$5,600,000
560 Michigan Avenue
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
- $5,600,000
- Price per sq ft
- N/A
- Original price
- $5,800,000
- Days on market
- 66
This commercial property in ZIP 33139 is listed at $5,600,000. The asking price has come down 3.4% from its original $5,800,000. It has been on the market for 66 days.
Estimated monthly payment
$29,430 /mo
Principal and interest only, based on $1,120,000 down (20%), a 6.875% 30-year fixed rate. Property taxes, homeowners insurance are not included.
Customize this estimateListing Snapshot
- Price
- $5,600,000
- Days on Site
- 66 Days
- Bedrooms
- 0
- Total Baths
- 0
- Total Sq Ft
- 5,524 sqft
- Lot Size
- 0.23 Acres
- Year Built
- 1937
- Property Type
- Commercial
- MLS #
- A12057167
- County
- Miami Dade
- Status
- Active
About This Property
This income producing property includes two renovated buildings in Miami Beach with furnished one & two bedroom apartments, licensed for short term rentals and currently leased on an NNN basis to an operating company. A future owner can choose to keep the operating company in place, enjoying steady income not subject to occupancy fluctuations, or instead operate under own management. The remodeled 9 units offer fully equipped kitchens & bathrooms as well as central AC. The property consists of two separate folios and is located on a double corner lot at 6th Street and Michigan Avenue in the heart of South Beach, close to the 5th Street Mall and the new Five Park residential tower & City park. Ocean Drive, the beach as well as the exclusive South of Fifth neighborhood are just blocks away, making this an extremely attractive location for visitors and short term tenants. Zoning is CPS2 commercial - residential mix used - FAR 2,which allows further development up to 20,000 Sq/Ft. Please ask us for proposed design renderings.
Virtual TourGeneral Features
- Property Type
- Commercial
- Status
- Active
- Year Built
- 1937
- Number of Stories
- 2
- Parking
- Assigned
- Lot Size (Acres)
- 0.23
- Total Sq Ft
- 5,524
- Zoning
- 6503
Exterior Features
- Construction
- Block
Community & HOA
- Financing Terms
- Cash / Conventional
- MLS Area
- 2420
About the Area
Browse Miami Beach homes for sale across every neighborhood and price point in Miami-Dade. Available homes span single-family, townhome, and condo segments throughout the city. Miami Beach includes gated golf communities, 55+ active adult neighborhoods, waterfront estates, and newer master-planned subdivisions. HOA fees vary by community type, from modest maintenance fees in non-gated subdivisions to higher dues in full-amenity country clubs. The city sits within Miami-Dade, offering access to South Florida beaches, major employment centers, and healthcare hubs. For current Miami-Dade market data, see Florida Realtors' monthly statistics. Browse the latest Miami Beach listings below. Then connect with a Pure Equity agent to schedule a private showing.
- Homes for Sale
- 2,637
- Median List Price
- $659,000
- Median $/Sq Ft
- $688
- Avg Days on Market
- 170
Frequently Asked Questions
- How do I schedule a tour of 560 Michigan Avenue, Miami Beach, FL 33139?
- Use the Tour button on this listing to request a showing of 560 Michigan Avenue, 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 560 Michigan Avenue, Miami Beach, FL 33139 still available?
- 560 Michigan Avenue, Miami Beach, FL 33139 is currently listed as Active, and has been on the market 66 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 560 Michigan Avenue, Miami Beach, FL 33139?
- With 20% down ($1,120,000) on the $5,600,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 560 Michigan Avenue, Miami Beach, FL 33139 is about $29,430/mo, before property taxes, insurance. Use the payment estimate on this page to adjust the down payment and rate.
- How do I get pre-approved to buy 560 Michigan Avenue, Miami Beach, FL 33139?
- Getting pre-approved shows sellers you're a serious buyer and clarifies your true budget before you offer on 560 Michigan Avenue, Miami Beach, FL 33139. Contact Pure Equity and we'll connect you with a trusted local lender to review your financing options, no obligation.
- Can I negotiate the price of 560 Michigan Avenue, Miami Beach, FL 33139?
- Often, yes. The right offer on 560 Michigan Avenue, Miami Beach, FL 33139 depends on how it's priced against comparable commercial 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 The Corcoran Group
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.
$5,600,000
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Listed by Frank Euler, The Corcoran Group
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Recent Sales
Recently sold homes in ZIP 33139
These are the last 6 recorded closings in ZIP 33139, with the price each home actually sold for rather than what it was listed at. They closed at a median of $875 per square foot. The most recent closed on October 1, 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$199,000
Sold · October 1, 2026
717 Espanola Way 205
0 bed · 1 bath · 414 sqft · $481/sqft
$18,700 under the asking price
Sold$415,000
Sold · September 30, 2026
401 Ocean Drive 403
1 bed · 1 bath · 659 sqft · $630/sqft
$20,000 under the asking price
Sold$1,135,000
Sold · September 30, 2026
400 S Pointe Drive 1905
2 bed · 2 bath · 1,042 sqft · $1,089/sqft
$115,000 under the asking price
Sold$1,140,000
Sold · September 29, 2026
11 Island Avenue 411
2 bed · 2.5 bath · 1,733 sqft · $658/sqft
$55,000 under the asking price
Sold$600,000
Sold · September 29, 2026
110 Washington Avenue 2310
1 bed · 1 bath · 686 sqft · $875/sqft
$29,900 under the asking price
Sold$2,800,000
Sold · September 29, 2026
455 W Dilido Drive
3 bed · 3 bath · 1,693 sqft · $1,654/sqft
$199,000 under the asking price
See every recorded sale in ZIP 33139 or find out what your ZIP 33139 home is worth.
