Home›945 Michigan Avenue 5, Miami Beach, FL 33139

Residential in Miami Beach

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.

Property Highlights

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  • Garden

Cooling

  • Electric

Heating

  • Electric

Electric

  • Circuit Breakers

Flooring

  • Tile
  • Wood

Amenities

  • Elevator(s)

Appliances

  • Dishwasher
  • Disposal
  • Dryer
  • Electric Range
  • Microwave
  • Refrigerator
  • Washer
  • Electric Water Heater

Possession

  • Close Of Escrow

Listing Terms

  • Cash
  • Conventional
  • Cryptocurrency

Balcony Details

  • Balcony - Open

ParkingFeatures

  • Attached
  • Attached Garage
  • Garage
  • Garage Door Opener
  • Under Building

Pets Allowed YN

  • Yes

Tax Information

  • CityCounty

Window Features

  • Sliding

Association Type

  • Condominium

ExteriorFeatures

  • Balcony

InteriorFeatures

  • Elevator

Parking Features

  • Garage Door Opener
  • Under Building
  • Attached
  • Attached Garage
  • Garage

SecurityFeatures

  • Entry - Phone/Intercom
  • Secured Garage/Parking
  • Smoke Detector(s)

Interior Features

  • Elevator

Security Features

  • Entry - PhoneIntercom
  • Secured GarageParking
  • Smoke Detector(s)

Master BedroomBath

  • Other

Property Condition

  • Resale

AssociationAmenities

  • Elevator(s)

Showing Requirements

  • Appointment Only
  • Call Listing Agent

Water Heater Details

  • Electric Water Heater

Outdoor Living Spaces

  • Balcony

Construction Materials

  • CBS

Application Information

  • 1-2 Weeks Approval
  • Association Approval Required
  • Rapid Approval

Association Fee Includes

  • Elevator
  • Insurance
  • Maintenance Grounds
  • Maintenance Structure
  • Reserve Funds
  • Roof Repairs
  • Sewer
  • Trash
  • Water

Leasing Permitted Details

  • Okay To Lease

Property Details

Property TypeResidential
StyleCondominium
Year Built2007
CountyMiami-Dade
SubdivisionTHE TERRACE CONDO
Living Area976 sq ft
Bedrooms2
Baths2
Half Baths0
Unit Number5
HOA Fee$1,456 / Monthly
HOA IncludesElevator, Insurance, Maintenance Grounds, Maintenance Structure, Reserve Funds, Roof Repairs, Sewer, Trash, Water
Annual Tax$6,685 (2025)
Special AssessmentYes
Pets AllowedYes
Listing OfficeVantaSure Realty LLC
Listing AgentMxim Madcedi
Office Phone954-461-5734

945 Michigan Avenue 5, Miami Beach, FL 33139, Miami Beach, FL 33139