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Waterfront · Condominium
$642,000$414 / sqft
5401 Collins Ave # 334, Miami Beach FL 33140
Listed
2
Bedrooms
2
Bathrooms
1,550 sqft
Interior
1967
Year built
$1,750 / mo
HOA
Condominium
Type
About this home
Beautifully renovated 2-bedroom, 2-bath residence offering 1,550 SF of bright, open living space at The Carriage House on Millionaire's Row. This move-in-ready home features impact windows, marble and tile flooring, a remodeled kitchen and bathrooms, an in-unit washer and dryer, and an expansive open layout. Does not have a balcony. Includes one assigned garage parking space and then has valet parking. The building offers exceptional resort-style amenities including direct beach access, oceanfront pool with cabanas, fitness center, tennis and racquetball courts, beauty salon, mini market, dry cleaning/tailoring services, and 24-hour security and concierge. Condo fees include all utilities: electricity, water, sewer, trash, internet/Wi-Fi, and cable—providing outstanding value. The building also boasts a strong reserve fund and has completed its 50-year certification for added peace of mind. A boat slip is also available for purchase separately. Ideally located just minutes from Bal Harbour, South Beach, dining, shopping, and entertainment. Luxury oceanfront living with unmatched convenience.
Features
- Interior Hall
- Lobby
- Elevator
- Walk-In Closet(s)
- Tennis Court(s)
- Direct Ocean
- Water View
Leasing
- Minimum lease
- 180 days
- Leases permitted per 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 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.