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$599,000 Coming Soon

  • For Sale
  • Coming Soon
  • Condo
  • 2 Beds
  • 2 Full Baths
  • 976 Sq. Ft.
  • Updated 2 days ago
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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.

Full Property Details for 945 Michigan Ave #5

General

  • Price: $599,000
  • HOA FEE: $1,456/month
  • Taxes: $6,685 (2025)
  • Status: Coming Soon
  • Type: Condo
  • Source: Greater_Miami
  • MLS ID: A12029487
  • Updated: 6/5/2026
  • Added to Site: 7 day(s) ago
  • Expected Market Date: 6/2/2026

Interior

  • Interior Features: Elevator
  • Appliances: Dishwasher, Disposal, Dryer, Electric Range, Electric Water Heater, Microwave, Refrigerator, Washer
  • Flooring: Tile, Wood

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Full Bathrooms: 2

Bedrooms

  • Total Bedrooms: 2
  • Bedroom Features: Other

Additional Information

  • Shared Amenities: Elevator(s)
  • Maint. Includes: Building Exterior, Elevator, Insurance, Landscaping/Lawn Maintenance, Outside Maintenance, Reserve Fund, Roof Repairs, Sewer, Trash Removal, Water
  • Security/Safety: Smoke Detector, Phone Entry, Secured Garage/Parking
  • Equipment: Automatic Garage Door Opener, Elevator

Exterior

  • Exterior Features: None, Open Balcony
  • Deck/Patio: Open Balcony

Parking

  • Garage: Yes
  • Attached garage: Yes
  • Garage Spaces: 1
  • Covered Spaces: 1
  • Parking Features: 1 Space, Additional Spaces Available, Parking-Under Building

Location

  • Area: The Terrace Condo
  • County: Miami-Dade County
  • Subdivision: THE TERRACE CONDO
  • Building Name: THE TERRACE CONDO

School Information

  • Middle School: Nautilus
  • High School: Miami Beach

Community

  • Community Name: The Terrace Condo
  • Association: Yes
  • Units Assoc/Comm: 8

Heating & Cooling

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

Structural Information

  • Structure Type: Condo 1-4 Stories, Condo
  • Detached/Attached: Detached
  • Construction: CBS Construction
  • Windows: Complete Impact Glass, Sliding
  • Doors: High Impact Doors
  • Entry Floor Number: 3
  • Building Size: 976
  • Square Feet: 976
  • Living Area: 976 Sq. Ft.
  • Year Built: 2007

Unit Information

  • Units in Complex: 8

Lot Features

  • Property View: Garden View

Financial Considerations

  • Price Per Sq. Ft.: $613.73
  • Association Fee: $1,456
  • Assoc Fee Freq.: Monthly
  • Tax Amount: $6,685
  • Tax Year: 2025
  • Terms: All Cash, Conventional, Cryptocurrency

Disclosures and Reports

  • Legal Description: THE TERRACE CONDO UNIT 5 UNDIV 975.85/7232.26 INT IN COMMON ELEMENTS OFF REC 26092-2051
  • Restrictions: Ok To Lease
  • Property ID: 02-42-03-336-0050

Listed by VantaSure Realty LLC

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Listing agent

— 945 Michigan Ave #5 —

  • VantaSure Realty LLC

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 945 Michigan Ave #5

School District:Dade County School District
NameGradesDistance
Fienberg/Fisher K-8 Center
1420 Washington Avenue, Miami Beach, FL 33139
PK-50.5 mi
Nautilus Middle School
4301 N Michigan Ave, Miami Beach, FL 33140
6-82.4 mi
Miami Beach Senior High School
2231 Prairie Avenue, Miami Beach, FL 33139
9-121.3 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 945 Michigan Ave #5 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
6/02/2026
Listed
$599,000
33.11%
MLS
5/27/2022
Sold
$450,000
—
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 945 Michigan Ave #5

Year
Property Taxes
Change
Tax Assessment
Change
2025
$6,686
-5%
$356,387
-5%
2024
$7,049
-1%
$375,144
—
2023
$7,089
23%
$375,144
5%
2022
$5,779
17%
$357,280
40%
2021
$4,927
10%
$255,200
10%
2019
$4,496
-2%
$232,000
-5%
2018
$4,597
-1%
$244,445
—
2017
$4,655
-29%
$244,445
-28%
2016
$6,595
—
$339,508
9%
2015
$6,619
15%
$312,252
10%
2014
$5,767
10%
$283,866
10%
2013
$5,248
—
$258,060
—
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.

Estimate the Cost for 945 Michigan Ave #5

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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

Get Pre-Approved

Listed by VantaSure Realty LLC

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945 Michigan Ave #5, Miami Beach, FL 33139 (MLS# A12029487) is a Condo property with 2 bedrooms and 2 full bathrooms. 945 Michigan Ave #5 is currently listed for $599,000 and was received on June 02, 2026. Want to learn more about 945 Michigan Ave #5? Do you have questions about finding other Condo real estate for sale in Flamingo-Lummus? You can browse all Flamingo-Lummus real estate or contact a Coldwell Banker agent to request more information.

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