557 Michigan Avenue 115, Miami Beach, FL 33139 (MLS# A12046382)

557 Michigan Avenue 115, Miami Beach, FL 33139

New Listing
$235,000
Property Type: Residential Bedrooms: 1 Baths: 1 Square Footage: 426 Status: Active
Current Price: $235,000 List Date: 7/01/2026 Last Modified: 7/01/2026

Overview

Description

Great renovated 1-bedroom, 1-bathroom condo in a Prime location. Enjoy the benefit of an exceptionally low monthly HOA for the area, with no special assessments.This property is currently tenant-occupied, providing immediate rental income from the day of closing. Located in a rapidly growing neighborhood, it also offers excellent flexibility for investors, with the ability to rent every 30 days.Just steps from the beach, upscale dining, and premier shopping, this is an outstanding opportunity for both investors and future homeowners seeking a property in one of the area's most sought-after locations.

Listing Details MLS# A12046382

General Property Information

Unit Floor #
Yes
Property Sub Type
Condominium
Bedrooms Total
Yes
Bathrooms Total
Yes
Bathrooms Full
Yes
Building Area Main
426
Living Area Main
426
Adjusted Area Main
426
Year Built
1945
Senior Community YN
No
Stories Total
2

Property Features

Application Information: 1-2 Weeks Approval Association Fee Includes: Sewer; Water Exterior Features: Other Flooring: Laminate Leasing Permitted Details: Okay To Lease; Okay To Lease During First Year Property Condition: Resale Appliances: Dishwasher Construction Materials: Block Cooling: Central Air Association Type: Condominium Heating: Central Listing Terms: Cash; Conventional Pets Allowed YN: Yes Possession: Close Of Escrow Restrictions: Other Restrictions Security Features: Other Tax Information: Tax Reflects No Exemptions View: Garden Showing Requirements: Call Listing Agent

Contract Information

Comp Sale YN
No
Original List Price
235000
Occupant Type
Tenant

Location and Legal

Country
United States
County Or Parish
Miami-Dade
County Parish Name
Miami-Dade
Street Number
557
Street Name
Michigan
Street Suffix
Avenue
Unit Number
115
City Name
Miami Beach
Municipal Code
2
State Or Province
FL
Postal Code
33139
Postal Code +4
6325
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
0242033640090
Subdivision Number
364
Flood Zone
AE

Financial Information

Association YN
Yes
Association Fee
450
Association Fee Frequency
Monthly
Application Required YN
Yes
Membership Fee Required YN
No
Tax Annual Amount
4047
Tax Year
2025
Tax Legal Description
551/557 MICHIGAN CONDO UNIT 115 UNDIV 1/20 INT IN COMMON ELEMENTS OFF REC 29549-1661

Status Change Information

Major Change Timestamp
2026-07-01T04:00:00Z
Major Change Type
New Listing
Status Change Date
2026-07-01

More Information

Application Fee Details

Application Fee Required
Yes
Application Fee
150

Entry Information

Entry Level
Yes

Leasing Permitted Details

Leasing Permitted YN
Yes
Okay To Lease
Yes
Okay To Lease During First Year
Yes

Leasing Restrictions

Leasing - Max Times Per Year
12
Leasing - Minimum Number of Days
30

Price Calculations

Current Price To SqFt
551.64

Section Details

Parcel Number MLX
0090

Originating Details

Originating System Key
520403777
Originating System ID
M00000151

Office/Member Information

DXORIGMLSID
SEF

Application Information

1-2 Weeks Approval
Yes

Amenities

Laundry
Yes

Association Fee Includes

Sewer
Yes
Water
Yes

Exterior Features

Other
Yes

Flooring

Laminate
Yes

Property Condition

Resale
Yes

Possession

Close Of Escrow
Yes

View

Garden
Yes

Heating

Central
Yes

Appliances

Dishwasher
Yes

Construction Materials

Block
Yes

Listing Terms

Cash
Yes
Conventional
Yes

Security Features

Other
Yes

Cooling

Central Air
Yes

Association Type

Condominium
Yes

Showing Requirements

Call Listing Agent
Yes

Master Bedroom/Bath

Bedroom On Entry Level
Yes

Pets Allowed YN

Yes
Yes

Restrictions

Other Restrictions
Yes

Tax Information

Tax Reflects No Exemptions
Yes
IDX
Listing Office: Miami Beach Real Estate Group
Last Updated: July - 01 - 2026
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