5255 Collins Ave, Miami Beach FL 33140
About this home
This extraordinary direct oceanfront penthouse offers a scale, position, and level of opportunity rarely available in today's market. 6,584 sf of interior living space and 2,884 sf of terraces with uninterrupted Atlantic Ocean views to the east and sunset vistas over Indian Creek and the Miami skyline to the west. This penthouse lives like a private oceanfront estate in the sky. Expansive entertaining spaces, oversized bedroom suites, and floor-to-ceiling exposures create a dramatic canvas craft one of Miami Beach's truly iconic residences. Fully permitted design plans are included, offering a seamless path to modernization and customization while preserving the property's rare scale and irreplaceable footprint. The residence is situated within one of Mid-Beach's most substantial oceanfront enclaves, spanning multiple beachfront acres along a coveted stretch bordered by the Atlantic Ocean and Indian Creek. The building is nearing completion of an extensive transformation tied to its 40/50-year recertification, enhancing the property's long-term quality, safety, and stature. Recent upgrades to the residence itself include brand-new hurricane-impact windows throughout. Enjoy a full-service lifestyle with 24h concierge and valet, a designed pool deck, fitness center, cabanas, outdoor entertaining areas, and private beach access with dedicated beach service. Maintenance includes all utilities. The offering also includes same-floor storage and two assigned garage parking spaces.
Features
- First Floor Entry
- Built-in Features
- Closet Cabinetry
- Vaulted Ceiling(s)
- Walk-In Closet(s)
- Den/Library/Office
- Family Room
- Storage
- Utility Room/Laundry
- Open Balcony
- Bay
- Canal
- Ocean View
- Direct Ocean
- Skyline
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
- $19,670
- HOA
- $7,482 / 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
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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.