NOT LISTED FOR SALE

557 Michigan Ave Unit 212 Miami Beach, FL 33139

Flamingo Neighborhood

Estimated Value: $241,000 - $297,000

1 Bed
1 Bath
521 Sq Ft
1945 Built

Last Sold February 18, 2020

Last sale price $190,000 $365 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $1,722/month

Highlights

  • No HOA
  • Complete Impact Glass
  • Central Heating and Cooling System
  • South Pointe Elementary School Rated A-
  • Tile Flooring
  • Combination Dining and Living Room

About This Home

As of May 2024

Modern 1 bedroom/1 bathroom corner unit in newly renovated building. Tile floors throughout, modern cabinetry and quartz counter, FRESHLY PAINTED AND CLEANED! Located in the heart of South Beach just minutes from Lincoln Road, restaurants, shops, parks and more. This unit includes nice modern tile flooring, stainless steel appliances, and hurricane impact windows. Washer/dryer on premises.

Last Agent to Rent the Property

Ekaterina Lavrova

South Florida Investments License #3356538 Listed on: 03/30/2024

Last Renter's Agent

Agnieszka Barcik

The RE Society License #3459041

Condo Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,171

Year Built

  • Built in 1945

Interior Spaces

  • 521 Sq Ft Home
  • Combination Dining and Living Room
  • Tile Flooring

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Home Security

Parking

  • On-Street Parking
  • Open Parking

Schools

  • South Pointe Elementary School
  • Nautilus Middle School
  • Miami Beach High School

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Property Available on 4/1/24
  • 1 Year With Renewal Option Lease Term
  • Assessor Parcel Number 02-42-03-364-0040

Community Details

Overview

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

Pet Policy

  • No Pets Allowed

Security

  • Complete Impact Glass

Condo Details

Home Type

Condominium

Est. Annual Taxes

$4,171

Year Built

Built in 1945

Lot Details

0

Rental Info

  • Pets Allowed: No
  • Available Date: 2024-04-01
  • Lease Term: 1 Year With Renewal Option

Listing Details

  • Property Type: Residential Lease
  • Year Built: 1945
  • Property Sub Type: Condominium
  • Garage Yn: No
  • Horses: No
  • Lease Assignable: No
  • New Construction: No
  • Structure Type: Single Family-Annual, Condo
  • Subdivision Name: 551/557 MICHIGAN CONDO
  • MIAMIRE_PoolYN: No
  • MIAMIRE_PetsAllowedYN: No
  • ResoPropertyType: ResidentialLease
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Microwave, Electric Range, Refrigerator
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Flooring: Tile
  • Furnished: Unfurnished
  • Living Area: 521
  • Window Features: Complete Impact Glass
  • Dining Room Features: Dining/Living Room

Exterior Features

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

Garage/Parking

  • Park Building Name: 551/557 MICHIGAN CONDO
  • Open Parking: Yes
  • Parking Features: On Street

Utilities

  • Sewer: Sewer
  • Water Source: Municipal Water
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: South Pointe
  • High School: Miami Beach
  • Middle Or Junior School: Nautilus

Lot Info

  • Parcel Number: 02-42-03-364-0040
  • Land Lease: No
  • Land Lease Amount Frequency: Monthly
  • Zoning: 0000
  • ResoLotSizeUnits: SquareFeet

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 3, 2025
Sold by
Vallejos William P
Bought by
Vallejos William P and Vallejos Eliana Raquel
Current Estimated Value
$261,387

Purchase Details

Closed on
Sep 2, 2022
Sold by
Vallejos William P and Vallejos Naomi I
Bought by
Vallejos William P

Purchase Details

Closed on
Jun 18, 2021
Sold by
Vallejos William P and Vallejos Leyla
Bought by
Vallejos William P and Vallejos Naomi L

Purchase Details

Listed on
Dec 5, 2019
Closed on
Feb 18, 2020
Sold by
Imaz Claude
Bought by
Vallejos William P and Vallejos Leyla
Seller's Agent
Alexander Abella
Compass Florida, LLC
Buyer's Agent
Ekaterina Lavrova
South Florida Investments
List Price
$215,000
Sold Price
$190,000
Premium/Discount to List
-$25,000
-11.63%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.76%
Original Mortgage
$180,500
Interest Rate
3.6%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Vallejos William P -- None Listed On Document
Vallejos William P -- None Listed On Document
Vallejos William P -- None Listed On Document
Vallejos William P -- Accommodation
Vallejos William P $190,000 Sun City Title Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Vallejos William P $180,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/17/2024 05/17/24 Rented $2,100 -4.5% --
03/30/2024 03/30/24 For Rent $2,200 +2.3% --
12/01/2022 12/01/22 Rented $2,150 -10.4% --
10/03/2022 10/03/22 For Rent $2,400 0.0% --
02/18/2020 02/18/20 Sold $190,000 -11.6% $365 / Sq Ft View Prior Sale
12/05/2019 12/05/19 For Sale $215,000 0.0% $413 / Sq Ft
08/20/2018 08/20/18 Rented $1,400 -6.7% --
06/07/2018 06/07/18 For Rent $1,500 +3.4% --
07/05/2017 07/05/17 Under Contract -- -- --
07/01/2017 07/01/17 Rented $1,450 0.0% --
05/31/2017 05/31/17 For Rent $1,450 -14.7% --
09/04/2015 09/04/15 Rented $1,700 -12.8% --
08/05/2015 08/05/15 Under Contract -- -- --
06/10/2015 06/10/15 For Rent $1,950 0.0% --
05/05/2015 05/05/15 Sold $275,000 -3.5% $521 / Sq Ft View Prior Sale
02/27/2014 02/27/14 Pending -- -- --
01/16/2014 01/16/14 For Sale $285,000 -- $540 / Sq Ft
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 $4,171 $192,564 -- --
2024 $3,639 $211,820 -- --
2023 $3,639 $192,564 $0 $0
2022 $2,183 $157,412 $0 $0
2021 $2,161 $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

  • Ekaterina Lavrova

    Landlord's Agent in 2024

    Ekaterina Lavrova

    South Florida Investments

    (786) 263-3520

    25 in this area

    84 Total Sales

    Ekaterina Lavrova
    Section Image

  • A

    Tenant's Agent in 2024

    Agnieszka Barcik

    The RE Society

    (786) 542-3374

    1 in this area

    7 Total Sales

    Agnieszka Barcik
    Section Image
  • Laura Franco Castano

    Buyer's Agent in 2022

    Laura Franco Castano

    Avanti Way Brickell

    (407) 686-2013

    1 in this area

    3 Total Sales

    Laura Franco Castano
    Section Image

  • A

    Seller's Agent in 2020

    Alexander Abella

    Compass Florida, LLC

    (305) 510-9365

    2 in this area

    42 Total Sales

    Alexander Abella
    Section Image

  • A

    Seller's Agent in 2018

    Anthony Soto

    MMLS Assoc.-Inactive Member

  • B

    Seller Co-Listing Agent in 2018

    Bryan Sereny

    Douglas Elliman

    (305) 695-6300

    3 in this area

    127 Total Sales

    Bryan Sereny
    Section Image
See All Agents

Map

Source: MIAMI REALTORS® MLS

MLS Number: A11560068

MIAMI REALTORS® MLS

APN: 02-4203-364-0040

Florida Miami/Dade County Miami Beach 33139 Flamingo

557 Michigan Ave Unit 212, 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.

Nearby Homes