The Terrace, 945 Michigan Ave #5

2
Beds
2
Baths
976
SqFt
Status
Active
Parking
1
Size
976 SqFt (91 m2)
Price
$614/SqFt ($6,606/m2)
Type
Condo
Built
2007
HOA
$1,456/MO
MLS Number
A12029487
View
Garden
On Site
102 Days
Updated
14 Days ago
Page Views
0
This condo it is rented till August 2027. Amazing Opportunity in Miami Beach!Why should I buy this condo? Rare chance to own one of the best values currently available in the area. Built in 2007, this newer boutique building offers features that are difficult to find at this price point.Association requirements are buyer-friendly with no minimum credit score requirement, no income verification requirement, and no minimum down payment requirement imposed by the association. Unlike many buildings in the area, you don't need a large down payment to buy. Qualified buyers may finance with as little as 3%-5% down, potentially saving tens of thousands of dollars compared to condos requiring 20%-25% or more down. Many condos in the same price range are located in much older buildings dating back to the 1950s, while this property combines modern construction with extensive recent building improvements. The building features assigned indoor parking, two beautiful rooftop terraces, impact windows and doors, and has recently completed major upgrades including building recertification/inspection, concrete restoration work, new roof, and a complete interior and exterior repainting. Inside, the unit has been updated with brand-new flooring in both bedrooms, a new A/C unit, and includes a washer, dryer, dishwasher, and more. Spacious layout, modern construction, and a prime Miami Beach location make this an exceptional value ! Schedule your showing today.

Features

Bedrooms
  • Bedrooms: 2
Bathrooms
  • Bathrooms: 2
  • Half Bathrooms: No info
Exterior and Lot Features
  • Exterior Features: Balcony, SecurityHighImpactDoors
  • View: Garden
Interior, Heating and Cooling
  • Interior Features: Other,Elevator
  • Equipment / Appliances: Dryer, Dishwasher, ElectricRange, ElectricWaterHeater, Disposal, Microwave, Refrigerator, Washer
  • Heating Description: Electric
  • Cooling Description: Electric
Building and Construction
  • Floor Description: Hardwood,Tile,Wood
  • Windows/Treatment: Sliding,ImpactGlass
  • Year Built: 2007
  • Year Built Description: Resale
  • Style: None
Waterfront and Water Access
  • Waterfront Frontage: No info
School Information
  • Middle School: Nautilus
  • Senior High School: Miami Beach
Other Property Info
  • Garage: 1
  • Listing Date: 2026-06-05T19:12:14.000-00:00
  • Pets Allowed: Conditional,Yes
Taxes, Fees & More
  • Maintenance Includes: Insurance, MaintenanceGrounds, MaintenanceStructure, ReserveFund, Roof, Sewer, Trash, Water
  • Taxes: 6685
  • Security Information: SecuredGarageParking, PhoneEntry, SmokeDetectors
  • Parking Description: Attached, Underground, Garage, OneSpace, GarageDoorOpener
  • Total Floors in Building: 4

Apples-to-Apples Comparables

 Closest-Match Comparables
See closest-match comps for this subdivision
No obligation
Verified
Trends
Insights
Best of Luxury Realty
Talk to a local advisor
Licensed advisors answering your questions across Miami Beach, FL
01
Licensed Brokerage
02
Local Advisors
03
Direct Answers
Exclusive real estate service partner

Price History

Current
$599K
High
$599K
Low
$599K
Total Change
0%
$605K$599K$593KJun 26Jun 26
Date
Event
Price
Change
Price Per
06/09/2026
Price Reduced
$599K
0%
$614 ft2
$6,606 m2
06/02/2026
Listed
$599K
 
$614 ft2
$6,606 m2
06/09/2026
$599K
Event
Price Reduced
Change
0%
Price Per
$614 ft2
$6,606 m2
06/02/2026
$599K
Event
Listed
Price Per
$614 ft2
$6,606 m2
Price per square foot and days on website are not provided values and are calculated by Subdivisions.
Listed by Mxim MadcediVantaSure Realty LLC • Buyer Agency Compensation .

Listing Location & Street View
MapStreet View

Peer Listings

Active listings from matched communities
Results 0 of 0
No listings found
Try adjusting your filters or changing your location to see available listings
Turn on listing alerts and we'll notify you
when matching listings appear

Scores

Walk Score®
Walker's Paradise. Daily errands do not require a car
95

100
Transit Score®
Good Transit. Many nearby public transportation options
53

100
Bike Score®
Very Bikeable. Biking is convenient for most trips
77

100
Sound Score®
Bearable noise
77

100
Airport Score
Close to airports. Noticeable airport activity
0

100
Traffic Score
Congested area. Frequent traffic delays
31

100
Local Score
Limited local amenities nearby
2

100
Community Snapshot
2 – 2 BR
Bedrooms
$599K – $599K
Price Tier
749 - 1,042
SqFt Range
2007
Year Build
4
Total Floors

Subdivision Amenities

Elevators
None
Trash

Miami Beach
Mid-Tier
Mid-Tier Homes & Condos