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Condominium
$499,900$688 / sqft
3588 Collins Ave # 504, Miami Beach FL 33140
Listed
1
Bedrooms
1
Bathrooms
727 sqft
Interior
1990
Year built
$127 / mo
HOA
Condominium
Type
About this home
Incredibly low Maintanence fee for comparable properties: $127/month!!! Beautiful 1-bedroom residence for sale at Ocean 36 South, located at 3588 Collins Ave #504 in the heart of Miami Beach. This bright and spacious unit features a private balcony with ocean, water, and skyline views, an in-unit washer and dryer, large walk-in closet, hurricane shutters, and 1 covered parking space. The building offers secured lobby/intercom access, elevator, exterior lighting, and a convenient Collins Avenue location near the ocean, Faena District, 41st Street shops, restaurants, houses of worship, and the best of Mid-Beach living.
Features
- Lobby
- First Floor Entry
- Cooking Island
- Shabbat Elevator
- Fire Sprinklers
- No Additional Rooms
- Open Balcony
- Other
- Ocean View
Leasing
- Minimum lease
- 180 days
- Leases permitted per year
- 2
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.