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Waterfront · Condominium
$349,000$415 / sqft
5838 Collins Ave # 15F, Miami Beach FL 33140
Listed
1
Bedrooms
2
Bathrooms
840 sqft
Interior
1970
Year built
$900 / mo
HOA
Condominium
Type
About this home
Experience quintessential Miami Beach living from this elevated coastal sanctuary at 5838 Collins Ave, Unit 15F. Perched on Millionaire’s Row, this residence offers breathtaking panoramic views of the Intracoastal Waterway, lush island estates, and the dynamic Miami skyline. Step inside to a brilliantly illuminated, open floor plan anchored by beautiful wide-plank wood-style flooring. Floor-to-ceiling glass doors frame endless blue horizons and open to your private balcony—the perfect spot to watch yachts glide by day and city lights sparkle by night. Total peace of mind is guaranteed with both high-impact windows and heavy-duty storm shutters. The thoughtful layout maximizes utility and comfort. It features a spacious walk-in closet with built-in shelving and a dedicated wooden desk and cabinetry nook perfect for a home office. The primary dressing area boasts an extended vanity with crisp white shaker cabinetry and modern lighting, while the bathroom invites relaxation with a deep jetted soaking tub surrounded by elegant stone-style tile. Perfectly positioned between the vibrant energy of South Beach and the quiet sophistication of Bal Harbour, with the ocean just steps away across the street. This impeccable residence offers an extraordinary opportunity to embrace the ultimate South Florida waterfront lifestyle.
Features
- Lobby
- Roman Tub
- Walk-In Closet(s)
- Open Balcony
- Bay
- Water View
Leasing
- Minimum lease
- 180 days
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.