Overview
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.
Virtual Tour
Address
- Street945 Michigan Ave #5
- CityMiami Beach
- SubdivisionTHE TERRACE CONDO
- CountyMiami-Dade County
- StateFL
- Zip33139
- MLS #A12029487
Interior
- Bedrooms Total2
- Door FeaturesHigh Impact Doors
- Entry Level3
- FlooringTile, Wood
- HeatingElectric
- HeatingYes
- Interior FeaturesElevator
- Living Area976
- Living Area UnitsSquare Feet
- Other EquipmentAutomatic Garage Door Opener, Elevator
- Rooms Total0
- Security FeaturesSmoke Detector, Phone Entry, Secured Garage/Parking
- Window FeaturesComplete Impact Glass, Sliding
Exterior
- Exterior FeaturesNone, Open Balcony
- Garage Spaces1
- GarageYes
- Lot Size Square Feet0
- Lot Size UnitsSquare Feet
- Parking Features1 Space, Additional Spaces Available, Parking-Under Building
- Patio And Porch FeaturesOpen Balcony
- ViewGarden View
- ViewYes
Structure
- Number Of Units Total8
- Stories Total4
- Structure TypeCondo 1-4 Stories, Condo
- Year Built2007
- Year Built DetailsResale
Utilities
- ElectricCircuit Breakers
Financial
- Other Expense0
- Parcel Number02-42-03-336-0050
- Public Survey Range42
- Public Survey Section3
- Public Survey Township42
- Tax Annual Amount6,685
- Tax Legal DescriptionTHE TERRACE CONDO UNIT 5 UNDIV 975.85/7232.26 INT IN COMMON ELEMENTS OFF REC 26092-2051
- Tax Year2025
Schools
- High SchoolMiami Beach
- Middle Or Junior SchoolNautilus
Location
- MLS Area MajorThe Terrace Condo
- Number Of Units In Community8
- Postal Code33139
- Postal Code Plus45387
- Street NameMichigan Ave
- Street Number945
- Street Number Numeric945
- Subdivision NameTHE TERRACE CONDO
- Unit Number5
- Unparsed Address945 Michigan Ave # 5, Miami Beach FL 33139
Features & Amenities
Mortgage Calculator
- Principal & interest
- Property tax
- Home insurance
- PMI
- HOA dues
Estimates only and not a loan offer. Taxes, insurance and rates vary — confirm with a lender.
Meet your agent
Mxim Madcedi
Listing Agent · VantaSure Realty LLC
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