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Current MLS Property Details

945 Michigan Avenue 5, Miami Beach, FL 33139

Miami Beach, FL, 33139
945 Michigan Avenue 5, Miami Beach, FL 33139
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MLS # A12029487
At a Glance

Property Snapshot

The MLS currently describes this as a 2 bedrooms, 2 bathrooms, 976 square feet, built in 2,007.

What Stands Out

1 garage spaces
Association fee reported in MLS

About This Property

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 Details

Property Type Condominium
Subdivision THE TERRACE CONDO
Development THE TERRACE CONDO
County Miami-Dade
Waterfront No
Association Fee $1,456 Monthly
Original List Price $599,000
MLS ID A12029487
Updated Sep 1, 2026
Quick Payment Estimate

What might this home cost each month?

Starting rate: 6.66% 30 year fixed national average · updated Aug. 27, 2026
$
%
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$ /mo
Estimated principal & interest $0/mo
P&I + HOA / condo $0/mo
Taxes, insurance, flood coverage and PMI are not included here. HOA / condo fee prefilled from MLS Rate is editable and is not a lender quote.
Listing Office: VantaSure Realty LLC • 954-461-5734
Listing Agent: Mxim Madcedi • 954-200-4045
MLS ID: A12029487
Property information is displayed from the site's BeachesMLS IDX data feed. Information is subject to change and should be independently verified.
Property Location

Where is this property?

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