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Waterfront · Condominium
$3,399,000$2,097 / sqft
3737 Collins Ave # 1003, Miami Beach FL 33140
Listed
2
Bedrooms
3
Bathrooms
1,621 sqft
Interior
2008
Year built
$3,550 / mo
HOA
Condominium
Type
About this home
Perched on the coveted southwest corner of The Caribbean’s prized 03 line, this 10th-floor residence commands panoramic ocean, bay, and skyline views from every major room. A 700+ SF wraparound terrace creates true indoor-outdoor living overlooking the Atlantic. The 2-bedroom, 2.5-bath layout is wrapped in floor-to-ceiling glass, bringing natural light and water views throughout the residence. Located directly on the sand in the heart of Miami Beach’s Faena District, The Caribbean is surrounded by the area’s most important luxury destinations. Steps from Faena, The Edition, Soho Beach House, Fontainebleau, the Miami Beach Boardwalk, and the upcoming Aman Resort & Residences and Casa Cipriani. Residents enjoy 24-hour doorman and concierge service, a beachfront pool, direct ocean access with towel and chair service, fitness center, club room, wine cellar, and cigar humidor. A rare opportunity in one of Miami Beach’s most exclusive boutique oceanfront buildings.
Features
- First Floor Entry
- East Of Us1
- Other
- Open Balcony
- Ocean View
- Direct Ocean
- Skyline
- Water View
Leasing
- Minimum lease
- Not stated
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–$9,500.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.