Interior
- Bedrooms
- 0
- Bathrooms
- 1
- Living area
- 430 sq ft
- Flooring
- Tile
- Appliances
- Other
- Cooling
- Central Air
- Heating
- Central
- Interior features
- Bedroom On Main Level, Living Dining Room, Shower Only
Active · Condominium
$485,000
5445 Collins Ave 1232, Miami Beach, FL 33140
- Beds
- 0
- Baths
- 1
- Living area
- 430 sq ft
- $ / sq ft
- $1,128/sq ft
- Year built
- 1966
- Lot size
- —
- HOA fee
- $873 Monthly
- Annual tax
- $6,284
About this property
Renovated oceanfront studio at Castle Beach Club on Millionaire’s Row with no rental restrictions. Ideal for short-term rentals/Airbnb or personal use. Features tile flooring, ocean views, and resort-style amenities including direct beach access, pool, gym, valet, spa, Turkish bath, and 24/7 security. Prime Miami Beach location minutes from South Beach, Bal Harbour Shops, and Lincoln Road. Excellent investment opportunity with strong income potential. Portfolio of Six units can be sold together for $2.4mln 1730, 1232, 1424, 928, 724, and 1203
Property location
Get Directions5445 Collins Ave 1232, Miami Beach, FL 33140
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Facts & features
Exterior & Structure
- Property type
- Condominium
- Year built
- 1966
- Stories
- 17
- Architectural style
- High Rise
- Construction
- CBSConcrete Block Structure, Block
- Exterior features
- None
- Pool
- Association
- Waterfront
- Ocean Access, Ocean Front
- View
- Ocean
Parking
- Garage spaces
- 1
- Covered spaces
- 1
- Parking features
- Guest, One Space
HOA, Community & Financials
- Association fee
- $873 Monthly
- Fee inclusions
- Amenities, Cable Tv
- Amenities
- Bike Storage, Business Center, Fitness Center, Pool
- Security
- Lobby Secured, Fire Sprinkler System
- Pets allowed
- Conditional, Yes
- Annual tax
- $6,284
- Subdivision
- CASTLE BEACH CLUB CONDO
- County
- Miami-Dade
- Days on market
- 7
- MLS listing ID
- A12025312
- Listing status
- Active
Virtual tour
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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
-$2,082
- Cap rate
- 0.5%
- Net yield
- 0.5%
- Cash-on-cash return
- -18.4%
- Gross yield
- 5.2%
- Mortgage payment
- $2,299/mo
- Down payment
- $121,250
- Loan amount
- $363,750
- Annual NOI
- $2,611
Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.