The Terrace Condo
The Terrace Condo is a boutique condominium at 945 Michigan Avenue in Miami Beach's Flamingo Park neighborhood, built in 2007 with just eight residences. The low-density building offers assigned covered indoor parking, impact windows and doors throughout, and two rooftop terraces for residents. It has recently completed a full round of capital improvements, including building recertification, concrete restoration, a new roof, and repainting of the interior and exterior. Set on a quiet, tree-lined block, the building sits about one block from Flamingo Park and within walking distance of Lincoln Road, Whole Foods, and the beach.
Amenities
- Assigned covered indoor parking
- Two rooftop terraces
- Impact windows and doors
- Elevator access
- Secure building
The building is located in the Flamingo Park section of South Beach, one block from Flamingo Park and within walking distance of Lincoln Road, Whole Foods, and the beach.
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Miami Beach, FL 33139
Available Residences at The Terrace Condo
2 Bedroom Condos · 1 unit
| Unit | Asking Price | Bed(s)/Bath(s) | Living Size | Price/Sq.Ft. | Days on Market |
|---|---|---|---|---|---|
| 5 | $599,000 | 2 / 2 | 976 | $614 | 0 |
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ANALYTICS
CURRENT INVENTORY
INVENTORY BY BEDROOM
- 2 Bed (1) 100%
INVENTORY TREND (ALL UNITS)
Market & Community Report
As of July 2, 2026, The Terrace Condo carries 1 active listing at an average asking price of $599K, with an average time on market of — days. Closed sales over the preceding 36 months averaged $461 per sq ft, and 0 transactions closed in the past 12 months — implying — months of supply against the current pace of absorption.
Zip code 33139 (Miami Beach) is home to 34,406 residents with a median age of 42.1. Per-capita income stands at $88,782; 55.4% hold a bachelor's degree or higher. 33.9% of units are owner-occupied; 26.7% of residents work from home.
Data current as of July 2, 2026. Market metrics derived from MLS closed sales; community data from U.S. Census ACS.
Frequently Asked Questions — The Terrace Condo
How many condos are for sale at The Terrace Condo?
As of July 2, 2026, 1 residence is actively listed for sale at The Terrace Condo. Current asking prices range from $599K to $599K. Inventory updates daily from the MLS.
How much do condos at The Terrace Condo cost?
Condos at The Terrace Condo are currently asking from $599K to $599K. Over the past 36 months, closed sales have averaged $461 per square foot. Final pricing varies by floor, line, square footage, finishes, and view.
What is the average price per square foot at The Terrace Condo?
Based on MLS closed sales over the preceding 36 months, the average sale price at The Terrace Condo is $461 per square foot. Use this as a benchmark when comparing active listings in the building.
Where is The Terrace Condo located?
The Terrace Condo is located at 945 Michigan Ave, Miami Beach, FL, 33139, in the South Beach area.
What neighborhood is The Terrace Condo in?
The Terrace Condo is in South Beach, Miami Beach. You can compare every condo building, home inventory, and price trend across South Beach on its neighborhood guide.
What amenities does The Terrace Condo offer?
The Terrace Condo amenities include Assigned covered indoor parking, Two rooftop terraces, Impact windows and doors, Elevator access, Secure building.