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Waterfront · Condominium
$545,000$562 / sqft
5900 Collins Ave # 404, Miami Beach FL 33140
Listed
2
Bedrooms
2
Bathrooms
970 sqft
Interior
1998
Year built
$1,781 / mo
HOA
Condominium
Type
About this home
Well-maintained property with an owner who clearly values quality, attention to detail, and excellent upkeep. The unit has been freshly painted, The living room and bedrooms offer direct balcony access with beautiful views, creating a bright and relaxing atmosphere throughout the home. The two spacious bedrooms provide both comfort and privacy, making the unit ideal for peaceful everyday living. The master bathroom features a private jacuzzi. The building’s common areas are truly impressive. Residents enjoy 24-hour security and package room for added convenience. There are multiple lounge areas with stunning water views, as well as an indoor entertainment room equipped with a full kitchen, TV, sofas, tables, and a private bathroom — ideal for hosting guests or small gatherings. The pool deck is a true highlight, featuring a heated pool, spa, fully equipped kitchen, seating areas, private restroom, and breathtaking waterfront views where you can watch boats pass by while relaxing in style. No parking headaches here, includes one assigned parking space — valet service is aslo available for both residents and guests. All Special Assessments are paid in full!
Features
- Lobby
- Elevator
- Fire Sprinklers
- Laundry Tub
- Walk-In Closet(s)
- Barbeque
- Open Balcony
- Ocean View
Leasing
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.