Cays Realty
5225 Collins Avenue 1417, Miami Beach, FL 33140 — MLS photo

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5225 Collins Avenue 1417, Miami Beach, FL 33140

Active · Condominium

$689,900

5225 Collins Avenue 1417, Miami Beach, FL 33140

Beds
2
Baths
2
Living area
960 sq ft
$ / sq ft
$719/sq ft
Year built
1962
Lot size
—
HOA fee
$1,810 Monthly
Annual tax
$6,494

About this property

New photos will reflect the new furniture soon. Fully remodeled and furnished luxurious 2 bedroom,2 bathroom and 1 covered parking garage condo in the Heart of Millionaire Road, Collins Avenue. This beautiful condo has marble floors throughout, kitchen granite countertops, and bathroom granite vanities, and the accommodation of hotel services such as a cleaning service, valet parking, concierge, playground area, and business center. In addition, you get to enjoy the heated swimming pools. There is a gym equipped with a spa and a sauna. Maintenance includes electricity, along with provided internet, water,and cable, valet parking, pest control, beach chairs and umbrella for owners.Boat docks and boat rentals available. Poolside full bar with beach service. Seller pays assessment at closing.

Property location

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5225 Collins Avenue 1417, Miami Beach, FL 33140

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Facts & features

Interior

Bedrooms
2
Bathrooms
2
Living area
960 sq ft
Flooring
Marble
Appliances
Dishwasher, Electric Range, Electric Water Heater, Disposal, Refrigerator
Cooling
Central Air
Heating
Electric
Interior features
Bedroom On Main Level, Eat In Kitchen, First Floor Entry, Garden Tub Roman Tub, Living Dining Room, Custom Mirrors, Main Level Primary, Elevator, Bar

Exterior & Structure

Property type
Condominium
Year built
1962
Stories
16
Lot size
0 sq ft
Construction
Block
Exterior features
Barbecue, Courtyard
Pool
Pool, Association, Community
Waterfront
Intracoastal Access, Ocean Access, Other
View
Intercoastal, Ocean

Parking

Garage spaces
1
Covered spaces
1
Parking features
Attached, Covered, Garage, One Space

HOA, Community & Financials

Association fee
$1,810 Monthly
Fee inclusions
Common Area Maintenance, Cable Tv, Electricity, Hot Water, Insurance, Internet, Pest Control, Pools, Roof, Sewer, Trash, Water
Amenities
Boat Dock, Clubhouse, Controlled Access, Fitness Center, Barbecue, Picnic Area, Pool, Elevators
Security
Door Man, Fenced, Secured Garage Parking, Key Card Entry, Lobby Secured, Security System
Pets allowed
No
Annual tax
$6,494
Subdivision
The Alexander Condominium
County
Miami-Dade
Days on market
723
MLS listing ID
F10468514
Listing status
Active

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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

-$2,762

Cap rate
0.9%
Net yield
0.9%
Cash-on-cash return
-17.2%
Gross yield
6.3%
Mortgage payment
$3,270/mo
Down payment
$172,475
Loan amount
$517,425
Annual NOI
$6,107

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