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  5. 551 Michigan Ave
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551 Michigan Ave

551 Michigan Ave, Miami Beach, FL, 33139

YEAR BUILT

1945

# STORIES

2

# TOTAL UNITS

15

UNIT SIZE RANGE

426-528 sqft

Description

551 Michigan Ave sits in Miami Beach, at the intersection of Collins Avenue and 15th Street. The building is close to the Atlantic Ocean, providing a backdrop of coastal beauty. South Beach is nearby, placing restaurants and parks within a short distance. Lincoln Road, known for shopping and dining, is also just minutes away. The low-rise building has 2 stories and contains 15 condominium units. Completed in 1945, the structure features a garden view that enhances the living experience. Unit sizes range from 426 to 528 square feet. Each unit has 1 bedroom, making them ideal for singles or couples. Prices for the units range from $285,000 to $320,000, with an average sold price of about $235,000. The average price per square foot is $552. Units have spent around 397 days on the market recently, reflecting a variety of buyer interest. This suggests that the pricing may prompt offers as market conditions shift. Amenities include on-site laundry facilities for added convenience. Hurricane windows and stainless steel appliances throughout enhance the livability of the residences. Some units may have open-concept layouts, corner placements, and laminate floors, appealing to different style preferences. Living here provides easy access to local eateries like El Palacio De Los Jugos and Editor Pizza. Additionally, the neighborhood houses the Miami Beach Hispanic Community public school. This location balances residential comfort with city vibrancy, making it attractive for those seeking a community feel close to the beach.

Building ImageMLS ID #A11642922
Building ImageMLS ID #A11749992
Building Image
Building ImageView Listing

551 Michigan Ave

551 Michigan Ave, Miami Beach, FL, 33139

YEAR BUILT

1945

# STORIES

2

# TOTAL UNITS

15

UNIT SIZE RANGE

426-528 sqft

Description

551 Michigan Ave sits in Miami Beach, at the intersection of Collins Avenue and 15th Street. The building is close to the Atlantic Ocean, providing a backdrop of coastal beauty. South Beach is nearby, placing restaurants and parks within a short distance. Lincoln Road, known for shopping and dining, is also just minutes away. The low-rise building has 2 stories and contains 15 condominium units. Completed in 1945, the structure features a garden view that enhances the living experience. Unit sizes range from 426 to 528 square feet. Each unit has 1 bedroom, making them ideal for singles or couples. Prices for the units range from $285,000 to $320,000, with an average sold price of about $235,000. The average price per square foot is $552. Units have spent around 397 days on the market recently, reflecting a variety of buyer interest. This suggests that the pricing may prompt offers as market conditions shift. Amenities include on-site laundry facilities for added convenience. Hurricane windows and stainless steel appliances throughout enhance the livability of the residences. Some units may have open-concept layouts, corner placements, and laminate floors, appealing to different style preferences. Living here provides easy access to local eateries like El Palacio De Los Jugos and Editor Pizza. Additionally, the neighborhood houses the Miami Beach Hispanic Community public school. This location balances residential comfort with city vibrancy, making it attractive for those seeking a community feel close to the beach.

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Description

551 Michigan Ave sits in Miami Beach, at the intersection of Collins Avenue and 15th Street. The building is close to the Atlantic Ocean, providing a backdrop of coastal beauty. South Beach is nearby, placing restaurants and parks within a short distance. Lincoln Road, known for shopping and dining, is also just minutes away. The low-rise building has 2 stories and contains 15 condominium units. Completed in 1945, the structure features a garden view that enhances the living experience. Unit sizes range from 426 to 528 square feet. Each unit has 1 bedroom, making them ideal for singles or couples. Prices for the units range from $285,000 to $320,000, with an average sold price of about $235,000. The average price per square foot is $552. Units have spent around 397 days on the market recently, reflecting a variety of buyer interest. This suggests that the pricing may prompt offers as market conditions shift. Amenities include on-site laundry facilities for added convenience. Hurricane windows and stainless steel appliances throughout enhance the livability of the residences. Some units may have open-concept layouts, corner placements, and laminate floors, appealing to different style preferences. Living here provides easy access to local eateries like El Palacio De Los Jugos and Editor Pizza. Additionally, the neighborhood houses the Miami Beach Hispanic Community public school. This location balances residential comfort with city vibrancy, making it attractive for those seeking a community feel close to the beach.

