Atlantic Luxury Advisors
245 Michigan Ave #LP-4 photo 1245 Michigan Ave #LP-4 photo 2245 Michigan Ave #LP-4 photo 3245 Michigan Ave #LP-4 photo 4245 Michigan Ave #LP-4 photo 5

77 photos

245 Michigan Ave #LP-4

Miami Beach, FL 33139

$1,145,000
2
2
1,488 sq ft
2004
2 car
Condominium
$1,025/mo
206
Active

Listing courtesy of Douglas Elliman (Fernanda Moreno). Contact: [email protected].

About this home

Unique architectural two-story loft penthouse with a private rooftop terrace in the heart of South of Fifth (SoFi). Defined by soaring 16-foot ceilings and dramatic floor-to-ceiling impact windows, the double-height living space is filled with natural light and showcases western exposures with stunning sunset views toward Biscayne Bay. This two-bedroom, two-bathroom residence offers 1,488 sq ft of interior living space. A standout feature is the private 332 sq ft rooftop terrace, accessed separately from the main living areas, offering sweeping views of Fisher Island, the Port of Miami, and Miami Beach sunsets—ideal for entertaining or relaxing above it all. The updated kitchen features Bosch appliances, modern cabinetry, and upgraded finishes, complemented by renovated bathrooms and dual walk-in closets with custom built-ins. Built in 2004, the residence includes two assigned parking spaces, bike and motorcycle storage, and pet-friendly policies. The boutique building offers a low HOA and has completed major improvements, including a renovated pool, modernized elevators, and upgraded security. Located moments from South Pointe Park, the marina, beach access, Whole Foods, Pura Vida, cafés, and top dining, this penthouse offers a rare opportunity in one of Miami Beach’s most desirable neighborhoods.

What it costs to own
Estimated monthly payment
$9,233/mo
Principal and interest
$5,790
Property tax
$1,701
Homeowners insurance
$717
HOA
$1,025

An estimate, not a loan offer. The rate and insurance are assumptions to edit with your own quotes; Florida insurance varies widely by age, construction and distance to the coast. Flood insurance and PMI are not included.

Florida cost of ownership
Estimated property tax
$20,412/yr

Estimate: the price times the Miami-Dade County average total millage (18.49 mills, Florida Department of Revenue, 2025 average total millage by county), less the homestead exemptions. The actual bill depends on the city, the assessed value and special assessments. Save Our Homes then caps annual assessment increases at 3% or inflation, whichever is lower.

HOA
$1,025/mo (from the listing)
FEMA flood zone
Zone AE, special flood hazard area

Inside the 1% annual chance floodplain. Lenders require flood insurance on a financed home; ask for the elevation certificate.

Hurricane evacuation zone
Zone B: ordered to evacuate for Category 1 hurricanes and stronger.

Sources: FEMA National Flood Hazard Layer and the Florida Division of Emergency Management evacuation zones, looked up at the listing point. Confirm with an elevation certificate and your insurer.

Location

Listing data provided by the Southeast Florida Multiple Listing Service (MIAMI REALTORS®). The data is deemed reliable but is not guaranteed accurate by the MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and is deemed reliable but is not guaranteed accurate by the MLS. Atlantic Luxury Advisors is a real estate team at Keller Williams Realty. Payment, tax and flood figures on this page are estimates by Atlantic Luxury Advisors, not MLS data.