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$599,00012 days on marketActive

945 Michigan Avenue 5, Miami Beach, FL 33139

Miami Beach, FL 33139
2
Beds
2
Baths
976
Sq Ft
$614
$/Sq Ft
2007
Year Built
1 car
Garage

Listing Snapshot

List Price$599,000
Price / Sq Ft$614
Beds2
Baths2
Living Area976 sqft
Year Built2007
Property Tax$6,685/yr
HOA / Condo Fee$1,456 / monthly
MLS #1173240190
StatusActive
Days on Market12

About This Home

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.

General Features

Property Type
Residential
Sub-type
Condominium
Stories
4
Attached Garage
Yes
Garage Spaces
1
Parking
Attached,Covered,Garage,GarageDoorOpener
Security
SecuredGarageParking,PhoneEntry,SmokeDetectors
Subdivision
THE TERRACE CONDO

Interior Features

Appliances
Dryer,Dishwasher,ElectricRange,ElectricWaterHeater,Disposal,Microwave,Refrigerator,Washer
Flooring
Tile,Wood
Heating
Electric
Cooling
Electric
Interior Features
Elevator,Other
Window Features
Sliding

Exterior Features

Construction
Block
Exterior Features
Balcony,OutdoorLivingArea
Patio / Porch
Open,Balcony
View
Garden
Waterfront
No

Community Features

Association Amenities
Elevators
Association Dues
$1,456 / monthly
MLS Area
2420

Schools

ElementaryMiami Beach Fienberg / Fisher K-8
HighMiami Beach

Map

Virtual Tour

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Listed by Mxim Madcedi · VantaSure Realty LLC
MLS# 1173240190 · BEACH
Information deemed reliable but not guaranteed. © 2026 BEACH.

Interested in this home?

Schedule a showing or ask a question — buyer representation is free.

Estimate Your Payment

$

20% down · Loan: $479,000

%
Est. Monthly$5,281
Principal & Interest$3,268
Property Tax$557
HOA$1,456

Estimate only. Does not include insurance or PMI. Rate is illustrative — contact us for current rates.

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