‹›551/557 Michigan 223
Unit 223
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551/557 Michigan Unit 223 For Sale

$240,000
551 Michigan Avenue 223 · Ocean Drive · Miami Beach
551/557 Michigan Unit 223 For Sale
$240,000
551 Michigan Avenue 223 · Ocean Drive · Miami Beach
MLS A12107402
551 Michigan Avenue 223, 551 Michigan Avenue 223, Ocean Drive, Miami Beach FL 33139, photo 1 of 18551 Michigan Avenue 223, 551 Michigan Avenue 223, Ocean Drive, Miami Beach FL 33139, photo 2 of 18551 Michigan Avenue 223, 551 Michigan Avenue 223, Ocean Drive, Miami Beach FL 33139, photo 3 of 18551 Michigan Avenue 223, 551 Michigan Avenue 223, Ocean Drive, Miami Beach FL 33139, photo 4 of 18551 Michigan Avenue 223, 551 Michigan Avenue 223, Ocean Drive, Miami Beach FL 33139, photo 5 of 18551 Michigan Avenue 223, 551 Michigan Avenue 223, Ocean Drive, Miami Beach FL 33139, photo 6 of 18551 Michigan Avenue 223, 551 Michigan Avenue 223, Ocean Drive, Miami Beach FL 33139, photo 7 of 18551 Michigan Avenue 223, 551 Michigan Avenue 223, Ocean Drive, Miami Beach FL 33139, photo 8 of 18551 Michigan Avenue 223, 551 Michigan Avenue 223, Ocean Drive, Miami Beach FL 33139, photo 9 of 18551 Michigan Avenue 223, 551 Michigan Avenue 223, Ocean Drive, Miami Beach FL 33139, photo 10 of 18551 Michigan Avenue 223, 551 Michigan Avenue 223, Ocean Drive, Miami Beach FL 33139, photo 11 of 18551 Michigan Avenue 223, 551 Michigan Avenue 223, Ocean Drive, Miami Beach FL 33139, photo 12 of 18551 Michigan Avenue 223, 551 Michigan Avenue 223, Ocean Drive, Miami Beach FL 33139, photo 13 of 18551 Michigan Avenue 223, 551 Michigan Avenue 223, Ocean Drive, Miami Beach FL 33139, photo 14 of 18551 Michigan Avenue 223, 551 Michigan Avenue 223, Ocean Drive, Miami Beach FL 33139, photo 15 of 18551 Michigan Avenue 223, 551 Michigan Avenue 223, Ocean Drive, Miami Beach FL 33139, photo 16 of 18551 Michigan Avenue 223, 551 Michigan Avenue 223, Ocean Drive, Miami Beach FL 33139, photo 17 of 18551 Michigan Avenue 223, 551 Michigan Avenue 223, Ocean Drive, Miami Beach FL 33139, photo 18 of 18
$240,000Asking Price
$476Per SqFt
1/1Beds/BathsBd/Ba
504SqFt · 46.8 m²
551/557 Michigan · MLS A12107402 · 17 days on Zilbert · Listed Oct 15, 2026 · 551 Michigan Avenue 223, Ocean Drive, Miami Beach FL 33139

Property Details

Asking Price$240,000
Price per SqFt$476
Maintenance Fee$581 Monthly
Property Taxes$3,487 2025
Interior Space504 SqFt
Beds/Baths1/1
Year Built1945
MLS #A12107402

Location

Directions

From the listing

Discover an exceptional opportunity to own a piece of Miami Beach in a charming Art Deco building that combines timeless character, valuable improvements, and an unbeatable location! Just blocks from the beautiful beaches of South Beach, this property offers the ultimate coastal lifestyle, surrounded by world-class dining, boutique shopping, entertainment, and the vibrant energy of Miami Beach. What truly sets this property apart are the significant building improvements: a ROOF APPROXIMATELY 3 YEARS OLD, IMPACT-RESISTANT WINDOWS AND DOORS, SUCCESSFULLY COMPLETED 40-YEAR RECERTIFICATION, AND BUILDING INSURANCE IN PLACE. These important features add tremendous value and appeal for today’s buyers. Enjoy the convenience of a highly walkable neighborhood where the beach, charming cafés, and iconic Art Deco architecture are part of everyday life. Perfect as a primary residence, vacation getaway, or investment opportunity, this property offers the chance to enjoy one of South Florida’s most desirable coastal communities. Association has no reserves; financing with 20% down may be possible, subject to lender approval. A fantastic opportunity to embrace the South Beach lifestyle while benefiting from important building upgrades. Schedule your private showing today!

Listed by Lifestyle International Realty

What It Costs to Own

Monthly, before a mortgage and insurance

Maintenance$581
Property taxes$291
Per month$872

Maintenance $581 a month; taxes $3,487 for 2025. MLS figures, which may not be accurate.

Sales History for This Home · 551/557 Michigan Unit 223

Sales history is unavailable for this property

Mark Zilbert, Global Real Estate Advisor
Mark Zilbert
Global Real Estate Advisor · ONE Sotheby's International Realty · I track every sale at 551/557 Michigan. Ask me about this home or the neighborhood.

Listed by Lifestyle International Realty. 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.

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.

Ask Mark