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Map
$7,251,343*
●
Multifamily -
Off Market
560 Michigan Ave
Miami Beach, FL 33139
Studio
0 Bath
2516 Sqft
$6,210,000 - $7,590,000
Reference Base Price*
5.09%
Since May 1, 2023
FL-Miami
Primary Model
About This Property
This money-making property comprises two elegantly renovated
buildings offering a mix of furnished one and two-bedroom
apartments, licensed for short term rentals. The nine units are all
fully appointed with modern, fully equipped kitchens and bathrooms.
MIAMI BEACH 560 is strategically located on a double corner lot,
off the 5th Street gateway to Miami Beach.The gated, lushly
landscaped property includes 9 private parking spaces, onsite
office as well as a laundry room, which is available for the
guests. With CPS2 commercial zoning – FAR 2.0, the property can be
further developed up to 20,000 SF in the heart of South Beach, easy
walking distance to the beach, shops and restaurants.
The manager has listed the unit size as 2516 square feet.
The manager has listed the unit size as 2516 square feet.
Unit Size
2,516Ft²
Days on Market
-
Land Size
-
Price per sqft
$2,742
Property Type
Multifamily
Property Taxes
$2,481
HOA Dues
-
Year Built
1937
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 16, 2023 | No longer available | - | |
| No longer available | |||
| Oct 6, 2022 | Listed | $6,900,000 | |
| Listed | |||
Property Highlights
Air Conditioning
Exterior Details
Exterior Information
Block
560 Michigan Ave
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Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
In Contract
Condo
3
Beds
4
Baths
2,615 ft²
$2,639/ft²
$6,900,000
Aug 26, 2022
-
$4,707/mo
In Contract
Condo
3
Beds
4
Baths
2,615 ft²
$2,600/ft²
$6,800,000
Apr 1, 2022
-
$4,707/mo
In Contract
Condo
4
Beds
4.5
Baths
2,393 ft²
$2,695/ft²
$6,450,000
Apr 30, 2021
-
$3,515/mo
Townhouse
3
Beds
4.5
Baths
2,786 ft²
$2,082/ft²
$5,800,000
Oct 12, 2021
-
$10,848/mo
Townhouse
3
Beds
3.5
Baths
2,786 ft²
$2,224/ft²
$6,195,000
Jan 28, 2023
-
$10,847/mo
Condo
4
Beds
4.5
Baths
2,088 ft²
$3,592/ft²
$7,500,000
Jul 13, 2022
-
$9,466/mo
Active
Condo
3
Beds
3.5
Baths
3,389 ft²
$2,272/ft²
$7,700,000
Nov 16, 2022
-
$18,571/mo
Active
Condo
4
Beds
4.5
Baths
3,979 ft²
$1,508/ft²
$6,000,000
Aug 12, 2022
-
$8,831/mo
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
|---|---|---|---|---|---|---|---|---|
|
05/25/2022
|
|
Studio
|
-
|
5281 ft²
|
$7,800,000
Studio
-
5281 ft²
|
-
-
|
-
|
Roberto Pecchi
Trump International Realty
|
|
10/18/2017
|
|
Studio
|
-
|
2516 ft²
|
-
Studio
-
2516 ft²
|
-
-
|
-
|
-
|
Building Info
About Flamingo - Lummus
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