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Waterfront · Condominium
$20,900,000
5333 Collins Ave # 1506, Miami Beach FL 33140
Listed
4
Bedrooms
6
Bathrooms
— sqft
Interior
2026
Year built
$10,646 / mo
HOA
Condominium
Type
About this home
Experience ultra-luxury coastal living at The Perigon, an exclusive private enclave on Miami Beach's most peaceful stretch of sand, designed by three global icons. Unit 1506 is an expansive residence offering 4,784 square feet of meticulously crafted interior space featuring 4 bedrooms and 5.5 bathrooms, perfectly positioned to deliver breathtaking views and seamless indoor-outdoor flow. The gourmet chef's kitchen comes fully equipped with premium Wolf and Sub-Zero appliances, gas cooking, and elegant stone countertops. Designed for ultimate personalization, this residence allows buyers to select their preferred kitchen cabinets, flooring options, and custom closet build-outs, with final options subject to developer inventory availability. Residents enjoy unmatched privacy and elite white-glove service, complemented by flexible parking choices featuring either self-parking or valet service at the owner's discretion. The Perigon provides world-class amenities in a truly matchless setting, creating an extraordinary lifestyle opportunity on the Miami Beach coastline. Contact us today for more details or to schedule your private tour of this magnificent home.
Features
- Lobby
- First Floor Entry
- Walk-In Closet(s)
- Bay
- Canal
- Intracoastal View
Leasing
- Minimum lease
- 181 days
- Leases permitted per year
- 2
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.