$225,000

1610 Michigan Ave #5, Miami Beach, FL 33139

Bedrooms
1
Baths
1
Living area
610 ft²
Price per ft²
$369 / ft²
Type
Condo
Year built
1940
HOA
$720 / mo HOA
On market
9 days on market
MLS #
A12082974

Just half a block from Lincoln Road, this 1-bedroom, 1-bath, 610 SF residence at Lincoln Road Villas puts you in the heart of the South Beach and Miami Beach lifestyle, where coffee, dining, shopping, fitness, culture and everyday errands can all become part of your daily routine. Located on the first floor, this residence offers an opportunity to own a piece of South Beach at an approachable price point. Step outside and you’re moments from Lincoln Road, with its restaurants, cafés, shops, galleries and entertainment. Flamingo Park, with its pool, tennis, pickleball, track and recreational facilities, is also nearby, while the beach, Española Way and the many attractions of South Beach are within easy reach. Inside, wood floors add warmth throughout, while the well-proportioned layout offers a comfortable living area and a generously sized bedroom. Whether you’re looking for a Miami Beach home base or an investment property, this location offers convenience and easy access to dining, shopping, recreation and entertainment. Currently tenant occupied on a month-to-month basis, paying $1,950/month.

The MiamiLi Read

The lines below are derived automatically from this listing’s own data and the area’s recorded deed transfers. They are not a personal opinion or investment advice.

  • Price per square footThe asking price per ft² on this listing is $369. The median for recorded sales in the same ZIP codes is $607/ft² — putting it 39% below the median.
  • Position in the area’s price distributionThe asking price is $225,000; the median of recorded sales in the area is $585,000 (2,214 sales). On raw price that is 62% below the median — this line does NOT adjust for property type or size.
  • HOA fee as a share of priceAn HOA fee of $720 per month comes to $8,640 a year — 3.8% of the asking price. That amount is deducted from rental yield.

How to read this comparison: the figure on the left is an asking price, while the one on the right is a closed sale median — the two are not the same thing, and the room to negotiate sits inside that gap. The median covers every property type and size in those ZIP codes; it carries no adjustment for a single listing’s floor, view, age or finishes. This box is not an appraisal.

Scope: ZIP codes 33139, 33140, 33141 · arm’s-length sales recorded by the Miami-Dade County Property Appraiser.

Monthly mortgage payment

Estimated monthly loan payment based on this listing's price. Adjust the down payment, rate and term to match your own terms.

30%$67,500
Term

6.95% — Freddie Mac PMMS (FRED) current mortgage rates, 30-year fixed, conforming. Priced September 17, 2026.

Estimated monthly payment$1,043
Loan amount
$157,500
Total interest over the term
$217,824
Total repaid
$375,324

Principal and interest only; property tax, insurance and HOA dues are NOT included. This is not a binding offer.

Keller Williams Realty Miami Beach

Listing data provided by the Southeast Florida MLS (MIAMI REALTORS®) IDX feed. Copyright Southeast Florida Multiple Listing Service © 2026. Accuracy of listing information is not guaranteed. Listing information is provided for personal consumer, non-commercial use, solely to identify potential properties for potential purchase. All other use is strictly prohibited.

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