245 Michigan Ave

Miami Beach, FL 33139

$1,749,999

$973/ft²

3Beds

3Baths

1,798Sq ft

2004Year built

CondoType

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

55+ community

Property details

Listing

MLS #: A12052669
Status: For sale
Listed on: Jul 13, 2026
Days on market: 28 days
Listing data updated: Jul 19, 2026

Interior

Beds: 3
Baths: 3
Living area: 1,798 ft²
Price per ft²: $973/ft²
Unit: LG-5

Building & community

Type: Condo
Year built: 2004
HOA fee: $1,244/mo
County: Miami-Dade

Days on market, price per ft² and the monthly HOA amount are calculated by this site from the MLS data shown; the association fee is normalized to a monthly figure.

True monthly cost

Mortgage (principal & interest): $8,849
Property taxes (est.): $1,604
Home insurance (est.): $600
Flood insurance (est.): —
HOA fee: $1,244

Estimated total$12,297*/mo

* Some cost lines aren't available yet for this listing; the total shown is incomplete.

Based on 20% down, a 6.5% rate and a 30-year loan, plus this home's estimated Florida carrying costs. All figures are illustrative estimates — not quotes, not financial or insurance advice.

Sources: flood zone — FEMA National Flood Hazard Layer; mortgage, taxes and insurance figures — this site's own estimates; HOA / CDD — as reported for this listing.

What will this home really cost you?

Building structural health (SIRS)

No filing record found

We couldn't find a SIRS filing record for this building in Florida's public DBPR database. That is not a red flag by itself: buildings under three stories are exempt, recent or mailed-in filings may not appear yet, and the name or address on file may differ from this listing.

Questions about this

What is a SIRS and why does it matter?

Since the Surfside collapse, Florida requires condo and co-op buildings three stories or taller to complete a Structural Integrity Reserve Study: an inspection-based plan that forces the association to fund structural repairs (roof, load-bearing walls, plumbing, electrical) instead of deferring them. It matters because underfunded buildings are the ones that surprise owners with large special assessments.

Has this building filed its SIRS?

We didn't find a filing record for this building in the DBPR's public database. Absence of a record does not mean the building is out of compliance — it may be exempt (under three stories), the filing may be recent or on paper, or the recorded name/address may differ. It IS the right question to ask before offering.

What is a special assessment?

A one-off charge the association levies on every owner when reserves don't cover a needed repair — in older coastal buildings they have ranged from a few thousand to over $100,000 per unit. The SIRS exists precisely to make these predictable and funded in advance. Always review the building's budget, reserves and meeting minutes before buying.

What should I check before buying in this building?

Florida law gives buyers the right to review the association's SIRS, milestone inspection reports, budget and reserves — the full study is available from the association by written request. Nilyan requests and walks through these documents with her buyers as part of the offer process.

Source: Florida DBPR public SIRS reporting database. Filing status is self-reported by the association; this is not an audit, inspection or safety certification, and absence of a record does not mean non-compliance. Data as of July 30, 2026.

Want the full structural picture of this building before you offer?