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Single Family Residence
$1,500,000$629 / sqft
1236 Michigan Ave, Miami Beach FL 33139
Listed
3
Bedrooms
3
Bathrooms
2,385 sqft
Interior
1936
Year built
None
HOA
Single Family Residence
Type
About this home
Right across from Flamingo Park in the heart of Miami Beach! This 3-bedroom, 3-bath home sits on a 7,500 sqft lot with great bones and original character throughout. Renovate and make it your own, or hold it as a long-term investment in one of South Florida's most sought-after neighborhoods. Minutes to the beach, Lincoln Road, and the best of South Beach dining. Estate sale, subject to court approval. [Sold as-is.]
Features
- First Floor Entry
- No Additional Rooms
- None
Location
Approximate — shows the building, not the unit. Open in maps (opens in a new tab)
Estimated loan & HOA
$7,585
Loan payment and HOA only. Property tax and insurance are significant here and are not included.
- Principal & interest
- $7,585
- HOA
- None
Illustration only — not a loan offer, quote, or commitment. We are not a lender and neither offer nor arrange financing. Assumes a 30-year loan at 6.5% with 20% down (rates as of July 2026); your actual terms will differ.
Run the numbers
We fill in the price and the building's HOA dues. That leaves tax, insurance and maintenance — they depend on your exemptions, your insurer and the unit, so we don't guess them. Rent starts from what comparable units are asking nearby. Vacancy and the loan terms below start at common defaults; change them.
Median asking rent for 3-bed rentals in Miami Beach, from 18 active listings; the middle half ask $6,500–$13,000.That is what landlords ask, not what units let for — edit it if you know better.
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 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. We are not a lender and neither offer nor arrange financing. 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.