945 Michigan Ave 5 Miami Beach, FL $ 599,000
945 Michigan Ave 5
$ 599,000
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945 Michigan Ave 5

Miami Beach, FL, 33139
$ 599,000
Bedrooms2 Baths2.0 Sq 976

Monthly Estimate*

$ 3,688

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Condo for sale in Miami Beach, FL

for $599,000 with 2 bedrooms and 2 full baths. This 976 square foot condo was built in 2007.

Amazing Opportunity in Miami Beach!Why should I buy this condo? Rare chance to own one of the best values currently available in the area. Built in 2007, this newer boutique building offers features that are difficult to find at this price point.Association requirements are buyer-friendly with no minimum credit score requirement, no income verification requirement, and no minimum down payment requirement imposed by the association. Unlike many buildings in the area, you don't need a large down payment to buy. Qualified buyers may finance with as little as 3%-5% down, potentially saving tens of thousands of dollars compared to condos requiring 20%-25% or more down. Many condos in the same price range are located in much older buildings dating back to the 1950s, while this property combines modern construction with extensive recent building improvements. The building features assigned indoor parking, two beautiful rooftop terraces, impact windows and doors, and has recently completed major upgrades including building recertification/inspection, concrete restoration work, new roof, and a complete interior and exterior repainting. Inside, the unit has been updated with brand-new flooring in both bedrooms, a new A/C unit, and includes a washer, dryer, dishwasher, and more. Spacious layout, modern construction, and a prime Miami Beach location make this an exceptional value ! Schedule your showing today.

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Condo Active

Price

$ 599,000

Bedrooms

2

Full Bath

2

Property Type

Condo

Taxes

$ 6,685

Style

Year Built

2007

Town/City

Miami Beach

County/Region

Miami-Dade

MLS | Web ID

A12029487

Features
General
Heating Electric
Cooling Electric
Possession CloseOfEscrow
Appliances Dryer Dishwasher ElectricRange ElectricWaterHeater Disposal Microwave Refrigerator Washer
HOA Fee 1456
Garage Spaces 1
Association Fee Includes Insurance MaintenanceGrounds MaintenanceStructure ReserveFund Roof Sewer Trash Water
Patio/Porch Features Balcony Open
Architectural Style None
Security Features SecuredGarageParking PhoneEntry SmokeDetectors
Restrictions OkToLease
Construction Materials Block
Pets Allowed Yes
Year Built 2007
View Garden
Unit Number 5
Property Subtype Condominium
Tax Year 2025
Assoc Fee Paid Per Monthly
County Miami-Dade
Property Type Residential
Association Amenities Elevators
Attached Garage true
Subdivision Name THE TERRACE CONDO
Garage Y/N true
Total Rooms 0
Full Baths 2
Status Active
High School Miami Beach
City Miami Beach
Disclosures SpecialAssessment
Entry Location 3
Senior Community Y/N false
MLS Area 42
Lot Size Units SquareFeet
Listing Terms Cash Conventional Cryptocurrency
Property Attached Y/N false
Year Built Details Resale
Tax Annual Amount 6685
Middle/Junior High School Nautilus
Lease Considered Y/N true
Virtual Tour https://www.propertypanorama.com/instaview/mia/A12029487
Standard Status Active
Occupancy Type Tenant
Property Sub Type Additional Condominium
Expected Active Date 2026-06-12
Legal Description THE TERRACE CONDO UNIT 5 UNDIV 975.85/7232.26 INT IN COMMON ELEMENTS OFF REC 26092-2051
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Interior
Interior Amenities Other Elevator
Flooring Hardwood Tile Wood
Total Stories 4
Air Conditioning Y/N true
Heating Y/N true
Window Features Sliding ImpactGlass
Half Baths 0
Total Bedrooms 2
Entry Level 3
Total Baths 2
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Exterior
Exterior Amenities Balcony SecurityHighImpactDoors
Parking Features Attached Underground Garage OneSpace GarageDoorOpener
Building Area Total 976
Waterfront Y/N false
Covered Spaces 1
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* Excluded Features
List By
Vantasure Realty Llc

Broker

usarealtyflorida@gmail.com

Email

Affordability Calculator

$4,245
Per Month
87%
13%
0%
Monthly Principal & Interest
$3,688
Monthly Property Taxes
$557
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4635854 Elementary School
4205765 Middle School
Miami Beach High School High School
Pricing History
DatePricePrice ChangeDescription
6/5/2026$599,000 Listed Price

Map


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945 Michigan Ave 5, Miami Beach, FL, 33139 is a Condo for sale at $599,000 with 976 sqft. 945 Michigan Ave 5 has 2 bedrooms, 2.0 baths, and was built in 2007. The property's zip code is 33139 which is in Miami Beach, FL