Stay informed on Miami condo trends
What we cover
1551 Michigan Ave, Miami Beach 33139
1954
Year Built
14
Units
3
For Sale
$237K
Avg Price
$420
Sale $/SF
—
For Rent
—
Avg Rent
$3.61
Rent $/SF
—
YoY
For Sale
3
For Rent
0
Investor-Owned
93%
Avg HOA
$470/mo
Address
1551 Michigan Ave, Miami Beach, 33139
Neighborhood
South Beach
Year Built
1954
Total Units
14
Avg Unit Sqft
474 SF
Tier
Premium
Avg $/SF
$420
Rent $/SF
$3.61/SF
HOA Range
$470 – $470
Neighborhood Rank
Top 18%
Avg Unit Value
$215K
Total Sales (All-Time)
64
Sale Price Trend ($/SF)
$420
Rental Price Trend ($/SF)
$3.60
Building Activity
Days on Market
287
days
Sitting longer
Months of Inventory
12.0
months
Buyer's market
Sale-to-List Ratio
93.3%
Fair negotiation
Price Reductions
100%
of listings
Many price cuts
Closed Sales (120d)
1
transactions
Low volume
Active Listings
For Sale (3)
$227K
Unit 13
$237K
Unit 10
$275K
Recent Sales
| Date | Price | $/SF | Bed/Bath | SF |
|---|---|---|---|---|
| Dec 18, 2025 | $210K | $420 | 1/1 | 500 |
| May 7, 2024 | $290K | $580 | 1/1 | 500 |
| May 6, 2024 | $290K | $580 | 1/1 | 500 |
| May 16, 2023 | $240K | $480 | 1/1 | 500 |
| May 12, 2023 | $245K | $490 | 1/1 | 500 |
| Dec 1, 2021 | $208K | $416 | 1/1 | 500 |
| Mar 10, 2020 | $170K | $340 | 1/1 | 500 |
| Oct 14, 2016 | $200K | $400 | 1/1 | 500 |
| Jun 17, 2016 | $205K | $410 | 1/1 | 500 |
| Oct 2, 2015 | $278K | $556 | 1/1 | 500 |
Total Units
14
Avg Sqft
474 SF
Avg Assessed
$194K
Owner-Occupied
7%
Tax & Ownership
Investor-Owned
93%
Owner-Occupied
7%
Avg Assessed Value
$194K
Avg Taxable Value
$190K
Effective Year Built
1954
Zoning
3900
Unit Mix
Avg 320 SF
Avg 500 SF
Unit Directory
Showing 10 of 14 units| Unit | Beds | Baths | SF | Assessed | Owner | Last Sale | $/SF | Sale Date |
|---|---|---|---|---|---|---|---|---|
| 1 | 1 | 1 | 500 | $149K | ✓ | $160K | $320 | Mar 2013 |
| 2 | 1 | 1 | 500 | $194K | — | $60K | $120 | Mar 2000 |
| 3 | 1 | 1 | 500 | $193K | — | $278K | $556 | Oct 2015 |
| 4 | 0 | 1 | 320 | $173K | — | $115K | $359 | Sep 2012 |
| 5 | 1 | 1 | 500 | $193K | — | $235K | $470 | Jun 2013 |
| 6 | 1 | 1 | 500 | $209K | — | $208K | $416 | Dec 2021 |
| 7 | 1 | 1 | 500 | $197K | — | $205K | $410 | Jun 2016 |
| 8 | 1 | 1 | 500 | $199K | — | $170K | $340 | Mar 2020 |
| 9 | 1 | 1 | 500 | $197K | — | $65K | $129 | Oct 2000 |
| 10 | 1 | 1 | 500 | $198K | — | $109K | $217 | Apr 2011 |
Be the first to know when a unit in LINCOLN PLACE CONDO hits the market — for sale or rent.
Neighborhood
South Beach →
View all buildings in this area
Building Snapshot