551/557 Michigan 115
Unit 115
1 / 9
551/557 Michigan Unit 115 For Sale
$235,000
557 Michigan Avenue 115 · Ocean Drive · Miami Beach
557 Michigan Avenue 115, 557 Michigan Avenue 115, Ocean Drive, Miami Beach FL 33139, photo 1 of 9557 Michigan Avenue 115, 557 Michigan Avenue 115, Ocean Drive, Miami Beach FL 33139, photo 2 of 9557 Michigan Avenue 115, 557 Michigan Avenue 115, Ocean Drive, Miami Beach FL 33139, photo 3 of 9557 Michigan Avenue 115, 557 Michigan Avenue 115, Ocean Drive, Miami Beach FL 33139, photo 4 of 9557 Michigan Avenue 115, 557 Michigan Avenue 115, Ocean Drive, Miami Beach FL 33139, photo 5 of 9557 Michigan Avenue 115, 557 Michigan Avenue 115, Ocean Drive, Miami Beach FL 33139, photo 6 of 9557 Michigan Avenue 115, 557 Michigan Avenue 115, Ocean Drive, Miami Beach FL 33139, photo 7 of 9557 Michigan Avenue 115, 557 Michigan Avenue 115, Ocean Drive, Miami Beach FL 33139, photo 8 of 9557 Michigan Avenue 115, 557 Michigan Avenue 115, Ocean Drive, Miami Beach FL 33139, photo 9 of 9
$235,000Asking Price
$552Per SqFt
1/1Beds/BathsBd/Ba
426SqFt · 39.6 m²
551/557 Michigan · MLS A12046382 · 78 days on Zilbert · Listed Jul 1, 2026 · 557 Michigan Avenue 115, Ocean Drive, Miami Beach FL 33139Current layoutPhotos first

Property Details

Asking Price$235,000
Price per SqFt$552
Maintenance fee$450 Monthly
Property Taxes$4,047 2025
Interior Space426 SqFt
Beds/Baths1/1
Year Built1945
MLS #A12046382

Estimated Costs

An estimate of condo or HOA fees and property taxes

Monthly carry, before financing
$450maintenance · $450 per month
$337taxes · $4,047/yr ÷ 12
$787 / monthassociation + taxes, before mortgage and insurance

Fees and taxes based on MLS provided figures, and may not be accurate

From the listing

Great renovated 1-bedroom, 1-bathroom condo in a Prime location. Enjoy the benefit of an exceptionally low monthly HOA for the area, with no special assessments.This property is currently tenant-occupied, providing immediate rental income from the day of closing. Located in a rapidly growing neighborhood, it also offers excellent flexibility for investors, with the ability to rent every 30 days.Just steps from the beach, upscale dining, and premier shopping, this is an outstanding opportunity for both investors and future homeowners seeking a property in one of the area's most sought-after locations.

Listed by Miami Beach Real Estate Group

Sales History for This Home · 551/557 Michigan Unit 115

Sales history is unavailable for this property

Mark Zilbert
Mark Zilbert
Licensed Real Estate Broker · I track every sale at 551/557 Michigan. Ask me about this home or the neighborhood.
+1 (786) 280-0201

Listed by Miami Beach Real Estate Group. Mark Zilbert of ONE Sotheby's International Realty is a cooperating (transaction) broker and helps buyers find properties in Miami Beach and throughout South Florida.

Location

Directions

The curated data and calculated data for this property and its surrounding condo units and homes is based solely on data we have extracted from the MLS. There may be unpublished, private, quit claim and other property offerings and transfers that do not appear here, which may affect how a buyer or seller perceives property values. Always conduct proper due diligence when considering buying or selling property.