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Waterfront · Condominium
$398,000$423 / sqft
5005 Collins Ave # 504, Miami Beach FL 33140
Listed
1
Bedrooms
1
Bathrooms
942 sqft
Interior
1964
Year built
$1,467 / mo
HOA
Condominium
Type
About this home
OPPORTUNITY TO OWN WITH SPECTACULAR OCEANFRONT LARGE 1 BEDROOM & 1 BATHROOM, 942 SF, WITH ASHTONISHING WATER VIEWS. Building is in good standing with the city, HOA its only $1.4 per SF. There is absolutely no Special Assessments. Enjoy intracoastal views from every room in this bright and spacious residence. Features include a generous living area and a large primary bedroom with walk-in closet. Updated kitchen and bathroom. The building offers direct beach access, Olympic-size pool, gym, and jacuzzi. Ideally located on Millionaire’s Row in a completely renovated building. The apartment is very well kept, filled with natural light, and designed for relaxed coastal living. Schedule your showing today!
Features
- Lobby
- First Floor Entry
- Barbeque
- Courtyard
- Ocean View
- Other View
- Water View
Leasing
- Minimum lease
- 180 days
- Leases permitted per year
- 2
Leasing terms as stated in the MLS listing, not verified by us. The association’s governing documents control what is actually permitted and can change — confirm before you buy.
Location
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 1-bed rentals in Miami Beach, from 200 active listings; the middle half ask $2,350–$4,500.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.