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Updated 2 hours ago

245 Michigan Ave #lg-5


Miami Beach, FL

3 Bed
3 Bath

1,798 Sq. Ft.

Available Now
3 Beds • 3 Bath
$9,990
1798 ft2
1 Available
Managed By: Mortgage Aid Credit Solutions
245 Michigan Ave # LG-5
$9,990
Available Now
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Lease & Fees
Security Deposit: $9,990
Property details
Description

Courtesy of Compass Florida, LLC
Experience elevated living in this rarely available 3BR/3BA loft featuring one of the most desirable floor plans in the highly sought-after South of Fifth neighborhood in Miami Beach. Showcasing elegant terrazzo floors, dramatic 18-foot ceilings, and a bright open layout, this modern updated residence offers a sophisticated yet comfortable living experience. Featuring a sleek kitchen is equipped open concept kitchen, ideal for both everyday living and entertaining. The spacious primary suite serves as a private retreat designed for comfort and relaxation. Enjoy seamless indoor-outdoor living with your own lush private garden and direct street access, a unique feature rarely found in the area. Additional highlights include assigned parking, rooftop access, and a resort-style pool, all within one of Miami Beach's most coveted neighborhoods. Ideally located just three blocks from the beach and one block from the marina, residents can also enjoy being moments from South of Fifth's renowned restaurants, upscale dining, fitness studios, South Pointe Park, and vibrant waterfront lifestyle. Available unfurnished or partially furnished.

Additional Details
Total Unit Count: 1
Last Updated: Updated 2 hours ago
Contact Number: (786) 376-9150
Internet Providers
Provider Max Download Speed (Mbps) Max Upload Speed (Mbps)
Acquisitions Cogeco Cable Holdings II Inc. 1000.0 884.0
ViaSat, Inc. 35.0 3.0
Hughes Network Systems, LLC 25.0 3.0
AT&T Inc. 18.0 0.768
AT&T Inc. 6.0 0.512
Data from June 2020 provided by the FCC
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Affordability
To comfortably afford an apartment, we recommend having at least three times your monthy rent in gross household income.
View suggested annual incomes for 245 Michigan Ave #lg-5 by bedroom type below.
3 Bedroom
Suggested income:
$359,600
per year
Rent report

245 Michigan Ave #lg-5 Rent vs. Miami Beach Average

 245 Michigan Ave #lg-5      Miami Beach Average
3BR
$9,990
$6,555
$0
$3,250
$6,500
$9,750
$13,000

245 Michigan Ave #lg-5 is asking 52% more than the average 3 bedroom apartment in Miami Beach.

If you upsized to an average priced Miami Beach 4 bedroom apartment, you would pay 38% more per month.

If you downsized to an average priced Miami Beach 2 bedroom apartment, you would pay 54% less per month.

245 Michigan Ave #lg-5 provides 75% less square footage than the average Miami Beach 3 bedroom apartment.

Monthly Rent Rent per Sq. Ft. Suggested
Monthly Income
245 Michigan Ave #lg-5
3BR $9,990 $5.60 $29,970
Miami Beach Average
Studio $2,596 $5.10 $7,789
1BR $2,563 $3.10 $7,690
2BR $4,248 $4.00 $12,743
3BR $6,555 $0.90 $19,665
4BR $10,500 $4.80 $31,500

Availability in Miami Beach

In order to find the best deal, you need to know what types of units are available. Property managers may be willing to give concessions if they have many vacant units.

There are currently 141 1BR units on the market in Miami Beach. If you're looking to negotiate, this may be your best option.

Studio
1BR
2BR
3BR
4BR
21% 46% 26% 7% 1%
Available Units in Miami Beach
Studio 64
1BR 141
2BR 79
3BR 21
4BR 3
Location
Nearby Colleges
Nearby Hospitals
Name Distance
Mount Sinai Medical Center 2.84 mi.
Select Specialty Hospital Miami 4.52 mi.
Jackson Memorial Mental Health Center Inpatient 4.64 mi.
Nearby Fire Stations
Name Distance
Miami Beach Fire Department 0.8 mi.
Miami Beach Fire Department 2.09 mi.
Miami Fire Rescue 3.9 mi.
FAQs
Is this property currently leasing units?
Yes, there is 1 unit available at this property.
How many units are move-in ready in the next 2 months?
This property has 1 unit available for move-in now.
What's the square footage of the available units?
It's 1,798 square feet.
Does this property allow cats or dogs?
The property manager did not submit a pet policy with this listing.
How many bedrooms are in the available units?
There are 3 bedroom units available.
How many bathrooms are in the available units?
There are 3 bathroom units available.
What's the monthly rent at this property?
245 Michigan Ave #lg-5 has a 3 bedroom unit starting at $9,990.
Where is this property located?
This property is at 245 Michigan Ave #lg-5 in Miami Beach, FL. It's 1.3 miles southwest from the center of Miami Beach.
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