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560 Michigan Ave Miami Beach, FL $ 5,600,000
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$ 5,600,000 Get more info
560 Michigan Ave
$ 5,600,000
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560 Michigan Ave

Miami Beach, FL, 33139
$ 5,600,000
Bedrooms7 Baths5.0

Monthly Estimate*

$ 35,359

560 Michigan Ave, Miami Beach, FL 33139 - Image 1
560 Michigan Ave, Miami Beach, FL 33139 - Image 2
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560 Michigan Ave, Miami Beach, FL 33139 - Image 9
560 Michigan Ave, Miami Beach, FL 33139 - Image 10
560 Michigan Ave, Miami Beach, FL 33139 - Image 11
560 Michigan Ave, Miami Beach, FL 33139 - Image 12
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Multi-Family Home for sale in Miami Beach, FL

for $5,600,000 with 7 bedrooms and 5 full baths. This home was built in 1937.

This income producing property includes two renovated buildings in Miami Beach with furnished one & two bedroom apartments, licensed for short term rentals and currently leased on an NNN basis to an operating company. A future owner can choose to keep the operating company in place, enjoying steady income not subject to occupancy fluctuations, or instead operate under own management. The remodeled 9 units offer fully equipped kitchens & bathrooms as well as central AC. The property consists of two separate folios and is located on a double corner lot at 6th Street and Michigan Avenue in the heart of South Beach, close to the 5th Street Mall and the new Five Park residential tower & City park. Ocean Drive, the beach as well as the exclusive South of Fifth neighborhood are just blocks away, making this an extremely attractive location for visitors and short term tenants. Zoning is CPS2 commercial - residential mix used - FAR 2,which allows further development up to 20,000 Sq/Ft. Please ask us for proposed design renderings.

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Multi-Family Active

Price

$ 5,600,000

Bedrooms

7

Full Bath

5

Property Type

Multi-Family

Taxes

$ 61,192

Style

Year Built

1937

Town/City

Miami Beach

County/Region

Miami-Dade

MLS | Web ID

A12094992
Features
General
Sewer Public Sewer
Heating Central
Cooling Central Air
Utilities Cable Available
Possession Close Of Escrow Subject To Tenant Rights
Roof Other
Pool Features None
Construction Materials Block
Year Built 1937
Stories Count 2
Levels Two
Property Subtype Multi Family
Tax Year 2025
County Miami-Dade
Property Type Residential Income
Subdivision Name OCEAN BEACH ADDN NO 3
Rent Includes Sewer Trash Collection Water
Full Baths 5
Status Active
City Miami Beach
Zoning Description 6503
Number Of Units Total 5
MLS Area 42
Lot Size Units Square Feet
Listing Terms Cash Conventional
Year Built Details Effective Year Built
Tax Annual Amount 61192
Virtual Tour https://www.propertypanorama.com/instaview/mia/A12094992
Standard Status Active
Occupancy Type Call Agent
Property Sub Type Additional Multi Family
Legal Description 3-4 54 42 3-4 53 42 OCEAN BEACH ADDN NO 3 PB 2-81 E100FT OF LOT 1 BLK 98 LOT SIZE 50.000 X 100 OR 21279-3773 022003 6 COC 24635-1561 06 2006
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Interior
Flooring Other
Air Conditioning Y/N true
Heating Y/N true
Half Baths 0
Total Bedrooms 7
Total Baths 0
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Exterior
Lot Features < 1/4 Acre
Total Parking 9
Waterfront Y/N false
Covered Spaces 0
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* Excluded Features
List By
The Corcoran Group

Broker

Frank.euler@corcoran.com

Email

Affordability Calculator

$40,458
Per Month
87%
13%
0%
Monthly Principal & Interest
$35,359
Monthly Property Taxes
$5,099
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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
4827338 Elementary School
4827337 Middle School
Unknown High School High School
See complete school information
Pricing History
Date Price Price Change Description
9/24/2026 $5,600,000 Listed Price

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560 Michigan Ave, Miami Beach, FL, 33139 is a Multi-Family Home for sale at $5,600,000. 560 Michigan Ave has 7 bedrooms, 5.0 baths, and was built in 1937. The property's zip code is 33139 which is in Miami Beach, FL

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