551 Michigan Ave Market Stats Last 12 months

Avg. Listed Price-

Avg. Sale Price$235,000($552/Sqft.)
Year over year list price0.00%

Year over year sale priceDown Arrow 11.32%
Total Listings0 Listed

Total sold1 Sold
Average Days on Market397 days

Average HOA fees per sqft$1 /monthly
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Market Stats

Year over year list price0.00%

Year over year sale priceDown Arrow11.32%
Total Listings0 Listed

Total sold1 Sold
Average Days on Market397 days

Average HOA fees per sqft$1 /monthly

Glen Gardens Estate Availability & Demand

Unit Availability

Low
High availability buildings list units frequently.

Unit Availability helps to understand how often units in a particular building are listed for sale as compared with the neighborhood average. Units are rarely listed in buildings with low availability.

Unit Demand

Low
Units in high-demand buildings sell quicker.

Unit Demand is a measure of quickly units in a particular building sell as compared with other buildings in the neighborhood. Units in high-demand buildings sell more quickly.

For Sale 0 For Sale

551 Michigan Ave Inventory & Sale History

UnitSize (sqft)BedsBathsDays On MarketDateStatusPrice
Unit 111 W/ Parking111 W/ Parking52111812023-06-20
MLS#: A11362988
Closed$320,000
Unit 12312350411912023-02-28
MLS#: A11307190
Closed$285,000
Unit 121121528114742015-05-05
MLS#: A1893867
Closed$282,500
Unit 111 W/ Parking
111 W/ Parking

1 Beds

1 Baths

521 sqft


DateStatusPrice
2023-06-20Closed$320,000
MLS#: A11362988
Days On Market81
Unit 121
121

1 Beds

1 Baths

528 sqft


DateStatusPrice
2015-05-05Closed$282,500
MLS#: A1893867
Days On Market474
Unit 123
123

1 Beds

1 Baths

504 sqft


DateStatusPrice
2023-02-28Closed$285,000
MLS#: A11307190
Days On Market91
View Complete Unit Listing HistorySource By: MIAMI REALTORS

Amenities

When it comes to amenities, 551/557 Michigan Condo keeps it simple yet essential. The building provides laundry facilities, which is a huge plus for those chaotic days when you just need fresh linens and clean clothes. Plus, the community setting enhances the convenience of daily living, as everything you need is close to home. Imagine the joyful moments of meeting your neighbors while doing laundry!

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Amenities Description

When it comes to amenities, 551/557 Michigan Condo keeps it simple yet essential. The building provides laundry facilities, which is a huge plus for those chaotic days when you just need fresh linens and clean clothes. Plus, the community setting enhances the convenience of daily living, as everything you need is close to home. Imagine the joyful moments of meeting your neighbors while doing laundry!

Parking
Parking
Locker
Locker
Concierge
Concierge
Elevator(s)
Elevator(s)
Central AC
Central AC
Pool
Pool
Fitness Center
Fitness Center
-
Visitors Parking
Visitors Parking
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Amenities

Bike Storage

Bike Storage

Fire Alarm

Fire Alarm

Laundry

Laundry

Balcony

Balcony

Smoke Detector(s)

Smoke Detector(s)

Policies

Like any smart homeowners association, the building has some restrictions in place, welcoming you to a peaceful living atmosphere without the chaos. While these policies maintain order, they also foster a sense of community where you can feel safe and secure. It’s always good to be aware of the rules to harmonize your life with your neighbors right from the start.

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Amenities Description

Like any smart homeowners association, the building has some restrictions in place, welcoming you to a peaceful living atmosphere without the chaos. While these policies maintain order, they also foster a sense of community where you can feel safe and secure. It’s always good to be aware of the rules to harmonize your life with your neighbors right from the start.

