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Waterfront · Condominium
$5,499,000$1,511 / sqft
5959 COLLINS Avenue # 1203, Miami Beach FL 33140
Listed
4
Bedrooms
3,640 sqft
Interior
2005
Year built
$3,696 / mo
HOA
Condominium
Type
About this home
This residence offers bold contemporary coastal living w its spacious open layout, unobstrcted ocean views & modern architectural detail. A private elevator opens to a double-door foyer leading to an oceanfront great room w floor-to-ceiling glass. Chef's kitchen features sleek custom cabinetry, Sub-Zero & Miele appliances & oversized island. All 4 bedrooms are ensuite, including a primary suite retreat with dual walkin closets, a spa-like enclosed shower. A spacious family/media room, designer powder room, private laundry & wraparound terraces complete the thoughtful layout. Bath Club is a full-service concierge building adjoining Miami's oldest & most exclusive private beach & social club offering a quiet luxurious lifestyle inspired by "old miami". Information & terms contained in this listing do not constitute representations or warranties by the seller, broker or agent, all of which are expressly disclaimed. Deal terms subject to execution of a mutually acceptable purchase agreement between the parties.
Features
- Interior Hall
- Lobby
- Bar
- Closet Cabinetry
- Cooking Island
- Elevator
- Fire Sprinklers
- Entrance Foyer
- Walk-In Closet(s)
- East Of Us1
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 4-bed rentals in Miami Beach, from 13 active listings; the middle half ask $35,000–$55,000.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.