560 Michigan Ave, Miami Beach, FL 33139
As of , this home is for sale at $5,600,000. It was listed on .
MLS data updated .
Key facts
- Type
- Home
- Year built
- 1937
- Property tax
- $61,192 (2025)
- Waterfront
- No
- Cooling
- Central Air
- Heating
- Central, Separate Meters
- MLS number
- A12094992
Listing information
Listing courtesy of The Corcoran Group, 305-395-4982, Mercedes.Saewitz@corcoran.com
Listing agent: Frank Euler, Frank.euler@corcoran.com
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Listing last changed .
From the listing
This income producing property includes two renovated buildings in Miami Beach with furnished one & two bedroom apartments, licensed for short term rentals and currently leased on an NNN basis to an operating company. A future owner can choose to keep the operating company in place, enjoying steady income not subject to occupancy fluctuations, or instead operate under own management. The remodeled 9 units offer fully equipped kitchens & bathrooms as well as central AC. The property consists of two separate folios and is located on a double corner lot at 6th Street and Michigan Avenue in the heart of South Beach, close to the 5th Street Mall and the new Five Park residential tower & City park. Ocean Drive, the beach as well as the exclusive South of Fifth neighborhood are just blocks away, making this an extremely attractive location for visitors and short term tenants. Zoning is CPS2 commercial - residential mix used - FAR 2,which allows further development up to 20,000 Sq/Ft. Please ask us for proposed design renderings.
The text above is the listing description from the MLS, as written by the listing agent.
The Miami Beach market
As of , the median asking price in Miami Beach is $649,000, or $682 per sq ft, across 1,949 listings for sale. The median listing for sale there has been on the market for 113 days.
Price and status history
- Listing date
- Days on market
- 27
- Original list price
- $5,600,000
- Price changes
- 0
| Date | Event | Price |
|---|---|---|
| Listed | $5,600,000 |
From the MLS. RealVista does not show sold prices.