How much is 560 Michigan Avenue?

560 Michigan Avenue is listed at $5,600,000. The listing page shows comparable active listings and recent closed sales nearby so you can judge the asking price against what buyers have actually paid.

What are the property taxes on 560 Michigan Avenue?

The listing reports annual property taxes of $61,192 for 2025. Taxes are reassessed at the sale price after a purchase, so a new owner's bill can differ from the current owner's; use the mortgage calculator on this page for an estimate.

When was 560 Michigan Avenue built?

560 Michigan Avenue was built in 1937 and the listing describes its condition as updated/remodeled. Age matters for insurance and financing in Florida: ask about the roof, the electrical panel and, for a condo built before the current code, the building's structural reserve study.

How long has 560 Michigan Avenue been on the market?

560 Michigan Avenue has been listed for 24 days. Days on market and price changes are the first signals of how much room there is to negotiate.

Which schools serve 560 Michigan Avenue?

The MLS lists Miami Beach South Pointe (elementary), Miami Beach Nautilus (middle), Miami Beach (high). School assignments are set by the district and can change; verify them with the school board before you rely on them.

How do I see 560 Michigan Avenue?

Request a showing from this page or call BreakThru Realty and a licensed agent will arrange a private tour, in person or by video, and answer anything the listing leaves out.

560 Michigan Avenue, Miami Beach, FL 33139

$5,600,000 · Active

0 baths
Built 1937
Updated/Remodeled
Miami-Dade County
MLS# A12094992
Ocean Beach Addn No 3

Photo 1 at 560 Michigan Avenue, Miami Beach

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Photo 8 at 560 Michigan Avenue, Miami Beach

About this home

This income producing property includes two renovated buildings in Miami Beach with furnished one & two bedroom apartments, licensed for short term rentals and currently leased on an NNN basis to an operating company. A future owner can choose to keep the operating company in place, enjoying steady income not subject to occupancy fluctuations, or instead operate under own management. The remodeled 9 units offer fully equipped kitchens & bathrooms as well as central AC. The property consists of two separate folios and is located on a double corner lot at 6th Street and Michigan Avenue in the heart of South Beach, close to the 5th Street Mall and the new Five Park residential tower & City park. Ocean Drive, the beach as well as the exclusive South of Fifth neighborhood are just blocks away, making this an extremely attractive location for visitors and short term tenants. Zoning is CPS2 commercial - residential mix used - FAR 2,which allows further development up to 20,000 Sq/Ft. Please ask us for proposed design renderings.

Schools

Elementary: Miami Beach South Pointe
Middle: Miami Beach Nautilus
High: Miami Beach

Presented by

BreakThru Realty · (786) 914-1017

Courtesy of

The Corcoran Group · Mercedes.Saewitz@corcoran.com · Listing agent: Frank Euler

All listings featuring the BMLS logo are provided by BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright © 2026 BeachesMLS, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by BeachesMLS. Listings held by brokerage firms other than BreakThru Realty carry the name of the listing broker.

Schedule a showing

Call or text BreakThru Realty at (786) 914-1017 or email sales@breakthrurealty.com to see 560 Michigan Avenue.

Questions About 560 Michigan Avenue

How much is 560 Michigan Avenue?: 560 Michigan Avenue is listed at $5,600,000. The listing page shows comparable active listings and recent closed sales nearby so you can judge the asking price against what buyers have actually paid.
What are the property taxes on 560 Michigan Avenue?: The listing reports annual property taxes of $61,192 for 2025. Taxes are reassessed at the sale price after a purchase, so a new owner's bill can differ from the current owner's; use the mortgage calculator on this page for an estimate.
When was 560 Michigan Avenue built?: 560 Michigan Avenue was built in 1937 and the listing describes its condition as updated/remodeled. Age matters for insurance and financing in Florida: ask about the roof, the electrical panel and, for a condo built before the current code, the building's structural reserve study.
How long has 560 Michigan Avenue been on the market?: 560 Michigan Avenue has been listed for 24 days. Days on market and price changes are the first signals of how much room there is to negotiate.
Which schools serve 560 Michigan Avenue?: The MLS lists Miami Beach South Pointe (elementary), Miami Beach Nautilus (middle), Miami Beach (high). School assignments are set by the district and can change; verify them with the school board before you rely on them.
How do I see 560 Michigan Avenue?: Request a showing from this page or call BreakThru Realty and a licensed agent will arrange a private tour, in person or by video, and answer anything the listing leaves out.

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The 3 bedroom condo at 300 Collins Avenue PH2, Miami Beach, FL 33139 is comparable and listed for sale at $5,650,000. Another comparable condo, 500 Alton 2203, Miami Beach, FL 33139, sold for $4,150,000 in October 2026. Other Miami Beach neighborhoods include Altos del Mar and South Beach. Nearby ZIP codes include 33109 and 33140. This property also neighbors Miami, Brickell, and Key Biscayne. Compare it with the Miami Beach housing market report.