Condo in 551 Michigan Avenue 223, Miami Beach, FL 33139 for sale with MLS# A12107402

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!

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551 Michigan Avenue 223, Miami Beach, FL 33139

Price
Price:
$240,000.00
Original List Price:
$240,000.00
List Price per Sq Ft (Calculated, Approx.):
$476.19
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:
October 15, 2026 4:00 am
Other Special Conditions:
Sold As-is
Rooms Distribution
Bedrooms:
1
Bathrooms Total:
1
Full Bath:
1
Master Bedroom Bath:
Bedroom On Entry Level
Measures
Living Area:
504 Sqft
Built-Up Area:
504 Sqft
Property Features
View from the Property:
Garden
Waterfront:
No
Security:
Security Fence
Appliances:
Dishwasher, Disposal, Microwave, Refrigerator
Interior:
Pantry
Air Conditioning
Air Conditioning System:
Central Air
Unit Description:
Corner/end Unit
Storm Protection Impact Glass:
Partial
Construction
Year Built:
1945
Levels:
Two
Entry Level (floor):
2
Construction Materials:
Block
Flooring:
Ceramic Tile
Number of stories:
2
Flood Zone Code:
AE
Taxes and Expenses
Tax Annual Amount:
$3,487.00
Tax Year:
2025
Association Fee:
$581.00
Association Fee Frequency:
Monthly
Property Tax Details:
Tax Reflects No Exemptions
Parking
Garage Spaces:
0
Covered Spaces:
0
Parking Features:
On Street
Community
Association
Application Required
Application Fee:
$150.00
Application Information:
1-2 Weeks Approval, Association Approval Required
Association Type:
Condominium
Pets Allowed?
Lease Number Times per Year Allowed:
1
Subdivision Name:
551/557 MICHIGAN CONDO
Association Fee Includes:
Water, Trash, Insurance
Senior Community:
Yes
Minimum Days per Lease:
365
Leasing Permitted
Leasing Permitted Details:
Okay To Lease, Okay To Lease During First Year
Terms
Listing Terms Considered by Seller:
Cash, Conventional, Other
Buyer Possession:
Other, Subject To Tenant Rights
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):
0242033640160
Public Schools Assigned
Elementary School:
Miami Beach South Pointe
High School:
Miami Beach
Middle Or Junior School:
Miami Beach Nautilus
Listing History
Active on the market since:
October 15, 2026
Listing Agreement executed on:
October 15, 2026
Listing Status Last Changed On:
October 15, 2026 4:00 am
Photos updated on:
October 15, 2026 8:56 pm
Last Modified:
October 16, 2026 3:01 am
Additional Information
Courtesy of:
Lifestyle International Realty
Attribution:
Not provided
Location
Floor Number:
2
Street Name:
Michigan
Street Number:
551
Unit Number:
223
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
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Ver la Propiedad Ver la propiedad 551 Michigan Avenue 223, 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.