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Waterfront · Condominium
$770,000$398 / sqft
5640 Collins Ave # 6B, Miami Beach FL 33140
Listed
2
Bedrooms
2
Bathrooms
1,935 sqft
Interior
1967
Year built
$1,500 / mo
HOA
Condominium
Type
About this home
Spacious and beautifully positioned corner residence offering approximately 1,935 Sq. Ft. of living space with magnificent ocean and Intracoastal views. This 2-bedroom, 2-bathroom home features large windows and an expansive balcony, allowing you to enjoy the water views from multiple rooms and take in spectacular sunrises and sunsets. The open and generously sized living and dining areas provide an ideal setting for comfortable living and entertaining. High ceilings, beautiful travertine floors, impact windows and sliding doors, and abundant closet space add to the appeal of this exceptional residence. Impeccably maintained and move-in ready, this residence also offers the opportunity for a new owner to update and personalize the interiors to their own taste and style. The Ashley Apartments Condominium is a boutique building located on Miami Beach's prestigious Millionaires Row, offering privacy and a tranquil atmosphere. Residents enjoy a pool, barbecue area, dock, sauna and easy access to the beach and Atlantic Ocean. A boat dock may be available for rent, subject to availability. This is a unique opportunity to own a spacious corner residence in one of Miami Beach's most desirable locations, close to the beach, dining, shopping, entertainment, and all that Miami Beach has to offer.
Features
- Interior Hall
- Closet Cabinetry
- Custom Mirrors
- East Of Us1
- Barbeque
- Intracoastal View
- Ocean View
- Direct Ocean
- Water View
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.