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Homes for sale in Miami Beach
Condominium

945 Michigan Ave # 5

Miami Beach, FL 33139
$599,000
Beds
2
Baths
2
Sq ft
976
Year built
2007
Price per sq ft
$614

Listing courtesy of Mxim Madcedi, VantaSure Realty LLC

About this home

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.

Details

Property

Type
Condominium
Building
Condo 1-4 Stories
Year built
2007
Stories
4
Building name
THE TERRACE CONDO
Subdivision
THE TERRACE CONDO
County
Miami-Dade County
View
Garden View
Flood zone
AE

Interior

Appliances
Dishwasher, Disposal, Dryer, Electric Range, Electric Water Heater, Microwave, Refrigerator, Washer
Flooring
Tile, Wood
Cooling
Electric
Heating
Electric
Features
Elevator

Exterior and parking

Exterior
Open Balcony
Patio and porch
Open Balcony
Parking
1 Space, Additional Spaces Available, Parking-Under Building
Garage spaces
1
Construction
CBS Construction

Community and fees

Association fee
$1,456 monthly
Amenities
Elevator(s)
Maintenance includes
Building Exterior, Elevator, Insurance, Landscaping/Lawn Maintenance, Outside Maintenance, Reserve Fund, Roof Repairs, Sewer, Trash Removal, Water
Security
Smoke Detector, Phone Entry, Secured Garage/Parking
Annual taxes
$6,685
Terms
All Cash, Conventional, Cryptocurrency
Minimum lease (days)
365

Neighborhood

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The data relating to real estate for sale or lease on this website comes in part from the Internet Data Exchange (IDX) program of MIAMI REALTORS® MLS. Listings are provided by participating brokers.

Information is deemed reliable but is not guaranteed and should be independently verified. It is subject to change and is provided for consumers’ personal, non-commercial use only, to identify properties they may be interested in. Listing last updated September 1, 2026.