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Waterfront · Condominium
$495,000$532 / sqft
5601 Collins ave # 1219, Miami Beach FL 33140
Listed
1
Bedrooms
2
Bathrooms
930 sqft
Interior
1968
Year built
$1,174 / mo
HOA
Condominium
Type
About this home
Turn-key investment opportunity or the perfect coastal retreat! This fully furnished, oversized 1-bedroom, 1.5-bathroom unit is move-in ready and waiting for its next owner. Step inside to find a bright, open floor plan that leads to your private balcony boasting stunning, unobstructed Intracoastal views. Perfect for sunset cocktails or morning coffee. Whether you are looking for a high-potential rental or a personal sanctuary, this unit offers the ultimate South Florida lifestyle. Just minutes from the beach, dining, and shopping. Don’t miss out—bring your toothbrush and start living the dream today! special assessment: $197.23 expires 10/2028, $252.42 expires 12/2039, $170.32 expires 7/2038.
Features
- Fire Sprinklers
- None
- Bay
- Golf View
Leasing
- Minimum lease
- 30 days
- Leases permitted per year
- 12
- 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
Approximate — shows the building, not the unit.
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 1-bed rentals in Miami Beach, from 200 active listings; the middle half ask $2,350–$4,500.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.