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Waterfront · Condominium
$499,000$537 / sqft
5601 Collins Ave # 9, Miami Beach FL 33140
Listed
2
Bedrooms
2
Bathrooms
930 sqft
Interior
1968
Year built
$1,118 / mo
HOA
Condominium
Type
About this home
OCEANFRONT FURNISHED PENTHOUSE: 5601 Collins Ave, very secure mid-beach area; SW end-unit QUIET TOTAL PRIVACY & SAFETY! Extra-long full triple length18th-fl PENTHOUSE balcony overlooks sunsets, skyline, bay/intercostal and golf course views. New garbage disposal, fridge; ensuite full baths. Free covered garage valet pkg--alao assigned self-parking space in garage by elevators. ALL FREE: AC, fiber optic INTERNET&CABLE, hot/cold water, bike storage, , gym, barbecue area, and free use of beachside and pool lounges. Short & long RENTALS. New impact windows and elevators. New carpeting and freshly painted hallways. Concrete walls between units. Lighted beach walk is easy biking to South Beach or up to Haulover Cut. Safe community with excellent public transportation & free trolleys.
Features
- Fire Sprinklers
- Other
- Barbeque
- Courtyard
- Bay
Leasing
- Minimum lease
- Not stated
- 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
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.