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551 Michigan Ave 223Miami Beach, FL 33139

For Sale

$240,000

Smart Buyer Rebate $1,000

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. 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!

Listed by Dunay Almir

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License #3567611

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Lifestyle International Realty

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7867778335

Last updated October 15, 2026

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Source: SEF #A12107402

Listing Facts

  • TypeCondo
  • NeighborhoodFlamingo-Lummus
  • Bedrooms1
  • Bathrooms1
  • Days on Prevu16
  • HOA/Maint. Fees$581/month
  • Taxes$3,487/year
  • Size504 sqft
  • Price per sqft$476

Amenities

  • Dishwasher
  • Pets Allowed
  • Air Conditioning

Location

Mortgage Calculator

Listing History

10/15/2026
Listed by Lifestyle International Realty
$240,000
  1. 10/15/2026$240,000
    Listed by Lifestyle International Realty

Property Details for 551 Michigan Ave 223

Association

Amenities

  • Pets Allowed: Cats OK, Dogs OK, Yes

Fees

  • Association Fee: $581.00 Monthly
  • Association Fee Includes: Insurance, Trash, Water

Exterior

Construction

  • Property Attached: Yes
  • Stories Total: 2
  • Year Built: 1945
  • Year Built Details: Effective Year Built
  • Construction Materials: Block
  • Entry Level: 2
  • Entry Location: 2

Features

  • View: Garden

Measurements

  • Building Area Total: 504
  • Lot Size Units: Square Feet

Financial

Taxes

  • Parcel Number: 02-42-03-364-0160
  • Tax Annual Amount: $3,487.00
  • Tax Year: 2025

Interior

Features

  • Appliances: Dishwasher, Disposal, Microwave, Refrigerator
  • Flooring: Ceramic Tile
  • Interior Features: Pantry, Master Downstairs

Measurements

  • Living Area: 504

Rooms

  • Bathrooms Full: 1
  • Bathrooms Total Integer: 1
  • Bedrooms Total: 1

Other

Location

  • Subdivision Name: 551/557 MICHIGAN CONDO

Parking

Parking

  • Parking Features: None, On Street

Utilities

Equipment

  • Cooling: Central Air
  • Has Cooling: Yes

Frequently Asked Questions

How many bedrooms and bathrooms does this condo have?

There is 1 bedroom and 1 bathroom in this condo at 551 Michigan Ave 223.

Are pets allowed at 551 Michigan Ave?

Yes, 551 Michigan Ave allows pets. Check the Property Details for any relevant restrictions.

What are the annual taxes for 551 Michigan Ave 223?

Annual taxes for this condo are estimated at $3,487.

How does 551 Michigan Ave 223 compare to other condos in Flamingo-Lummus?

This condo is listed 61% below the average price for condos in Flamingo-Lummus and has been on the market for 220 less days than the typical home in this area.

What is the square footage on this condo?

According to the MLS, this listing is 504 sqft.

551 Michigan Ave 223 is a 1-bedroom, 1-bath condo for sale in Miami Beach FL 33139. Available on Prevu for 16 days at $240,000. This home features 504 square feet of living space, located in Flamingo-Lummus. The median listing price for condos in this area is $296,500. The home offers dishwasher, pets allowed, and air conditioning. Browse more condo listings in Miami Beach.

Based on information from Miami Association of REALTORS and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.