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Waterfront · Condominium
$1,145,000$776 / sqft
5255 Collins Ave # 8F, Miami Beach FL 33140
Listed
2
Bedrooms
2
Bathrooms
1,475 sqft
Interior
1963
Year built
$2,298 / mo
HOA
Condominium
Type
About this home
Casual elegance describes this BEACHFRONT pied-à-terre. NEWLY RENOVATED reconfigured 1475SF 2 Bedroom 2 Bath apartment w/stunning DIRECT OCEAN VIEWS. Offered TURNKEY/FURNISHED less certain art. Simply bring your clothes & toothbrush. Rarely available this 8th floor highly desirable F-line apartment is located in ICONIC OCEANFRONT BLDG by reputed architect Melvin Grossman on Millionaire’s Row. Contemporary finishes include 4x4 white porcelain floors, custom kitchen/bathroom vanities, picture frame molding wall accents, hurricane impact windows. Neutral furniture tones perfectly complement the apartment’s oceanfront panorama. Primary bedroom has oversized walk-in closet. Electric roll down shades throughout. Pet friendly bldg, 24hr concierge, valet, Fernando Wong designed pool deck, fitness center, private beach access with complimentary beach valet service. Assigned storage on floor & 1 assigned garage parking space.. MAINTENANCE INCLUDES ALL UTILITIES. Minutes to Design District, Bal Harbour, South Beach.
Features
- Cooking Island
- Custom Mirrors
- Entrance Foyer
- Walk-In Closet(s)
- Barbeque
- Ocean View
- Direct Ocean
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 2-bed rentals in Miami Beach, from 200 active listings; the middle half ask $3,600–$9,900.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.