1551 Condo, also known as Lincoln Place Condo, is a condominium community located at 1551 Michigan Avenue in the vibrant South Beach neighborhood of Miami Beach, Florida 33139. Built in 1954, this mid-century building houses approximately 68 units ranging from studios to 2-bedroom residences, typically between 370 and 820 square feet. The community offers a convenient urban lifestyle just steps from Lincoln Road Mall, the beach, shops, restaurants, and entertainment.
HOA Fees and Financial Obligations HOA fees vary by unit size and configuration, commonly ranging from $240 to $778 per month based on recent listings. These fees typically cover maintenance of common areas, building insurance, water, trash, and access to amenities like the pool. Specific assessments or reserve contributions may apply; buyers should review the latest financial statements and budget during due diligence.
Rules and Regulations As a standard Florida condominium, the association enforces rules regarding pets (generally allowed with restrictions), rentals, parking, and alterations to units. The property maintains a smoke-free policy in common areas. Prospective residents should obtain the full governing documents, including bylaws and house rules, from the management company.
Community Amenities and Lifestyle Residents enjoy a community swimming pool, fitness center, BBQ area, rooftop deck, covered parking, and laundry facilities. The location provides easy access to South Beach's cultural and recreational offerings, fostering an active, walkable lifestyle.
Notable Aspects The building underwent renovations around 2007, preserving its artistic character while adding modern updates like impact-resistant windows. It is a pet-friendly community with security features. The association is registered as 1551 Condominium Association, Inc.