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Off market
  • $241,800

    551 Michigan Ave #223, Miami Beach, FL 33139

    1beds
    504sqft
    Apartment
    Built in 1945
    -- sqft lot
    $241,800 Zestimate®
    $480/sqft
    $2,090 Estimated rent

    Home value

    $241,800

    $220,000 - $266,000

    $2,090/mo

    Zestimate® history
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    $2,090/mo

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    $2,348/mo

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    What's special

    Enjoy your winters on the beach and escape to paradise in a beauty of a building. 1940s Art Deco historical building in the middle of South Beach, with a modern look on the inside. With only a few neighbors, you will have privacy. Walking distance from Miami Beach, Publix, Ocean Drive, Target, and South Pointe, the property is nearby many eventful venues. Pet friendly, so your friend will enjoy the Miami lifestyle as well. There is plenty of space for you (and your pet) in the one bed/one bath, with a total of three closets! Investment Opportunity: The unit is currently rented at $1,800 per month, with the lease expiring in February. Please do not disturb the tenant. This property will be sold AS IS. Remolded and Repairs: The roof was done in 2023, paint and general repairs in 2023, landscaping in 2024, and brand new railings done in 2024. For Sale By Owner – Please get in touch with JuanDavid Sanchez at 786-444-8674 for more information. Buyer's Agent Welcomed.

    This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 1
    • Bathrooms: 1
    • Full bathrooms: 1
    Heating
    • Forced air, Electric
    Cooling
    • Other
    Appliances
    • Included: Dishwasher, Microwave, Range / Oven, Refrigerator, Washer
    Features
    • Flooring: Hardwood
    • Basement: None
    Interior area
    • Total interior livable area: 504 sqft

    Property

    Parking
    • Parking features: Off-street
    Details
    • Parcel number: 0242033640160

    Construction

    Type & style
    • Home type: Apartment
    Condition
    • Year built: 1945

    Community & HOA

    Community
    • Features: On Site Laundry Available
    HOA
    • Has HOA: Yes
    • HOA fee: $580 monthly
    Location
    • Region: Miami Beach

    Financial & listing details

    • Price per square foot: $480/sqft
    • Tax assessed value: $187,877
    • Annual tax amount: $2,744

    Price history

    DateEventPrice
    12/6/2024Listing removed$247,000$490/sqft
    Source: MIAMI #A11667137 Report a problem
    12/6/2024Listed for sale$247,000-6.8%$490/sqft
    Source: MIAMI #A11667137 Report a problem
    10/18/2024Contingent$265,000$526/sqft
    Source: MIAMI #A11667137 Report a problem
    10/10/2024Listed for sale$265,000+8.2%$526/sqft
    Source: MIAMI #A11667137 Report a problem
    9/28/2024Listing removed--
    Source: Owner Report a problem
    9/16/2024Listed for sale$245,000+30.7%$486/sqft
    Source: Owner Report a problem
    2/11/2024Listing removed--
    Source: Zillow Rentals Report a problem
    2/6/2024Price change$1,800-10%$4/sqft
    Source: Zillow Rentals Report a problem
    12/26/2023Listed for rent$2,000$4/sqft
    Source: Zillow Rentals Report a problem
    10/3/2021Listing removed--
    Source: Zillow Rental Manager Report a problem
    8/22/2021Listed for rent$2,000+45.5%$4/sqft
    Source: Zillow Rental Manager Report a problem
    10/20/2020Sold$187,500-5.8%$372/sqft
    Source: MIAMI #A10749010 Report a problem
    9/3/2020Pending sale$199,000$395/sqft
    Source: Metrocoma Realty #A10749010 Report a problem
    10/11/2019Listing removed$1,375$3/sqft
    Source: Metrocoma Realty #A10741371 Report a problem
    10/4/2019Price change$1,375-1.8%$3/sqft
    Source: Metrocoma Realty #A10741371 Report a problem
    10/1/2019Listed for sale$199,000+9%$395/sqft
    Source: Metrocoma Realty #A10749010 Report a problem
    9/24/2019Sold$182,500$362/sqft
    Source: Public Record Report a problem
    9/19/2019Listed for rent$1,400$3/sqft
    Source: Metrocoma Realty #A10741371 Report a problem
    7/24/2019Listing removed$1,400$3/sqft
    Source: Metrocoma Realty #A10694527 Report a problem
    6/22/2019Listed for rent$1,400$3/sqft
    Source: Metrocoma Realty #A10694527 Report a problem
    7/13/2018Listing removed$1,400$3/sqft
    Source: Sator Realty LLC #A10485816 Report a problem
    6/13/2018Listed for rent$1,400+0.4%$3/sqft
    Source: Sator Realty LLC #A10485816 Report a problem
    11/2/2017Listing removed$1,395$3/sqft
    Source: Jetset Realty, LLC #A10295176 Report a problem
    8/3/2017Price change$1,395-6.7%$3/sqft
    Source: Jetset Realty, LLC #A10295176 Report a problem
    6/16/2017Listed for rent$1,495$3/sqft
    Source: Jetset Realty, LLC #A10295176 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$2,744 -24.6%$187,877 -20%
    2024$3,639 +4.3%$234,846 +29.1%
    2023$3,487 +8.8%$181,876 +10%
    2022$3,206 +10.5%$165,342 +10%
    2021$2,902 +8.7%$150,311 +9%
    2020$2,670 -30.1%$137,900 -30%
    2019$3,818 +3.2%$197,000 +0.1%
    2018$3,699 $196,733
    2017$3,699 -1.3%$196,733 +8%
    2016$3,746 $182,160
    Find assessor info on the county website

    Neighborhood: Flamingo Lummus

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $241,800
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    Estimated market value
    $241,800