5255 Collins Ave PH A & CD, Miami Beach, FL 33140 — MLS photo

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5255 Collins Ave PH A & CD, Miami Beach, FL 33140

Active · Condominium

$3,890,000

5255 Collins Ave PH A & CD, Miami Beach, FL 33140

Beds
5
Baths
7
Living area
6,584 sq ft
$ / sq ft
$591/sq ft
Year built
1963
Lot size
—
HOA fee
$7,482 Monthly
Annual tax
$36,032

About this property

This extraordinary direct oceanfront penthouse offers a scale, position, and level of opportunity rarely available in today's market. 6,584 sf of interior living space and 2,884 sf of terraces with uninterrupted Atlantic Ocean views to the east and sunset vistas over Indian Creek and the Miami skyline to the west. This penthouse lives like a private oceanfront estate in the sky. Expansive entertaining spaces, oversized bedroom suites, and floor-to-ceiling exposures create a dramatic canvas craft one of Miami Beach's truly iconic residences. Fully permitted design plans are included, offering a seamless path to modernization and customization while preserving the property's rare scale and irreplaceable footprint. The residence is situated within one of Mid-Beach's most substantial oceanfront enclaves, spanning multiple beachfront acres along a coveted stretch bordered by the Atlantic Ocean and Indian Creek. The building is nearing completion of an extensive transformation tied to its 40/50-year recertification, enhancing the property's long-term quality, safety, and stature. Recent upgrades to the residence itself include brand-new hurricane-impact windows throughout. Enjoy a full-service lifestyle with 24h concierge and valet, a designed pool deck, fitness center, cabanas, outdoor entertaining areas, and private beach access with dedicated beach service. Maintenance includes all utilities. The offering also includes same-floor storage and two assigned garage parking spaces.

Property location

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5255 Collins Ave PH A & CD, Miami Beach, FL 33140

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Facts & features

Interior

Bedrooms
5
Bathrooms
7
Living area
6,584 sq ft
Flooring
Other
Appliances
Built In Oven, Dryer, Dishwasher, Electric Range, Other, Refrigerator, Washer
Cooling
Electric
Heating
Electric
Interior features
Built In Features, Bedroom On Main Level, Breakfast Area, Closet Cabinetry, Dining Area, Separate Formal Dining Room, Dual Sinks, First Floor Entry, Main Living Area Entry Level, Separate Shower, Vaulted Ceilings, Walk In Closets
Furnished
Unfurnished

Exterior & Structure

Property type
Condominium
Year built
1963
Stories
15
Architectural style
High Rise, Penthouse
Construction
CBSConcrete Block Structure, Block
Exterior features
Balcony
Pool
Association
Waterfront
Ocean Access, Ocean Front
View
Bay, Canal, Ocean, Skyline

Parking

Garage spaces
2
Covered spaces
2
Parking features
Attached, Garage, Two Or More Spaces, Valet

HOA, Community & Financials

Association fee
$7,482 Monthly
Fee inclusions
Amenities, Common Areas, Cable Tv, Internet, Maintenance Structure
Amenities
Billiard Room, Bike Storage, Clubhouse, Fitness Center, Other, Pool, Trails
Security
Door Man, Lobby Secured
Pets allowed
Conditional, Yes
Annual tax
$36,032
Subdivision
IMPERIAL HOUSE CONDO
County
Miami-Dade
Days on market
25
MLS listing ID
A12015626
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

-$10,900

Cap rate
2.3%
Net yield
2.3%
Cash-on-cash return
-12.0%
Gross yield
7.0%
Mortgage payment
$18,441/mo
Down payment
$972,500
Loan amount
$2,917,500
Annual NOI
$90,483

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