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Waterfront · Condominium
$495,000$682 / sqft
2899 Collins Ave # 1505, Miami Beach FL 33140
Listed
1
Bedrooms
1
Bathrooms
726 sqft
Interior
1966
Year built
$640 / mo
HOA
Condominium
Type
About this home
Beachfront Miami Beach living on Collins Avenue, with ocean and skyline views and an exceptional location near the Faena District. This bright, impeccably maintained, move in ready residence features a remodeled kitchen with new stainless steel appliances, new flooring throughout, and four spacious closets offering exceptional storage. Enjoy direct gated access to the Miami Beach Boardwalk and beach, two resort style swimming pools including one heated, landscaped gardens, fitness center, secure gated parking, 24 hour security, party room, and beach chair and umbrella service. Ideally located near some of Miami Beach's top hotels, restaurants, shopping, and entertainment, with grocery stores, the Miami Beach Trolley, and public transportation nearby. An exceptional opportunity to own a primary residence or vacation home and enjoy the beachfront Miami Beach lifestyle in a prime Collins Avenue location.
Features
- Fire Sprinklers
- Walk-In Closet(s)
- Other
- Ocean View
- Other View
Leasing
- Minimum lease
- 180 days
- Leases permitted per year
- 1
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.