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$240,000 Just Listed

  • For Sale
  • Active
  • Condo
  • 1 Bed
  • 1 Full Bath
  • 504 Sq. Ft.
  • Updated 5 hours ago
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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!

Full Property Details for 551 Michigan Ave #223

General

  • Price: $240,000
  • HOA FEE: $581/month
  • Taxes: $3,487 (2025)
  • Status: Active
  • Type: Condo
  • Source: Greater_Miami
  • MLS ID: A12107402
  • Updated: Today (10/15/2026)
  • Added to Site: Today

Interior

  • Interior Features: Second Floor Entry, Pantry
  • Appliances: Dishwasher, Disposal, Microwave, Refrigerator
  • Flooring: Ceramic Floor

Rooms

Bathrooms

  • Total Bathrooms: 1
  • Full Bathrooms: 1

Bedrooms

  • Total Bedrooms: 1
  • Bedroom Features: Entry Level

Additional Information

  • Shared Amenities: None
  • Maint. Includes: Insurance, Trash Removal, Water
  • Security/Safety: Complex Fenced

Parking

  • Parking Features: None, On Street

Location

  • Area: 551/557 Michigan Condo
  • County: Miami-Dade County
  • Subdivision: 551/557 MICHIGAN CONDO
  • Building Name: 551/557 Michigan Condo
  • Driving Directions: as er apple map

Community

  • Community Name: 551/557 Michigan Condo
  • Association: Yes

Heating & Cooling

  • Air Conditioning: Yes
  • Cooling Type: Central Air
  • Heating Type: None

Structural Information

  • Architectural Style: Corner Unit
  • Structure Type: Condo 1-4 Stories, Condo
  • Detached/Attached: Attached
  • Construction: Concrete Block Construction
  • Windows: Clear Impact Glass
  • Doors: High Impact Doors
  • Entry Floor Number: 2
  • Building Size: 504
  • Square Feet: 504
  • Living Area: 504 Sq. Ft.
  • Year Built: 1945

Lot Features

  • Property View: Garden View

Financial Considerations

  • Price Per Sq. Ft.: $476.19
  • Association Fee: $581
  • Assoc Fee Freq.: Monthly
  • Tax Amount: $3,487
  • Tax Year: 2025
  • Terms: All Cash, Conventional

Disclosures and Reports

  • Legal Description: 551/557 MICHIGAN CONDO UNIT 223 UNDIV 1/20 INT IN COMMON ELEMENTS OFF REC 29549-1661
  • Restrictions: Ok To Lease, Okay To Lease 1st Year
  • Inclusions: None
  • Property ID: 02-42-03-364-0160

Listed by Lifestyle International Realty

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— 551 Michigan Ave #223 —

  • Lifestyle International Realty

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 551 Michigan Ave #223

School District:Dade County School District
NameGradesDistance
South Pointe Elementary School
1050 4th Street, Miami Beach, FL 33139
PK-50.2 mi
Nautilus Middle School
4301 N Michigan Ave, Miami Beach, FL 33140
6-82.7 mi
Miami Beach Senior High School
2231 Prairie Avenue, Miami Beach, FL 33139
9-121.7 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 551 Michigan Ave #223 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
10/15/2026
Listed
$240,000
28%
MLS
10/20/2020
Sold
$187,500
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 551 Michigan Ave #223

Year
Property Taxes
Change
Tax Assessment
Change
2025
$2,744
-25%
$187,877
-20%
2024
$3,639
4%
$234,846
24%
2023
$3,487
20%
$189,392
26%
2021
$2,902
-9%
$150,311
-17%
2022
$3,206
10%
$180,373
31%
2021
$2,902
-24%
$137,900
-30%
2019
$3,818
3%
$197,000
—
2018
$3,699
-1%
$196,733
—
2017
$3,746
6%
$196,733
8%
2016
$3,538
—
$182,160
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 551 Michigan Ave #223

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Listed by Lifestyle International Realty

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551 Michigan Ave #223, Miami Beach, FL 33139 (MLS# A12107402) is a Condo property with 1 bedroom and 1 full bathroom. 551 Michigan Ave #223 is currently listed for $240,000 and was received on October 15, 2026. Want to learn more about 551 Michigan Ave #223? Do you have questions about finding other Condo real estate for sale in Miami Beach? You can browse all Miami Beach real estate or contact a Coldwell Banker agent to request more information.

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