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$5,600,000 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • 9 Units
  • Updated 5 days ago
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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.

Full Property Details for 560 Michigan Ave

General

  • Price: $5,600,000
  • Taxes: $61,192 (2025)
  • Status: Active
  • Type: Multi-Family
  • Source: Greater_Miami
  • MLS ID: A12094992
  • Updated: 9/24/2026
  • Added to Site: 6 day(s) ago

Rental Information

  • Rent Includes: Sewer, Trash Collection, Water

Interior

  • Flooring: Other

Parking

  • Total Spaces: 9

Location

  • Area: Ocean Beach Addn No 3
  • County: Miami-Dade County
  • Subdivision: OCEAN BEACH ADDN NO 3
  • Building Name: OCEAN BEACH ADDN NO 3

Community

  • Community Name: Ocean Beach Addn No 3
  • Units Assoc/Comm: 2

Heating & Cooling

  • Air Conditioning: Yes
  • Cooling Type: Central Air
  • Heating Type: Central

Utilities

  • Sewer: Public Sewer

Structural Information

  • Structure Type: Quadruplex, Multi Family
  • Detached/Attached: Detached
  • Construction: Concrete Block Construction
  • Roof: Other
  • Stories/Levels: 2
  • Year Built: 1937
  • Property Condition: Substantially Remodeled

Unit Information

  • Units in Complex: 2

Lot Features

  • Lot Features: Less Than 1/4 Acre Lot
  • Zoning: 6503

Financial Considerations

  • Tax Amount: $61,192
  • Tax Year: 2025
  • Terms: All Cash, Conventional

Disclosures and Reports

  • Documents Avail.: Financial Statement, Copy Of Lease(S)
  • Legal Description: 3-4 54 42 3-4 53 42 OCEAN BEACH ADDN NO 3 PB 2-81 E100FT OF LOT 1 BLK 98 LOT SIZE 50.000 X 100 OR 21279-3773 022003 6 COC 24635-1561 06 2006
  • Property ID: 02-42-03-009-7780

Listed by The Corcoran Group

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Listing agent

— 560 Michigan Ave —

  • The Corcoran Group

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 560 Michigan Ave

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
9-121.6 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 560 Michigan Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
9/24/2026
Listed
$5,600,000
489.47%
MLS
8/09/2013
Sold
$950,000
—
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 560 Michigan Ave

Year
Property Taxes
Change
Tax Assessment
Change
2025
$35,929
6%
$1,837,145
-11%
2024
$33,945
5%
$2,057,980
—
2023
$32,307
9%
$2,058,045
1%
2021
$29,775
-2%
$2,046,296
-1%
2022
$30,401
2%
$2,058,109
1%
2021
$29,775
9%
$2,046,360
97%
2019
$27,311
25%
$1,037,022
10%
2018
$21,793
3%
$942,748
-39%
2017
$21,143
2%
$1,546,554
98%
2016
$20,754
31%
$779,131
10%
2015
$15,834
21%
$708,301
10%
2014
$13,083
1%
$643,910
1%
2013
$12,988
—
$635,250
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by The Corcoran Group

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560 Michigan Ave, Miami Beach, FL 33139 (MLS# A12094992) is a Multi-Family property with 9 units containing 0 bedrooms and 0 full bathrooms. 560 Michigan Ave is currently listed for $5,600,000 and was received on September 24, 2026. Want to learn more about 560 Michigan Ave? Do you have questions about finding other Multi-Family 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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