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Condominium
$299,999$485 / sqft
1255 Collins Ave # 705, Miami Beach FL 33139
Listed
1
Bedrooms
1
Bathrooms
619 sqft
Interior
1965
Year built
$655 / mo
HOA
Condominium
Type
About this home
Experience the unmistakable energy of South Beach from your own private retreat at The Islander. Steps away from the ocean, this residence places you in the heart of it all-minutes from Lummus Park, iconic Ocean Drive, Lincoln Road, world-class dining, shopping, nightlife, and endless entertainment. The spacious bedroom is partially enclosed and can be easily modified. Step onto the balcony and take in an exceptional 180-degree panorama. It showcases sweeping views of the Atlantic Ocean and Miami Beach skyline. The Islander is a very well-maintained building set within secure, gated surroundings, offering peace of mind along with resort-style amenities. Enjoy the rooftop pool, newly renovated gym, remodeled lobby, and new high-capacity generator. One assigned gated parking space is included, and the building is pet-friendly. Whether you're looking for a stylish South Beach residence, a gateway, or an opportunity to create a home uniquely your own, this location delivers the quintessential Miami Beach lifestyle. Ocean. City. Culture. Dinning. Entertainment. And the South Beach vibe-all just outside your door.
Features
- Interior Hall
- First Floor Entry
- Open Balcony
- Ocean View
- Skyline
Leasing
- Minimum lease
- 90 days
- Leases permitted per year
- 4
- Ok To Lease
Leasing terms as stated in the MLS listing, not verified by us. The association’s governing documents control what is actually permitted and can change — confirm before you buy.
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.