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Waterfront · Condominium
$575,000$836 / sqft
18683 Collins Ave # 1605, Sunny Isles Beach FL 33160
Listed
1
Bedrooms
1
Bathrooms
688 sqft
Interior
2005
Year built
$1,245 / mo
HOA
Condominium
Type
About this home
AMAZING TURN-KEY READY OCEAN-FRONT 2 BD/ 3 BTHS UNIT AVAILABLE AT MARENAS BEACH RESORT / M-RESIDENCES RESORT & SPA DIRECT UNOBSTRUCTED - BREATH-TAKING OCEAN VIEWS - WORLD-CLASS AMENITIES INLCUDING: Oceanside infinity-edge swimming pool w/cabanas and poolside bar/waterfall; direct beach access w/complimentary service-driven chair, umbrella, lounges & chairs setup available, on-site beachfront restaurant, lobby bar, room service options; full-service spa, salon, steam/sauna facilities, 24-hr concierge, front desk & valet parking services. INVESTOR-FRIENDLY: Flexible turnkey units offer flexible rentals allowing daily, weekly, monthly or seasonal rentals! - Rental Program available to owners to choose from hotel rental program or third-party self-managed leasing. Pet-friendly building w/restrictions.
Features
- Closet Cabinetry
- Pantry
- Roman Tub
- East Of Us1
- Open Balcony
- Ocean View
- Direct Ocean
Leasing
- Minimum lease
- 1 day
- Leases permitted per year
- 365
- Ok To Lease
- Okay To Lease 1st Year
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 1-bed rentals across Miami-Dade, from 200 active listings; the middle half ask $1,950–$3,495.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.