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8877 Collins Ave # 2, Surfside FL 33154
About this home
Location, Location, Location! Experience the best of beachfront living at The Ocean Wave in the heart of Surfside Beach. This exceptional penthouse residence features 2 bedrooms and 2 bathrooms, offering spacious living areas and breathtaking panoramic ocean and city views. The beautifully renovated eat-in kitchen is designed for both style and functionality, featuring a full-size refrigerator & separate full-size freezer, along with the convenience of an in-unit washer and dryer. The Ocean Wave has recently completed extensive renovations & upgrades, including redesigned hallways & a newly renovated pool, enhancing the building's modern appeal. Residents enjoy a great selection of amenities, including 24-hour security, valet service, fitness center, a social hall, a swimming pool, jacuzzi, and direct beach access with a charming picnic area on the sand. Ideally situated, this residence is just a short stroll from the vibrant Harding Avenue district, offering an array of cafés, restaurants, & boutiques, as well as the world-famous Bal Harbour Shops with its luxury shopping and more. Multiple houses of worship are also within walking distance, making this an exceptional opportunity to enjoy the very best of the Surfside lifestyle.
Features
- Built-in Features
- Other
- Walk-In Closet(s)
- Barbeque
- Ocean View
- Skyline
- Water View
Location
Approximate — shows the building, not the unit. Open in maps (opens in a new tab)
Estimated loan & HOA
Loan payment and HOA only. Property tax and insurance are significant here and are not included.
- Principal & interest
- $5,562
- HOA
- $1,864 / 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.
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.
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.