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Condominium
$399,000$406 / sqft
2924 Collins Avenue # 501, Miami Beach FL 33140
Listed
2
Bedrooms
2
Bathrooms
982 sqft
Interior
1980
Year built
$703 / mo
HOA
Condominium
Type
About this home
PRICE IMPROVEMENT: Discover an exceptional opportunity in the heart of Miami Beach at Ocean View Plaza. This renovated 2-bedroom, 2-bath residence combines beachside living with excellent investment potential, including seller financing available. Enjoy beautiful views from a rare double balcony, a desirable split-bedroom floor plan, modern LED lighting, ceramic flooring, and a newer central air-conditioning system. The spacious primary suite features a walk-in closet, while both bathrooms offer convenient shower/tub combinations. Just steps from the ocean, residents can enjoy direct beach access and the iconic Miami Beach Boardwalk, with South Beach dining, entertainment, shopping and nightlife only minutes away. Private garage parking, a secured building and included pest control add to the convenience. Whether you're searching for a primary residence, Miami Beach getaway or income-producing investment, the newly reduced price makes this an opportunity worth seeing. Schedule your private showing today.
Features
- First Floor Entry
- Built-in Features
- Closet Cabinetry
- Custom Mirrors
- Elevator
- Entrance Foyer
- Pantry
- Walk-In Closet(s)
- East Of Us1
- Open Balcony
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 2-bed rentals in Miami Beach, from 200 active listings; the middle half ask $3,600–$10,000.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.