551 Michigan Ave Unit 121, Miami Beach, FL, 33139

Location

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551 Michigan Ave Unit 121, Miami Beach$285,000

Buyer Closing Credits

$3,384^*

1.25% Loan Amount

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1 (855) 200-2001

Property Highlights

Home TypeCondominium

ParkingOn Street

Year Built1945

HeatingNone

CoolingCentral Air

ViewNone

MLS #A11631727

StatusActive

About 551 Michigan Ave Unit 121

Discover South Beach living in this sunlit 1 bed/1 bath top floor corner unit. Enjoy urban convenience minutes from Lincoln Road, dining, and parks, with the beach just 10 minutes away. Recently upgraded A/C (2022), wood floors, and hurricane impact windows, this unit also features stainless steel appliances and on-site washer/dryer. Street parking. Come live in this South Beach gem.

Property Details

Property Features

Property Information:

Year Built: 1945
Living Area: 521 SqFt

Listing Office:

Office Name: Compass Florida, LLC.
Office Phone: (305) 851-2820
Listing Agent: Alexander Abella

Interior Features

Interior Information:

Appliances: Dishwasher, Refrigerator
Flooring Type: Wood
Interior: Bedroom on Main Level, First Floor Entry, Split Bedrooms

Bedroom and Bathroom Information:

Full Bathrooms: 1
Total Bedroom Count: 1

Exterior Features

Exterior Information:

View: None
Exterior: Courtyard, Fence

Parking Information:

Parking: On Street

Virtual/3D Tour

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Utilities

Utilities Information:

Heating: None
Cooling: Central Air

Price Information

Listing Price Info

Price Summary:

List Price: $285,000
Price Per SqFt: $547/SqFt

HOA Fees:

Amount: $580
Frequency: Monthly

What can I afford?

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Housing Market Comparison

See how this home compares to others in Miami Beach, FL.

Miami Beach, FL

City

Med. Sold Price

$604.5K

Med. Price/SqFt

$600

Avg. Days On Market

101

# of Sold Homes

551 Michigan Ave Unit 121 vs Miami Beach

110 DAYS ON ROCKET

+9 Days

$285,000

-$319.5K Less

$547/SqFt

-$54 Less

KEY TAKEAWAY

This property is $319.5K less than the Median Sold Price and $54/SqFt less than other homes in Miami Beach, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

MLS Name: SEFMIAMI
MLS Number: #A11631727

Listing Office:

Office Name: Compass Florida, LLC.
Office Phone: (305) 851-2820
Listing Agent: Alexander Abella

© 2024 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively 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. This property is offered without respect to any protected classes in accordance with the law.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/17/2024, 10:20:48 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

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Mortgage Insurance

Monthly Premium

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Homeowners Insurance

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Monthly Premium

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Homeowners Association (HOA)

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Rate/APR

7.5% / 6.68%

Total Monthly Payment

$921

NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

/10

South Pointe Elementary School
1050 4th St
Distance between this listing and this school0.18 miles
Public District Grades PK-5

/10

Fienberg/Fisher K-8 Center
1420 Washington Ave
Distance between this listing and this school0.80 miles
Public District Grades PK-5

/10

Miami Children's Museum Charter School
980 MacArthur Cswy
Distance between this listing and this school2.47 miles
Public Charter Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

How much money do the neighbors make?

70%

<35k

29%

35k-100k

100k-200k

200k+

What level of education do the neighbors have?

High School: 52%
Post Secondary: 47%
Masters: 2%

What types of families live nearby?

74%

Single, No Kids

10%

Single, with Kids

11%

Married, No Kids

Married, with Kids

Are the neighbors home owners or renters?

Renters: 84%
Home Owners: 16%

How old are people in this area?

<11 yrs old

12-17 yrs old

35%

18-34 yrs old

40%

35-64 yrs old

14%

65+ yrs old

What do the neighbors do for fun?

Pro Boxing
Major League Soccer (MLS)

Where do the neighbors shop?

H&M
Burlington

Where do the neighbors go to eat?

Boston Market
Popeyes
White Castle

What do the neighbors drive?

Honda
Nissan
Kia

What do the neighbors listen to?

Rhythmic Contemporary Hits
Urban Adult Contemporary

The neighbors living near this home have an average income of $23,253. The most common annual income of people living in Miami Beach, FL is less than $35k. Most families are single, no kids. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 551 Michigan Ave Unit 121

What is the listing price of this property?

The listing price of 551 Michigan Ave Unit 121 property is $285,000.

What type of property is this?

The property 551 Michigan Ave Unit 121 is a condo located in Miami Beach, Florida, 33139.

Is this property for sale now?

Active Listing: 551 Michigan Ave Unit 121 is For Sale (Active/New) which means the seller is accepting offers.

How many bedrooms and bathrooms does this property have?

The property at 551 Michigan Ave Unit 121 has 1 bedroom and 1 bathroom.

What is the square footage of this property?

The property 551 Michigan Ave Unit 121 is 521 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 551 Michigan Ave Unit 121 is 1945.

Rocket Homes›Florida›Miami-Dade County›Miami Beach›33139›551 Michigan Ave Unit 121

This home is located at 551 Michigan Ave Unit 121 in Miami Beach, FL and zip code 33139 in the Flamingo / Lummus neighborhood. This 521 square foot home was built in 1945. Features: 1 bedroom, 1 bathroom. It has been listed on Rocket Homes since July 30, 2024 and is currently priced at $285,000.

Over 6 listings were sold over their listed price in October 2024 in Miami Beach, FL. In the same period over 77 listings were sold below the listed price and 9 listings were sold for the listed price. Between September 2024 and October 2024, Miami Beach, FL real estate market has seen increase in the number of listings by 15.1%. While the average time on the market in October 2024 was 101 days, the median list price was $604,583.

Location

Property Highlights

Property Details

Property Features

Interior Features

Exterior Features

Virtual/3D Tour

Utilities

Price Information

Listing Price Info

Housing Market Comparison

MLS Details

Property Sales & Tax

Payment Calculator

Schools

Schools Nearby

Neighborhood

What Are The Neighbors Like?

Frequently Asked Questions About 551 Michigan Ave Unit 121

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