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Waterfront · Condominium
$1,240,000$1,127 / sqft
4779 Collins Ave # 1206, Miami Beach FL 33140
Listed
1
Bedrooms
2
Bathrooms
1,100 sqft
Interior
2000
Year built
$1,533 / mo
HOA
Condominium
Type
About this home
Spectacular and spacious 1-bedroom + den, 2-bath residence at the prestigious Blue Diamond Condominium. The large and highly desirable floor plan features a versatile den currently converted into a second bedroom. This residence showcases stunning white porcelain flooring throughout, creating a bright and elegant ambiance. The expansive primary suite offers direct access to the terrace, a spacious walk-in closet, and a large en-suite bathroom with jacuzzi tub, separate shower, and dual vanity areas. The open living and dining areas flow seamlessly to the oversized terrace where breathtaking views of the Intracoastal, Miami skyline, and lush surroundings create the perfect backdrop for relaxing or entertaining. Floor-to-ceiling glass windows fill the residence with natural light, while electric shades throughout provide comfort and convenience. The primary bedroom is enhanced with custom designer drapery that add softness and sophistication. Blue Diamond offers premier oceanfront living with resort-style amenities, including beach service, fitness center, spa, tennis, pickleball, café, valet, security and more. Ideally located in Mid-Miami Beach, minutes from Bal Harbour, South Beach, dining, shopping, and entertainment.
Features
- Closet Cabinetry
- Walk-In Closet(s)
- Den/Library/Office
- Open Balcony
- Bay
- Intracoastal View
- Other View
- Skyline
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 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.