5161 Collins Ave 518, Miami Beach, FL 33140 — MLS photo

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5161 Collins Ave 518, Miami Beach, FL 33140

Active · Condominium

$849,000

5161 Collins Ave 518, Miami Beach, FL 33140

Beds
2
Baths
2
Living area
1,410 sq ft
$ / sq ft
$602/sq ft
Year built
1966
Lot size
—
HOA fee
$1,441 Monthly
Annual tax
$11,599

About this property

Experience Euro-chic luxury at Seacoast 5151, an iconic oceanfront, resort-style, pet-friendly residence. This spectacular 2 bedroom - 2 bath 1410 square foot residence is beautifully upgraded with honed and polished travertine floors throughout, recessed lighting, granite countertops, an open kitchen, and fully marble-clad bathrooms. An additional sleeping area adds flexibility for guests or office use. The custom primary suite features built-in closets and a private sitting room/office. Enjoy breathtaking, unobstructed views of the Indian Creek Waterway, marina, and the prestigious homes along Pinetree Drive—along with stunning sunset skies. A sprawling 38’7” balcony, accessible from both bedrooms and the living area, offers seamless indoor-outdoor living. Designed by renowned architect Morris Lapidus, Seacoast Towers sits on 5 acres of prime oceanfront in coveted Mid-Beach, with direct access to the beachwalk and wide sandy shoreline with full beach service. Maintenance includes full reserves, A/C, hot water, water, sewer, trash, HD cable, TiVo, and high-speed internet. Special Assessment Paid by Seller. Full-service amenities include a state-of-the-art fitness center, grand lobby, convenience store, salon, on-site management, Tiki bar, 24-hour security, and valet. An exceptional opportunity to own a true Miami Beach lifestyle.

Property location

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5161 Collins Ave 518, Miami Beach, FL 33140

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Facts & features

Interior

Bedrooms
2
Bathrooms
2
Living area
1,410 sq ft
Flooring
Marble
Appliances
Dishwasher, Electric Range, Ice Maker, Microwave, Refrigerator
Cooling
Central Air
Heating
None
Interior features
Built In Features, Bedroom On Main Level, Closet Cabinetry, First Floor Entry, Living Dining Room, Main Living Area Entry Level
Furnished
Negotiable

Exterior & Structure

Property type
Condominium
Year built
1966
Stories
17
Architectural style
High Rise
Construction
CBSConcrete Block Structure, Block
Exterior features
Balcony, Deck, Storm Security Shutters
Pool
Association, Heated
Waterfront
Ocean Front
View
Intercoastal, Water

Parking

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

HOA, Community & Financials

Association fee
$1,441 Monthly
Fee inclusions
Association Management, Amenities, Cable Tv, Hot Water, Internet, Maintenance Grounds, Maintenance Structure, Pest Control, Reserve Fund, Sewer, Security, Trash, Water
Amenities
Boat Dock, Marina, Bike Storage, Clubhouse, Fitness Center, Laundry, Barbecue, Picnic Area, Pool, Spa Hot Tub, Trash, Elevators
Security
Door Man, Fire Alarm, Smoke Detectors
Pets allowed
Size Limit, Yes
Annual tax
$11,599
Subdivision
SEACOAST 5151 CONDO
County
Miami-Dade
Days on market
162
MLS listing ID
A12005492
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

-$2,542

Cap rate
2.1%
Net yield
2.1%
Cash-on-cash return
-12.8%
Gross yield
6.9%
Mortgage payment
$4,025/mo
Down payment
$212,250
Loan amount
$636,750
Annual NOI
$17,794

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