Home » Properties » 642 Michigan Ave # 20, Miami Beach FL 33139

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642 Michigan Ave #20, Miami Beach FL 33139 Condo for Sale

One-bedroom, one-bath condo in South Beach with vaulted ceilings and open balcony. Ideal for investors or developers near beach and Lincoln Road.

$275,000

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MLS #A11841046

Listing Updated: 2026-07-13 18:35:24

Listed By: The Keyes Company

Overview

This 520 sqft condominium at 642 Michigan Ave #20 offers a unique opportunity in the heart of Miami Beach’s South Beach neighborhood. Built in 1925, the unit features vaulted ceilings and an open balcony, creating a bright and airy living space. Situated just steps from the beach and Lincoln Road, residents can enjoy easy access to Miami Beach’s vibrant lifestyle, including dining, shopping, and entertainment. The building currently lacks a Certificate of Occupancy, making it an excellent prospect for redevelopment or extensive renovation. This property is well-suited for investors or developers looking to capitalize on a prime location in a highly sought-after market.

Property Highlights

Prime South Beach location, 1 bedroom, 1 bathroom, vaulted ceilings, open balcony, near beach and Lincoln Road, redevelopment potential, no garage, on-street parking.

Property Details

City: Miami Beach

State: FL

Zip Code: 33139

Address: 642 Michigan Ave # 20, Miami Beach FL 33139

Year Built: 1925

Property Type: Residential

Property Sub Type: Condominium

Listing Office Name: The Keyes Company

County: Miami-Dade County

Garage Spaces: 0

Parking Features: On Street

Interior Features: First Floor Entry, Vaulted Ceiling(s)

Exterior Features: Open Balcony

Waterfront: No

Pool: No

HOA Fee: $1,114

Annual Tax: $2,113

Days On Market: 326 Days

Original Listing Description

Investor/Developer Opportunity in South Beach Location! Located in the heart of South Beach, this property offers unbeatable location value just steps from the beach, Lincoln Road, and all that Miami Beach has to offer. The building currently does not have a Certificate of Occupancy, presenting a unique opportunity for redevelopment or major renovation. Ideal for savvy investors or developers seeking a value-add or ground-up project in one of Miami’s most desirable markets. Unlock the full potential of this site in a high-demand area poised for transformation.

Property Location

Explore the surrounding area, nearby amenities, and neighborhood access for this property.

642 Michigan Ave # 20, Miami Beach FL 33139

About This Neighborhood

Located in the vibrant South Beach neighborhood, this property benefits from a dynamic urban environment. South Beach is renowned for its iconic beaches, lively nightlife, and cultural attractions. Residents enjoy easy access to world-class restaurants, boutique shopping, and outdoor recreational spaces. The neighborhood’s walkability and public transportation options make it convenient for daily living and exploring the greater Miami Beach area. This location is highly desirable for those seeking an active lifestyle near the Atlantic coast.

Walkability & Lifestyle

This condominium’s location in South Beach ensures excellent walkability, with numerous amenities within easy reach. Residents can stroll to the beach, Lincoln Road’s shops and restaurants, and parks. The neighborhood supports a pedestrian-friendly lifestyle with vibrant street life, outdoor cafes, and cultural venues nearby. Public transportation options further enhance connectivity, making daily errands and leisure activities accessible without a car.

Things To Do Nearby

South Beach offers a wide array of activities including beach outings, dining at renowned restaurants, shopping along Lincoln Road, and enjoying nightlife venues. Outdoor enthusiasts can explore nearby parks, marinas, and waterfront areas. Cultural attractions such as art galleries and theaters add to the vibrant lifestyle. Golf courses and boating opportunities are also accessible within the Miami Beach region, providing diverse recreational options.

Nearby Schools

Miami Beach offers access to a variety of educational institutions, including public and private schools serving the community. Families and residents benefit from nearby schools that provide convenient options for different grade levels. The area’s educational facilities contribute to the overall appeal for residents seeking quality schooling options within reach of their home.

Why Buyers Like This Area

Buyers appreciate this area for its unbeatable location near the Atlantic Ocean and Lincoln Road’s amenities. The neighborhood’s blend of urban convenience and beach lifestyle appeals to a broad range of residents and investors. The property’s potential for redevelopment adds flexibility for buyers seeking to customize or enhance the space. Its proximity to cultural and recreational offerings makes it a desirable place to live or develop in Miami Beach.

Investment Potential

This condominium presents a distinctive opportunity for investors and developers interested in Miami Beach’s South Beach area. The absence of a Certificate of Occupancy allows for redevelopment or significant renovation, encouraging creative projects that can enhance the property’s value. Its proximity to the beach and Lincoln Road ensures consistent interest from tenants or buyers seeking prime locations. The compact size and unique features like vaulted ceilings and an open balcony add to its appeal for various uses, including residential or mixed-use developments.

Market Trends

Miami Beach’s real estate market continues to attract interest due to its desirable coastal location and lifestyle amenities. South Beach remains a hotspot for buyers and investors, with demand driven by limited inventory and strong appeal to both local and international clients. Properties offering redevelopment potential, like this condominium, are particularly sought after as they provide opportunities to maximize value in a competitive market. Long-term interest in the area supports steady market activity and sustained buyer engagement.

Rental Income Potential

The property's location near the beach and Lincoln Road makes it attractive for rental demand, especially among seasonal tenants and tourists. While the lack of a Certificate of Occupancy may require addressing before leasing, the unit’s features and prime location position it well for future rental opportunities. Investors should consider the seasonal fluctuations typical of Miami Beach’s rental market and the potential for tenant interest in a compact, well-located condominium.