5225 Collins Ave 1509, Miami Beach, FL 33140 — MLS photo

Get More Info About This Property

5225 Collins Ave 1509, Miami Beach, FL 33140

Active · Condominium

$699,000

5225 Collins Ave 1509, Miami Beach, FL 33140

Beds
2
Baths
2
Living area
960 sq ft
$ / sq ft
$728/sq ft
Year built
1962
Lot size
—
HOA fee
$2,595 Monthly
Annual tax
$7,607

About this property

Oceanfront condo hotel on Miami Beach's iconic Collins Avenue. This fully furnished 2-bedroom, 2-bathroom residence on the 15th floor offers 960 SF of living space with stunning ocean and Intracoastal views. Located in a completely remodeled building with direct beach access and no rental restrictions. Ideal for investors or owner-occupants — rent through the hotel program, use an operator, list on Airbnb, or live in it full-time. The flexibility is yours. Maintenance fees include electricity, cable, A/C, Wi-Fi, and hot water. One assigned garage parking space included. Building amenities include two outdoor pools with tiki bar, beach service, spa, gym, full-service restaurant, cafe-bakery, bar, salon, mini market, maid service, valet parking, and event/wedding facilities. An exceptional opportunity in one of Miami Beach's most sought-after oceanfront locations. Must see.

Property location

Get Directions

5225 Collins Ave 1509, Miami Beach, FL 33140

Loading property location…

Facts & features

Interior

Bedrooms
2
Bathrooms
2
Living area
960 sq ft
Flooring
Ceramic Tile, Tile
Appliances
Dishwasher, Electric Range, Microwave, Refrigerator
Cooling
Central Air
Heating
Central
Interior features
Breakfast Bar, Bedroom On Main Level, Elevator, French Doors Atrium Doors, Jetted Tub, Sitting Area In Primary, Split Bedrooms, Tub Shower, Walk In Closets, Bar
Furnished
Furnished

Exterior & Structure

Property type
Condominium
Year built
1962
Stories
17
Architectural style
High Rise
Construction
CBSConcrete Block Structure, Block
Exterior features
Balcony, Security High Impact Doors
Pool
Association
Waterfront
Ocean Front
View
Intercoastal, Ocean

Parking

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

HOA, Community & Financials

Association fee
$2,595 Monthly
Fee inclusions
Amenities, Cable Tv, Hot Water, Internet, Laundry, Maintenance Grounds, Parking, Pest Control, Recreation Facilities, Trash
Amenities
Boat Dock, Cabana, Fitness Center, Laundry, Pool, Sauna, Spa Hot Tub
Security
Lobby Secured, Security Guard, Fire Sprinkler System, Smoke Detectors
Pets allowed
Cats Ok, Dogs Ok, Yes
Annual tax
$7,607
Subdivision
THE ALEXANDER CONDO
County
Miami-Dade
Days on market
4
MLS listing ID
A12023345
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

-$3,665

Cap rate
-0.6%
Net yield
-0.6%
Cash-on-cash return
-22.5%
Gross yield
6.3%
Mortgage payment
$3,314/mo
Down payment
$174,750
Loan amount
$524,250
Annual NOI
-$4,220

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