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Waterfront · Condominium
$785,000$844 / sqft
5601 Collins Ave # 903, Miami Beach FL 33140
Listed
1
Bedrooms
2
Bathrooms
930 sqft
Interior
1968
Year built
$1,121 / mo
HOA
Condominium
Type
About this home
This beautiful ocean view condo offers the perfect balance of style, comfort, and convenience. This home has undergone extensive renovations, over $150,000 in upgrades, making it a must-see! This unit features impact windows, elegant travertine flooring throughout, and a renovated kitchen with quartz countertops. The electrical system has also been upgraded to ensure safety and efficiency. The building has passed its 40-year certification and has had recent renovations like new elevators and refreshed hallways. Enjoy direct beach access, a gym, heated pool, perfect for staying active or relaxing in style. Short term rentals such as Airbnb and VRBO are permitted, making this a great investment opportunity. This home is an ideal choice for both vacation homeowners and investors alike.
Features
- Built-in Features
- Elevator
- Fire Sprinklers
- Pantry
- Walk-In Closet(s)
- Open Balcony
- Ocean View
Leasing
- Minimum lease
- 30 days
- Leases permitted per year
- 12
- Ok To Lease
Run the numbers
We fill in the price and the building's HOA dues. That leaves tax, insurance and maintenance — they depend on your exemptions, your insurer and the unit, so we don't guess them. Rent starts from what comparable units are asking nearby. Vacancy and the loan terms below start at common defaults; change them.
Median asking rent for 1-bed rentals in Miami Beach, from 200 active listings; the middle half ask $2,350–$4,500.That is what landlords ask, not what units let for — edit it if you know better.
Our default, not a market figure
From the listing
Depends on assessed value & exemptions
Varies widely by building
Repairs, turnover, management
Cap rate
Cash-on-cash
Monthly cash flow
Net operating income
Enter property tax, insurance, maintenance to see the returns. A cap rate calculated without every cost overstates the deal — often by half — so we don't show a partial one.
Illustration only — not a loan offer, quote, or investment advice. We are not a lender and neither offer nor arrange financing. The loan fields start at 20% down over 30 years at 6.5% (rates as of July 2026); that is a nominal rate for illustration, not an APR, and your actual terms will differ. Cap rate is unlevered; cash-on-cash counts the down payment as invested capital and excludes closing costs.
Listing data from the MIAMI Association of REALTORS® (MIAMIRE) IDX program. Information deemed reliable but not guaranteed. Demo data shown for layout purposes.