Pet Allowed
Pet Allowed
BBQ Permitted
BBQ Permitted
Sublet Allowed
Sublet Allowed
Short-term Rental Allowed
Short-term Rental Allowed

Compare with Buildings in the Neighbourhood (Last 12 Months)

Compare building's average price/sq. ft. and HOA fees/sq. ft. to buildings nearby

Building NameAvg price per square footAVG HOA FEE per square foot (Monthly)
551 Michigan Ave$552/sqft.$1 /sqft.
645 Michigan Ave$1,002/sqft.$2 /sqft.
642 Michigan Ave$464/sqft.$1 /sqft.
631 Jefferson Ave$363/sqft.$1 /sqft.
528 Meridian Ave$565/sqft.$2 /sqft.
1001 7th St$389/sqft.$1 /sqft.

Nearby Schools

Discover top-rated schools located close to 551 Michigan Ave.

South Pointe Elementary School

B
Public|Grades PK–5
1050 4th St|0.2 miles away

Fienberg/Fisher K-8 Center

C+
Public|Grades PK–5
1420 Washington Av...|0.9 miles away

Fisher Island Day School

--
Private|Grades PK–8
2 Fisher Island Dr|1.14 miles away

Miami Beach Senior High School

C+
Public|Grades 9–12
2231 Prairie Ave|1.9 miles away

Rasg Hebrew Academy

--
Private|Grades PK–12
2400 Pine Tree Dr|2.16 miles away
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Schools

South Pointe Elementary School

B
Public|Grades PK–5
1050 4th St|Less than 1 Mile Away

Fienberg/Fisher K-8 Center

C+
Public|Grades PK–5
1420 Washington Av...|Less than 1 Mile Away

Fisher Island Day School

--
Private|Grades PK–8
2 Fisher Island Dr|1.14 Miles Away

Miami Beach Senior High School

C+
Public|Grades 9–12
2231 Prairie Ave|1.90 Miles Away

Rasg Hebrew Academy

--
Private|Grades PK–12
2400 Pine Tree Dr|2.16 Miles Away

Transit

Experience convenience and connectivity with premium transit options just moments away.

