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Waterfront · Condominium
$345,000$605 / sqft

5401 Collins Ave # 1022, Miami Beach FL 33140

0
Bedrooms
1
Bathrooms
570 sqft
Interior
1967
Year built
$1,147 / mo
HOA
Condominium
Type

About this home

Studio located on iconic Millionaire’s Row in Miami Beach. Enjoy breathtaking Intracoastal views from your private balcony along with direct beach and boardwalk access. This unit offers exceptional value with electricity, water, cable, and internet included in the monthly maintenance fee. The Carriage House is a full-service oceanfront building featuring resort-style amenities including an Olympic-size beachfront pool with towel service, ocean-view fitness center, tennis, racquetball and basketball courts, marina, onsite restaurant, beauty salon, mini-market, valet, covered parking, and 24-hour security. Perfect for investors or end-users seeking prime Miami Beach living, convenience, and long-term value. Easy to show.

Features

  • Walk-In Closet(s)
  • None
  • Ocean View
  • Direct Ocean
  • Water View

Location

Approximate — shows the building, not the unit. Open in maps (opens in a new tab)

Estimated loan & HOA

$2,892

Loan payment and HOA only. Property tax and insurance are significant here and are not included.

Principal & interest
$1,745
HOA
$1,147 / mo

Illustration only — not a loan offer, quote, or commitment. Assumes a 30-year loan at 6.5% with 20% down (rates as of July 2026); your actual terms will differ.

Schedule a tour

Request a private or video tour with a local agent.

Courtesy of
New Way Realty Group

Run the numbers

We fill in the price and the building's HOA dues. That leaves rent, tax, insurance and maintenance — they depend on your exemptions, your insurer and the unit, so we don't guess them. Vacancy and the loan terms below start at common defaults; change them.

Our default, not a market figure
From the listing
Depends on assessed value & exemptions
Varies widely by building
Repairs, turnover, management

Cap rate
Cash-on-cash
Monthly cash flow
Net operating income

Enter rent, property tax, insurance, maintenance to see the returns. A cap rate calculated without every cost overstates the deal — often by half — so we don't show a partial one.

Illustration only — not a loan offer, quote, or investment advice. The loan fields start at 20% down over 30 years at 6.5% (rates as of July 2026); that is a nominal rate for illustration, not an APR, and your actual terms will differ. Cap rate is unlevered; cash-on-cash counts the down payment as invested capital and excludes closing costs.

Listing data from the MIAMI Association of REALTORS® (MIAMIRE) IDX program. Information deemed reliable but not guaranteed. Demo data shown for layout purposes.