Cays Realty
5445 Collins Ave 1718, Miami Beach, FL 33140 — MLS photo

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5445 Collins Ave 1718, Miami Beach, FL 33140

Active · Condominium

$510,000

5445 Collins Ave 1718, Miami Beach, FL 33140

Beds
0
Baths
1
Living area
400 sq ft
$ / sq ft
$1,275/sq ft
Year built
1966
Lot size
—
HOA fee
$872 Monthly
Annual tax
$6,022

About this property

Investor Alert – Airbnb Allowed!! Prime opportunity in Miami Beach’s Millionaire’s Row, just steps from 41st Street. This unit can be rented daily, monthly, or yearly, with the flexibility to self-manage or use a property management company. Unit rented until November 2028. Enjoy resort-style amenities including tennis courts, pool, gym, valet parking, and more. HOA fee includes electricity, water, internet, cable TV, and valet parking. This is a long-term asset capitalization opportunity sitting on an almost 4-acre oceanfront lot—where the sand is gold. Perfect investment property or your own piece of Miami Beach.

Property location

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5445 Collins Ave 1718, Miami Beach, FL 33140

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Facts & features

Interior

Bedrooms
0
Bathrooms
1
Living area
400 sq ft
Flooring
Ceramic Tile, Vinyl
Appliances
Dryer, Microwave, Refrigerator, Washer
Cooling
Central Air
Heating
Central
Interior features
Breakfast Area, Bathtub, Closet Cabinetry, Living Dining Room, Bar

Exterior & Structure

Property type
Condominium
Year built
1966
Stories
18
Architectural style
High Rise
Construction
Block
Exterior features
Security High Impact Doors, Tennis Courts
Pool
Association, Heated
Waterfront
Ocean Access, Ocean Front
View
Canal, Intercoastal, Skyline

Parking

Garage spaces
1
Covered spaces
1
Parking features
Covered, Valet

HOA, Community & Financials

Association fee
$872 Monthly
Fee inclusions
Association Management, Amenities, Common Areas, Cable Tv, Electricity, Hot Water, Internet, Laundry, Maintenance Grounds, Maintenance Structure, Parking, Security, Trash, Water
Amenities
Laundry, Pool, Sauna, Spa Hot Tub, Tennis Courts, Trash, Elevators
Security
Complex Fenced, Security Guard, Smoke Detectors
Pets allowed
No
Annual tax
$6,022
Subdivision
CASTLE BEACH CLUB CONDO
County
Miami-Dade
Days on market
27
MLS listing ID
A12015341
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

-$2,178

Cap rate
0.6%
Net yield
0.6%
Cash-on-cash return
-18.3%
Gross yield
5.0%
Mortgage payment
$2,418/mo
Down payment
$127,500
Loan amount
$382,500
Annual NOI
$2,872

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