Premier Brokers International
551 Michigan Avenue 223, Miami Beach, FL 33139
ActiveMLS listing sourceMIAMI REALTORS® MLS
ActiveMLS® A12107402
$240,000

551 Michigan Avenue 223, Miami Beach, FL 33139

Beds
1
Baths
1
Sqft
504
Est. payment$2,237/mo
Home type
Condominium
Year built
1945
Lot size
—
Price / sqft
$476
HOA
$581/mo
Community
551/557 MICHIGAN CONDO

Property description

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!

Listing activity

Days on market
15
Listed
Oct 15, 2026
MLS listing updated
Oct 30, 2026
Feed last checked
8 minutes ago

Listed by Dunay Almir · Lifestyle International Realty

Map

Map location is based on MLS-supplied coordinates. Verify the location before relying on it.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms
1
Bathrooms
1
Bathrooms (decimal)
1
Full bathrooms
1
Half bathrooms
0

Rooms & features

Rooms
0
Interior features
Pantry
Flooring
Ceramic Tile
Appliances
Dishwasher, Disposal, Microwave, Refrigerator

Heating & cooling

Heating
None
Cooling
Central Air
Property

Parking

Garage spaces
0
Carport spaces
0
Covered spaces
0
Parking features
On Street
Attached garage
No

Exterior

Stories
2
Building area
504 sqft
Entry level
2
View
Garden
Waterfront
None
Waterfront property
No
Construction

Type & style

Home type
Condominium
Year built
1945

Materials

Construction
Block
Utilities & green energy

Not reported by the listing source.

Community & HOA

Community

Subdivision
551/557 MICHIGAN CONDO
MLS area
2420
Security
Security Fence
Pets allowed
Yes
55+ community
Yes

Association

Has association
Yes
Association fee
$581 monthly
Estimated monthly dues
$581
Amenities
None
Services included
Insurance, Trash, Water
Lease details

Not reported by the listing source.

Location

Area details

City
Miami Beach
County
Miami-Dade
ZIP code
33139
Manufactured home details

Not reported by the listing source.

Financial & listing details

Listing

MLS number
A12107402
Possession
Subject To Tenant Rights, Other
Original list price
$240,000
Parcel number
0242033640160
Annual property tax
$3,487
Tax year
2025
Tax legal description
551/557 MICHIGAN CONDO UNIT 223 UNDIV 1/20 INT IN COMMON ELEMENTS OFF REC 29549-1661
Additional MLS details

Reported by the listing source

Association Amenities
None
Association Fee Frequency
Monthly
Association Fee Includes
Insurance, Trash, Water
Association
Yes
Bathrooms Total Decimal
1
Bathrooms Total Integer
1
Building Area Total
504
Construction Materials
Block
County Or Parish
Miami-Dade
Days On Market
15
Elementary School
Miami Beach South Pointe
High School
Miami Beach
List Price
240000
Listing Contract Date
2026-10-15
Living Area
504
MLSArea Major
2420
Middle Or Junior School
Miami Beach Nautilus
Mls Status
Active
On Market Date
2026-10-15
Photos Count
18
Postal Code
33139
Property Sub Type
Condominium
Property Type
Residential
Rooms Total
0
Security Features
Security Fence
Senior Community
Yes
Standard Status
Active
State Or Province
FL
Status Change Timestamp
2026-10-15T04:00:00Z
Stories Total
2
Subdivision Name
551/557 MICHIGAN CONDO
Waterfront Features
None
Tax Annual Amount
3487
Bathrooms Full
1
Bedrooms Total
1
Bathrooms Half
0
General Property Information: Senior Community
Yes
Financial Information: Estimated Monthly Assoc Recurring Fee
581

Market value

Automated estimate—No licensed valuation source connected
Estimated sales range—Ask Karim for a local market analysis
Estimated rent—No licensed rental valuation source connected

Price history

DateEventPrice
Oct 15, 2026ListedMIAMI REALTORS® MLS$240,000$476/sqft

Public tax history

YearProperty taxesAssessment
2025$3,487—

Payment calculator

Estimated monthly payment$2,237/moIllustrative estimate, not a loan offer.
Principal & interest
$1,245
Property taxes
$291
Insurance
$120
Association dues
$581

Live national rate context is displayed below through Mortgage News Daily’s official widget. The calculator rate remains a separate assumption until licensed machine-readable access is connected. This is not a loan offer.

Neighborhood

Area

551/557 MICHIGAN CONDO

Miami Beach · Miami-Dade County · 33139

Climate risk

—

No licensed climate-risk source is connected.

Nearby schools

Miami Beach South PointeElementary
—
Miami Beach NautilusMiddle
—
Miami BeachHigh
—
School names and districts are MLS-reported when available. Verify attendance boundaries with the school district. Ratings require a licensed ratings provider.

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Similar homes

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MLS listing source

MIAMI REALTORS® MLS · Listing courtesy of Lifestyle International Realty. All listings featuring the BMLS logo are provided by BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright ©2026 BeachesMLS, Inc. IDX information is provided exclusively for consumers’ personal, non-commercial use and may be used only to identify prospective properties they may be interested in purchasing or leasing. Terms of use · Equal Housing Opportunity.