Verified 17 August 2026Miami-Dade County Property Appraiser1 source
Building facts
- Address
- 227 Michigan Ave
- Year built
- 2000
- Residences
- 28
- Status
- Delivered — completed 2000
Key Takeaways
- No qualified sales are recorded at The Ambassadors so far in 2026.
- Only 28 residences at 227 Michigan Avenue, with no commercial folios — one of the smallest buildings in this series.
- The mix is 20 two-bedrooms and eight one-bedrooms, median 955 square feet across a 620–1,250 range.
- The 2026 median assessed value is $499,206.
- Six qualified sales in four years total — two, three, one, and none.
- Per-foot pricing has sat in a $640–$710 band throughout, without a clear direction.
227 Michigan Avenue, Miami, Florida | Neighborhood: Miami Beach
A 28-home building in South Beach
Counted against the Miami-Dade County Property Appraiser record on 17 August 2026, The Ambassadors returns 28 folios, all residential, with no commercial folios at all.
The mix is 20 two-bedrooms and eight one-bedrooms — no studios, nothing larger — with heated area from 620 to 1,250 square feet and a median of 955. The median assessed value is $499,206, placing it mid-market for Miami Beach: well above King Cole’s $276,206, well below the Belle Isle trophy stock.
A 28-home building means a small association and a small number of owners making decisions together. It also means that in any given year, the chance of a home like yours coming up for sale — or of a buyer appearing when you want to sell — is low.
Six sales in four years
Qualified sales from the county record — arm’s-length only.
| Year | Qualified sales | Median price | Median $/sq ft |
|---|---|---|---|
| 2023 | 2 | $652,500 | $640 |
| 2024 | 3 | $440,000 | $710 |
| 2025 | 1 | $750,000 | $664 |
| 2026 to date | No qualified sales recorded | ||
Six qualified sales in four years, and none at all so far in 2026. Most pages would omit that last fact; it is the single most practical thing an owner or buyer here needs to know.
It does not indicate a problem with the building. There is nothing in the public record suggesting distress, and per-foot pricing has been consistent — $640, $710, $664, a band of roughly 10% with no downward drift. What it indicates is simply that a 28-home building produces very little inventory.
Note how the two columns disagree in 2024: the median price fell to $440,000 while per-foot pricing rose to $710. That is three sales of smaller homes, nothing more. In buildings this small, the median sale price is close to meaningless and the per-foot figure is the only measure worth reading.
County records also lag recorded deeds, so a 2026 sale may still appear.
Who this building suits
This suits a buyer who wants a small, quiet Miami Beach building at a mid-market price and intends to hold. Per-foot values have been stable for four years, which is more than many larger buildings can say.
It suits anyone who might need to move quickly poorly. With an average of 1.5 qualified sales a year, an exit here is measured in seasons rather than weeks.
If you are selling, there are no current in-building comparables — get an appraisal and price from the wider South Beach market. If you are buying, the absence of any 2026 trade is real leverage, and worth using.
The Ambassadors — Frequently Asked Questions
How many units are in The Ambassadors?
The Miami-Dade County Property Appraiser records 28 folios at 227 Michigan Avenue, all residential. There are no commercial folios.
Have any homes sold at The Ambassadors in 2026?
No qualified arm’s-length sale appears on the county record for this building so far in 2026. County records lag recorded deeds, so one may yet appear, but as of 17 August 2026 there are none.
What do condos at The Ambassadors sell for?
The most recent recorded sale was in 2025 at $750,000 and $664 per square foot. Per-foot pricing has held in a $640 to $710 band across the four-year record.
What size are the residences?
Heated area runs from 620 to 1,250 square feet with a median of 955. The mix is 20 two-bedrooms and eight one-bedrooms — there are no studios and nothing larger.
Why did the median price fall in 2024 while price per square foot rose?
Because the three homes that sold that year were smaller. In a 28-unit building with only a few sales a year, the median sale price reflects which homes happened to trade rather than the value of the building — the per-foot figure is the more reliable measure.
Is something wrong with the building?
Nothing in the public record indicates distress. Per-foot pricing has been stable across four years. The low transaction count reflects the building’s size — 28 homes simply do not generate much inventory.
Sources and further reading
Interested in selling at The Ambassadors?
Learn more about selling your condo at The Ambassadors in Miami Beach with Josh Stein.
Thinking about The Ambassadors?
I have sold South Florida property since 2002, more than $1 billion of it. Ask me for the recorded declaration, what has genuinely closed, or a straight answer on whether this building fits what you are after.
Josh Stein · Florida real estate sales associate, license SL3057661 · (305) 695-8257 · hello@joshsteinrealtor.comRelated coverage
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