1559 MICHIGAN AVE 204, Miami Beach, FL 33139

1559 MICHIGAN AVE 204, Miami Beach, FL 33139 is a 2-bedroom, 2-bathroom residential - total value : condominium - residential built in 1925 with 742 square feet of living space. The property is currently owned by CKB PROPERTY I LLC, recorded as of 2026-03-29. The mailing address differs from the property address, suggesting this may be an investment property or rental.

The most recent sale was on 2010-04-09 for $180,000, when LAUREN ALBRECHT sold to CKB PROPERTY I LLC. The property sold for $40,000 less than the prior sale of $220,000 on 2004-05-01. The 2025 assessed value is $223,608 with a market value of $309,120.

The assessed value increased 10% from $203,280 in 2024. This property is located in FEMA Flood Zone AE, a Special Flood Hazard Area with a 1% annual chance of flooding (100-year floodplain). Flood insurance is typically required by lenders for properties in this zone.

The median household income in this area is $41,263, and the median home value is $450,000. The population density is 13,556 people per square mile. 1559 MICHIGAN AVE 204, Miami Beach, FL 33139 is located in Miami Beach, Florida.

Property records, tax assessments, sales history, and ownership information for this Miami Beach property are sourced from miami_dade County public records. The complete ownership history of this property spans from 2004 to 2010, with 2 recorded transactions in the public record. The current assessed value represents 124% of the most recent sale price.

This high ratio could indicate the property was purchased below market value — a potential sign of a distressed sale or off-market deal. Based on the most recent sale, this property traded at $243 per square foot — a key metric for comparing value across Miami Beach's real estate market..