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Waterfront · Condominium
$564,000$588 / sqft
5225 Collins Ave # 1516, Miami Beach FL 33140
Listed
2
Bedrooms
2
Bathrooms
960 sqft
Interior
1962
Year built
$1,807 / mo
HOA
Condominium
Type
About this home
Excellent opportunity in Miami Beach! This 2-bedroom, 2-bathroom residence at The Alexander Condo offers 960 sq. ft. in an oceanfront building on prestigious Collins Avenue. Ideal for buyers looking for a Miami Beach residence with the flexibility to enjoy the property during their stays while also taking advantage of the building’s rental options, subject to condominium rules and regulations. Enjoy direct beach access, resort-style amenities, pools, valet parking and more. Conveniently located near dining, shopping and entertainment. A great opportunity to own a residence in Miami Beach that combines personal enjoyment with rental flexibility. Easy to show.
Features
- First Floor Entry
- Pantry
- Family Room
- Open Balcony
- Ocean View
- Skyline
- Water View
Leasing
- Minimum lease
- 1 day
- Leases permitted per year
- 365
- Daily Rentals Allowed
- 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 $3,595–$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.