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Waterfront · Condominium
$1,050,000$366 / sqft
5500 Collins Ave # 304, Miami Beach FL 33140
Listed
3
Bedrooms
4
Bathrooms
2,868 sqft
Interior
1974
Year built
$3,490 / mo
HOA
Condominium
Type
About this home
Corner unit in immaculate condition showcasing beautiful millwork, rich wood, and a Retro Miami Glam style, with stunning Intracoastal views overlooking the pool. The spacious living area opens to the wraparound balcony and flows into the dining room and kitchen, all capturing water views. Just off the kitchen is an in-unit washer and dryer, and a generous library/den with a wet bar adds great flexibility. The primary suite offers two walk-in closets and dual bathrooms, while the second bedroom features its own ensuite bath, along with a separate powder room for guests. Additional private storage is located outside the front door. The building features outstanding amenities, including a waterfront pool, tennis courts, a club room, gym, sauna, and an on-site restaurant.
Features
- Walk-In Closet(s)
- Courtyard
- Open Balcony
- Canal
Leasing
- Minimum lease
- 1,826 days
- Leases permitted per year
- 1
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. Open in maps
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 3-bed rentals in Miami Beach, from 95 active listings; the middle half ask $9,200–$40,000.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.