$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
- Unchanged
- Days on market
- N/A
This multi-family property in Ocean Beach Addn No 3 is listed at $5,600,000.
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
- 0 Days
- Bedrooms
- 0
- Total Baths
- 0
- Year Built
- 1937
- Property Type
- Multi-Family
- MLS #
- A12094992
- Property Tax
- $61,192 (2025)
- Subdivision
- OCEAN BEACH ADDN NO 3
- 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.
MLS media linkGeneral Features
- Property Type
- Multi-Family
- Status
- Active
- Year Built
- 1937
- Property Condition
- Updated Remodeled
- Number of Stories
- 2
- Structure Type
- Multi Family
- Sewer
- Public Sewer
- Zoning
- 6503
Interior Features
- Cooling
- Central Air
- Heating
- Central / Separate Meters
- Flooring
- Other
Exterior Features
- Construction
- Block
- Roof
- Other
Community & HOA
- Utilities
- Cable Available
- Financing Terms
- Cash / Conventional
- MLS Area
- 2420
Schools
- Elementary School
- Miami Beach South Pointe
- Middle School
- Miami Beach Nautilus
- High School
- Miami Beach
About the Community
Ocean Beach Addn No 3 is a luxury community in Miami Beach, Miami-Dade County, Florida. Properties are priced from $1,700,000 to $2,300,000. Pure Equity lists homes in Ocean Beach and represents buyers. Commission is negotiable, and what we are paid is agreed with you in writing before you commit to anything.
- Homes for Sale
- 13
- Under Contract
- 1
- Median List Price
- $2,150,000
- Median $/Sq Ft
- $870
- Avg Days on Market
- 110
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. 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.
- What schools serve 560 Michigan Avenue, Miami Beach, FL 33139?
- 560 Michigan Avenue, 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 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 multi-family 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 September 27, 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 Ocean Beach Addn No 3
These are the last 6 recorded closings in Ocean Beach Addn No 3, with the price each home actually sold for rather than what it was listed at. They closed at a median of $577 per square foot. The most recent closed on September 2, 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$350,000
Sold · September 2, 2026
1045 10th Street 204
1 bed · 1.5 bath · 890 sqft · $393/sqft
Sold$1,800,000
Sold · July 30, 2026
1018 Jefferson Avenue
12 bed · 11 bath · 4,689 sqft · $384/sqft
$750,000 under the asking price
Sold$2,375,000
Sold · June 22, 2026
1335 Lenox Avenue
5 bed · 3 bath · 2,363 sqft · $1,005/sqft
$124,000 under the asking price
Sold$3,550,000
Sold · April 23, 2026
1315 Lenox Avenue
3 bed · 2.5 bath · 2,378 sqft · $1,493/sqft
$300,000 under the asking price
Sold$1,900,000
Sold · March 30, 2026
1244 Michigan Avenue
5 bed · 3 bath · 3,295 sqft · $577/sqft
Sold$1,200,000
Sold · January 13, 2026
1405 Lenox Avenue
3 bed · 2 bath · 2,112 sqft · $568/sqft
$299,000 under the asking price
See every recorded sale in Ocean Beach Addn No 3 or find out what your Ocean Beach Addn No 3 home is worth.
