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Waterfront · Condominium
$630,000$955 / sqft
2301 Collins Ave # 543, Miami Beach FL 33139
Listed
0
Bedrooms
1
Bathrooms
660 sqft
Interior
1926
Year built
$1,408 / mo
HOA
Condominium
Type
About this home
Direct ocean View studio with tenant in place willing to stay; Immediate cashflow Lowest price /SQ foot in the building; excellent opportunity to own an oceanfront studio in the iconic Roney Palace. This 660-sq-ft unit offers unobstructed, direct Ocean views through large windows — a front-row experience to sunrise The unit was updated a decade ago and now presents an excellent canvas for a tasteful renovation to create a modern, turnkey beach pied-à-terre or an investor income unit. Cable and WIFI included On-site restaurants include Habitat, STK, Planthouse organic cafe, Watr at the rooftop and more! Home to Soul Cycle, Anatomy Gym, high end spa and retail fashion boutiques. Valet and full-time security. 30 day rental allowed.
Features
- First Floor Entry
- Ocean View
- Direct Ocean
Leasing
- Minimum lease
- 30 days
- Leases permitted per year
- 12
- No Daily Rentals
- 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.
Location
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 studio rentals in Miami Beach, from 200 active listings; the middle half ask $1,800–$3,000.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.