5601 Collins Ave # 1420, Miami Beach FL 33140
About this home
An exceptional oceanfront apartment in Miami Beach, offering a rare blend of investment potential and beachfront luxury. This well-maintained split floor plan residence features direct beach access and stunning bay views, along with the valuable flexibility for short-term rentals in a highly desirable location. Ideal for generating strong rental income or creating a personalized coastal retreat, the unit includes generous closet space and well-preserved original finishes, providing an excellent opportunity for customization. Maintenance includes cable, high-speed internet, and water. All major building updates have been completed, including new elevators, roof, and renovated common areas, with no ongoing construction impact.
Features
- Lobby
- Built-in Features
- Other
- Intracoastal 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
- $3,792
- HOA
- $1,652 / 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.