Cays Realty
5225 Collins Ave 1221, Miami Beach, FL 33140 — MLS photo

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5225 Collins Ave 1221, Miami Beach, FL 33140

Active · Condominium

$1,349,000

5225 Collins Ave 1221, Miami Beach, FL 33140

Beds
4
Baths
3
Living area
1,800 sq ft
$ / sq ft
$749/sq ft
Year built
1962
Lot size
—
HOA fee
$3,145 Monthly
Annual tax
$10,951

About this property

Turnkey 4 Bedroom 3 Full Bathroom with separate Enclosed Den at the Famous Alexander Hotel with amazing Ocean, Bay, Golf Course, & Iconic Miami Downtown Views. The Hotel Resort was Renewed & Remodeled Fully. New lobby, New Adult Pool & Expansive Deck Seating & Fire Pit With Ocean Views, New Bar & Lounge, New Cafe & Convenience Store, New Pool Amenities. This unique combined floor plan was fully renovated, professionally constructed designed, and is a South & West facing with high-end Italian furnishings and finishes. Offers a spectacular Direct Ocean & City Skyline & Gorgeous Sunset views. 1 Parking Spot Assigned & 1 Valet Included. Pool, Gym & Beach Chair/Towel Service Included. High-Speed Internet, Cable, and All Utilities included. AIRBNB FRIENDLY, perfect for investors or second home. KOSHER restaurant on site.

Property location

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5225 Collins Ave 1221, Miami Beach, FL 33140

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Facts & features

Interior

Bedrooms
4
Bathrooms
3
Living area
1,800 sq ft
Flooring
Marble, Tile
Appliances
Dishwasher, Electric Range, Disposal, Microwave, Refrigerator, Self Cleaning Oven
Cooling
Electric
Heating
Electric
Interior features
Built In Features, Closet Cabinetry, Other, Walk In Closets, Elevator, Bar

Exterior & Structure

Property type
Condominium
Year built
1962
Stories
15
Architectural style
High Rise
Construction
CBSConcrete Block Structure, Block
Exterior features
Balcony, Security High Impact Doors
Pool
Association
Waterfront
Bayfront
View
Bay, Intercoastal, Ocean

Parking

Garage spaces
2
Covered spaces
2
Parking features
Assigned, Attached, Garage, Two Or More Spaces, Valet

HOA, Community & Financials

Association fee
$3,145 Monthly
Fee inclusions
Amenities, Common Areas, Cable Tv, Hvac, Maintenance Structure, Sewer, Trash, Water
Amenities
Business Center, Cabana, Fitness Center, Other, Pool
Security
Closed Circuit Cameras, Door Man, Security Guard, Smoke Detectors
Pets allowed
Conditional, Yes
Annual tax
$10,951
Subdivision
THE ALEXANDER CONDO
County
Miami-Dade
Days on market
257
MLS listing ID
A11937465
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

-$4,984

Cap rate
1.3%
Net yield
1.3%
Cash-on-cash return
-15.8%
Gross yield
6.2%
Mortgage payment
$6,395/mo
Down payment
$337,250
Loan amount
$1,011,750
Annual NOI
$16,926

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