Basic Information

  • MLS # A12029487
  • Type Condominiums
  • Subdivision/Complex The Terrace Condo
  • Year Built 2007
  • Total Sqft 976
  • Date Listed 06/05/2026
  • Days on Market 4
Description

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.

Amenities

  • Elevators

Exterior Features

  • Waterfront No
  • Pool No
  • Exterior Features Balcony, Security High Impact Doors
  • Parking Spaces 1
  • Parking Description Attached, Underground, Garage, One Space, Garage Door Opener

Interior Features

  • Adjusted Sqft 976
  • Interior Features Other, Elevator
  • Sqft 976

Property Features

  • Aprox. Lot Size 976
  • Furnished Info No
  • Short Sale Regular Sale
  • HOA Fees $1,456
  • Subdivision Complex The Terrace Condo
  • Subdivision Info The Terrace Condo
  • Tax Amount $6,685
  • Tax Year 2025

945 Michigan Ave #5

Miami Beach, FL 33139

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