Interior
- Bedrooms
- 2
- Bathrooms
- 2
- Living area
- 930 sq ft
- Flooring
- Tile
- Appliances
- Dishwasher, Electric Range, Electric Water Heater, Microwave, Refrigerator
- Cooling
- Central Air
- Heating
- None
- Interior features
- Bedroom On Main Level, First Floor Entry
Active · Condominium
$690,000
5601 Collins Ave 505, Miami Beach, FL 33140
- Beds
- 2
- Baths
- 2
- Living area
- 930 sq ft
- $ / sq ft
- $742/sq ft
- Year built
- 1968
- Lot size
- —
- HOA fee
- —
- Annual tax
- $8,390
About this property
Beautiful direct ocean front residence with breathtaking ocean views from almost every room. the spacious unit features two bedrooms and two full bathrooms, an exceptional floor plan, and abundant closet space throughout. The building offers outstanding amenities including a magnificent fully equipped gym, a heated swimming pool, BBQ area in the backyard, and a 24 hours security for comfort and peace of mind. Short terms rentals (VRBO) are permitted, making this property and excellent income-producing investment or the perfect place to relax and enjoy life by the peaceful ocean.
Property location
Get Directions5601 Collins Ave 505, Miami Beach, FL 33140
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Facts & features
Exterior & Structure
- Property type
- Condominium
- Year built
- 1968
- Stories
- 18
- Architectural style
- High Rise
- Construction
- Block
- Exterior features
- Barbecue, Deck, Security High Impact Doors, Patio
- Pool
- Heated
- Waterfront
- Ocean Front
- View
- Ocean
Parking
- Garage spaces
- 1
- Covered spaces
- 1
- Parking features
- One Space
HOA, Community & Financials
- Association fee
- $0 Monthly
- Fee inclusions
- Association Management, Common Areas, Cable Tv, Hvac, Hot Water, Insurance, Internet, Laundry, Maintenance Grounds, Maintenance Structure, Parking, Pest Control, Pools, Security, Trash
- Amenities
- Bike Storage, Cabana, Fitness Center, Laundry, Barbecue, Picnic Area, Pool, Trash, Elevators
- Security
- Security Guard, Smoke Detectors
- Pets allowed
- Size Limit, Yes
- Annual tax
- $8,390
- Subdivision
- THE PAVILION CONDO
- County
- Miami-Dade
- Days on market
- 236
- MLS listing ID
- A11977899
- 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
-$1,158
- Cap rate
- 3.7%
- Net yield
- 3.7%
- Cash-on-cash return
- -7.2%
- Gross yield
- 6.2%
- Mortgage payment
- $3,271/mo
- Down payment
- $172,500
- Loan amount
- $517,500
- Annual NOI
- $25,358
Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.