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Waterfront · Condominium
$498,000$418 / sqft
5600 E Collins Ave # 5B, Miami Beach FL 33140
Listed
2
Bedrooms
2
Bathrooms
1,190 sqft
Interior
1967
Year built
$1,455 / mo
HOA
Condominium
Type
About this home
Spacious 2-bedroom, 2-bathroom residence at 5600 Collins Ave #5B, offering 1,190 sq. ft. on Miami Beach’s prestigious Millionaire’s Row. This well designed layout features elegant wood floors, a modern kitchen with updated appliances, and an in unit washer and dryer. Impact windows in the bedrooms and a large private balcony offer comfort, peace of mind, and effortless indoor outdoor living. 5600 Collins is a full service waterfront building featuring marina access, a heated pool, fitness center, spa, on site restaurant, and a recently renovated lobby. The comprehensive maintenance fee includes cable, high-speed internet, water, and air conditioning. Offering exceptional versatility, the pet friendly building features a flexible rental policy allowing 30 day minimum stays, seasonal leases, or annual rentals. Whether you are seeking a primary residence, a seasonal getaway, or a high performing investment property, this turnkey condo delivers. Prime location directly across from the beach with seamless access to the oceanfront boardwalk.
Features
- Interior Hall
- Lobby
- First Floor Entry
- Walk-In Closet(s)
- Barbeque
- Courtyard
- Open Balcony
- Ocean View
- Other View
Leasing
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.