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Off market
  • Tax assessed value
    $1,571,495

    721 Michigan Ave, Miami Beach, FL 33139

    0beds
    0baths
    6,969Square Feet
    VacantLand
    Built in 1926
    6,969 Square Feet Lot
    $-- Zestimate®
    $442/sqft
    $1,883 Estimated rent

    Home value

    Not available

    Estimated sales range

    Not available

    $1,883/mo

    Zestimate® history
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    Owner options

    List your home for rent

    $1,883/mo

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    $1,883/mo

    Rent Zestimate®

    Refinance and save

    $10,847/mo

    Est. payment

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    $10,847/mo

    Est. payment

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    What's special

    This rare, Licensed Short Term Rental property in the Heart of South Beach provides extraordinary potential for a variety of enterprises. The 7,000 square foot complex is comprised of eleven Short Term Rental Units disposed around a central courtyard. The Main Building contains seven rental units (all with private baths), lobby, and upstairs common areas. The Courtyard Building to the rear provides four units with private entries, private baths, and private gardens. See attached OM for additional info.

    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: 0
    • Bathrooms: 0
    Interior area
    • Total interior livable area: 3,555 sqft

    Property

    Features
    • Exterior features: Other
    Lot
    • Size: 6,969 Square Feet
    Details
    • Parcel number: 0242030096530

    Community & HOA

    Location
    • Region: Miami Beach

    Financial & listing details

    • Price per square foot: $442/sqft
    • Tax assessed value: $1,571,495
    • Annual tax amount: $29,481

    Price history

    DateEventPrice
    10/31/2018Sold$2,350,000+2.2%$661/sqft
    Source: Public Record Report a problem
    8/29/2017Listing removed$2,299,000$647/sqft
    Source: Miami Beach #A10145636 Report a problem
    5/26/2017Price change$2,299,000-8%$647/sqft
    Source: Miami Beach #A10145636 Report a problem
    4/22/2017Listed for sale$2,499,000+31.6%$703/sqft
    Source: Miami Beach #A10145636 Report a problem
    2/16/2017Listing removed$1,899,000$534/sqft
    Source: Miami Beach #A10194806 Report a problem
    1/3/2017Price change$1,899,000-17.4%$534/sqft
    Source: Miami Beach #A10194806 Report a problem
    12/2/2016Price change$2,300,000-16.4%$647/sqft
    Source: Miami Beach #A10194806 Report a problem
    10/27/2016Price change$2,750,000-23.1%$774/sqft
    Source: Miami Beach #A10194806 Report a problem
    9/9/2016Listed for sale$3,575,000+98.6%$1,006/sqft
    Source: The Keyes Company Report a problem
    6/28/2016Sold$1,800,000+50%$506/sqft
    Source: Public Record Report a problem
    3/20/2007Sold$1,200,000+41.2%$338/sqft
    Source: Public Record Report a problem
    11/2/2005Sold$850,000+75.3%$239/sqft
    Source: Public Record Report a problem
    4/29/2002Sold$485,000$136/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$29,481 -12%$1,571,495 -11.9%
    2024$33,503 -0.6%$1,782,919 -0.1%
    2023$33,718 +10.6%$1,784,343 +10%
    2022$30,489 -2.7%$1,622,696 +0%
    2021$31,329 +0.4%$1,622,563 +0.7%
    2020$31,206 +4.4%$1,611,911 +4.5%
    2019$29,880 +3.1%$1,541,919 0%
    2018$28,995 $1,541,927 -2.1%
    2017$28,995 -3.3%$1,574,664 -2.1%
    2016$29,986 +66.6%$1,608,752 +77.1%
    2015$18,002 +1.6%$908,608 +4.2%
    2014$17,710 +16.8%$871,656 +7%
    2013$15,159 0%$814,590 +10%
    2012$15,159 -1.1%$740,537 0%
    2011$15,329 -15.6%$740,543 -16.1%
    2009$18,165 +15.8%$883,029
    2006$15,687 --
    2005$15,687 +14.9%--
    2004$13,649 +103.3%--
    2003$6,713 +32.9%--
    2002$5,050 --
    2001$5,050 --
    Find assessor info on the county website

    Neighborhood: Flamingo Lummus

    Nearby schools

    GreatSchools rating