$5,600,000

560 MICHIGAN AVE, MIAMI BEACH, FL 33139

0 baths2 to 4 unitsBuilt 1937
Updated today, November 3, 2026

This home against Miami Beach

42 days on the market
$61,192 in property taxes (2025)

Miami Beach today: 1,858 homes for sale, median list price $659,000.

About this home

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 ask us for proposed design renderings.

Zoned schools

Elementary: Miami Beach South Pointe Elementary School
Middle: Miami Beach Nautilus Middle School
High: Miami Beach Senior High School

From Miami-Dade County Public Schools attendance zones.

Near this home

Park: Polo Park, 0.9 mi
Beach: Miami Beach, 1.6 mi
Grocery: Publix, 1.1 mi

Distances from the center of MIAMI BEACH.

Listing courtesy of The Corcoran Group. MLS# A12094992.

Listing information is provided by the MLS and is deemed reliable but not guaranteed.

Listed September 22, 2026.

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