yes Possession: Subject To Tenant Rights; Other Security Features: Security Fence Special Information: Sold As-Is Tax Information: Tax Reflects No Exemptions Unit Description: Corner/End Unit View: Garden Water Access: None Showing Requirements: Appointment Only; Call Listing Agent; Listing Agent Must Accompany; No Sign; Showing Service

Contract Information

Comp Sale YN
No
Original List Price
240000
Occupant Type
Tenant

Location and Legal

Country
United States
County Or Parish
Miami-Dade
County Parish Name
Miami-Dade
Street Number
551
Street Name
Michigan
Street Suffix
Avenue
Unit Number
223
City Name
Miami Beach
Municipal Code
2
State Or Province
FL
Postal Code
33139
Postal Code +4
6351
Postal Zip
33139
Subdivision Name
551/557 MICHIGAN CONDO
Area
2420
Elementary School
Miami Beach South Pointe
Middle Or Junior School
Miami Beach Nautilus
High School
Miami Beach
Special Assessment YN
No
Parcel Number
0242033640160
Subdivision Number
364
Flood Zone
AE
Directions
as er apple map

Financial Information

Association YN
Yes
Association Fee
581
Association Fee Frequency
Monthly
Application Required YN
Yes
Estimated Monthly Assoc Recurring Fee
581
Membership Fee Required YN
No
Tax Annual Amount
3487
Tax Year
2025
Tax Legal Description
551/557 MICHIGAN CONDO UNIT 223 UNDIV 1/20 INT IN COMMON ELEMENTS OFF REC 29549-1661

Status Change Information

Major Change Timestamp
2026-10-15T04:00:00Z
Major Change Type
New Listing
Status Change Date
2026-10-15

More Information

Application Fee Details

Application Fee Required
Yes
Application Fee
150

Entry Information

Entry Level
2

Leasing Permitted Details

Leasing Permitted YN
Yes

Short Sale Details

Short Sale Addendum
No

Leasing Restrictions

Leasing - Max Times Per Year
Yes
Leasing - Minimum Number of Days
365

Storm Protection

Impact Glass
Partial

Price Calculations

Current Price To SqFt
476.19

Section Details

Parcel Number MLX
0160

Originating Details

Originating System Key
567170289
Originating System ID
M00000151
IDX
Listing Office: Lifestyle International Realty
Source MLS Verified
Last Updated: October - 30 - 2026
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