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Waterfront · Condominium
$500,000$420 / sqft
5600 Collins Ave # 11W, Miami Beach FL 33140
Listed
2
Bedrooms
2
Bathrooms
1,190 sqft
Interior
1967
Year built
$1,245 / mo
HOA
Condominium
Type
About this home
5600 Collins Ave APT 11W, Miami Beach, FL is a condo home that is 1,190 sq ft with 2 bedrooms and 2 full baths located on millionaires row. The spacious balcony overlooks partial views of the ocean across the street. The unit has recently had updates such as new light grey laminate flooring, painting throughout, and various new stainless steel appliances (some still in plastic) ready for a new owner to move in enjoy the custom refrigerated wine bar. The layout is perfect year round living or an ideal investment property that has internet, cable tv, ac, and utilities included in HOA dues. Rentals allowed once a month (30 day minimum), seasonally, or annually. A Full Service Building including a State of the Art Full Gym Fitness Center, Pool w/ Cabanas, Party Room.
Features
- Lobby
- Elevator
- Open Balcony
- Other 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 2-bed rentals in Miami Beach, from 200 active listings; the middle half ask $3,595–$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.