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Waterfront · Condominium
$570,000$509 / sqft
5401 Collins Ave # 107, Miami Beach FL 33140
Listed
2
Bedrooms
2
Bathrooms
1,120 sqft
Interior
1967
Year built
$1,700 / mo
HOA
Condominium
Type
About this home
Experience oceanfront living on Miami Beach’s prestigious Millionaire’s Row at The Carriage House. This spacious 2-bedroom, 2-bath residence features a split floor plan, ocean views from the largest balcony line in the building—creating an exceptional outdoor living space for relaxing, entertaining, and enjoying the ocean views. A tremendous value for buyers, all current special assessments totaling over $70,000 will be paid in full by the seller, providing a clean financial slate from day one. The residence features hurricane-impact windows, recessed lighting, floor-to-ceiling sliding glass doors connecting both the living room and primary suite to the expansive balcony, a walk-in closet, and updated bathrooms featuring floor-to-ceiling marble tile & stone countertops. The convenient first-floor location offers effortless access to the beach, pool, gym, tennis courts & other resort-style amenities without relying on elevators. Residents enjoy direct beach and boardwalk access, oceanfront pool and jacuzzi, complimentary pool and beach service, ocean-view gym, tennis, racquetball, basketball, valet, on-site restaurant, convenience store, BBQ area, 24-hour concierge & security and a synagogue. Ideally located in the heart of Miami Beach, just minutes from world-class dining, shopping, entertainment, Bal Harbour & South Beach. Don’t miss this opportunity & schedule your private showing today.
Features
- First Floor Entry
- Custom Mirrors
- Shabbat Elevator
- Pantry
- Split Bedroom
- Walk-In Closet(s)
- Open Balcony
- Tennis Court(s)
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 $3,600–$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.