Cays Realty
5401 Collins Ave 514, Miami Beach, FL 33140 — MLS photo

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5401 Collins Ave 514, Miami Beach, FL 33140

Active · Condominium

$549,770

5401 Collins Ave 514, Miami Beach, FL 33140

Beds
2
Baths
2
Living area
980 sq ft
$ / sq ft
$561/sq ft
Year built
1967
Lot size
—
HOA fee
$1,330 Monthly
Annual tax
$6,545

About this property

Rare opportunity to own a direct oceanfront 2BD/2BA in a full-service luxury building on Millionaire’s Row. This spacious, remodeled unit features an open kitchen, updated baths, ceramic floors, with ocean views, and new central A/C. The building offers resort-style amenities: Olympic-size heated pool, oceanview gym, sauna, hot tub, valet, 24-hr security, doorman, synagogue, restaurant, mini-market, salon, marina, racquetball court & 2 lighted tennis courts. Recent capital improvements include full concrete restoration, impact windows/doors, and completed 40-year recertification. Prime location—just minutes to South Beach, Bal Harbour, top dining, shopping, cultural venues & Miami Airport.

Property location

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5401 Collins Ave 514, Miami Beach, FL 33140

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Facts & features

Interior

Bedrooms
2
Bathrooms
2
Living area
980 sq ft
Flooring
Ceramic Tile
Appliances
Dishwasher, Electric Range, Ice Maker, Microwave, Refrigerator, Self Cleaning Oven
Cooling
Central Air
Heating
Central
Interior features
Bedroom On Main Level, Elevator, First Floor Entry, Kitchen Island

Exterior & Structure

Property type
Condominium
Year built
1967
Stories
17
Architectural style
High Rise
Construction
CBSConcrete Block Structure, Block
Exterior features
Deck, Tennis Courts
Pool
Heated
Waterfront
Ocean Access, Ocean Front
View
Ocean, Pool

Parking

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

HOA, Community & Financials

Association fee
$1,330 Monthly
Fee inclusions
Association Management, Cable Tv, Electricity, Insurance, Internet, Legal Accounting, Maintenance Grounds, Parking, Pest Control, Pools, Sewer, Security, Trash, Water
Amenities
Basketball Court, Elevators, Fitness Center, Other, Pool, Spa Hot Tub, Storage, Tennis Courts, Trash
Security
Door Man, Key Card Entry, Lobby Secured, Smoke Detectors
Pets allowed
Conditional, Yes
Annual tax
$6,545
Subdivision
THE CARRIAGE HOUSE CONDO
County
Miami-Dade
Days on market
388
MLS listing ID
A11838362
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

-$1,854

Cap rate
1.6%
Net yield
1.6%
Cash-on-cash return
-14.5%
Gross yield
7.2%
Mortgage payment
$2,606/mo
Down payment
$137,443
Loan amount
$412,328
Annual NOI
$9,028

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