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Single-family · Miami Beach · Miami-Dade County

1236 Michigan Ave, Miami Beach

Estate-sale renovation research: one 3-bedroom / 3-bath house with 2,385 living SF on a broker-reported 7,500-SF lot across from Flamingo Park. The agent markets original character and an as-is sale subject to court approval. Current asking is $1,500,000. Photos show older interiors; condition, permitted improvements, possession and the renovation budget require review. Current rental income is not established.

Recorded status: Broker page reported active; estate-sale research candidate. Checked: .

Dated listing record · recheck availability and legal unit count.

Asking price
$1,500,000

Monthly rent · Scenario: Not reported

Assumptions behind these estimates

Starting values for this brief. Change any of them in the interactive brief; your changes stay in your browser. Default values

InputValueBasis
Total scheduled rent per monthNot setNeeds your estimate
Vacancy (%)5%Matches planning allowance
Management (% of collected rent)8%Matches planning allowance
Maintenance (% of total rent)5%Matches planning allowance
Buyer annual tax assumption (% of price)1.88%Matches planning allowance
Annual insurance$8,203Matches planning allowance
Annual owner-paid utilities$1,200Matches planning allowance
Monthly HOA or condo fees$100Matches planning allowance
Other annual operating expenses$600Matches planning allowance
Capital reserves (% of total rent)3%Matches planning allowance
Down payment (%)100%Matches planning allowance
Mortgage rate (%)7%Matches planning allowance

Unit mix & possession

One individual 3-bedroom / 3-bath single-family house. Occupancy, possession and legal/permitted layout need confirmation.

Reported units
1
Reported listing area
2,385 sq ft
Reported year built
1936
Asking / reported sq ft
$629
Reported 2025 tax / year
$6,053

Historical tax is the seller’s bill; buyer taxes can change.

SIEARN TAKE

Why we’re tracking it

A $1,500,000 Miami Beach estate-sale research lead with a clear court-approval condition and renovation angle. A selling-broker archive reports 2054 Alton Rd closed at $1,650,000 in June 2026, but it has 4 bedrooms / 2 baths and 1,803 SF on a different street. That comparison does not establish a renovation margin. The next decision is whether an inspected repair budget and condition-adjusted closed sales support the price.

LISTING AGENT’S DESCRIPTION · SUMMARY

One individual 3-bedroom / 3-bath single-family house. Occupancy, possession and legal/permitted layout need confirmation.

One 3-bedroom / 3-bath house across from Flamingo Park, advertised with original character, 2,385 living SF and a 7,500-SF lot. The agent proposes renovation or a longer-term hold and explicitly describes an as-is estate sale subject to court approval.

Confirm estate authority, approval timing, possession and permitted layout; obtain a renovation and carrying-cost budget. Rent and net returns remain unquantified.

Listed by Keller Williams Capital Realty · Nordis Forcade-Martin · via Coldwell Banker · observed Nov 5, 2026Read the full agent description at Keller Williams Capital Realty ↗

View broker photos (opens broker website)

Broker info & key considerations To confirm

Estate sale · Flamingo Park · renovation research

Resolve estate authority and closing conditions, inspect the house and build a repair / carrying-cost budget against adjusted closed sales.

  • Estate sale and required court approval are broker statements. The exact estate case, authorized seller, approval procedure and closing timetable have not been independently verified.
  • Renovation, roof/systems condition, permits, insurance and carrying costs are unpriced. The reported $6,053 tax is historical 2025 tax; buyer taxes can change.
  • The selling-broker archive reports 2054 Alton Rd closed for $1,650,000 in June 2026: 4 bedrooms, 2 bathrooms and 1,803 SF. It differs in street, size and layout; its condition, lot and closing obligations are not matched. The $150,000 asking gap does not establish an after-repair value or profit.
  • Exact-MLS gallery reviewed; broker photos are linked externally pending display rights. Aerial outlines are broker illustrations, not verified parcel boundaries.
Source evidence and diligence

Financial figures observed Nov 5, 2026. Reported income is not audited collections. Editable estimates, financing and saved assumptions are separate from these source facts.

Gross rental yield basis

Needs supported whole-property rent or your rent assumption and a positive asking price. Unknown rent is not zero.

Sources

Questions to resolve

  • Confirm the estate case, seller authority, court-approval steps, title and possession before selecting a closing timetable.
  • Obtain inspections, legal-layout and permit records, then price renovation, roof/systems work, insurance, carrying and transaction costs.
  • Compare nearby closed houses by condition, lot, street position and permitted living area before setting a target purchase price.
  • Confirm rental rules and lawful use if considering a rental strategy; obtain actual lease/collection evidence if occupancy is claimed.
How siEarn separates facts, estimates and unknowns

Similar properties

Florida property research

Research scope includes Miami-Dade, Broward, the Florida Keys and Flagler County. Published observations vary by market.

[1] Gross yield excludes costs and financing. Source figures are unverified; estimates use editable assumptions. Check current listing availability. County records are separate from listings. Saves stay in this browser; export a backup before clearing site data. Sources & methods