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Waterfront · Condominium
$489,000$411 / sqft
5600 Collins Ave # 7W, Miami Beach FL 33140
Listed
2
Bedrooms
2
Bathrooms
1,190 sqft
Interior
1967
Year built
$1,300 / mo
HOA
Condominium
Type
About this home
Enjoy coastal living in this ample and beautiful 2-bedroom, 2-bathroom residence located in the heart of Miami Beach. This exceptional unit is conveniently situated directly across from the ocean, offering the perfect blend of comfort, style, and location. Residents enjoy access to state-of-the-art building amenities designed for a luxurious lifestyle. The property is just minutes from some of Miami Beach's finest restaurants, grocery stores, convenience shops, and entertainment destinations, with easy access to major highways for effortless commuting. Whether you're looking for a full-time residence or a seasonal retreat, this home has everything you need. You'll love the location, amenities, and lifestyle it offers.
Features
- Closet Cabinetry
- Split Bedroom
- East Of Us1
- Open Balcony
- Ocean View
Leasing
- Minimum lease
- 30 days
- Leases permitted per year
- 12
- Ok To Lease
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 2-bed rentals in Miami Beach, from 200 active listings; the middle half ask $3,600–$9,900.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.