What is the asking price and what does it include?

The list price for 245 Michigan Ave # 4, Miami Beach FL 33160 is $1,145,000. The property is a Condominium with 2 bedrooms, 2 bathrooms, approximately 1488 square feet of living space, on a — lot. List price reflects the home and customarily-attached fixtures; it does not include furniture, art, or detached personal property unless explicitly listed in contract. Final inclusions are determined by the executed purchase contract, not by this page. Contact us if you want a written inclusions/exclusions schedule before drafting an offer.

Where exactly is it, and what is the neighborhood like?

The property sits at 245 Michigan Ave # 4, Miami Beach FL 33160 in Miami Beach, 33160. Coordinates are approximately 25.7720567, -80.1380837. Walkability, transit, distance to beach or bay, and traffic patterns vary block by block and are best evaluated in person; visit at both a weekday rush hour and a weekend afternoon before writing an offer. We do not characterize neighborhoods by demographic composition — Fair Housing Act constraints we take seriously. We will gladly provide objective data on request: distance to nearest grocery, hospital, marina, public school, and major roadway.

What are the property taxes and any homestead implications?

Miami-Dade County real-estate taxes are administered by the Miami-Dade Property Appraiser (current assessment + tax-bill data at https://www.miamidade.gov/pa/property_search.asp). A new buyer's tax bill resets based on the sale price and the buyer's own exemption status; the first full tax bill after purchase is often meaningfully higher than the seller's prior bill. Florida's Homestead Exemption reduces the taxable value for a primary residence — eligibility requirements and filing windows are published at https://www.miamidade.gov/pa/exemptions_homestead.asp. The statewide Florida Department of Revenue property-tax reference is at https://floridarevenue.com/property/.

Is it in a flood zone, and what does that mean for insurance?

Authoritative flood-zone designation for any U.S. address is published by FEMA on the National Flood Hazard Layer at https://msc.fema.gov/portal/home. Coastal South Florida includes properties in multiple flood-risk zones (AE, V, VE, X). Lenders typically require flood insurance in high-risk zones. The FEMA Risk Rating 2.0 methodology (premiums based on elevation, construction type, claims history, distance to water) is documented at https://www.fema.gov/flood-insurance/risk-rating. Florida-specific flood-insurance program data is at https://floridarevenue.com/.

How do you determine the list price?

We analyze recent comparable sales in Miami Beach — similar properties in size, condition, and location that sold within the last three to six months. This Comparative Market Analysis (CMA) helps ensure 1,145,000 reflects current market value. For a personalized CMA on a specific property or to discuss listing strategy, contact us directly.

How long does it typically take to close on this property?

Most Florida real estate transactions close in 30–45 days from accepted offer, assuming timely financing, inspections, and HOA or condominium questionnaire responses. Condominium sales may take longer if SB-4D structural reports or association approvals are needed. We manage the timeline closely to avoid delays. Contact us for a detailed closing checklist tailored to 245 Michigan Ave # 4, Miami Beach FL 33160.

What financing step do you recommend before touring?

Get pre-approved by a licensed lender before making an offer. A pre-approval letter shows sellers you are a serious buyer and can close. In Florida's competitive market, it is often a practical requirement. We work with trusted local lenders who understand Miami-Dade specifics like flood-zone implications and condominium-warrantability requirements. Call us for lender referrals.

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Get Pre-Approved !

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Get Pre-Approved !

Home
Condominium
245 Michigan Ave # 4, Miami Beach FL 33139 | Miami-Dade County | A11961071

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245 Michigan Ave # 4, Miami Beach FL 33139 | Miami-Dade County | A11961071

245 Michigan Ave # 4, Miami Beach FL 33139

Residential Active

$1,145,000

32 More

Type
Condominium

2
Bedrooms

2
Bathrooms

2
Garages

1488 Square Feet
Area Size

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Residential Active

245 Michigan Ave # 4, Miami Beach FL 33139 | Miami-Dade County | A11961071

245 Michigan Ave # 4, Miami Beach FL 33139

$1,145,000

Description

Unique architectural two-story loft penthouse with a private rooftop terrace in the heart of South of Fifth (SoFi).
Defined by soaring 16-foot ceilings and dramatic floor-to-ceiling impact windows, the double-height living space is filled with natural light and showcases western exposures with stunning sunset views toward Biscayne Bay. This two-bedroom, two-bathroom residence offers 1,488 sq ft of interior living space.
A standout feature is the private 332 sq ft rooftop terrace, accessed separately from the main living areas, offering sweeping views of Fisher Island, the Port of Miami, and Miami Beach sunsets—ideal for entertaining or relaxing above it all.
The updated kitchen features Bosch appliances, modern cabinetry, and upgraded finishes, complemented by renovated bathrooms and dual walk-in closets with custom built-ins.
Built in 2004, the residence includes two assigned parking spaces, bike and motorcycle storage, and pet-friendly policies. The boutique building offers a low HOA and has completed major improvements, including a renovated pool, modernized elevators, and upgraded security.
Located moments from South Pointe Park, the marina, beach access, Whole Foods, Pura Vida, cafés, and top dining, this penthouse offers a rare opportunity in one of Miami Beach’s most desirable neighborhoods.

