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Waterfront · Condominium
$690,000$657 / sqft
5401 Collins Ave # 620, Miami Beach FL 33140
Listed
2
Bedrooms
2
Bathrooms
1,050 sqft
Interior
1967
Year built
$1,722 / mo
HOA
Condominium
Type
About this home
Discover luxury living on Miami Beach's famed Millionaire's Row! This beautifully updated residence features a completely redone open kitchen with quartz counters, stainless-steel appliances, and the rare convenience of an in-unit washer and dryer. Enjoy oceanfront living with resort-style amenities: 24-hour security, valet, concierge, oceanfront pool, fitness center, restaurant, and direct beach access. All utilities are included in the monthly maintenance fee--electricity, cable, internet, and water--making this the only building in the area with such value. Perfectly located between the Atlantic Ocean and Indian Creek, minutes from Bal Harbour, South Beach, dining, and shopping.
Features
- First Floor Entry
- Built-in Features
- Closet Cabinetry
- Shabbat Elevator
- Other
- Pantry
- Walk-In Closet(s)
- Open Balcony
- Bay
- Intracoastal View
Leasing
- Minimum lease
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.