5401 Collins Ave 107, Miami Beach, FL 33140 — MLS photo

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5401 Collins Ave 107, Miami Beach, FL 33140

Active · Condominium

$570,000

5401 Collins Ave 107, Miami Beach, FL 33140

Beds
2
Baths
2
Living area
1,120 sq ft
$ / sq ft
$509/sq ft
Year built
1967
Lot size
—
HOA fee
$1,700
Annual tax
—

About this property

Experience oceanfront living on Miami Beach’s prestigious Millionaire’s Row at The Carriage House. This spacious 2-bedroom, 2-bath residence features a split floor plan, ocean views from the largest balcony line in the building—creating an exceptional outdoor living space for relaxing, entertaining, and enjoying the ocean views. A tremendous value for buyers, all current special assessments totaling over $70,000 will be paid in full by the seller, providing a clean financial slate from day one. The residence features hurricane-impact windows, recessed lighting, floor-to-ceiling sliding glass doors connecting both the living room and primary suite to the expansive balcony, a walk-in closet, and updated bathrooms featuring floor-to-ceiling marble tile & stone countertops. The convenient first-floor location offers effortless access to the beach, pool, gym, tennis courts & other resort-style amenities without relying on elevators. Residents enjoy direct beach and boardwalk access, oceanfront pool and jacuzzi, complimentary pool and beach service, ocean-view gym, tennis, racquetball, basketball, valet, on-site restaurant, convenience store, BBQ area, 24-hour concierge & security and a synagogue. Ideally located in the heart of Miami Beach, just minutes from world-class dining, shopping, entertainment, Bal Harbour & South Beach. Don’t miss this opportunity & schedule your private showing today.

Property location

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5401 Collins Ave 107, Miami Beach, FL 33140

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Facts & features

Interior

Bedrooms
2
Bathrooms
2
Living area
1,120 sq ft

Exterior & Structure

Property type
Condominium
Year built
1967

Parking

Not provided in the MLS listing.

HOA, Community & Financials

Association fee
$1,700
County
Miami-Dade
MLS listing ID
A12025656
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

-$2,411

Cap rate
0.6%
Net yield
0.6%
Cash-on-cash return
-18.1%
Gross yield
7.5%
Mortgage payment
$2,702/mo
Down payment
$142,500
Loan amount
$427,500
Annual NOI
$3,487

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