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Waterfront · Condominium
$1,200,000$1,154 / sqft
5161 Collins Ave # 1508, Miami Beach FL 33140
Listed
2
Bedrooms
2
Bathrooms
1,040 sqft
Interior
1966
Year built
$1,069 / mo
HOA
Condominium
Type
About this home
Stunning 2-bedroom, 2-bathroom condo in Miami Beach offering breathtaking views day and night from both bedrooms and the living area. This fully renovated unit features a spacious primary suite with a walk-in closet and a generous, open living space perfect for relaxing or entertaining. Located in the iconic Seacoast on Millionaire’s Row, designed by renowned architect Morris Lapidus, residents enjoy resort-style amenities including an on-site convenience store, fitness center, hair salon, library, ballroom, poolside tiki bar, hot tub, and direct beach access with complimentary chairs and umbrellas, along with a scenic boardwalk. A brand-new pool and deck area is currently under construction and expected to be completed this summer. Valet available along with 1 assigned parking space in the garage. Maintenance includes A/C, hot water, cable, internet, security, and beach service. 40- and 50-year recertifications completed. Offered furnished with very high-end furniture or unfurnished, this is an outstanding opportunity to own a move-in ready oceanfront condo in one of Miami Beach’s most recognized buildings with 30-day rentals allowed.
Features
- Lobby
- Split Bedroom
- Walk-In Closet(s)
- Open Balcony
- Water View
Leasing
- Minimum lease
- 30 days
- Leases permitted per year
- 12
- Ok To Lease
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.