Home » Miami Beach » 551 Michigan Condo at 551 MICHIGAN AV Miami Beach » 551 Michigan Ave 223, Miami Beach, FL 33139 | A11662147

551 Michigan Ave 223, Miami Beach, FL 33139 | For Sale

$245,000

Property Highlights

Listing ID A11662147 Status of this Listing: Active For Sale Newly Listed Property Property Type Residential Condominium 1 Bedrooms 1 Bathrooms Total 1 Full Bath Living Space 504 Sqft/46.82 m2 approx. Building Area 504 Sqft/46.82 m2 approx. Year Built 1945 Lease Term Minimum Duration: 30 What it means?Refers to a regulation set by the property association, stipulating that each rental agreement for the property must be for a duration of at least 30 days. This rule ensures that every time the property is rented out, the lease term cannot be shorter than the specified minimum period. Short Term Rentals Allowed (less than 6 months) Time of this property on Rebonus 1 Day(s)
Photo

551 Michigan Ave 223, Miami Beach, FL 33139

Property Description: Enjoy winters on the beach and escape to paradise in this beautiful 1940s Art Deco building located in the heart of South Beach. The building offers modern interiors and privacy, with only a few neighbors. Walk to Miami Beach, Publix, Ocean Drive, Target, and South Pointe. Pet-friendly, so your furry friend can enjoy the Miami lifestyle too! This spacious 1 bed/1 bath unit includes 3 closets. Investment opportunity: Currently rented for $1,800/month with the lease expiring in February. Please do not disturb the tenant. The property will be sold AS IS. Recent upgrades: New roof, paint, and repairs in 2023, landscaping and new railings in 2024. The seller is a licensed agent but is not using their license or brokerage for this sale. This is a FSBO, independent of any affiliations.

Useful Info

Original List Price:$245,000

Land Lot (Parcel) Details

Lot Size Unit:Square Feet

Construction

Year Built Details:
  • Unknown
Entry Level (floor):2
Entry Level Location:2
Construction Materials:
  • Block
Flooring:
  • Wood
Number of stories:2
Number of Units in the Community or Building:20

Property Features

Waterfront:No
Security:
  • Smoke Detector(s)
  • Closed Circuit Camera(s)
  • Complex Fenced
  • Other
Appliances:
  • Dishwasher
  • Microwave
  • Refrigerator
  • Other
Interior Features:
  • First Floor Entry
  • Second Floor Entry
Exterior Features:
  • Fence
  • Courtyard
Air Conditioning:Yes
Air Conditioning System:
  • Central Air
Heating:Yes
Heating System:
  • Central

Taxes and Expenses

Tax Annual Amount:$3,487

Property Tax Notice for Buyers: Do not rely on the current property taxes paid by the seller, as your tax liabilities may increase following the sale. Transferring ownership or making improvements to the property often triggers tax reassessments, which could raise the amount you owe. If you have questions regarding property valuation, please contact the County Property Appraiser’s Office.

Tax Year:2024
Association Fee:$580
Association Fee Frequency:
  • Monthly
Property Tax Status:Tax Reflects Homestead Tax

Terms

Disclosures:
  • Owner Is Listing Agent
Occupant Type:
  • Tenant
Buyer Possession:
  • Negotiable
  • Other
Lease Considered:No

Community

Pets Allowed?:
  • Size Limit (There are size restrictions on allowed pets)
  • Yes
Subdivision Name:551/557 MICHIGAN CONDO
Association Fee Includes:
  • Sewer
  • Water
  • Trash
  • Maintenance Structure
  • Insurance
Complex Name:551/557 MICHIGAN CONDO
Senior Community:No
Restrictions: Okay to Lease within 1st Year of Ownership, OK To Lease

Parking

Garage Spaces:0
Covered Spaces:0
Parking Features:
  • On Street

More Details

Other Information:
Unit View: None
Housing Older Persons Act: No HOPA
Unit Design: None
Type of Association: Condo
Minimum Number of Days for Lease: 30
Type of Governing Bodies: Homeowner Association
Pet Fee: 0
Tax Information: Tax Reflects Homestead Tax
Number of times allowed to lease per year: 12
Flood Zone : AE
Building Number: 557
Homeowner's Association Application Fee: 100
Style: Condo 1-4 Stories
FEMA Flood Zone Designations: AE
Municipal Code: 2
Subdivision Number: 364

Zoning and Legal

Tax Legal Description:551/557 MICHIGAN CONDO UNIT 223 UNDIV 1/20 INT IN COMMON ELEMENTS OFF REC 29549-1661
Real Estate Folio Number (Parcel Number):02-42-03-364-0160
Public Survey Township:2
Public Survey Range:42
Public Survey Section:3

Listing History

Update/EventDate/Days
Published Date:September 18, 2024 9:12 pm
On Market Date:September 18, 2024
Price Change Date Time:September 18, 2024 9:12 pm
Last Important Update Description:New Listing
Date and Time of Last Important Update:September 18, 2024 9:12 pm
Status Last Changed:September 18, 2024 9:12 pm
Last Modified:September 19, 2024 9:45 pm
Days on the Market Reference Date:September 19, 2024
Days on the Market (updated on Last Modified*):1
Cumulative Days on the Market (updated on Last Modified**):1

Additional Information

Unit Location:None
Number of Photos Count:0
Area:42
Ref ID:1087398669
Automated Valuation Display:Yes
Courtesy of:Lifestyle International Realty
Universal Property Id:US-12025-N-0242033640160-R-N

Location

Show Property Address:Yes
Street Name:Michigan Ave
Street Number:551
Street Address:551 Michigan Ave 223
Unit Number:223
City : Miami Beach
State : Florida
Zip Code : 33139
County : Miami-Dade
Full Address:551 Michigan Ave 223, Miami Beach, FL 33139
Latitude:N25° 46' 32''
Longitude:W81° 51' 43.1''

Neighborhood

Postal City:Miami Beach

Property Map

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