945 Michigan Ave #5
Overview
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
- MLS#A12029487
- Home TypeCondominium
- Year Built2007
- Interior976 SqFt
- Price / sqft$614
- Listed2026-06-02
- Days on Market0
- BuildingTHE TERRACE CONDO
- SubdivisionTHE TERRACE CONDO
- CountyMiami-Dade County
- Garage1 spaces
- Annual Taxes$6,685 (2025)
- HOA$1,456/Monthly
Features & Amenities
- Interior FeaturesElevator
- Exterior FeaturesNone, Open Balcony
- AppliancesDishwasher, Disposal, Dryer, Electric Range, Electric Water Heater, Microwave, Refrigerator, Washer
- FlooringTile, Wood
- CoolingElectric
- HeatingElectric
- ConstructionCBS Construction
- SecuritySmoke Detector, Phone Entry, Secured Garage/Parking
- Parking1 Space, Additional Spaces Available, Parking-Under Building
- Patio/PorchOpen Balcony
- ViewGarden View
Schools
- Middle SchoolNautilus
- High SchoolMiami Beach
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Map & Neighborhood
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