4391 Collins Ave 1501, Miami Beach, FL 33140 — MLS photo

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4391 Collins Ave 1501, Miami Beach, FL 33140

Active · Condominium

$1,200,000

4391 Collins Ave 1501, Miami Beach, FL 33140

Beds
0
Baths
1
Living area
574 sq ft
$ / sq ft
$2,091/sq ft
Year built
2008
Lot size
—
HOA fee
$1,000
Annual tax
—

About this property

Luxurious Fontainebleau III corner Jr Suite with ocean, city, bay, & hotel pool ground views with a unique wrap around balcony. Enjoy full service, vacation-style living with luxury amenities on 22 oceanfront acres on Miami Beach. This unit is furnished turnkey with 1 king bed & sleeper sofa. Option to enroll in hotel rental program & receive income while away! (Door in unit connects to the #1502 unit next door that is also available for sale.) The Fontainebleau resort offers award-winning restaurants, LIV night club, Lapis spa & state-of-the-art fitness center, bakery, shops, full-service salon and more. Maintenance fees include all utilities: AC, internet, cable, local calls, electricity, valet + daily free breakfast in owner's lounge. Please click the virtual tour link to view video.

Property location

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4391 Collins Ave 1501, Miami Beach, FL 33140

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Facts & features

Interior

Bedrooms
0
Bathrooms
1
Living area
574 sq ft

Exterior & Structure

Property type
Condominium
Year built
2008

Parking

Not provided in the MLS listing.

HOA, Community & Financials

Association fee
$1,000
County
Miami-Dade
MLS listing ID
A11668072
Listing status
Active

Investment intelligence

Yield & ROI calculator

Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.

Estimated monthly cash flow

-$5,389

Cap rate
0.3%
Net yield
0.3%
Cash-on-cash return
-19.2%
Gross yield
4.3%
Mortgage payment
$5,689/mo
Down payment
$300,000
Loan amount
$900,000
Annual NOI
$3,596

Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.