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Waterfront · Condominium
$729,500$616 / sqft
2457 Collins Ave # 1501, Miami Beach FL 33140
Listed
2
Bedrooms
2
Bathrooms
1,185 sqft
Interior
1983
Year built
$1,292 / mo
HOA
Condominium
Type
About this home
Welcome to Residence 1501 at The Royal Club, a spacious 2-bedroom, 2-bath residence with 1,185 SF in an oceanfront building on iconic Collins Avenue. Perched on the 15th floor, the residence offers great natural light, a private balcony and open west-facing views across Miami Beach, the Intracoastal and city skyline — especially beautiful at sunset. The comfortable, functional layout offers generous living and dining areas, well-sized bedrooms and an excellent opportunity to update and make the space your own. The Royal Club offers direct beach access and access to Miami Beach’s beautiful 7-mile paved Beachwalk, perfect for walking, jogging and biking along the ocean. Residents enjoy a pool, fitness center, sauna, clubhouse, secured entry and on-site management. The building has completed its 40-year recertification along with substantial improvements to its common areas and amenities. Prime Mid-Beach location minutes from the Faena District, South Beach, restaurants, hotels, shopping and everything Miami Beach has to offer.
Features
- Pantry
- Walk-In Closet(s)
- Open Balcony
- Intracoastal View
- Skyline
- Water View
Leasing
- Minimum lease
- 365 days
- Leases permitted per year
- 2
- No Daily Rentals
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.