Home/Search/945 Michigan Ave # 5, Miami Beach FL 33139
945 Michigan Ave # 5, Miami Beach FL 331391 / 23
For Sale
Condominium

$599,000

945 Michigan Ave # 5, Miami Beach FL 33139

2

Bedrooms

2

Bathrooms

976

Sq Ft

About This Property

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

MLS #:A12029487
Price:$599,000
Status:For Sale
Days on Market:81
Date Listed:Jun 2, 2026
Bedrooms:2
Total Bathrooms:2
Full Bathrooms:2
Half Bathrooms:0
Living Area:976 sqft
Building Area:976 sqft
Price per Sqft:$614/sqft
Year Built:2007
Property Type:Residential
Property Sub Type:Condominium

Bedrooms:2
Full Bathrooms:2
Half Bathrooms:0
Heating:Electric
Cooling:Electric
Appliances:Dishwasher, Disposal, Dryer, Electric Range, Electric Water Heater, Microwave, Refrigerator, Washer
Flooring:Tile, Wood
Interior Features:Elevator
Window Features:Complete Impact Glass, Sliding
Door Features:High Impact Doors
Security Features:Smoke Detector, Phone Entry, Secured Garage/Parking
Stories:4
Virtual Tour:Available

Construction Materials:CBS Construction
Structure Type:Condo 1-4 Stories, Condo
Exterior Features:None, Open Balcony
Patio/Porch:Open Balcony
View:Garden View
Electric:Circuit Breakers

Parking Features:1 Space, Additional Spaces Available, Parking-Under Building
Garage Spaces:1
Covered Spaces:1
Attached Garage:Yes

HOA:Yes
HOA Fee:$1,456/Monthly
HOA Amenities:Elevator(s)

Area/Region:The Terrace Condo
Middle School:Nautilus
High School:Miami Beach

Price per Sqft:$614/sqft
Annual Tax Amount:$6,685
Tax Year:2025
Listing Terms:All Cash, Conventional, Cryptocurrency
Parcel Number:02-42-03-336-0050
Legal Description:THE TERRACE CONDO UNIT 5 UNDIV 975.85/7232.26 INT IN COMMON ELEMENTS OFF REC 26092-2051
REsource

REsource

Real Estate Source Company

Interested in this property? Contact us today for a private showing.

Location

Marker
Leaflet © OpenStreetMap contributors
Hold Ctrl + scroll to zoom the map

© 2026 MIAMI Association of REALTORS® (MAOR). All rights reserved. The data relating to real estate for sale on this web site comes in part from the participating Associations/MLS's in the MIAMI Association of REALTORS® cooperative agreement: Broward, Palm Beaches & St. Lucie REALTORS® and the Miami Association of REALTORS®.

The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Use of search facilities of data on the site, other than a consumer looking to purchase real estate, is prohibited.

Information is deemed reliable but not guaranteed.

Listing courtesy of VantaSure Realty LLC. Data last updated September 1, 2026 at 10:14 AM.