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.
For sale
$599,000
945 Michigan Ave APT 5, Miami Beach, FL 33139
2beds
976sqft
Condominium
Built in 2007
-- sqft lot
$570,400 Zestimate®
$614/sqft
$1,456/mo HOA
What's special
Two beautiful rooftop terracesSpacious layoutImpact windows and doorsAssigned indoor parking
- 96 days
- 451
- 37
Zillow last checked:
Listing updated:
Listed by:
Mxim Madcedi 954-200-4045,
VantaSure Realty LLC
Source: MIAMI,MLS#: A12029487
Originating MLS: A-Miami Association of REALTORS
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Electric
Cooling
- Electric
Appliances
- Included: Dishwasher, Disposal, Dryer, Electric Range, Electric Water Heater, Microwave, Refrigerator, Washer
Features
- Elevator
- Flooring: Tile, Wood
- Doors: High Impact Doors
- Windows: Complete Impact Glass, Sliding
Interior area
- Total structure area: 976
- Total interior livable area: 976 sqft
Video & virtual tour
Property
Parking
- Total spaces: 1
- Parking features: 1 Space, Additional Spaces Available, Parking-Under Building, Garage Door Opener
- Attached garage spaces: 1
Features
- Exterior features: None, Balcony
- Has view: Yes
- View description: Garden
Details
- Parcel number: 0242033360050
Construction
Type & style
- Home type: Condo
- Property subtype: Condominium
Materials
- CBS Construction
Condition
- Year built: 2007
Utilities & green energy
- Electric: Circuit Breakers
Community & HOA
Community
- Security: Smoke Detector, Phone Entry, Secured Garage/Parking
- Application fee: $150
- Subdivision: The Terrace Condo
HOA
- Has HOA: Yes
- Amenities included: Elevator(s)
- HOA fee: $1,456 monthly
Location
- Region: Miami Beach
Financial & listing details
- Price per square foot: $614/sqft
- Tax assessed value: $356,387
- Annual tax amount: $6,685
- Date on market: 6/2/2026
- Listing terms: All Cash,Conventional,Cryptocurrency
Estimated market value
$570,400
$542,000 - $599,000
$4,374/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/8/2026 | Listing removed | $3,600$4/sqft |
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| 6/17/2026 | Listed for rent | $3,600+3.2%$4/sqft |
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| 6/12/2026 | Listed for sale | $599,000$614/sqft |
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| 12/13/2025 | Listing removed | $3,490$4/sqft |
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| 11/30/2025 | Listed for rent | $3,490$4/sqft |
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| 11/7/2025 | Listing removed | $3,490$4/sqft |
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| 10/20/2025 | Price change | $3,490-3.1%$4/sqft |
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| 9/27/2025 | Listed for rent | $3,600+3%$4/sqft |
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| 4/20/2025 | Listing removed | $3,495$4/sqft |
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| 3/21/2025 | Listed for rent | $3,495+2.8%$4/sqft |
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| 2/28/2025 | Listing removed | $599,000$614/sqft |
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| 12/30/2024 | Listed for sale | $599,000+9.1%$614/sqft |
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| 10/30/2024 | Listing removed | $3,400$3/sqft |
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| 10/4/2024 | Listed for rent | $3,400-2.9%$3/sqft |
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| 6/29/2024 | Listing removed | $549,000+4.6%$563/sqft |
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| 5/13/2024 | Listing removed | -- |
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| 5/2/2024 | Price change | $524,900-2.6%$538/sqft |
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| 4/16/2024 | Listed for sale | $539,000+19.8%$552/sqft |
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| 4/14/2024 | Listed for rent | $3,500-11.4%$4/sqft |
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| 3/29/2024 | Listing removed | -- |
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| 3/25/2024 | Listed for rent | $3,950$4/sqft |
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| 5/27/2022 | Sold | $450,000+5.9%$461/sqft |
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| 9/1/2015 | Sold | $425,000$435/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $6,686 -5.2% | $356,387 -5% |
| 2024 | $7,049 -0.6% | $375,144 |
| 2023 | $7,089 +22.7% | $375,144 +33.6% |
| 2022 | $5,779 +17.3% | $280,720 +10% |
| 2021 | $4,927 -0.3% | $255,200 |
| 2020 | $4,941 +9.9% | $255,200 +10% |
| 2019 | $4,496 -2.2% | $232,000 -5.1% |
| 2018 | $4,597 | $244,445 |
| 2017 | $4,597 -1.3% | $244,445 -28% |
| 2016 | $4,655 -29.7% | $339,508 +8.7% |
| 2015 | $6,619 +14.8% | $312,252 +10% |
| 2014 | $5,767 +9.2% | $283,866 +10% |
| 2013 | $5,283 | $258,060 |
| 2012 | $5,283 -1.1% | $258,060 |
| 2011 | $5,342 -6.2% | $258,060 |
| 2010 | $5,694 -1.3% | $258,060 -8% |
| 2009 | $5,770 | $280,500 |
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
Nearby schools
Schools provided by the listing agent
- Middle: Nautilus
- High: Miami Beach
Source: MIAMI. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.








