$240,000
551 Michigan Avenue 223
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
- $240,000
- Price per sq ft
- $476
- Original price
- Unchanged
- Days on market
- 15
This 1-bedroom condo in 551/557 Michigan Condo is listed at $240,000, or $476 per square foot. It has been on the market for 15 days.
Estimated monthly payment
$1,261 /mo
Principal and interest only, based on $48,000 down (20%), a 6.875% 30-year fixed rate. Property taxes, homeowners insurance, and the $581/mo HOA are not included.
Customize this estimateListing Snapshot
- Price
- $240,000
- Days on Site
- 15 Days
- Bedrooms
- 1
- Total Baths
- 1
- Full Baths
- 1
- Partial Baths
- 0
- Living Area
- 504 sqft
- Total Sq Ft
- 504 sqft
- Year Built
- 1945
- Property Type
- Condo
- MLS #
- A12107402
- Property Tax
- $3,487 (2025)
- HOA Fees
- $581 / Monthly
- Subdivision
- 551/557 MICHIGAN CONDO
- County
- Miami Dade
- Status
- Active
- Special Conditions
- Listed As Is
About This Property
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 most desirable coastal communities. Association has no reserves; financing with 20% down may be possible, subject to lender approval. A fantastic opportunity to embrace the South Beach lifestyle while benefiting from important building upgrades. Schedule your private showing today!
MLS media linkGeneral Features
- Property Type
- Condo
- Status
- Active
- Year Built
- 1945
- Number of Stories
- 2
- Garage Spaces
- 0
- Parking
- On Street
- Living Sq Ft
- 504
- Total Sq Ft
- 504
Interior Features
- Appliances
- Dishwasher / Disposal / Microwave / Refrigerator
- Cooling
- Central Air
- Heating
- None
- Flooring
- Ceramic Tile
- Interior Features
- Bedroom On Main Level / Pantry
Exterior Features
- Construction
- Block
- Waterfront Features
- None
- View
- Garden
Community & HOA
- HOA Fee
- $581 / Monthly
- HOA Includes
- Insurance / Trash / Water
- Association Amenities
- None
- Security
- Security Fence
- Pets Allowed
- Yes
- 55+ Community
- Yes
- Financing Terms
- Cash / Conventional / Other
- Restrictions
- Okay To Lease1st Year / Ok To Lease
- MLS Area
- 2420
Schools
- Elementary School
- Miami Beach South Pointe
- Middle School
- Miami Beach Nautilus
- High School
- Miami Beach
About the Community
- Homes for Sale
- 2
- Under Contract
- 0
- Median List Price
- $250,000
- Median $/Sq Ft
- $543
- Avg Days on Market
- 68
Frequently Asked Questions
- How do I schedule a tour of 551 Michigan Avenue 223, Miami Beach, FL 33139?
- Use the Tour button on this listing to request a showing of 551 Michigan Avenue 223, 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 551 Michigan Avenue 223, Miami Beach, FL 33139 still available?
- 551 Michigan Avenue 223, Miami Beach, FL 33139 is currently listed as Active, and has been on the market 15 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 551 Michigan Avenue 223, Miami Beach, FL 33139?
- With 20% down ($48,000) on the $240,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 551 Michigan Avenue 223, Miami Beach, FL 33139 is about $1,261/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 551 Michigan Avenue 223, Miami Beach, FL 33139?
- Getting pre-approved shows sellers you're a serious buyer and clarifies your true budget before you offer on 551 Michigan Avenue 223, 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 551 Michigan Avenue 223, Miami Beach, FL 33139 have an HOA fee?
- Yes: 551 Michigan Avenue 223, Miami Beach, FL 33139 carries an HOA fee of about $581 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 551 Michigan Avenue 223, Miami Beach, FL 33139?
- 551 Michigan Avenue 223, Miami Beach, FL 33139 is zoned for Miami Beach South Pointe (elementary), Miami Beach Nautilus (middle), 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 551 Michigan Avenue 223, Miami Beach, FL 33139?
- Often, yes. The right offer on 551 Michigan Avenue 223, 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 Lifestyle 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 November 14, 2026.
$240,000
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Listed by Dunay Almir, Lifestyle International Realty
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Recent Sales
Recently sold homes in 551/557 Michigan Condo
These are the last 2 recorded closings in 551/557 Michigan Condo, with the price each home actually sold for rather than what it was listed at. They closed at a median of $552 per square foot. The most recent closed on October 30, 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$250,000
Sold · October 30, 2026
557 Michigan Avenue 211 W/PARKING
1 bed · 1 bath · 521 sqft · $480/sqft
$49,000 under the asking price
Sold$235,000
Sold · September 17, 2025
551 Michigan Avenue 125
1 bed · 1 bath · 426 sqft · $552/sqft
$4,000 under the asking price
See every recorded sale in 551/557 Michigan Condo or find out what your 551/557 Michigan Condo home is worth.
