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Waterfront · Condominium
$798,000$619 / sqft
5601 Collins Ave # 1216, Miami Beach FL 33140
Listed
2
Bedrooms
2
Bathrooms
1,290 sqft
Interior
1968
Year built
$1,640 / mo
HOA
Condominium
Type
About this home
Perched high within the premier oceanfront enclave of 5601 Collins Avenue, Unit 1216 delivers a sprawling 1,290-square-foot sanctuary where coastal elegance meets functional design. This stunning two-bedroom residence is designed for effortless everyday living and entertaining, featuring a seamless open-concept layout that connects the generous living area to a dedicated formal dining room. Flooded with natural light, the spacious floor plan is thoughtfully optimized for organization, boasting an abundance of deep closets and integrated storage solutions throughout. Beyond the front door lies a resort-style lifestyle paired with unmatched flexibility. Residents and guests enjoy an array of full-service amenities, including 24/7 lobby concierge and security, valet parking, a state-of-the-art fitness center, a billiards room, and an on-site convenience market perfect for quick daily essentials. Stepping outside, direct beach access puts the sand and surf just steps away, complemented by a oceanfront pool deck complete with lounge chairs, barbecue facilities, and shaded picnic areas. Offering rare investment versatility, the building’s flexible rental policy allows for short-term and Airbnb hosting—making this high-floor coastal residence both an elevated sanctuary and a prime income-generating opportunity on Millionaire's Row.
Features
- Closet Cabinetry
- Walk-In Closet(s)
- Other
- Open Balcony
- Intracoastal View
- Skyline
Leasing
- Minimum lease
- 365 days
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.