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Condominium
$690,000$535 / sqft
5601 Collins Avenue # 816, Miami Beach FL 33140
Listed
2
Bedrooms
2
Bathrooms
1,290 sqft
Interior
1968
Year built
$1,640 / mo
HOA
Condominium
Type
About this home
Welcome to this thoughtfully designed two-bedroom, two-bathroom condominium located in The Pavilion Condo in Miami Beach, FL. This residence features 1,290 square feet of finished living space, offering comfortable proportions for contemporary living. The unit includes one garage stall, providing convenient parking and storage solutions. Situated within an established condominium community, this property presents a straightforward opportunity for those seeking residential real estate in Miami Beach. Special Assessment $275.38 Expires 10/2028 Special Assessment $352.45 Expires 07/2038 Special Assessment $237.82 Expires 12/2039
Features
- Elevator
- French Doors
- Walk-In Closet(s)
- Utility Room/Laundry
- Open Balcony
- Intracoastal View
Location
Approximate — shows the building, not the unit. Open in maps (opens in a new tab)
Estimated loan & HOA
$5,129
Loan payment and HOA only. Property tax and insurance are significant here and are included.
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.