$4,500,000
733 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
- $4,500,000
- Price per sq ft
- N/A
- Original price
- Unchanged
- Days on market
- 22
This commercial property in ZIP 33139 is listed at $4,500,000. It has been on the market for 22 days.
Estimated monthly payment
$23,649 /mo
Principal and interest only, based on $900,000 down (20%), a 6.875% 30-year fixed rate. Property taxes, homeowners insurance are not included.
Customize this estimateListing Snapshot
- Price
- $4,500,000
- Days on Site
- 22 Days
- Bedrooms
- 0
- Total Baths
- 0
- Total Sq Ft
- 6,802 sqft
- Lot Size
- 0.32 Acres
- Year Built
- 1938
- Property Type
- Commercial
- MLS #
- A12037030
- County
- Miami Dade
- Status
- Active
About This Property
733 Michigan is an exceptionally rare, fully gut-renovated multifamily asset situated on an oversized double lot in the heart of South Beach. Simply put, the Property represents a one-of-a-kind South Beach asset and one of the most comprehensively upgraded Art Deco multifamily offerings currently available in this highly sought-after market.The site’s expansive footprint stands in sharp contrast to the densely built, smaller-parcel properties that define the surrounding area, offering a scale and openness rarely encountered in this submarket. In addition, a sister property located at 1535 West Avenue—comprised of 8 similarly renovated units—is available for acquisition either individually or as part of a portfolio, providing investors with immediate scale and operational efficiencies.Ownership has invested over $860,000 to transform the Property into a best-in-class rental asset, featuring high-end, condo-quality finishes throughout. 733 Michigan consists of eight (8) 2-bedroom / 1-bathroom units averaging $2,925 in current rents and two (2) 3-bedroom / 2-bathroom units averaging $4,350, most secured under 12-month leases. All units are fully furnished. Given the level of renovation and unit finishes, the asset is well-positioned for a potential future condominium conversion, offering an additional monetization pathway atop strong in-place cash flow.
Virtual TourGeneral Features
- Property Type
- Commercial
- Status
- Active
- Year Built
- 1938
- Number of Stories
- 1
- Lot Size (Acres)
- 0.32
- Total Sq Ft
- 6,802
- Zoning
- 3900
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
- 2,651
- Median List Price
- $650,000
- Median $/Sq Ft
- $687
- Avg Days on Market
- 169
Frequently Asked Questions
- How do I schedule a tour of 733 Michigan Avenue, Miami Beach, FL 33139?
- Use the Tour button on this listing to request a showing of 733 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 733 Michigan Avenue, Miami Beach, FL 33139 still available?
- 733 Michigan Avenue, Miami Beach, FL 33139 is currently listed as Active, and has been on the market 22 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 733 Michigan Avenue, Miami Beach, FL 33139?
- With 20% down ($900,000) on the $4,500,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 733 Michigan Avenue, Miami Beach, FL 33139 is about $23,649/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 733 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 733 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 733 Michigan Avenue, Miami Beach, FL 33139?
- Often, yes. The right offer on 733 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 CBRE, Inc.
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 June 23, 2026.
$4,500,000
Interested in This Property?
Contact us to schedule a showing or ask a question.
Own a home near this one? See what it would sell for today
Listed by Periklis Synanidis, CBRE, Inc.
Map & Location
Featured Communities
Cities in Miami-Dade County
Zip Codes in Miami-Dade County
Property Types
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 $679 per square foot. The most recent closed on October 4, 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$329,000
Sold · October 4, 2026
1100 West Avenue 1606
0 bed · 1 bath · 477 sqft · $690/sqft
$56,000 under the asking price
Sold$215,000
Sold · October 2, 2026
740 Meridian Avenue 17
1 bed · 1 bath · 426 sqft · $505/sqft
Sold$360,000
Sold · October 1, 2026
100 Lincoln Road 537
1 bed · 1 bath · 530 sqft · $679/sqft
$30,000 under the asking price
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
See every recorded sale in ZIP 33139 or find out what your ZIP 33139 home is worth.
