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Waterfront · Condominium
$749,000$454 / sqft
5600 Collins Ave # 12E, Miami Beach FL 33140
Listed
2
Bedrooms
2
Bathrooms
1,650 sqft
Interior
1967
Year built
$1,881 / mo
HOA
Condominium
Type
About this home
PRICE REDUCTION! READY TO SELL...Beautiful 2BD/2BA residence in an iconic Morris Lapidus building on Millionaire’s Row. Spacious layout with ocean and Collins Ave views, plus a balcony overlooking the Intracoastal and Miami skyline. The primary bedroom features a built-in walk-in closet. Unique perk: buyer has firstoption to purchase a 23’ boat for $19K,—perfect for Miami Beach boat life. Chef’s kitchen with high-end appliances. Full-service building with restaurant, gym, pool, game & social rooms, 24/7 concierge, one valet space, and storage. Steps to the beach & 7-mile boardwalk. Prime location near Bal Harbour, South Beach, and world-class dining—true resort-style living!
Features
- First Floor Entry
- Built-in Features
- Closet Cabinetry
- Cooking Island
- Elevator
- Fire Sprinklers
- Pantry
- Storage
- East Of Us1
- Open Balcony
- Intracoastal View
- Ocean 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.