PK-5 Grades
- Elementary
Miami Beach South Pointe Elementary ↗
Attendance zone Elementary
Distance 0.2 mi
Reading the listing
ACTIVE
551/557 MICHIGAN CONDO · · MLS A12107402
551 Michigan Ave #223
Asking price$240,000
LIVE · MLS · AS OF NOV 1, 2026
- Bedrooms
- 1
- Bathrooms
- 1
- Living area
- 504 SF
- Price per SF $476/SF
- Year built
- 1945
Listed by Lifestyle International Realty
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.
Continue reading
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!
Property information
The propertyAs the MLS records it
- Property type
- Condominium
- Year built
- 1945
- Stories
- 2
- Association fee
- $581 · Monthly
Size and layout
- Living area
- 504 SF
- Bedrooms
- 1
- Bathrooms
- 1
Home and lot
- Subdivision
- 551/557 MICHIGAN CONDO
Payment calculator
Estimated monthly payment
$2,190 per month
30-year fixed, 7.32% interest
- Principal and interest
- $1,319
- Property taxes
- $291
- Association dues
- $581
The calculator opens on the national average rate for a 30-year fixed-rate loan: 7.32% for the week of October 22, 2026. Source: Freddie Mac, Primary Mortgage Market Survey ↗
For illustration only: an estimate, not a loan offer or a quote. The tax is the last annual bill the MLS records for this property; in Florida a property is reassessed when it is sold, so a buyer's tax will differ. Insurance is not estimated: it is included only when you enter your own quote. The rate is a national weekly average, not the rate a lender will offer you: change it to the one you are quoted.
REQUEST A TOUR
See 551 Michigan Ave #223 in person.
Showings of 551 Michigan Ave #223, Miami Beach, FL 33139 are by appointment. Send the request here, call or write on WhatsApp: Julian Acosta, real estate advisor with Compass, answers within one business day to confirm a day and a time.
How to request a showing
Send the request
Use the form on this page, call +1 (786) 473-2565 or write on WhatsApp.
Say when
Name the days and the times that suit you. A second option helps.
Julian confirms
He answers within one business day and confirms the day and the time with you.
The listing and who shows it
- Address
- 551 Michigan Ave #223, Miami Beach, FL 33139
- MLS number
- A12107402
- Listed by
- Lifestyle International Realty
- Showings
- Julian Acosta, real estate advisor with Compass
- Reach him
- +1 (786) 473-2565 · WhatsApp ↗ · Text message · E-mail
No lists, no obligation.
Recent market sales nearby
◆ SOURCE · MLS CLOSED SALES · THE LAST TWELVE MONTHS- This home
- Closed sales, by number
Miami Beach market snapshot
Condominiums in Miami Beach · Closed sales of the last twelve monthsAs of NOV 1, 2026
- Closed sales
- 1,568
- Since NOV 1, 2025
- Median sale price
- $490,000
- Half closed for more, half for less
- Median price per SF
- $565
- Of the sales that state a living area
The market's sales, not sales by Julian Acosta
| Year | Median price per SF | Closed sales |
|---|---|---|
| 2020 | $377 | 1,497 |
| 2021 | $466 | 3,455 |
| 2022 | $515 | 3,020 |
| 2023 | $535 | 1,922 |
| 2024 | $560 |
Schools
Zoned public schools · Miami-Dade County Public Schools
6-8 Grades
- Middle
Nautilus Middle ↗
Attendance zone Middle
Distance 2.8 mi
9-12 Grades
- Senior high
Miami Beach Senior High ↗
Attendance zone Senior high
Distance 1.6 mi
Elementary · PK–5Middle · 6–8Senior high · 9–12 Color marks the grades a school serves, never a rating.
◆ SOURCE · MIAMI-DADE COUNTY GIS · ATTENDANCE BOUNDARIES EDITED SEP 21, 2026
Similar homes for sale
Homes of the same kind on the market nearby, the nearest in price first.
LIVE · MLS · AS OF NOV 1, 2026
1 / 23ACTIVE
1 / 31ACTIVE
1 / 5Real estate in other markets
ABOUT THIS LISTING
Where this listing's information comes from.
◆ MIAMI REALTORS® · SOUTHEAST FLORIDA MLS◆ UPDATED NOV 1, 2026◆ MLS A12107402
The information on this page is supplied by the Southeast Florida Multiple Listing Service of the MIAMI Association of REALTORS®. It is deemed reliable but is not guaranteed accurate by the MLS, and it may have changed since the date above. It is provided for your personal, non-commercial use and may not be used for any purpose other than to identify properties you may be interested in purchasing. This listing is held by Lifestyle International Realty. Julian Acosta is a real estate advisor with Compass.
Compass Coral Gables · 1515 Sunset Dr, Suite 40, Coral Gables, FL 33143 · julian.acosta@compass.com · +1 (786) 473-2565
A listing shown here may be held by a brokerage other than Compass. To report an error in this listing's information, write to julian.acosta@compass.com.
