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.
For sale
$5,600,000
560 Michigan Ave, Miami Beach, FL 33139
13beds
9baths
--sqft
Quadruplex
Built in 1937
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Two separate foliosRenovated buildingsCentral ac
- 43 days
- 109
- 7
Zillow last checked:
Listing updated:
Listed by:
Frank Euler PA 786-252-7308,
The Corcoran Group
Source: MIAMI,MLS#: A12094992
Originating MLS: A-Miami Association of REALTORS
Originating MLS: A-Miami Association of REALTORSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 13
- Bathrooms: 9
Heating
- Central
Cooling
- Central Air
Features
- Flooring: Other
Video & virtual tour
Property
Parking
- Total spaces: 9
Features
- Stories: 2
Lot
- Features: Less Than 1/4 Acre Lot
Details
- Parcel number: 0242030097780
- Zoning: 6503
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
Materials
- Concrete Block Construction
- Roof: Other
Condition
- Updated/Remodeled
- Year built: 1937
Utilities & green energy
- Sewer: Public Sewer
Community & HOA
Community
- Subdivision: Ocean Beach Addn No 3
HOA
- Has HOA: No
Location
- Region: Miami Beach
Financial & listing details
- Tax assessed value: $2,057,916
- Annual tax amount: $61,192
- Date on market: 9/24/2026
- Listing terms: All Cash,Conventional
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 9/24/2026 | Listed for sale | $5,600,000-17.6% |
Source:  MIAMI #A12094992 Report a problem | ||
| 10/2/2025 | Listing removed | $6,800,000 |
Source:  BeachesMLS #F10502928 Report a problem | ||
| 5/12/2025 | Listed for sale | $6,800,000-1.4% |
Source: BeachesMLS #F10502928 Report a problem | ||
| 4/15/2023 | Listing removed | -- |
Source: MIAMI #A11283971 Report a problem | ||
| 10/4/2022 | Listed for sale | $6,900,000-9.2% |
Source: MIAMI #A11283971 Report a problem | ||
| 7/21/2022 | Listing removed | -- |
Source: MIAMI #A11212563 Report a problem | ||
| 6/21/2022 | Price change | $7,600,000-1.3% |
Source: MIAMI #A11212563 Report a problem | ||
| 6/9/2022 | Price change | $7,700,000-1.3% |
Source: MIAMI #A11212563 Report a problem | ||
| 5/25/2022 | Listed for sale | $7,800,000+225% |
Source: MIAMI #A11212563 Report a problem | ||
| 9/30/2019 | Listing removed | $1,450 |
Source: Zillow Rental Manager Report a problem | ||
| 7/5/2019 | Listed for rent | $1,450 |
Source: Miami Beach Rentals Report a problem | ||
| 10/18/2018 | Listing removed | $2,400,000 |
Source: Trump International Realty #A10358358 Report a problem | ||
| 10/20/2017 | Listed for sale | $2,400,000+152.6% |
Source: Trump International Realty #A10358358 Report a problem | ||
| 8/19/2013 | Sold | $950,000+8.6% |
Source: Public Record Report a problem | ||
| 6/15/2006 | Sold | $875,000+460.9% |
Source: Public Record Report a problem | ||
| 12/18/1998 | Sold | $156,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $35,929 +5.8% | $1,837,145 +10% |
| 2024 | $33,945 +5.1% | $1,670,132 +10% |
| 2023 | $32,307 +6.3% | $1,518,302 +10% |
| 2022 | $30,401 +2.1% | $1,380,275 +10% |
| 2021 | $29,775 +4.3% | $1,254,796 +10% |
| 2020 | $28,540 +4.5% | $1,140,724 +10% |
| 2019 | $27,311 +25.3% | $1,037,022 +10% |
| 2018 | $21,793 | $942,748 +10% |
| 2017 | $21,793 +3.1% | $857,044 +10% |
| 2016 | $21,143 +33.5% | $779,131 +10% |
| 2015 | $15,834 +21% | $708,301 +10% |
| 2014 | $13,083 +5.5% | $643,910 +1.4% |
| 2013 | $12,398 0% | $635,250 +10% |
| 2012 | $12,398 -7.8% | $577,500 +10% |
| 2011 | $13,446 -6.2% | $525,000 -19.2% |
| 2010 | $14,336 -18.3% | $649,655 -23.8% |
| 2009 | $17,540 -4.7% | $852,647 -6.6% |
| 2007 | $18,410 +133.7% | $912,544 |
| 2006 | $7,879 | -- |
| 2005 | $7,879 +13.4% | -- |
| 2004 | $6,946 +40.6% | -- |
| 2003 | $4,940 +31.7% | -- |
| 2002 | $3,751 | -- |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: Flamingo Lummus
Similar homes
- $7,950,00010 bd6 ba-- sqftAlton Beach Bay Front Re-, Miami Beach, FL 33139For Sale
MLS ID #A12016111, Susan Gale, One Sotheby's International Realty. MIAMI - $2,950,00011 bd10 ba2.7k sqftLawrence Estates Land Cos, Miami, FL 33135For Sale
MLS ID #A12117933, Ricky Kallabat PA, Keller Williams Capital Realty. MIAMI - $3,650,00015 bd10 ba5.5k sqftWynd Wood Park, Miami, FL 33127For Sale
MLS ID #A12087540, Ricky Kallabat PA, Keller Williams Capital Realty. MIAMI - $4,487,61716 bd14 ba9.2k sqftBaywood, Miami, FL 33138For Sale
MLS ID #A11977783, Carlos Visbal, First Way Realty Services Inc. MIAMI - $6,200,00010 bd9 ba8.2k sqft2203 N Surf Road, Hollywood, FL 33019For Sale
MLS ID #F10544942, Ann E McQueen, Compass Florida, LLC. BeachesMLS - $6,200,00010 bd9 ba8.2k sqft2201 N Surf Road, Hollywood, FL 33019For SaleMLS ID #F10544933, Ann E McQueen, Compass Florida, LLC. BeachesMLS
- $7,325,00012 bd12 ba6k sqftBiscayne Bch Sub, Miami Beach, FL 33141For SaleMLS ID #A11929400, Kathrin Rein, Keller Williams Miami Beach. MIAMI
- $2,999,99912 bd16 ba8.2k sqftCleveland Terrace, Hollywood, FL 33020For SaleMLS ID #A12082151, Alejandro Bruno, RE/MAX 5 Star Realty. MIAMI
- $3,949,95010 bd8 ba12k sqft2nd Addn To Baracoa, Hialeah, FL 33016For SaleMLS ID #A12061086, Derek Varona, Sea Grove Realty. MIAMI
- $2,950,00012 bd12 ba5.8k sqftFulford Highlands Second, Miami, FL 33162For SaleMLS ID #A11942087, Abdiel Ramos, Bruckman Realty, LLC. MIAMI
