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Waterfront · Condominium
$600,000$583 / sqft
5161 Collins Avenue # 515, Miami Beach FL 33140
Listed
2
Bedrooms
2
Bathrooms
1,030 sqft
Interior
1966
Year built
$1,057 / mo
HOA
Condominium
Type
About this home
SEACOAST 5151 – MILLIONAIRE’S ROW! Fantastic opportunity to own a 2-bedroom, 2-bath residence on the 5th floor with spectacular DIRECT OCEAN VIEWS overlooking the tropical pool deck! Laminate wood flooring throughout. Bring your vision and transform this residence into your dream oceanfront retreat. Enjoy the Miami Beach lifestyle with amenities including valet parking, security, mini-market, fitness center, tiki bar, jacuzzi, beach club with chairs and umbrellas, and beauty salon. Ideally located on 51st Street, with convenient access to the Miami Beach Beachwalk for seaside strolls and enjoying the oceanfront lifestyle. The pool is currently under construction, with anticipated completion in December 2026. GREAT PRICE! FIRM PRICE. CASH ONLY.
Features
- First Floor Entry
- Custom Mirrors
- Fire Sprinklers
- Split Bedroom
- Walk-In Closet(s)
- Open Balcony
- Direct Ocean
- Pool Area View
Leasing
- Minimum lease
- 30 days
- Leases permitted per year
- 12
- Ok To Lease
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 $3,600–$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.