945 Michigan Ave # 5 Miami Beach FL 33139 | MLS #A12029487
945 Michigan Ave # 5
Miami Beach, FL, 33139
$599,000
2 Beds
2 Baths
976 SqFt
0 Acres
$599,000
945 Michigan Ave # 5
Miami Beach, FL, 33139
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This condo it is rented till August 2027. 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.

Property Details

Price:
$599,000
MLS #:
A12029487
Status:
Active
Beds:
2
Baths:
2
Type:
Condo
Subtype:
Condominium
Subdivision:
THE TERRACE CONDO
Neighborhood:
theterracecondo
Listed Date:
Jun 2, 2026
Finished Sq Ft:
976
Total Sq Ft:
976
Year Built:
2007
The Terrace CondoTheterracecondoThe Terrace CondoNautilusMiami BeachGarden ViewOk To Lease

Schools

Middle School:
Nautilus
High School:
Miami Beach

Interior

Appliances
Dishwasher, Disposal, Dryer, Electric Range, Electric Water Heater, Microwave, Refrigerator, Washer
Bathrooms
2 Full Bathrooms
Cooling
Electric
Flooring
Tile, Wood
Heating
Electric
Interior Features
Elevator

Exterior

Association Amenities
Elevator(s)
Attached Garage YN
1
Construction Materials
CBS Construction
Covered Spaces
1
Exterior Features
None, Open Balcony
Garage Spaces
1
Parking Features
1 Space, Additional Spaces Available, Parking-Under Building
Patio And Porch Features
Open Balcony
Security Features
Smoke Detector, Phone Entry, Secured Garage/Parking
View
Garden View
Window Features
Complete Impact Glass, Sliding

Financial

HOA Fee
$1,456
HOA Fee Frequency
Monthly
Tax Year
2025
Taxes
$6,685
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Map

Current real estate data for Condo in Miami Beach as of Sep 11, 2026
1,719
Condo Listed
184
Avg DOM
1,004
Avg $ / SqFt
$1,620,021
Avg List Price

Community

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Property Summary

    Located in the THE TERRACE CONDO subdivision, 945 Michigan Ave # 5 Miami Beach FL is a Condo for sale in Miami Beach, FL, 33139. It is listed for $599,000 and features 2 beds, 2 baths, and has approximately 976 square feet of living space, and was originally constructed in 2007. The current price per square foot is $614. The average price per square foot for Condo listings in Miami Beach is $1,004. The average listing price for Condo in Miami Beach is $1,620,021.
945 Michigan Ave # 5
Miami Beach, FL