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For sale
  • $599,000

    945 Michigan Ave APT 5, Miami Beach, FL 33139

    2beds
    976sqft
    : 
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    Condominium
    Built in 2007
    -- sqft lot
    $572,600 Zestimate®
    $614/sqft
    $1,456/mo HOA

    What's special

    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.
    42 days
    |
    546
    |
    39
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    Zillow last checked:

    Listing updated:

    Listed by:

    Mxim Madcedi 954-200-4045,

    VantaSure Realty LLC

    Source: MIAMI,MLS#: A12029487MLS LogoOriginating MLS: A-Miami Association of REALTORS

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      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

        $572,600

        $544,000 - $601,000

        $5,050/mo

        Price history

        DateEventPrice
        7/8/2026Listing removed$3,600$4/sqft
        Source: MIAMI Report a problem
        6/17/2026Listed for rent$3,600+3.2%$4/sqft
        Source: MIAMI #A12038699 Report a problem
        6/12/2026Listed for sale$599,000$614/sqft
        Source: MIAMI #A12029487 Report a problem
        12/13/2025Listing removed$3,490$4/sqft
        Source: MIAMI #A11884907 Report a problem
        11/30/2025Listed for rent$3,490$4/sqft
        Source: MIAMI #A11884907 Report a problem
        11/7/2025Listing removed$3,490$4/sqft
        Source: MIAMI #A11884907 Report a problem
        10/20/2025Price change$3,490-3.1%$4/sqft
        Source: MIAMI #A11884907 Report a problem
        9/27/2025Listed for rent$3,600+3%$4/sqft
        Source: MIAMI #A11884907 Report a problem
        4/20/2025Listing removed$3,495$4/sqft
        Source: MIAMI #A11766935 Report a problem
        3/21/2025Listed for rent$3,495+2.8%$4/sqft
        Source: MIAMI #A11766935 Report a problem
        2/28/2025Listing removed$599,000$614/sqft
        Source: MIAMI #A11714290 Report a problem
        12/30/2024Listed for sale$599,000+9.1%$614/sqft
        Source: MIAMI #A11714290 Report a problem
        10/30/2024Listing removed$3,400$3/sqft
        Source: MIAMI #A11671112 Report a problem
        10/4/2024Listed for rent$3,400-2.9%$3/sqft
        Source: MIAMI #A11671112 Report a problem
        6/29/2024Listing removed$549,000+4.6%$563/sqft
        Source: MIAMI #A11531902 Report a problem
        5/13/2024Listing removed--
        Source: MIAMI #A11563392 Report a problem
        5/2/2024Price change$524,900-2.6%$538/sqft
        Source: MIAMI #A11563339 Report a problem
        4/16/2024Listed for sale$539,000+19.8%$552/sqft
        Source: MIAMI #A11563339 Report a problem
        4/14/2024Listed for rent$3,500-11.4%$4/sqft
        Source: MIAMI #A11563392 Report a problem
        3/29/2024Listing removed--
        Source: MIAMI #A11531902 Report a problem
        3/25/2024Listed for rent$3,950$4/sqft
        Source: MIAMI #A11544349 Report a problem
        5/27/2022Sold$450,000+5.9%$461/sqft
        Source: MIAMI #A11179651 Report a problem
        9/1/2015Sold$425,000$435/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax 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.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: Flamingo Lummus

        Getting around

        95 / 100
        Walker's Paradise
        53 / 100
        Good Transit
        77 / 100
        Very Bikeable

        Nearby schools

        GreatSchools rating
        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.

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