Cays Realty
2301 Collins Ave 423, Miami Beach, FL 33139 — MLS photo

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2301 Collins Ave 423, Miami Beach, FL 33139

Active · Condominium

$690,000

2301 Collins Ave 423, Miami Beach, FL 33139

Beds
0
Baths
1
Living area
660 sq ft
$ / sq ft
$1,045/sq ft
Year built
1926
Lot size
—
HOA fee
$1,570 Monthly
Annual tax
$7,947

About this property

Very stylishly studio on the beach totally remodeled at the elegant and iconic Roney Palace, a 5-star Hotel/Resort in South Beach. Unit is rented until April 7th for $5,000. Laundry at the same flor. Totally furnished. Hot central water included. Barbecue area. Enjoy the Resort-Style luxurious Amenities including Rooftop, three (3) oceanfront acclimatized pools, Updated Fitness center and Bamford spa, sauna and sun deck, full beachside access with beach service, Playground, Restaurants and bars on site, and 24/7 security and concierge. Pet-friendly community, great corporate investment with minimum 30-day rentals, twelve (12) times a year. This is paradise! No Special Assessment

Property location

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2301 Collins Ave 423, Miami Beach, FL 33139

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Facts & features

Interior

Bedrooms
0
Bathrooms
1
Living area
660 sq ft
Flooring
Ceramic Tile, Marble, Tile
Appliances
Dishwasher, Electric Range, Ice Maker, Microwave, Other, Refrigerator, Self Cleaning Oven
Cooling
Electric
Heating
Electric
Interior features
Handicap Access, Other, Elevator, Bar

Exterior & Structure

Property type
Condominium
Year built
1926
Stories
17
Architectural style
High Rise, Other
Construction
Block
Exterior features
Barbecue, Deck
Pool
Association, Heated
Waterfront
Ocean Front
View
Ocean, Other, Water

Parking

Garage spaces
1
Covered spaces
1
Parking features
Covered, Electric Vehicle Charging Stations, Guest, One Space

HOA, Community & Financials

Association fee
$1,570 Monthly
Fee inclusions
Amenities, Common Areas
Amenities
Bike Storage, Clubhouse, Fitness Center, Barbecue, Other, Picnic Area, Playground, Pool, Sauna, Spa Hot Tub, Elevators
Security
Closed Circuit Cameras, Elevator Secured, Secured Garage Parking, Key Card Entry, Lobby Secured, Security Guard, Smoke Detectors
Pets allowed
Size Limit, Yes
Annual tax
$7,947
Subdivision
¤ RONEY PALACE
County
Miami-Dade
Days on market
281
MLS listing ID
A11938021
Listing status
Active

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

Estimated monthly cash flow

-$3,128

Cap rate
0.2%
Net yield
0.2%
Cash-on-cash return
-19.4%
Gross yield
5.4%
Mortgage payment
$3,271/mo
Down payment
$172,500
Loan amount
$517,500
Annual NOI
$1,712

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