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Pinnacle Real Estate Group – FL

560 Michigan Avenue, Miami Beach, FL 33139 (MLS# A12057167)

560 Michigan Avenue, Miami Beach, FL 33139

$5,800,000
Property Type: Commercial Sale Square Footage: 5,524 Status: Active
Current Price: $5,800,000 List Date: 7/20/2026 Last Modified: 7/21/2026

Overview

Description

This income producing property includes two renovated buildings in Miami Beach with furnished one & two bedroom apartments, licensed for short term rentals and currently leased on an NNN basis to an operating company. A future owner can choose to keep the operating company in place, enjoying steady income not subject to occupancy fluctuations, or instead operate under own management. The remodeled 9 units offer fully equipped kitchens & bathrooms as well as central AC. The property consists of two separate folios and is located on a double corner lot at 6th Street and Michigan Avenue in the heart of South Beach, close to the 5th Street Mall and the new Five Park residential tower & City park. Ocean Drive, the beach as well as the exclusive South of Fifth neighborhood are just blocks away, making this an extremely attractive location for visitors and short term tenants. Zoning is CPS2 commercial - residential mix used - FAR 2,which allows further development up to 20,000 Sq/Ft. Please a ...

Listing Details MLS# A12057167

General Property Information

Number Of Buildings
2
Property Sub Type
Multi Family
Number Of Units Total
2
Price Per Unit
644444
Occupant Type
Call Listing Agent
Building Area Main
5524
Year Built
1937
Parking Total
9
Lot Size Area
10000
Lot Size Acres
0.23
Stories Total
2

Property Features

Parking Features: Assigned Construction Materials: Block Listing Terms: Cash; Conventional

Contract Information

Comp Sale YN
No
Original List Price
5800000

Location and Legal

Country
United States
County Or Parish
Miami-Dade
County Parish Name
Miami-Dade
Street Number
560
Street Name
Michigan
Street Suffix
Avenue
City Name
Miami Beach
Municipal Code
2
State Or Province
FL
Postal Code
33139
Postal Code +4
6318
Area
2420
Parcel Number
0242030097780
Subdivision Number
9
Zoning
6503
Flood Zone
AE

Financial Information

Tax Legal Description
3-4 54 42 3-4 53 42 OCEAN BEACH ADDN NO 3 PB 2-81 E100FT OF LOT 1 BLK 98 LOT SIZE 50.000 X 100 OR 21279-3773 022003 6 COC 24635-1561 06 2006

Status Change Information

Major Change Timestamp
2026-07-20T04:00:00Z
Major Change Type
New Listing
Status Change Date
2026-07-21

More Information

Meter Information

Number Of Meters Total
Yes

Description of Unit Type 1

Unit Type
1 Bedroom
Units Total
5
Furnished
Yes

Description of Unit Type 2

Unit Type
2 Bedroom
Units Total
4
Furnished
Yes

Price Calculations

Current Price To SqFt
1049.96

Section Details

Parcel Number MLX
7780

Originating Details

Originating System Key
534471221
Originating System ID
M00000151
IDX
Listing Office: The Corcoran Group
Last Updated: July - 21 - 2026
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.

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