4 months on rocket

551 Michigan Ave Unit 125, Miami Beach, FL, 33139

$245,000

Home List Price

$2,909*

Closing Credit

1 Bedroom
1 Full Bath
426 SqFt
$575/SqFt
Condo

Location

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551 Michigan Ave Unit 125, Miami Beach$245,000

Buyer Closing Credits

$2,909*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
ParkingOn Street
Year Built1945
HeatingCentral
CoolingCentral Air
ViewNone
MLS #A11642922
StatusActive

About 551 Michigan Ave Unit 125

Beautifully renovated art deco 1B/1B in the heart of South Beach, corner unit, contemporary bathroom fixtures, Italian style kitchen cabinets, stainless steel appliances, laminate floors, community washer & dryer. Walking distance from Publix, shops, beach, public pool, parks, and transportations. Light and bright.

Property Details

Property Features

Property Information:

  • Year Built: 1945
  • Living Area: 426 SqFt

Listing Office:

  • Office Name: SOBE International Realty
  • Office Phone: (305) 672-4971
  • Listing Agent: Piermassimo Picchiura

Interior Features

Interior Information:

  • Appliances: Dishwasher, Electric Range, Microwave, Refrigerator
  • Flooring Type: Wood
  • Interior: Bedroom on Main Level

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

  • Virtual Tour: 551 Michigan Ave Unit 125
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Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air

Price Information

Listing Price Info

Price Summary:

  • List Price: $245,000
  • Price Per SqFt: $575/SqFt

HOA Fees:

  • Amount: $581
  • Frequency: Monthly
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Housing Market Comparison

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

Med. Sold Price

$617.5K

Med. Price/SqFt

$605

Avg. Days On Market

97

# of Sold Homes

73

551 Michigan Ave Unit 125 vs Miami Beach

123 DAYS ON ROCKET

+26 Days

$245,000

-$372.5K Less

$575/SqFt

-$30 Less

KEY TAKEAWAY

This property is $372.5K less than the Median Sold Price and $30/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: #A11642922

Listing Office:

  • Office Name: SOBE International Realty
  • Office Phone: (305) 672-4971
  • Listing Agent: Piermassimo Picchiura

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: 12/18/2024, 3:20:52 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.

Payment Calculator

$1,871

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$801

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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-15200
6
/10
  • South Pointe Elementary School

  • 1050 4th St

  • 0.18 miles

  • Public District Grades PK-5

school-card-donut-15201
5
/10
  • Fienberg/Fisher K-8 Center

  • 1420 Washington Ave

  • 0.80 miles

  • Public District Grades PK-5

school-card-donut-15202
9
/10
  • Miami Children's Museum Charter School

  • 980 MacArthur Cswy

  • 2.47 miles

  • Public Charter Grades KG-5

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. The majority of families are single, no kids. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 551 Michigan Ave Unit 125

What is the listing price of this property?

The listing price of 551 Michigan Ave Unit 125 property is $245,000.

What type of property is this?

The property 551 Michigan Ave Unit 125 is a condo located in Miami Beach, Florida, 33139.

Is this property for sale now?

Active Listing: 551 Michigan Ave Unit 125 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 125 has 1 bedroom and 1 bathroom.

What is the square footage of this property?

The property 551 Michigan Ave Unit 125 is 426 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 551 Michigan Ave Unit 125 is 1945.

Rocket HomesFloridaMiami-Dade CountyMiami Beach33139551 Michigan Ave Unit 125

This home is located at 551 Michigan Ave Unit 125 in Miami Beach, FL and zip code 33139 in the Flamingo / Lummus neighborhood. This 426 square foot home was built in 1945. Features: 1 bedroom, 1 bathroom. It has been listed on Rocket Homes since August 17, 2024 and is currently priced at $245,000.

Over 2 listings were sold over their listed price in November 2024 in Miami Beach, FL. In the same period over 65 listings were sold below the listed price and 6 listings were sold for the listed price. The number of listings in Miami Beach, FL increased by 14.3% between October 2024 and November 2024. While the average time on the market in November 2024 was 97 days, the median list price was $617,500.

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

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