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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. This approximately 720-square-foot, 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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