$233,000 - $279,721
RENTED MAR 25, 2025

557 Michigan Ave Unit 111 Miami Beach, FL 33139

Flamingo Neighborhood
1 Bed
1 Bath
521 Sq Ft
1945 Built

Highlights

  • Wood Flooring
  • Furnished
  • High Impact Windows
  • South Pointe Elementary School Rated A-
  • No HOA
  • Closet Cabinetry

About This Home

As of March 2025

Beautiful unit located on renovated building in the Art Deco District, in the heart of South Beach!
1 bedroom/1 bathroom in a gated community. Very quiet neighborhood, walking distance to the beach,
Lincoln rd, South Point, Whole Foods, shops, parks, It's located on 5th & Michigan Ave.
This unit includes laminated wood floors, stainless steel appliances, nice views and environment, on-site laundry!
Your client will love!!! Easy to show.

Last Agent to Rent the Property

Johana Leon

Realty One Group Evolution License #3591181 Listed on: 02/21/2025

Realty One Group Evolution

Last Renter's Agent

Johana Leon

Realty One Group Evolution License #3591181 Listed on: 02/21/2025

Realty One Group Evolution

Condo Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,523

Year Built

  • Built in 1945

Parking

  • 1 Car Garage
  • Assigned Parking

Home Design

  • Entry on the 111th floor

Interior Spaces

  • 521 Sq Ft Home
  • 2-Story Property
  • Furnished
  • Blinds
  • Sliding Windows
  • Entrance Foyer
  • Combination Dining and Living Room
  • Wood Flooring
  • Dishwasher

Bedrooms and Bathrooms

  • 1 Bedroom
  • Closet Cabinetry
  • 1 Full Bathroom

Home Security

Listing and Financial Details

  • Property Available on 2/24/25
  • 1 Year With Renewal Option,Short Term Lease,Month To Month Lease Term
  • Assessor Parcel Number 02-42-03-364-0010

Community Details

Overview

  • No Home Owners Association
  • 551/557 Michigan Condo
  • 551/557 Michigan Condo Subdivision
  • Maintained Community

Amenities

  • Laundry Facilities

Pet Policy

  • No Pets Allowed

Security

  • Card or Code Access
  • High Impact Windows
  • Fire and Smoke Detector

Condo Details

Home Type

Condominium

Est. Annual Taxes

$4,523

Year Built

Built in 1945

Lot Details

0

Parking

1

Rental Info

  • Pets Allowed: No
  • Available Date: 2025-02-24
  • Lease Term: 1 Year With Renewal Option,Short Term Lease,Month To Month

Listing Details

  • Property Type: Residential Lease
  • Year Built: 1945
  • Property Sub Type: Condominium
  • Directions: Is also available for rent short time at $2900 monthly, includes utilities.
  • Entry Level: 111
  • Garage Yn: Yes
  • Horses: No
  • Lease Assignable: No
  • New Construction: No
  • Building Stories: 2
  • Structure Type: Condo/Co-Op/Annual, Condo
  • Subdivision Name: 551/557 MICHIGAN CONDO
  • MIAMIRE_PoolYN: No
  • MIAMIRE_PetsAllowedYN: No
  • ResoPropertyType: ResidentialLease
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Appliances: Dishwasher, Other Equipment/Appliances, Refrigerator
  • Interior Amenities: Closet Cabinetry, Entrance Foyer
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Entry Location: Foyer
  • Flooring: Wood
  • Furnished: Furnished
  • Living Area: 521
  • Stories: 2
  • Window Features: Clear Impact Glass, Blinds, High Impact Windows, Sliding
  • Dining Room Features: Dining/Living Room

Exterior Features

  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Park Building Name: 551/557 MICHIGAN CONDO
  • Covered Parking Spaces: 1
  • Garage Spaces: 1
  • Parking Features: 1 Space, Assigned

Utilities

  • Sewer: Sewer
  • Water Source: Municipal Water
  • Security: Fire Alarm, Smoke Detector, Key Card Entry

Condo/Co-op/Association

  • Amenities: Laundry Facility
  • Association: No
  • Community Features: Laundry Facilities, Maintained Community

Lot Info

  • Parcel Number: 02-42-03-364-0010
  • Land Lease: No
  • Land Lease Amount Frequency: Annually
  • Zoning: 0000
  • ResoLotSizeUnits: SquareFeet

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 19, 2023
Sold by
Michigan 551 Property Llc
Bought by
Sorrentino Luciano and Delarce Felicitas Del
Current Estimated Value
$257,180

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Outstanding Balance
$236,294
Interest Rate
9.47%
Mortgage Type
Credit Line Revolving
Estimated Equity
$20,886

Purchase Details

Closed on
May 18, 2015
Sold by
Civati Nadia
Bought by
Michigan 551 Property Llc
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Sorrentino Luciano $320,000 Haus Of Title Llc
Michigan 551 Property Llc $310,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sorrentino Luciano $240,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/25/2025 03/25/25 Rented $2,100 -4.5% --
02/21/2025 02/21/25 For Rent $2,200 +15.8% --
05/09/2024 05/09/24 Rented $1,900 -33.3% --
02/29/2024 02/29/24 For Rent $2,850 -- --
Source: MIAMI REALTORS® MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $4,523 $192,564 -- --
2024 $3,546 $240,705 -- --
2023 $3,546 $184,921 $0 $0
2022 $3,259 $168,110 $0 $0
2021 $2,951 $152,828 $0 $0
2020 $2,778 $143,500 $0 $0
2019 $3,973 $205,000 $0 $0
2018 $4,062 $216,000 $0 $0
2017 $4,113 $216,000 $0 $0
2016 $3,885 $200,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Landlord's Agent in 2025

    Johana Leon

    Realty One Group Evolution

    (305) 833-5744

    2 Total Sales

    Johana Leon
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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11750096

MIAMI REALTORS® MLS

APN: 02-4203-364-0010

Florida Miami/Dade County Miami Beach 33139 Flamingo

557 Michigan Ave Unit 111, Miami Beach, FL

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MIAMI REALTORS® MLS 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.

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