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945 Michigan Ave 5, Miami Beach, FL
Offering:
For Sale
Location:
Miami Beach, FL 33139
Subdivision:
THE TERRACE CONDO
Status:
Active
$599,000
Details
Year built:
2007
Garage:
1
Parking:
1 covered
Style:
None
Days on market:
41
Association fee:
$1,456 / Monthly
Annual tax (2025):
$6,685
Type:
Condominium
MLS ID
A12029487
Virtual tour:
Listed by:
VantaSure Realty LLC (VNTS01)
Listing office phone:
Listing office email:
Listing agent:
Mxim Madcedi (3281228)
Features
Schools
Middle / junior:
Nautilus
High:
Miami Beach
School assignments come from the MLS feed and can change. Verify with the district before relying on them.
Association
Amenities:
Elevators
Fee includes:
Insurance, Maintenance Grounds, Maintenance Structure, Reserve Fund, Roof, Sewer, Trash, Water
Pets
Allowed:
yes
Restrictions:
Conditional
Description
This condo it is rented till August 2027. 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.
Price history
$599,000 → $599,000
· 1 price changes
Location
945 Michigan Ave 5Miami Beach, FL 33139
MLS information
Last updated Jul 23, 2026
Deemed reliable but not guaranteed.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
