$255,000
1551 Michigan Avenue 12
Miami Beach, FL 33139
Explore the area: Miami Beach homes for sale · Miami Dade County real estate
Price Check
How this price compares
- List price
- $255,000
- Price per sq ft
- $510
- Vs. nearby sales
- 7.6% above
- Days on market
- 64
This 1-bedroom condo in Lincoln Place Condo is listed at $255,000, or $510 per square foot. It has been on the market for 64 days. The 3 most recent condo sales in the closings shown below sold at a median of $474 per square foot, so the asking price is 7.6% above what comparable homes here actually sold for.
Estimated monthly payment
$1,340 /mo
Principal and interest only, based on $51,000 down (20%), a 6.875% 30-year fixed rate. Property taxes, homeowners insurance, and the $370/mo HOA are not included.
Customize this estimateListing Snapshot
- Price
- $255,000
- Days on Site
- 64 Days
- Bedrooms
- 1
- Total Baths
- 1
- Full Baths
- 1
- Partial Baths
- 0
- Living Area
- 500 sqft
- Total Sq Ft
- 500 sqft
- Year Built
- 1954
- Property Type
- Condo
- MLS #
- A12053888
- Property Tax
- $3,966 (2025)
- HOA Fees
- $370 / Monthly
- Subdivision
- LINCOLN PLACE CONDO
- County
- Miami Dade
- Status
- Active
- Special Conditions
- Listed As Is
About This Property
Enjoy the convenience of South Beach living from this well-designed 1-bedroom, 1-bath residence at Lincoln Place Condo. The second-floor unit features an open kitchen with breakfast bar, an open living and dining area, central A/C, in-unit washer and dryer, dishwasher. Located within a gated boutique building just steps from Lincoln Road, the residence offers convenient access to shopping, restaurants, Flamingo Park, entertainment, and the beach. A practical option for a primary residence, Miami Beach getaway, or investment property in one of South Beach’s most walkable locations.
Virtual TourGeneral Features
- Property Type
- Condo
- Status
- Active
- Year Built
- 1954
- Property Condition
- Resale
- Number of Stories
- 2
- Garage Spaces
- 0
- Parking
- On Street
- Living Sq Ft
- 500
- Total Sq Ft
- 500
Interior Features
- Appliances
- Dryer / Dishwasher / Microwave / Oven / Refrigerator / Washer
- Cooling
- Central Air
- Heating
- Central
- Flooring
- Wood
- Interior Features
- Breakfast Bar / None
Exterior Features
- Construction
- Block
- Exterior Features
- None
Community & HOA
- HOA Fee
- $370 / Monthly
- HOA Includes
- Common Areas / Hot Water / Insurance / Maintenance Grounds / Maintenance Structure / Roof / Sewer / Trash / Water
- Association Amenities
- Management / None
- Community Features
- Home Owners Association
- Security
- Key Card Entry / Security Fence
- Pets Allowed
- Yes
- Financing Terms
- Cash / Conventional
- Restrictions
- Okay To Lease1st Year / Ok To Lease
- MLS Area
- 2320
Schools
- Elementary School
- Miami Beach Fienberg / Fisher K-8
- High School
- Miami Beach
About the Community
- Homes for Sale
- 2
- Median List Price
- $241,000
- Median $/Sq Ft
- $482
- Avg Days on Market
- 125
Frequently Asked Questions
- How do I schedule a tour of 1551 Michigan Avenue 12, Miami Beach, FL 33139?
- Use the Tour button on this listing to request a showing of 1551 Michigan Avenue 12, Miami Beach, FL 33139. Pick a day and time and choose an in-person or video-chat tour, and a Pure Equity agent will confirm your visit, often the same day.
- Is 1551 Michigan Avenue 12, Miami Beach, FL 33139 still available?
- 1551 Michigan Avenue 12, Miami Beach, FL 33139 is currently listed as Active, and has been on the market 64 days. Status updates directly from the MLS as homes go under contract, so ask us to confirm availability before you plan a visit.
- How much is the monthly payment for 1551 Michigan Avenue 12, Miami Beach, FL 33139?
- With 20% down ($51,000) on the $255,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 1551 Michigan Avenue 12, Miami Beach, FL 33139 is about $1,340/mo, before property taxes, insurance, and HOA dues. Use the payment estimate on this page to adjust the down payment and rate.
- How do I get pre-approved to buy 1551 Michigan Avenue 12, Miami Beach, FL 33139?
- Getting pre-approved shows sellers you're a serious buyer and clarifies your true budget before you offer on 1551 Michigan Avenue 12, Miami Beach, FL 33139. Contact Pure Equity and we'll connect you with a trusted local lender to review your financing options, no obligation.
- Does 1551 Michigan Avenue 12, Miami Beach, FL 33139 have an HOA fee?
- Yes: 1551 Michigan Avenue 12, Miami Beach, FL 33139 carries an HOA fee of about $370 monthly. HOA dues usually cover community amenities and shared maintenance; ask us for the current budget, rules, and exactly what's included.
- What schools serve 1551 Michigan Avenue 12, Miami Beach, FL 33139?
- 1551 Michigan Avenue 12, Miami Beach, FL 33139 is zoned for Miami Beach Fienberg / Fisher K-8 (elementary), Miami Beach (high). School assignments and boundaries can change year to year, so confirm current zoning with the local school district before you buy.
- Can I negotiate the price of 1551 Michigan Avenue 12, Miami Beach, FL 33139?
- Often, yes. The right offer on 1551 Michigan Avenue 12, Miami Beach, FL 33139 depends on how it's priced against comparable condo sales in Miami Beach, how long it's been listed, and how motivated the seller is. Pure Equity will run the comps and help you craft a competitive, well-supported offer.
Listing courtesy of One Sotheby's International Realty
Listing information is provided by BeachesMLS, Inc.and is deemed reliable but not guaranteed accurate by the MLS or Pure Equity. Information is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. © 2026 BeachesMLS, Inc. Last updated July 23, 2026.
$255,000
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Listed by Christopher Ulloa, One Sotheby's International Realty
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Recent Sales
Recently sold homes in Lincoln Place Condo
These are the last 3 recorded closings in Lincoln Place Condo, with the price each home actually sold for rather than what it was listed at. They closed at a median of $474 per square foot. The most recent closed on July 8, 2026. Closed sales are what an appraiser and a buyer's agent will look at, so they are the starting point for pricing a home here.
Sold$237,000
Sold · July 8, 2026
1551 Michigan Avenue 10
1 bed · 1 bath · 500 sqft · $474/sqft
Sold$175,000
Sold · March 11, 2026
1551 Michigan Avenue 4
0 bed · 1 bath · 320 sqft · $547/sqft
$1,000 over the asking price
Sold$210,000
Sold · December 18, 2025
1551 Michigan Avenue 6
1 bed · 1 bath · 500 sqft · $420/sqft
$15,000 under the asking price
See every recorded sale in Lincoln Place Condo or find out what your Lincoln Place Condo home is worth.
