Condo in 557 Michigan Avenue 115, Miami Beach, FL 33139 for sale with MLS# A12046382

Great renovated 1-bedroom, 1-bathroom condo in a Prime location. Enjoy the benefit of an exceptionally low monthly HOA for the area, with no special assessments.This property is currently tenant-occupied, providing immediate rental income from the day of closing. Located in a rapidly growing neighborhood, it also offers excellent flexibility for investors, with the ability to rent every 30 days.Just steps from the beach, upscale dining, and premier shopping, this is an outstanding opportunity for both investors and future homeowners seeking a property in one of the area's most sought-after locations.

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557 Michigan Avenue 115, Miami Beach, FL 33139

Price
Price:
$235,000.00
Original List Price:
$235,000.00
List Price per Sq Ft (Calculated, Approx.):
$551.64
Property Status and Type
Listing Type:
For Sale
Status:
Active
Listing Category:
Residential
Property Type:
Condominium
Description of Last Important Update:
New Listing
Last Major Update on:
July 1, 2026 4:00 am
Rooms Distribution
Bedrooms:
1
Bathrooms Total:
1
Full Bath:
1
Master Bedroom Bath:
Bedroom On Entry Level
Measures
Living Area:
426 Sqft
Built-Up Area:
426 Sqft
Property Features
View from the Property:
Garden
Waterfront:
No
Security:
Other
Appliances:
Dishwasher
Exterior:
Other
Air Conditioning
Air Conditioning System:
Central Air
Heating
Heating System:
Central
Construction
Year Built:
1945
Levels:
Two
Entry Level (floor):
1
Construction Materials:
Block
Flooring:
Laminate
Number of stories:
2
Flood Zone Code:
AE
Property Condition:
Resale
Taxes and Expenses
Tax Annual Amount:
$4,047.00
Tax Year:
2025
Association Fee:
$450.00
Association Fee Frequency:
Monthly
Property Tax Details:
Tax Reflects No Exemptions
Parking
Garage Spaces:
0
Covered Spaces:
0
Community
Association
Application Required
Application Fee:
$150.00
Application Information:
1-2 Weeks Approval
Association Type:
Condominium
Pets Allowed?
Lease Number Times per Year Allowed:
12
Amenities Provided by the Homeowner's Association (HOA):
Laundry
Subdivision Name:
551/557 MICHIGAN CONDO
Association Fee Includes:
Sewer, Water
Senior Community:
No
Restrictions:
Other Restrictions
Minimum Days per Lease:
30
Leasing Permitted
Leasing Permitted Details:
Okay To Lease, Okay To Lease During First Year
Terms
Listing Terms Considered by Seller:
Cash, Conventional
Buyer Possession:
Close Of Escrow
Zoning and Legal
Tax Legal Description:
551/557 MICHIGAN CONDO UNIT 115 UNDIV 1/20 INT IN COMMON ELEMENTS OFF REC 29549-1661
Real Estate Folio Number (Parcel Number):
0242033640090
Public Schools Assigned
Elementary School:
Marjory Stoneman Douglas
High School:
Miami Beach
Middle Or Junior School:
Miami Beach Nautilus
Listing History
Active on the market since:
July 1, 2026
Listing Agreement executed on:
July 1, 2026
Listing Status Last Changed On:
July 1, 2026 4:00 am
Photos updated on:
July 2, 2026 12:06 am
Last Modified:
July 2, 2026 12:06 am
Additional Information
Courtesy of:
Miami Beach Real Estate Group
Attribution:
Not provided
Location
Floor Number:
1
Street Name:
Michigan
Street Number:
557
Unit Number:
115
City:
Miami Beach
State:
Florida
Zip Code:
33139
County:
Miami-Dade
Latitude:
N25° 46' 32''
Longitude:
W81° 51' 43.1''
Street Suffix:
Avenue
Property Map

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Neighborhood Stats

Source: U.S. Census Bureau, ACS 5-Year Estimates

Median Household Income $63,368
Median Home Value $480,500
Median Rent $1,745/mo
Median Age 42
Population 34,406

Air Quality

Source: AirNow.gov · Miami

🌬️ Air Quality Index (AQI) 45 Good
☀️ O3 35 Good
🫁 PM2.5 45 Good
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Ver la Propiedad Ver la propiedad 557 Michigan Avenue 115, Miami Beach, FL 33139
Association of REALTORS®
Disclaimer: IDX listing information is presented by Rebonus Brokerage LLC for consumer informational purposes only. The information provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by the MLS or the real estate broker. This page presents structured listing information sourced directly from the MLS via the RESO Web API feed. Rebonus prioritizes maximum field coverage and data completeness, displaying the most granular MLS-provided attributes available.