$665,000

227 Michigan Ave #405, Miami Beach, FL 33139

Bedrooms
2
Baths
2
Living area
940 ft²
Price per ft²
$707 / ft²
Type
Condo
Year built
2000
HOA
$1,211 / mo HOA
On market
3 days on market
MLS #
A12093328

Exceptional value in South of Fifth. Tucked on a quiet, tree-lined street in one of Miami Beach’s most coveted neighborhoods, this corner 2-bedroom, 2-bath residence offers a desirable South Beach lifestyle in a premier walkable setting. Hardwood floors and multiple impact-glass sliding doors bring natural light into the living areas and create an easy indoor-outdoor connection. The oversized private terrace extends the living space, offering room for outdoor dining, relaxing, and enjoying sunset skies. The residence includes an in-unit washer/dryer, a newer A/C system, and two assigned covered parking spaces, a rare convenience in South of Fifth, plus access to the building’s pool. Conveniently located near Miami Beach South Pointe Elementary School and just moments from the beach, South Pointe Park, the marina, and acclaimed dining, this is an opportunity to own in one of Miami Beach’s most sought-after walkable neighborhoods.

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 $707. The median for recorded sales in the same ZIP codes is $607/ft² — putting it 16% above the median.
  • Position in the area’s price distributionThe asking price is $665,000; the median of recorded sales in the area is $585,000 (2,214 sales). On raw price that is 14% above the median — this line does NOT adjust for property type or size.
  • HOA fee as a share of priceAn HOA fee of $1,211 per month comes to $14,532 a year — 2.2% 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%$199,500
Term

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

Estimated monthly payment$3,081
Loan amount
$465,500
Total interest over the term
$643,792
Total repaid
$1,109,292

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

Venture Realty LLC

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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