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Waterfront · Condominium
$450,000$467 / sqft
5005 Collins Ave # 825, Miami Beach FL 33140
Listed
1
Bedrooms
1
Bathrooms
964 sqft
Interior
1964
Year built
$1,467 / mo
HOA
Condominium
Type
About this home
Experience the best of beachfront living on iconic Collins Avenue, also known as Millionaire’s Row. This beautifully updated 2-bedroom, 2-bath residence offers breathtaking ocean views and a refined interior featuring sleek porcelain floors throughout, quartz countertops, and a contemporary kitchen equipped with stainless steel appliances. The building has successfully completed both its 40-year and 50-year recertifications, ensuring exceptional structural integrity and long-term peace of mind. Residents enjoy an impressive array of amenities, including a state-of-the-art gym, on-site restaurant, coffee lounge, resort-style pool, Jacuzzi, and full beach service. With direct access to the Miami Beach and South Beach boardwalk, the lifestyle here is truly unmatched. A Shabbat elevator is also available for added convenience. Unit has no balcony.
Features
- Elevator
- East Of Us1
- Ocean View
Leasing
- Minimum lease
- 30 days
- Leases permitted per year
- 2
- Ok To Lease
Leasing terms as stated in the MLS listing, not verified by us. The association’s governing documents control what is actually permitted and can change — confirm before you buy.
Location
Approximate — shows the building, not the unit.
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 in Miami Beach, from 200 active listings; the middle half ask $2,350–$4,500.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.