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Condominium
$349,000$485 / sqft
720 Collins Ave # 704, Miami Beach FL 33139
Listed
1
Bedrooms
1
Bathrooms
720 sqft
Interior
1972
Year built
$643 / mo
HOA
Condominium
Type
About this home
Discover an unbeatable South Beach lifestyle at 720 Collins Avenue, Unit 704 — an oversized 1-bed, 1-bath condo offering approx. 720 SF of living space in the desirable Collins Towers Condo. Ideally located just one block from the beach and Ocean Drive, this bright residence features generous living and dining areas, private terrace with ocean views, walk-in closet, and assigned parking included. The updated kitchen offers granite countertops and ample cabinet space, while ceramic tile floors flow throughout. Building amenities include a fitness center, secure lobby, updated elevator, storage, and FREE laundry. HOA includes gas, internet, cable, parking, and building insurance. Steps to the beach, world-class dining, shopping, Flamingo Park, Española Way, and Lincoln Road. Ideal as a primary residence, second home, or investment property. Investors welcome. Rare opportunity in the heart of South Beach. One of the best kept buildings in SOBE. A rare find so close to the beach! This is a very clean and nice unit. 50-year Recertification Completed. Board of Directors are great! Building and grounds are very-very clean.
Features
- Lobby
- Walk-In Closet(s)
- East Of Us1
- Other
- Ocean View
- Other View
- Skyline
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 1-bed rentals in Miami Beach, from 200 active listings; the middle half ask $2,300–$3,850.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.