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Waterfront · Condominium
$585,000$428 / sqft
2401 Collins Ave # 509, Miami Beach FL 33140
Listed
2
Bedrooms
2
Bathrooms
1,368 sqft
Interior
1980
Year built
$1,470 / mo
HOA
Condominium
Type
About this home
This property offers a prime South Beach location next to the 1 Hotel South Beach, with renovated building and residence. The approved Promenade project will enhance the walkway from 24th to 29th Street, revitalizing the area. The sought-after 9-line residences feature functional layouts, spacious interiors, a modern kitchen, updated appliances, ceramic flooring, impressive views, and central South Beach convenience. Tenant occupied; please schedule viewings 48 hours in advance. (See Realtor Comments)
Features
- Lobby
- First Floor Entry
- Closet Cabinetry
- Fire Sprinklers
- Walk-In Closet(s)
- Family Room
- East Of Us1
- Open Balcony
- Canal
- Ocean View
Leasing
- Minimum lease
- 365 days
- Leases permitted per year
- 1
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.