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1 Collins Ave # 207, Miami Beach FL 33139
About this home
Rarely available patio oasis with 5,586 SF at One Ocean, a boutique building in the exclusive South of Fifth neighborhood designed by renowned architect Enrique Norten. Two units into one seamless layout with 10-foot ceilings and floor-to-ceiling windows. Accessed through a private foyer and elevator, this full-floor, one-of-a-kind patio home with private hot tub and surrounded by lush tropical landscaping, sits steps from the beach. It has 5 bed, 5.5 bath, staff quarters, and a chef’s kitchen, Sub-Zero and Wolf appliances. One Ocean offers world-class amenities including an infinity-edge pool deck by Swiss landscape architect Enzo Enea, beach service, 24-hour concierge, fitness center and spa, Zen park, security, and valet service. A true sanctuary in the heart of South of Fifth.
Features
- Closet Cabinetry
- Cooking Island
- Laundry Tub
- Pantry
- Garden 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
- $80,905
- HOA
- $1,478,628 / 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.