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Waterfront · Condominium
$689,000$710 / sqft
5900 Collins Ave # 1204, Miami Beach FL 33140
Listed
2
Bedrooms
2
Bathrooms
970 sqft
Interior
1998
Year built
$977 / mo
HOA
Condominium
Type
About this home
Experience the ultimate Miami Beach lifestyle from this completely renovated 2-bedroom, 2-bath residence featuring stunning, unobstructed ocean views from every room. Floor-to-ceiling windows fill the home with natural light and open to an expansive balcony overlooking the Atlantic. The thoughtfully updated interior features a modern kitchen with stainless steel appliances, in-unit washer and dryer, and a semi-private foyer with only two residences per floor. Includes one assigned parking space plus complimentary valet for a second vehicle. Full-service amenities include 24-hour security, heated pool, hot tub, fitness center, and multipurpose room. Ideally located directly across from the beach with convenient beach access, offering the perfect combination of comfort, privacy, and effortless Miami Beach living.
Features
- Walk-In Closet(s)
- Open Balcony
- Ocean View
Leasing
- Minimum lease
- 90 days
- Leases permitted per year
- 4
- No Daily Rentals
Leasing terms as stated in the MLS listing, not verified by us. The association’s governing documents control what is actually permitted and can change — confirm before you buy.
Location
Approximate — shows the building, not the unit.
Run the numbers
We fill in the price and the building's HOA dues. That leaves tax, insurance and maintenance — they depend on your exemptions, your insurer and the unit, so we don't guess them. Rent starts from what comparable units are asking nearby. Vacancy and the loan terms below start at common defaults; change them.
Median asking rent for 2-bed rentals in Miami Beach, from 200 active listings; the middle half ask $3,595–$10,000.That is what landlords ask, not what units let for — edit it if you know better.
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 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. We are not a lender and neither offer nor arrange financing. 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.