945 Michigan Avenue 5, Miami Beach, FL 33139 (MLS# A12029487)

945 Michigan Avenue 5, Miami Beach, FL 33139

$599,000
Property Type: Residential Bedrooms: 2 Baths: 2 Square Footage: 976 Status: Active
Current Price: $599,000 List Date: 6/02/2026 Last Modified: 9/01/2026

Overview

Description

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 ...

Listing Details MLS# A12029487

General Property Information

Total Units In Building
8
Unit Floor #
3
Property Sub Type
Condominium
Bedrooms Total
2
Bathrooms Total
2
Bathrooms Full
2
Building Area Main
976
Living Area Main
976
Adjusted Area Main
976
Year Built
2007
Garage YN
Yes
Attached Garage YN
Yes
Garage Spaces
Yes
Covered Spaces
Yes
Senior Community YN
No
Outdoor Living Spaces YN
Yes
Stories Total
4

Property Features

Application Information: 1-2 Weeks Approval; Association Approval Required; Rapid Approval Association Fee Includes: Elevator; Insurance; Maintenance Grounds; Maintenance Structure; Reserve Funds; Roof Repairs; Sewer; Trash; Water Electric: Circuit Breakers Flooring: Tile; Wood Leasing Permitted Details: Okay To Lease Parking Features: Garage Door Opener; Under Building; Attached; Attached Garage; Garage Property Condition: Resale Appliances: Dishwasher; Disposal; Dryer; Electric Range; Microwave; Refrigerator; Washer Water Heater Details: Electric Water Heater Construction Materials: CBS Association Type: Condominium Heating: Electric Interior Features: Elevator Listing Terms: Cash; Conventional; Cryptocurrency Pets Allowed YN: Yes Possession: Close Of Escrow Security Features: Entry - Phone/Intercom; Secured Garage/Parking; Smoke Detector(s) Tax Information: City/County View: Garden Window Features: Sliding Showing Requirements: Appointment Only; Call Listing Agent Outdoor Living Spaces: Balcony Balcony Details: Balcony - Open

Contract Information

Comp Sale YN
No
Original List Price
599000
Occupant Type
Tenant

Location and Legal

Country
United States
County Or Parish
Miami-Dade
County Parish Name
Miami-Dade
Street Number
945
Street Name
Michigan
Street Suffix
Avenue
Unit Number
5
City Name
Miami Beach
Municipal Code
2
State Or Province
FL
Postal Code
33139
Postal Code +4
5387
Postal Zip
33139
Subdivision Name
THE TERRACE CONDO
Area
2420
Elementary School
Miami Beach Fienberg / Fisher K-8
High School
Miami Beach
Special Assessment YN
Yes
Parcel Number
0242033360050
Subdivision Number
336
Flood Zone
AE

Financial Information

Association YN
Yes
Association Fee
1456
Association Fee Frequency
Monthly
Application Required YN
Yes
Estimated Monthly Assoc Recurring Fee
1456
Membership Fee Required YN
No
Tax Annual Amount
6685
Tax Year
2025
Tax Legal Description
THE TERRACE CONDO UNIT 5 UNDIV 975.85/7232.26 INT IN COMMON ELEMENTS OFF REC 26092-2051

Status Change Information

Major Change Timestamp
2026-06-02T04:00:00Z
Major Change Type
New Listing
Status Change Date
2026-06-12

More Information

Application Fee Details

Application Fee Required
Yes
Application Fee
150

Leasing Permitted Details

Leasing Permitted YN
Yes

Parking Information

Open Parking Spaces
Yes

Leasing Restrictions

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

Storm Protection

Impact Glass
Complete

Price Calculations

Current Price To SqFt
613.72

Section Details

Parcel Number MLX
0050

Originating Details

Originating System Key
503248080
Originating System ID
M00000151
IDX
Listing Office: VantaSure Realty LLC
Last Updated: September - 01 - 2026
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