1551 Michigan Ave # 12, Miami Beach FL 33139
About this home
Enjoy the convenience of South Beach living from this well-designed 1-bedroom, 1-bath residence at Lincoln Place Condo. The second-floor unit features an open kitchen with breakfast bar, an open living and dining area, central A/C, in-unit washer and dryer, dishwasher. Located within a gated boutique building just steps from Lincoln Road, the residence offers convenient access to shopping, restaurants, Flamingo Park, entertainment, and the beach. A practical option for a primary residence, Miami Beach getaway, or investment property in one of South Beach’s most walkable locations.
Features
- Second Floor Entry
- Exterior Cat Walk
- None
Location
Approximate — shows the building, not the unit. Open in maps (opens in a new tab)
Estimated loan & HOA
Loan payment and HOA only. Property tax and insurance are significant here and are not included.
- Principal & interest
- $1,289
- HOA
- $370 / mo
Illustration only — not a loan offer, quote, or commitment. Assumes a 30-year loan at 6.5% with 20% down (rates as of July 2026); your actual terms will differ.
Schedule a tour
Request a private or video tour with a local agent.
Run the numbers
We fill in the price and the building's HOA dues. That leaves rent, tax, insurance and maintenance — they depend on your exemptions, your insurer and the unit, so we don't guess them. Vacancy and the loan terms below start at common defaults; change them.
Enter rent, property tax, insurance, maintenance to see the returns. A cap rate calculated without every cost overstates the deal — often by half — so we don't show a partial one.
Illustration only — not a loan offer, quote, or investment advice. The loan fields start at 20% down over 30 years at 6.5% (rates as of July 2026); that is a nominal rate for illustration, not an APR, and your actual terms will differ. Cap rate is unlevered; cash-on-cash counts the down payment as invested capital and excludes closing costs.
Listing data from the MIAMI Association of REALTORS® (MIAMIRE) IDX program. Information deemed reliable but not guaranteed. Demo data shown for layout purposes.