Prevu by reAlpha
BuySellBlogBrowse Listings

557 Michigan Ave 115Miami Beach, FL 33139

For Sale

$260,000

Smart Buyer Rebate $1,500

Great renovated 1-bedroom, 1-bathroom condo in a Prime location. Enjoy the benefit of an exceptionally low monthly HOA for the area, with no special assessments.
This property is currently tenant-occupied, providing immediate rental income from the day of closing. Located in a rapidly growing neighborhood, it also offers excellent flexibility for investors, with the ability to rent every 30 days.
Just steps from the beach, upscale dining, and premier shopping, this is an outstanding opportunity for both investors and future homeowners seeking a property in one of the area's most sought-after locations.

Listed by Gabriela Lopez Nante PA

·

License #3428530

·

Miami Beach Real Estate Group

·

3053165836

Listed by Silvia Coitino

·

License #3266513

·

Miami Beach Real Estate Group

Last updated October 12, 2026

·

Source: SEF #A12046382

Listing Facts

  • TypeCondo
  • NeighborhoodFlamingo-Lummus
  • Bedrooms1
  • Bathrooms1
  • Days on Prevu122
  • HOA/Maint. Fees$450/month
  • Taxes$4,047/year
  • Size426 sqft
  • Price per sqft$610

Amenities

  • Dishwasher
  • Pets Allowed
  • Air Conditioning

Location

Mortgage Calculator

Listing History

10/26/2026
Price Increased
$260,000
07/01/2026
Listed by Miami Beach Real Estate Group
$235,000
  1. 10/26/2026$260,000
    Price Increased
  2. 07/01/2026$235,000
    Listed by Miami Beach Real Estate Group

Property Details for 557 Michigan Ave 115

Association

Amenities

  • Association Amenities: Laundry
  • Pets Allowed: Yes

Fees

  • Association Fee: $450.00 Monthly
  • Association Fee Includes: Sewer, Water

Exterior

Construction

  • Property Attached: Yes
  • Stories Total: 2
  • Year Built: 1945
  • Year Built Details: Resale
  • Construction Materials: Block
  • Entry Level: 1
  • Entry Location: 1
  • Exterior Features: Other

Features

  • View: Garden, None

Measurements

  • Building Area Total: 426
  • Lot Size Units: Square Feet

Financial

Taxes

  • Parcel Number: 02-42-03-364-0090
  • Tax Annual Amount: $4,047.00
  • Tax Year: 2025

Interior

Features

  • Appliances: Dishwasher
  • Flooring: Laminate
  • Interior Features: Master Downstairs

Measurements

  • Living Area: 426

Rooms

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

Other

Location

  • Subdivision Name: 551/557 MICHIGAN CONDO

Utilities

Equipment

  • Cooling: Central Air
  • Has Cooling: Yes
  • Heating: Central
  • Has Heating: Yes
  • Laundry Features: Common Area

Frequently Asked Questions

How many bedrooms and bathrooms does this condo have?

There is 1 bedroom and 1 bathroom in this condo at 557 Michigan Ave 115.

Are pets allowed at 557 Michigan Ave?

Yes, 557 Michigan Ave allows pets.

What are the annual taxes for 557 Michigan Ave 115?

Annual taxes for this condo are estimated at $4,047.

How does 557 Michigan Ave 115 compare to other condos in Flamingo-Lummus?

This condo is listed 58% below the average price for condos in Flamingo-Lummus and has been on the market for 114 less days than the typical home in this area.

What is the square footage on this condo?

According to the MLS, this listing is 426 sqft.

557 Michigan Ave 115 is a 1-bedroom, 1-bath condo for sale in Miami Beach FL 33139. Listed on Prevu for 122 days at $260,000. This includes a recent price increase of $25,000. This home features 426 square feet of living space, located in Flamingo-Lummus. The median listing price for condos in this area is $296,500. Additional amenities include dishwasher, pets allowed, and air conditioning. View other 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.