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5225 Collins Ave # 1606, Miami Beach FL 33140
About this home
Excellent Opportunity at a beachfront resort-style property. This beautifully updated 2-bedroom, 2-bath on the 16th floor offers ocean views from both bedrooms and the private balcony. Daily rentals are permitted, and a hotel rental program is available for added convenience. Located just steps from the beach, owners and guests enjoy a full range of resort amenities, including two swimming pools, poolside bar service, restaurant, café, wine shop, valet parking, and 24-hour security. Association fees include electricity, A/C, cable TV, Wi-Fi, pest control, valet parking, security, and more.
Features
- Interior Hall
- Lobby
- First Floor Entry
- Closet Cabinetry
- Elevator
- Walk-In Closet(s)
- Open Balcony
- Canal
- Ocean View
- Direct Ocean
Location
Approximate — shows the building, not the unit. Open in maps (opens in a new tab)
Estimated loan & HOA
Loan payment and HOA only. Property tax and insurance are significant here and are not included.
- Principal & interest
- $2,781
- HOA
- $1,808 / mo
Illustration only — not a loan offer, quote, or commitment. Assumes a 30-year loan at 6.5% with 20% down (rates as of July 2026); your actual terms will differ.
Schedule a tour
Request a private or video tour with a local agent.
Run the numbers
We fill in the price and the building's HOA dues. That leaves rent, tax, insurance and maintenance — they depend on your exemptions, your insurer and the unit, so we don't guess them. Vacancy and the loan terms below start at common defaults; change them.
Enter rent, 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. 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.