5 ST & MICHIGAN AV

0.08 miles away|2 min walk

5 ST & MERIDIAN AV

0.13 miles away|3 min walk

5 ST & LENOX AV

0.15 miles away|3 min walk

ALTON RD & 5 ST

0.18 miles away|4 min walk

ALTON RD & 4 ST

0.22 miles away|5 min walk

ALTON RD & 8 ST

0.29 miles away|6 min walk
Next

Transit

5 ST & MICHIGAN AV

0.08 miles away|2 min walk

5 ST & MERIDIAN AV

0.13 miles away|3 min walk

5 ST & LENOX AV

0.15 miles away|3 min walk

ALTON RD & 5 ST

0.18 miles away|4 min walk

ALTON RD & 4 ST

0.22 miles away|5 min walk

ALTON RD & 8 ST

0.29 miles away|6 min walk

ALTON RD & 2 ST

0.35 miles away|7 min walk

ALTON RD & 9 ST

0.38 miles away|8 min walk

ALTON RD & 10 ST

0.45 miles away|9 min walk

ALTON RD & 11 ST

0.53 miles away|11 min walk

SOUTH POINTE DR & WASHINGTON AV

0.58 miles away|12 min walk

ALTON RD & 13 ST

0.66 miles away|13 min walk

ALTON RD & 14 ST

0.78 miles away|16 min walk

MAC ARTHUR CY & TERMINAL ISLE

0.81 miles away|16 min walk

ALTON RD & 15 ST

0.95 miles away|19 min walk

MAC ARTHUR CY & BRIDGE RD

1.02 miles away|20 min walk

ALTON RD & LINCOLN RD

1.07 miles away|21 min walk

LINCOLN RD & WASHINGTON AV

1.26 miles away|25 min walk

Lincoln Rd @ James Ave

1.26 miles away|25 min walk

17 ST & JEFFERSON AV

1.27 miles away|25 min walk

ALTON RD & 17 ST

1.27 miles away|25 min walk

17 ST & LENOX AV

1.28 miles away|25 min walk

17 ST & MERIDIAN AV

1.29 miles away|25 min walk

17 ST & ALTON CT

1.29 miles away|25 min walk

17 ST & PENNSYLVANIA AV

1.3 miles away|25 min walk

17 ST & CONVENTION CENTER DR

1.31 miles away|26 min walk

PURDY AV @ DADE BLVD

1.33 miles away|26 min walk

17 ST & WASHINGTON AV

1.33 miles away|26 min walk

ALTON RD & DADE BD

1.36 miles away|27 min walk

VENETIAN WAY & E ISLAND AV

1.39 miles away|27 min walk

COLLINS AV & 17 ST

1.4 miles away|27 min walk

VENETIAN WY & E ISLAND AV

1.4 miles away|27 min walk

ALTON RD & 19 ST

1.48 miles away|29 min walk

COLLINS AV & 18 ST

1.52 miles away|30 min walk

20 ST & BAY RD

1.58 miles away|31 min walk

ALTON RD & N MICHIGAN AV

1.63 miles away|32 min walk

COLLINS AV & 20 ST

1.65 miles away|32 min walk

VENETIAN WY & E RIVO ALTO DR

1.66 miles away|32 min walk

COLLINS AV & 21 ST

1.74 miles away|34 min walk

COLLINS AV & 22 ST

1.81 miles away|35 min walk

ALTON RD & 21 ST

1.81 miles away|35 min walk

PARK AV @ 22 ST

1.83 miles away|36 min walk

MAC ARTHUR CY & OP FOUNTAIN ST

1.83 miles away|36 min walk

MAC ARTHUR CY & FOUNTAIN ST

1.84 miles away|36 min walk

VENETIAN WY & E DILIDO DR

1.86 miles away|36 min walk

Dade Blvd @ 23 St

1.87 miles away|36 min walk

COLLINS AV & 23 ST

1.95 miles away|38 min walk

ALTON RD & 23 ST

1.97 miles away|38 min walk

COLLINS AV & 24 ST

2.05 miles away|40 min walk

ALTON RD & 27 ST

2.2 miles away|43 min walk

The Neighbourhood: 551 Michigan Ave

South Beach, located in Miami-Dade County, FL, is a vibrant neighborhood famous for its stunning beaches, Art Deco architecture, and dynamic nightlife. Visitors and residents alike enjoy a plethora of dining and shopping options, ranging from high-end boutiques to local eateries. Cultural enthusiasts explore its renowned art galleries and museums, while outdoor lovers relish in water sports and sunbathing. The area boasts convenient transportation links, with easy access to public transit and major highways, making it an ideal locale for those seeking excitement and relaxation in equal measure.

Next

Neighbourhood Description

South Beach, located in Miami-Dade County, FL, is a vibrant neighborhood famous for its stunning beaches, Art Deco architecture, and dynamic nightlife. Visitors and residents alike enjoy a plethora of dining and shopping options, ranging from high-end boutiques to local eateries. Cultural enthusiasts explore its renowned art galleries and museums, while outdoor lovers relish in water sports and sunbathing. The area boasts convenient transportation links, with easy access to public transit and major highways, making it an ideal locale for those seeking excitement and relaxation in equal measure.

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551 Michigan Ave Demographics

Age Demographics

0–14 Years

10.17%

15–29 Years

19.56%

30–44 Years

34.46%

45–59 Years

19.16%

60+ Years

16.65%

Commute

7.41%

Transit

14.55%

Walk

44.42%

Drive

11.5%

Bike

Housing Ownership

22.87%

Owner Occupied

77.13%

Rental Units

Household Types

Single Family
13%
Multi Family
1.02%
Single Person
57.62%
Multi Person
42.38%

Average Income

Household:$5,910,198.34 /yr

Individual:$5,784,646.97 /yr

Education

Bachelors Degree29.42%
High School College16.02%
Diploma9.57%
Post Graduate20.62%
Others24.37%
Next

Education

Diploma9.57%
Post Graduate20.62%
Others24.37%
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    551 Michigan Ave
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North Bay VIllage, FL, 33141

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