4 months on rocket

551 Michigan Ave Unit 123, Miami Beach, FL, 33139

$274,900

Home List Price

$3,264*

Closing Credit

1 Bedroom
1 Full Bath
504 SqFt
$545/SqFt
Condo

Location

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551 Michigan Ave Unit 123, Miami Beach$274,900

Buyer Closing Credits

$3,264*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
ParkingOn Street
Year Built1945
HeatingCentral
CoolingCentral Air
ViewGarden, Other
MLS #A11618514
StatusActive

About 551 Michigan Ave Unit 123

Beautiful 1BD/1BA in a newly renovated building in the Art Deco District, in the heart of SoBe. Unit is in excellent conditions, has been remodeled with modern finishes, while still retaining its original charm. Updated plumbing & electrical, hurricane impact windows, Italian kitchen with stainless steel appliances, wooden floors. Condominium is comprised of 2 buildings, both were gut renovated less than 10 years ago. Enclosed gate for extra security. An on-site laundry. 30 Days rentals allowed. Very quiet neighborhood, close distance to the beach, Lincoln rd, Whole Foods, shops, parks, the 5th & Alton Complex with Publix, Orangetheory.

Property Details

Property Features

Property Information:

  • Architectural Style: Other
  • Year Built: 1945
  • Living Area: 504 SqFt

Listing Office:

  • Office Name: Julies Realty, LLC
  • Office Phone: (305) 751-6400
  • Listing Agent: Irina Karapici

Interior Features

Interior Information:

  • Appliances: Dishwasher, Electric Range, Microwave, Refrigerator
  • Flooring Type: Other, Tile, Wood
  • Interior: Second Floor Entry, Living/Dining Room, Tub Shower

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 1

Exterior Features

Exterior Information:

  • View: Garden, Other
  • Exterior: Balcony, Courtyard, Fruit Trees, Security/High Impact Doors

Parking Information:

  • Parking: On Street

Virtual/3D Tour

  • Virtual Tour: 551 Michigan Ave Unit 123
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Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air

Price Information

Listing Price Info

Price Summary:

  • List Price: $274,900
  • Price Per SqFt: $545/SqFt

HOA Fees:

  • Amount: $580
  • Frequency: Monthly
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Housing Market Comparison

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

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Miami Beach, FL

City

Med. Sold Price

$604.5K

Med. Price/SqFt

$600

Avg. Days On Market

101

# of Sold Homes

92

551 Michigan Ave Unit 123 vs Miami Beach

134 DAYS ON ROCKET

+33 Days

$274,900

-$329.6K Less

$545/SqFt

-$56 Less

KEY TAKEAWAY

This property is $329.6K less than the Median Sold Price and $56/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: #A11618514

Listing Office:

  • Office Name: Julies Realty, LLC
  • Office Phone: (305) 751-6400
  • Listing Agent: Irina Karapici

IDX © 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: 11/18/2024, 1:20:47 AM 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.

Payment Calculator

$2,020

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$891

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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

school-card-donut-659421
6
/10

  • South Pointe Elementary School

  • 1050 4th St

  • 0.18 miles

  • Public District Grades PK-5

school-card-donut-659422
5
/10

  • Fienberg/Fisher K-8 Center

  • 1420 Washington Ave

  • 0.80 miles

  • Public District Grades PK-5

school-card-donut-659423
9
/10

  • Miami Children's Museum Charter School

  • 980 MacArthur Cswy

  • 2.47 miles

  • Public Charter Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $23,253. Typical income of Miami Beach, FL residents is less than $35k annually. Residents typically live in single, no kids family. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 551 Michigan Ave Unit 123

What is the listing price of this property?

The listing price of 551 Michigan Ave Unit 123 property is $274,900.

What type of property is this?

The property 551 Michigan Ave Unit 123 is a condo located in Miami Beach, Florida, 33139.

Is this property for sale now?

Active Listing: 551 Michigan Ave Unit 123 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 123 has 1 bedroom and 1 bathroom.

What is the square footage of this property?

The property 551 Michigan Ave Unit 123 is 504 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 551 Michigan Ave Unit 123 is 1945.

Rocket Homes›Florida›Miami-Dade County›Miami Beach›33139›551 Michigan Ave Unit 123

This home is located at 551 Michigan Ave Unit 123 in Miami Beach, FL and zip code 33139 in the Flamingo / Lummus neighborhood. This 504 square foot home was built in 1945. Features: 1 bedroom, 1 bathroom. It has been listed on Rocket Homes since July 07, 2024 and is currently priced at $274,900.

In October 2024 more than 6 listings in Miami Beach, FL were sold above the asking price. During the same period more than 9 listings were sold at asking price, while more than 77 were sold below. The number of homes for sale in Miami Beach, FL increased by 15.1% between September 2024 and October 2024. In October 2024, listings were on the market for 101 days. During the same period, the median list price in this real estate market was $604,583.

From Rocket Homes Real Estate and based on county public records data.

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