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Waterfront · Condominium
$1,949,000$689 / sqft
5500 Collins Ave # 702, Miami Beach FL 33140
Listed
3
Bedrooms
4
Bathrooms
2,827 sqft
Interior
1974
Year built
$3,491 / mo
HOA
Condominium
Type
About this home
Gracious living in the Tower House ,a full service waterfront condominium Bldg, featuring 83 oversized units, inhouse restaurant( a $ portion which monthly maintenance covers) boat dock, newly-renovated waterfront pool, tennis, & water-facing workout room. The 02 line is much desired as it's only 1of 2 corner units sitting directly on the Intracoastal Waterway with West, North & South views/exposures. 802 has been tastefully updated & appointed with both elegant & practical furniture. Impact glass door & windows have been installed. The unit is sold furnished with some exclusions (written list provided). Master Bedroom has large walk-in closets & 2 full bathrooms. Bedroom 2 is ensuite. The oversized library doubles as a 3rd bedroom. Additionally a full guest bathroom ,making the total of 4 full bathrooms. location location location- Mid Miami Beach @ 55th & Collins, & just across the street from the Ocean. It does not get better than this!
Features
- First Floor Entry
- Den/Library/Office
- Storage
- Utility Room/Laundry
- Tennis Court(s)
- Bay
- Intracoastal View
- Water View
Leasing
- Minimum lease
- 365 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 3-bed rentals in Miami Beach, from 103 active listings; the middle half ask $9,000–$38,000.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.