$599,000
945 Michigan Avenue 5
Miami Beach, FL 33139
THE TERRACE CONDO
Explore the area: Miami Beach homes for sale · Miami Dade County real estate
Price Check
How this price compares
- List price
- $599,000
- Price per sq ft
- $614
- Vs. nearby sales
- 19% above
- Days on market
- 113
This 2-bedroom condo in ZIP 33139 is listed at $599,000, or $614 per square foot. It has been on the market for 113 days. The 4 most recent condo sales in the closings shown below sold at a median of $516 per square foot, so the asking price is 19% above what comparable homes here actually sold for.
Estimated monthly payment
$3,148 /mo
Principal and interest only, based on $119,800 down (20%), a 6.875% 30-year fixed rate. Property taxes, homeowners insurance, and the $1,456/mo HOA are not included.
Customize this estimateListing Snapshot
- Price
- $599,000
- Days on Site
- 113 Days
- Bedrooms
- 2
- Total Baths
- 2
- Full Baths
- 2
- Partial Baths
- 0
- Living Area
- 976 sqft
- Total Sq Ft
- 976 sqft
- Year Built
- 2007
- Property Type
- Condo
- MLS #
- A12029487
- Property Tax
- $6,685 (2025)
- HOA Fees
- $1,456 / Monthly
- Subdivision
- THE TERRACE CONDO
- County
- Miami Dade
- Status
- Active
About This Property
This condo it is rented till August 2027. Amazing Opportunity in Miami Beach!Why should I buy this condo? Rare chance to own one of the best values currently available in the area. Built in 2007, this newer boutique building offers features that are difficult to find at this price point.Association requirements are buyer-friendly with no minimum credit score requirement, no income verification requirement, and no minimum down payment requirement imposed by the association. Unlike many buildings in the area, you don't need a large down payment to buy. Qualified buyers may finance with as little as 3%-5% down, potentially saving tens of thousands of dollars compared to condos requiring 20%-25% or more down. Many condos in the same price range are located in much older buildings dating back to the 1950s, while this property combines modern construction with extensive recent building improvements.The building features assigned indoor parking, two beautiful rooftop terraces, impact windows and doors, and has recently completed major upgrades including building recertification/inspection, concrete restoration work, new roof, and a complete interior and exterior repainting.Inside, the unit has been updated with brand-new flooring in both bedrooms, a new A/C unit, and includes a washer, dryer, dishwasher, and more. Spacious layout, modern construction, and a prime Miami Beach location make this an exceptional value ! Schedule your showing today.
Virtual TourGeneral Features
- Property Type
- Condo
- Status
- Active
- Year Built
- 2007
- Property Condition
- Resale
- Number of Stories
- 4
- Garage Spaces
- 1
- Attached Garage
- Yes
- Parking
- Attached / Covered / Garage / Garage Door Opener
- Living Sq Ft
- 976
- Total Sq Ft
- 976
Interior Features
- Appliances
- Dryer / Dishwasher / Electric Range / Electric Water Heater / Disposal / Microwave / Refrigerator / Washer
- Cooling
- Electric
- Heating
- Electric
- Flooring
- Tile / Wood
- Interior Features
- Elevator / Other
- Windows
- Sliding
Exterior Features
- Construction
- Block
- Exterior Features
- Balcony / Outdoor Living Area
- Patio & Porch
- Open / Balcony
- View
- Garden
Community & HOA
- HOA Fee
- $1,456 / Monthly
- HOA Includes
- Insurance / Maintenance Grounds / Maintenance Structure / Reserve Fund / Roof / Sewer / Trash / Water
- Association Amenities
- Elevators
- Security
- Secured Garage Parking / Phone Entry / Smoke Detectors
- Pets Allowed
- Yes
- Financing Terms
- Cash / Conventional / Cryptocurrency
- Restrictions
- Ok To Lease
- MLS Area
- 2420
Schools
- Elementary School
- Miami Beach Fienberg / Fisher K-8
- High School
- Miami Beach
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
- 2,616
- Median List Price
- $650,000
- Median $/Sq Ft
- $687
- Avg Days on Market
- 171
Frequently Asked Questions
- How do I schedule a tour of 945 Michigan Avenue 5, Miami Beach, FL 33139?
- Use the Tour button on this listing to request a showing of 945 Michigan Avenue 5, 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 945 Michigan Avenue 5, Miami Beach, FL 33139 still available?
- 945 Michigan Avenue 5, Miami Beach, FL 33139 is currently listed as Active, and has been on the market 113 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 945 Michigan Avenue 5, Miami Beach, FL 33139?
- With 20% down ($119,800) on the $599,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 945 Michigan Avenue 5, Miami Beach, FL 33139 is about $3,148/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 945 Michigan Avenue 5, Miami Beach, FL 33139?
- Getting pre-approved shows sellers you're a serious buyer and clarifies your true budget before you offer on 945 Michigan Avenue 5, 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 945 Michigan Avenue 5, Miami Beach, FL 33139 have an HOA fee?
- Yes: 945 Michigan Avenue 5, Miami Beach, FL 33139 carries an HOA fee of about $1,456 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 945 Michigan Avenue 5, Miami Beach, FL 33139?
- 945 Michigan Avenue 5, 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 945 Michigan Avenue 5, Miami Beach, FL 33139?
- Often, yes. The right offer on 945 Michigan Avenue 5, 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 VantaSure Realty LLC
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.
$599,000
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 Mxim Madcedi, VantaSure Realty LLC
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 $658 per square foot. The most recent closed on September 29, 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$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
Sold$2,800,000
Sold · September 29, 2026
455 W Dilido Drive
0 bed · 0 bath
$199,000 under the asking price
Sold$280,000
Sold · September 29, 2026
1821 Jefferson Avenue 205
1 bed · 1.5 bath · 750 sqft · $373/sqft
$5,000 under the asking price
Sold$360,000
Sold · September 29, 2026
928 Euclid Avenue 6
2 bed · 2 bath · 1,063 sqft · $339/sqft
See every recorded sale in ZIP 33139 or find out what your ZIP 33139 home is worth.
