5161 Collins Ave 1508, Miami Beach, FL 33140 — MLS photo

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5161 Collins Ave 1508, Miami Beach, FL 33140

Active · Condominium

$1,100,000

5161 Collins Ave 1508, Miami Beach, FL 33140

Beds
2
Baths
2
Living area
1,040 sq ft
$ / sq ft
$1,058/sq ft
Year built
1966
Lot size
—
HOA fee
$1,069
Annual tax
—

About this property

Stunning 2-bedroom, 2-bathroom condo in Miami Beach offering breathtaking views day and night from both bedrooms and the living area. This fully renovated unit features a spacious primary suite with a walk-in closet and a generous, open living space perfect for relaxing or entertaining. Located in the iconic Seacoast on Millionaire’s Row, designed by renowned architect Morris Lapidus, residents enjoy resort-style amenities including an on-site convenience store, fitness center, hair salon, library, ballroom, poolside tiki bar, hot tub, and direct beach access with complimentary chairs and umbrellas, along with a scenic boardwalk. A brand-new pool and deck area is currently under construction and expected to be completed this summer. Valet available along with 1 assigned parking space in the garage. Maintenance includes A/C, hot water, cable, internet, security, and beach service. 40- and 50-year recertifications completed. Offered furnished with very high-end furniture or unfurnished, this is an outstanding opportunity to own a move-in ready oceanfront condo in one of Miami Beach’s most recognized buildings with 30-day rentals allowed.

Property location

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5161 Collins Ave 1508, Miami Beach, FL 33140

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Facts & features

Interior

Bedrooms
2
Bathrooms
2
Living area
1,040 sq ft

Exterior & Structure

Property type
Condominium
Year built
1966

Parking

Not provided in the MLS listing.

HOA, Community & Financials

Association fee
$1,069
County
Miami-Dade
MLS listing ID
A11990349
Listing status
Active

Investment intelligence

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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

-$4,260

Cap rate
1.0%
Net yield
1.0%
Cash-on-cash return
-16.6%
Gross yield
5.3%
Mortgage payment
$5,215/mo
Down payment
$275,000
Loan amount
$825,000
Annual NOI
$11,460

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