Two adjacent Modern South Beach Tri-level townhomes loft style producing $12,800 per month with 2890 sq feet under A/C furnished; soaring 28 ft ceilings for a total of 4 bedrooms, 4.5 baths, 2 private rooftop terraces, 2 cover parking spaces. White porcelain plank floors, stained concrete floors throughout respectively. Quiet, secure building with only 7 units. Bright open living space, high Impact windows and doors. Unbeatable location within 2 blocks to the shopping center on Alton Rd and 5th Ave. Walk to Flamingo Park, the Beach, Lincoln Road, shops, restaurants. Publix, Total Wine and Whole Foods are just around the corner. This exclusive and private residence gives you the opportunity to enjoy luxury in a prime location without the hassle of high rise living. Low Maintenance fees.
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$17.6K
Per Month
Principal & Interest
$16.4K
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$1,114
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$9,960
Powered By
Advertisement
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.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
6
/10
South Pointe Elementary School
1050 4th St
Distance between this listing and this school0.32 miles
Public District Grades PK-5
5
/10
Fienberg/Fisher K-8 Center
1420 Washington Ave
Distance between this listing and this school0.70 miles
Public District Grades PK-5
9
/10
Miami Children's Museum Charter School
980 MacArthur Cswy
Distance between this listing and this school2.39 miles
Public Charter Grades KG-5
Nearby Schools
6
/10
Nautilus Middle School
4301 N Michigan Ave
Distance between this listing and this school2.58 miles
Public District Grades 6-8
10
/10
Ada Merritt K-8 Center
660 SW 3rd St
Distance between this listing and this school4.18 miles
Public Magnet Grades PK-8
9
/10
Lincoln-Marti Charter School Little Havana Campus
970 W Flagler St # 984
Distance between this listing and this school4.47 miles
Public Charter Grades KG-8
Nearby Schools
5
/10
Miami Beach Senior High School
2231 Prairie Ave
Distance between this listing and this school1.57 miles
Public District Grades 9-12
10
/10
Mast Academy
3979 Rickenbacker Cswy
Distance between this listing and this school3.21 miles
Public Magnet Grades 6-12
10
/10
I Preparatory Academy
1500 Biscayne Blvd Ste 129
Distance between this listing and this school3.28 miles
The neighbors living near this home have an average income of $17,054. Most Miami Beach, FL residents have annual incomes less than $35k. Most families are single, no kids. The most common level of education of people living in this area is high school diploma.
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 734 Michigan Ave in Miami Beach, FL and zip code 33139 in the Flamingo / Lummus neighborhood. This 2,809 square foot home was built in 2006. It has been listed on Rocket Homes since December 07, 2024 and is currently priced at $3,300,000.
While more than 2 listings in Miami Beach, FL in November 2024 were sold above asking price, there were more than 6 listings sold at asking price, and more than 65 were sold below. The number of listings in Miami Beach, FL increased by 14.3% between October 2024 and November 2024. The median list price of listings available in November 2024 was $617,500, while the average time on the real estate market was 97 days.
From Rocket Homes Real Estate and based on county public records data.