The Terrace, 945 Michigan Ave #5

2
Beds
2
Baths
976
SqFt
$614
$/SqFt
Mid-Tier CondoProperty Type
2007Year Built
$614/SqFtPrice per sq ft
$1,456/moHOA Fees
1 carParking Spaces
GardenView
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.
Listing Courtesy Of: VantaSure Realty LLC
Local Realty Services Provided By: Best of Luxury Realty
On Site: 145 DaysUpdated: 57 Days agoPage Views: 0

Features

MLS Number: A12029487
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

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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 Madcedi • VantaSure Realty LLC • Buyer Agency Compensation .
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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

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Mid-Tier
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