What is the asking price and what does it include?

The list price for 734 Michigan Ave, Miami Beach FL 33160 is $2,940,000. The property is a Duplex with — bedrooms, — bathrooms, approximately 2809 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 734 Michigan Ave, Miami Beach FL 33160 in Miami Beach, 33160. Coordinates are approximately , . 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 2,940,000 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 734 Michigan Ave, 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.

734 Michigan Ave, Miami Beach FL 33139 | Miami-Dade County

Residential Income Active

734 Michigan Ave, Miami Beach FL 33139 | Miami-Dade County | A12030217

$2,940,000

Description

This exclusive and private residence gives you the opportunity to enjoy luxury in a prime location without the hassle of high rise living. Very low Maintenance fees. Two independent units 6 and 7 that are adjacent that combined will give 4 bedrooms, 4.5 baths, 2 private rooftop terraces, 2 cover parking spaces in a complex of only 7 townhouses. This 2 Modern South Beach Tri-level townhomes loft style can be combined for a total of 2890 sq feet. Currently generating $12,500 per month of income. Soaring 28 ft ceilings. Secure complex with only 7 Townhouses . White porcelain plank floors, stained concrete floors throughout respectively. Bright open living space, high Impact windows and doors. Unbeatable location within 2 blocks to the shopping center on Alton Rd and 5th Ave. Walk to Flamingo Park, the Beach, Lincoln Road, shops, restaurants. Publix, Total Wine and Whole Foods 2 small blocks away.

Address

Open on Google Maps

Address: Michigan Ave
City: Miami Beach
State/county: Miami-Dade County
Zip/Postal Code: 33139
Area: OCEAN BEACH ADD NO 3

Details

Updated on June 3, 2026 at 4:00 pm

Property ID A12030217
Price $2,940,000
Property Size 2809 Square Feet
Year Built 2006
Type Duplex
Property Status Residential Income

Additional details

ArchitecturalStyle Attached
AssociationFee 1114
AssociationFeeFrequency Monthly
BuildingAreaTotal 3300
BuildingAreaUnits Square Feet
BuildingName OCEAN BEACH ADD NO 3
ConstructionMaterials CBS Construction
ContractStatusChangeDate 2026-06-03
Cooling Central Air
DaysOnMarket 0
Directions GPS
DocumentsAvailable Deposit Held, Deposit - Last Months Rent, Deposit - Security, Copy Of Lease(S)
DoorFeatures High Impact Doors
ExpirationDate 2027-06-02
Fencing Fenced
Flooring Concrete
Heating Central
InternetAddressDisplayYN 1
InternetAutomatedValuationDisplayYN 1
InternetConsumerCommentYN 1
InternetEntireListingDisplayYN 1
ListAOR A-Miami Association of REALTORS
ListAgentDirectPhone 305-527-0235
ListingTerms All Cash, Conventional
LotFeatures Less Than 1/4 Acre Lot
LotSizeSquareFeet 0
MLSAreaMajor Ocean Beach Add No 3
MajorChangeTimestamp June 3, 2026 at 03:15pm
MajorChangeType New
MlsStatus Active
ModificationTimestamp June 3, 2026 at 04:46pm
NetOperatingIncome 118084
NumberOfUnitsInCommunity 2
NumberOfUnitsTotal 2
OnMarketDate 2026-06-03
OperatingExpense 35516
OriginalEntryTimestamp June 3, 2026 at 03:15pm
OriginalListPrice 2940000
OriginatingSystemID miamire
OriginatingSystemKey miamire
OriginatingSystemName Miami Association of REALTORS®
OtherExpense 0
ParcelNumber 02-42-03-330-0001
ParkingTotal 2
PatioAndPorchFeatures Patio
PhotosCount 0
Possession Funding
PostalCode 33139
PostalCodePlus4 6094
PriceChangeTimestamp June 3, 2026 at 03:15pm
PropertyCondition Substantially Remodeled
PublicSurveyRange 42
PublicSurveySection 3
PublicSurveyTownship 42
RentIncludes Electricity, Hot Water, Gardener, Sewer, Trash Collection, Water
Roof Concrete
Sewer Public Sewer
ShowingInstructions 24 Hour Notice, Appointment Only
SourceSystemKey 504031394
StateOrProvince FL
StatusChangeTimestamp June 3, 2026 at 03:15pm
Stories 3
StoriesTotal 3
StreetName Michigan Ave
StreetNumber 734
StreetNumberNumeric 734
StructureType Duplex
SyndicationRemarks This exclusive and private residence gives you the opportunity to enjoy luxury in a prime location without the hassle of high rise living. Very low Maintenance fees. Two independent units 6 and 7 that are adjacent that combined will give 4 bedrooms, 4.5 baths, 2 private rooftop terraces, 2 cover parking spaces in a complex of only 7 townhouses. This 2 Modern South Beach Tri-level townhomes loft style can be combined for a total of 2890 sq feet. Currently generating $12, 500 per month of income. Soaring 28 ft ceilings. Secure complex with only 7 Townhouses . White porcelain plank floors, stained concrete floors throughout respectively. Bright open living space, high Impact windows and doors. Unbeatable location within 2 blocks to the shopping center on Alton Rd and 5th Ave. Walk to Flamingo Park, the Beach, Lincoln Road, shops, restaurants. Publix, Total Wine and Whole Foods 2 small blocks away.
TaxAnnualAmount 22375
TaxLegalDescription 734 MICHIGAN CONDO OCEAN BEACH ADD NO 3 PB 2-81 LOT 4 BLK 96 AS DESC IN DECL OR 25510-1120 LOT SIZE 7500 SQ FT FAU 02 4203 009 7510
TaxYear 2025
TotalActualRent 153600
WaterSource Municipal Water
WindowFeatures Complete Impact Glass, Blinds
YearBuiltDetails Effective Year Built
Zoning 3900