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Condominium at 245 Michigan Ave # 5, Miami Beach FL 33139Active
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Condominium
$1,749,999$973 / sqft

245 Michigan Ave # 5, Miami Beach FL 33139

3
Bedrooms
3
Bathrooms
1,798 sqft
Interior
2004
Year built
$1,244 / mo
HOA
Condominium
Type

About this home

Experience elevated living in the largest residence in the boutique ABSOLUT, ideally situated on a quiet, tree lined street in Miami Beach's coveted South of Fifth neighborhood. This rarely available 3 bedroom, 3 bathroom loft offers one of the area's most desirable floor plans, combining dramatic architecture with modern sophistication. Showcasing striking 18 foot ceilings, floor to ceiling hurricane impact glass, elegant terrazzo floors, and automated electric shades throughout, the home is filled with natural light and designed for effortless living. The expansive open concept layout flows seamlessly into a sleek contemporary kitchen, creating the perfect setting for both everyday living and entertaining all combined with a low HOA fee! The spacious primary suite serves as a private retreat, while the home's exceptional indoor outdoor connection sets it apart. Enjoy your own lush private garden with the rare convenience of direct street access or entry through the building's gated entrance, offering the feel of a private home while enjoying the amenities of a boutique condominium. Additional highlights include assigned parking, rooftop access, and a resort style pool. Just three blocks from the beach and one block from the marina, this exceptional residence places you moments from South Pointe Park, world class dining, boutique shopping, fitness studios, and the vibrant South of Fifth waterfront lifestyle.

Features

  • First Floor Entry
  • Second Floor Entry
  • Built-in Features
  • Elevator
  • Entrance Foyer
  • Pantry
  • Volume Ceilings
  • Walk-In Closet(s)
  • Family Room
  • Loft
  • Utility/Laundry In Garage
  • Open Balcony
  • Other View
  • Skyline

Location

Approximate — shows the building, not the unit. Open in maps (opens in a new tab)

Estimated loan & HOA

$10,093

Loan payment and HOA only. Property tax and insurance are significant here and are not included.

Principal & interest
$8,849
HOA
$1,244 / mo

Illustration only — not a loan offer, quote, or commitment. Assumes a 30-year loan at 6.5% with 20% down (rates as of July 2026); your actual terms will differ.

Schedule a tour

Request a private or video tour with a local agent.

Courtesy of
Compass Florida, LLC

Run the numbers

We fill in the price and the building's HOA dues. That leaves rent, tax, insurance and maintenance — they depend on your exemptions, your insurer and the unit, so we don't guess them. Vacancy and the loan terms below start at common defaults; change them.

Our default, not a market figure
From the listing
Depends on assessed value & exemptions
Varies widely by building
Repairs, turnover, management

Cap rate
Cash-on-cash
Monthly cash flow
Net operating income

Enter rent, property tax, insurance, maintenance to see the returns. A cap rate calculated without every cost overstates the deal — often by half — so we don't show a partial one.

Illustration only — not a loan offer, quote, or investment advice. The loan fields start at 20% down over 30 years at 6.5% (rates as of July 2026); that is a nominal rate for illustration, not an APR, and your actual terms will differ. Cap rate is unlevered; cash-on-cash counts the down payment as invested capital and excludes closing costs.

Listing data from the MIAMI Association of REALTORS® (MIAMIRE) IDX program. Information deemed reliable but not guaranteed. Demo data shown for layout purposes.