Michigan Place Homes for Sale

Michigan Place Condo is a community in Miami Beach, Miami-Dade County, Florida. Active listings are priced from $385,000 to $1,200,000. Homes were built between 1936 and 2011. Pure Equity lists homes in Michigan Place and represents buyers. Commission is negotiable, and what we are paid is agreed with you in writing before you commit to anything.

Pure Equity Realty covers Michigan Place and the Miami Beach area. We list for 1%, which includes photography, MLS syndication, and negotiation support. Buyers pay nothing for representation. For current market data, see Florida Realtors' market statistics.

Our MLS feed shows 2 Michigan Place Miami Beach homes for sale as of September 2026. The median asking price is $793,000. Asking prices run from $385,000 to $1.2M.

That is 22% above the Miami Beach median of $650,000. On a per-foot basis, homes here ask about $793 per square foot, compared with $697 across Miami Beach. So the median price buys roughly 1,000 square feet of living area. With so few listings, though, treat these figures as a snapshot rather than a trend.

Listings here have averaged 268 days on the market. That is slower than the Miami Beach average of 174 days. Because of that, buyers often have more room to negotiate on price, repairs or closing costs.

Homes listed in Michigan Place date from 1936 to 2011. That puts them between 15 and 90 years old.

The range straddles 2002, when Florida adopted its statewide building code. Therefore two similar-looking homes here can carry very different insurance premiums. Ask for the wind mitigation report on any home you consider, since it drives much of that difference.

In addition, most Florida insurers ask for a four-point inspection on homes 30 years or older. It covers the roof, electrical, plumbing and HVAC. Updated systems usually make coverage easier to place.

Condo buyers should also know Florida's 2022 condo safety law. It requires milestone structural inspections for buildings three stories or taller as they age. It also requires a structural integrity reserve study. Before you sign, request both reports and the current reserve balance.

Michigan Place is a condo building. Also request the association budget, recent minutes and any special assessments before you sign.

Here is what the median Michigan Place price means in Florida closing terms. At $793,000, a 20% down payment comes to about $159,000, leaving a loan near $634,000.

Florida then taxes that loan twice. First, documentary stamp tax on the note runs 35 cents per $100, or about $2,219. Next, the intangible tax of 0.2% adds about $1,268. Buyers normally pay both at closing.

On the seller side, Miami-Dade charges deed stamps of 60 cents per $100 on a single-family home, about $4,755 at this price. Condos and other property types pay a higher rate.

Finally, owner-occupants should file for the Florida homestead exemption by March 1. It removes up to $50,000 of assessed value. After that, Save Our Homes caps yearly assessment increases at 3% or inflation, whichever is lower. To see what these numbers mean for your budget, get pre-approved before you tour.

Recent Michigan Place listings show assignments to Miami Beach Fienberg / Fisher K-8 (elementary) and Miami Beach (high). However, boundaries can change each year, so confirm the assignment for a specific address with Miami-Dade County Public Schools.