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LINCOLN ROAD VILLAS CONDO 1605-3
#MLS: A12068236
$ 290 000
Listing date08/10/2026
CityMiami Beach, FL 33139
Address1605 Lenox Ave, #1605-3
Area714 sqft
Tax/year$ 4 529
HOA$900/Monthly
Built year1940
Bedrooms1
Bathrooms2

Unique Miami Beach condo for sale just steps from Lincoln Road in the gated Lincoln Road Villas. SELLER CAN PAY CLOSING COSTS. This 720 sf, first-floor corner residence offers one bedroom plus den, two full bathrooms, two independent entrances, central A/C and exceptional layout flexibility. Recent improvements include new flooring and impact windows. The updated kitchen features granite countertops, stainless-steel appliances and gas cooking, while both bathrooms offer stone finishes and walk-in showers. The double-entry configuration and two existing bathrooms may allow the property to be reconfigured into a studio and a separate one-bedroom suiteideal for multigenerational living, owner-and-guest privacy, a home office or a long-term rental strategy, subject to condominium, City of Miami Beach and permitting approval. The condominium reports approximately 15% reserves, and the buildings 40-year recertification has been completed. A rare South Beach real estate opportunity combining Art Deco character, a lush tropical courtyard, gated entry and direct ground-floor access. Offered at 290,000 for a cash purchase. A lease-option is also available at 4,000 per month for 24 months, with 96,000 credited toward the 320,000 option purchase price and a final balloon payment of 224,000. Buyer must independently verify all financial information, approvals, permits, reserves and lease-option terms. In the HOA fee are included insurance w/wind. reserves water sewer and internet.

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