2-Bed Condominium at THE TERRACE CONDO in Miami Beach

$599,000

Brickellsold Estimate* (fallback: list price)$599,000 (list price)

Listing courtesy of VantaSure Realty LLC; Mxim Madcedi. Information from the Southeast Florida Multiple Listing Service is deemed reliable but is not guaranteed accurate.

For Sale
bedrooms

2

bathrooms

2

Square Footage

976

Type of Property

Condominium, Residential

Details

Overview

Sub Type
Condominium
Price Per Sqft
$614/sqft
Built In
2007
Association Fee
$1,456/mo HOA
Taxes
$6,685/yr

Description

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.

This condominium home located at 945 Michigan Ave # 5, Miami Beach FL 33139 is currently for sale and has been available on Brickellsold for 81 days. This property is listed at $599K. It has 2 beds, 2 bathrooms, and is 976 square feet. It was built in 2007. 945 Michigan Ave # 5, Miami Beach FL 33139 is in Miami Beach county Miami-Dade County.

Interior

Bedrooms
2
Bathrooms
2
Bathrooms Full
2
Features
  • Flooring: Tile, Wood
  • Common walls with other units/homes:
Heating
Electric
Cooling
Electric
Appliances
Dishwasher, Disposal, Dryer, Electric Range, Electric Water Heater, Microwave, Refrigerator, Washer
Total structure area
976
Total interior livable area
976 sqft

Property

Parking
  • Covered Spaces: 1
  • Parking Features: 1 Space,Additional Spaces Available,Parking-Under Building
  • Garage Spaces: 1
Parcel Number
02-42-03-336-0050
Features
  • Entry location: Elevator
  • Exterior Features: None, Open Balcony
  • Has View: Yes
  • View Description: Garden View

Construction

Property subtype
Condominium, Residential
Materials
CBS Construction
Condition
  • Year Built: 2007

Community & HOA

Community
  • Security Features: Smoke Detector, Phone Entry, Secured Garage/Parking
  • Subdivision: THE TERRACE CONDO
HOA
  • Has HOA: Yes
  • Amenities: Elevator(s)
  • HOA Fees: $1,456/mo
Region
Miami Beach

Financial

Price Per Sqft
$614/sqft
Taxes
$6,685/yr
Association Fee
$1,456/mo
On Market Date
6/1/2026
Listing Terms
All Cash, Conventional, Cryptocurrency

Metadata

Added
6/5/2026
Updated
9/1/2026
MLS#
A12029487
Days on Market
81
Listed By
VantaSure Realty LLC
Originating MLS
A-Miami Association of REALTORS

Neighborhood Insights

School and crime data are from public sources and are informational only.

Nearby Schools

Within 5 miles

  • Miami Beach South Pointe Elementary 0.0 mi • K-12
  • Miami Beach Adult & Community Education Center 0.0 mi • K-12
  • Miami Beach Fienberg/Fisher K-8 Center 0.0 mi • K-12
  • Miami Beach Senior High 0.0 mi • K-12
  • North Beach Elementary 0.0 mi • K-12
  • Miami Beach Nautilus Middle 0.0 mi • K-12

Nearby Hospitals

Within 3 miles

No nearby hospitals found.

Crime Overview

Crime data unavailable for this area.

Map

Price History

EventPriceDate
Original list price$599,000Jun 5, 2026

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