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Waterfront · Condominium
$1,145,000$776 / sqft

5255 Collins Ave # 8F, Miami Beach FL 33140

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

Location

Approximate — shows the building, not the unit. Open in maps (opens in a new tab)

Estimated loan & HOA

$8,088

Loan payment and HOA only. Property tax and insurance are significant here and are not included.

Principal & interest
$5,790
HOA
$2,298 / mo

Illustration only — not a loan offer, quote, or commitment. Assumes a 30-year loan at 6.5% with 20% down (rates as of July 2026); your actual terms will differ.

Schedule a tour

Request a private or video tour with a local agent.

Courtesy of
Berger Realty Group Inc

Run the numbers

We fill in the price and the building's HOA dues. That leaves rent, tax, insurance and maintenance — they depend on your exemptions, your insurer and the unit, so we don't guess them. Vacancy and the loan terms below start at common defaults; change them.

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 rent, 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. 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.