Address

Open on Google Maps

Address: Michigan Ave
City: Miami Beach
State/county: Miami-Dade County
Zip/Postal Code: 33139
Area: ABSOLUT CONDO

Details

Updated on June 4, 2026 at 10:53 am

Property ID A11961071
Price $1,145,000
Property Size 1488 Square Feet
Bedrooms 2
Bathrooms 2
Garages 2
Year Built 2004
Type Condominium
Property Status Residential

Additional details

ArchitecturalStyle Penthouse, Split Level
AssociationAmenities Barbecue, Bike Storage, Child Play Area, Heated Pool, Trash Chute
AssociationFee 1025
AssociationFeeFrequency Monthly
BathroomsFull 2
BathroomsHalf 0
BuildingAreaTotal 1488
BuildingAreaUnits Square Feet
BuildingName ABSOLUT CONDO
ConstructionMaterials Concrete Block Construction
ContractStatusChangeDate 2026-02-11
Cooling Electric
CoveredSpaces 2
DaysOnMarket 113
DirectionFaces East
DoorFeatures High Impact Doors
ElementarySchool South Pointe
EntryLevel 2
ExpirationDate 2026-10-10
Fencing Fenced
Flooring Ceramic Floor
Furnished Unfurnished
Heating Electric
HighSchool Miami Beach
InternetAddressDisplayYN 1
InternetAutomatedValuationDisplayYN 1
InternetConsumerCommentYN 1
InternetEntireListingDisplayYN 1
ListAOR A-Miami Association of REALTORS
ListAgentDirectPhone 786-300-6334
ListingTerms All Cash, Conventional
LotSizeSquareFeet 0
MLSAreaMajor Absolut Condo
MajorChangeTimestamp June 4, 2026 at 01:40pm
MajorChangeType Back On Market
MiddleOrJuniorSchool Nautilus
MlsStatus Active
ModificationTimestamp June 4, 2026 at 01:40pm
OnMarketDate 2026-02-11
OriginalEntryTimestamp February 11, 2026 at 02:53pm
OriginalListPrice 1395000
OriginatingSystemID miamire
OriginatingSystemKey miamire
OriginatingSystemName Miami Association of REALTORS®
OtherExpense 0
Ownership Self Proprietor/Individual
ParcelNumber 02-42-03-280-0080
ParkingFeatures Assigned, Covered
PatioAndPorchFeatures Open Balcony, Patio
PetsAllowed Yes
PhotosChangeTimestamp February 28, 2026 at 06:08pm
PhotosCount 37
Possession Funding
PostalCode 33139
PostalCodePlus4 7035
PreviousListPrice 1195000
PriceChangeTimestamp May 11, 2026 at 05:13pm
PublicSurveyRange 42
PublicSurveySection 3
PublicSurveyTownship 42
RoomsTotal 0
SecurityFeatures Complex Fenced, Card Entry, Secured Garage/Parking
ShowingContactType Agent
ShowingInstructions Call Listing Agent, See Broker Remarks
SourceSystemKey 426493377
StateOrProvince FL
StatusChangeTimestamp June 4, 2026 at 01:40pm
StoriesTotal 4
StreetName Michigan Ave
StreetNumber 245
StreetNumberNumeric 245
StructureType Townhouse, Condo
SyndicationRemarks Unique architectural two-story loft penthouse with a private rooftop terrace in the heart of South of Fifth (SoFi). Defined by soaring 16-foot ceilings and dramatic floor-to-ceiling impact windows, the double-height living space is filled with natural light and showcases western exposures with stunning sunset views toward Biscayne Bay. This two-bedroom, two-bathroom residence offers 1, 488 sq ft of interior living space. A standout feature is the private 332 sq ft rooftop terrace, accessed separately from the main living areas, offering sweeping views of Fisher Island, the Port of Miami, and Miami Beach sunsets—ideal for entertaining or relaxing above it all. The updated kitchen features Bosch appliances, modern cabinetry, and upgraded finishes, complemented by renovated bathrooms and dual walk-in closets with custom built-ins. Built in 2004, the residence includes two assigned parking spaces, bike and motorcycle storage, and pet-friendly policies. The boutique building offers a low HOA and has completed major improvements, including a renovated pool, modernized elevators, and upgraded security. Located moments from South Pointe Park, the marina, beach access, Whole Foods, Pura Vida, cafés, and top dining, this penthouse offers a rare opportunity in one of Miami Beach’s most desirable neighborhoods.
TaxAnnualAmount 12384
TaxLegalDescription ABSOLUT CONDO UNIT LP-4 UNDIV 4.88% INT IN COMMON ELEMENTS OFF REC 22664-3028 COC 25619-3745 05 2007 5
TaxYear 2025
UnitNumber LP-4
View Bay, Garden View, Skyline
WindowFeatures Blinds, High Impact Windows
YearBuiltDetails Resale