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Condominium
$302,999$519 / sqft
1255 Collins Ave # 208, Miami Beach FL 33139
Listed
1
Bedrooms
1
Bathrooms
584 sqft
Interior
1965
Year built
$626 / mo
HOA
Condominium
Type
About this home
JUST STEPS FROM OCEAN DRIVE. Building is Perfectly positioned in the heart of South Beach with a Rooftop community pool offering incredible views of south beach and the Miami Skyline. This well-maintained beach residence offers the ideal blend of location, convenience, and privacy. Just steps from the Beach, world-famous Ocean Drive, Lummus Park, top-rated restaurants, cafés, shopping, and nightlife, you’ll enjoy everything Miami Beach has to offer right outside your door. Located within a secure gated community, this bright and inviting residence features the added privacy that come with a desirable corner-unit location. The property also includes fully equipped Gym, ONE assigned parking space—a rare and highly sought-after amenity in South Beach—providing convenience and peace of mind for residents and guests alike. Whether you’re seeking a primary residence, vacation retreat, or investment opportunity, this exceptional South Beach condo delivers the best of Miami Beach living in an unbeatable location.
Features
- Lobby
- Second Floor Entry
- Elevator
- Other View
- None
Leasing
- Minimum lease
- 90 days
- Leases permitted per year
- 3
- No Daily Rentals
- Ok To Lease
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 $2,300–$3,900.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.