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Condominium
$1,200,000$864 / sqft
2457 Collins Ave # 1603, Miami Beach FL 33140
Listed
2
Bedrooms
3
Bathrooms
1,389 sqft
Interior
1983
Year built
$1,290 / mo
HOA
Condominium
Type
About this home
A Rare Opportunity on the World's Most Famous Beach Wake up every morning to unobstructed Atlantic Ocean views from your private balcony on the 16th floor. Unit 1603 at 2457 Collins Ave places you directly on Miami Beach's iconic shoreline — where the turquoise waters, white sand, and endless sunshine are not just a backdrop, but your everyday reality. This fully renovated residence is a masterclass in modern coastal luxury. Featuring bespoke terrazzo finishes, custom warm-wood cabinetry, sleek black appliances, and marble-look porcelain floors throughout, every detail has been thoughtfully curated. The open-concept living and dining area flows seamlessly to the balcony, blurring the line between indoors and out. The primary suite offers direct ocean views, a private balcony, and a spa-inspired en-suite bath with a glass-enclosed shower and city views. Step outside and you're steps from the sand, the pool, and the vibrant energy of South Beach. World-class dining, art galleries, nightlife, and the boutiques of Lincoln Road are all within minutes. Whether you're seeking a primary residence, a vacation retreat, or a high-performing short-term rental investment, Unit 1603 delivers the full Miami Beach lifestyle.
Features
- Interior Hall
- Other
- Open Balcony
- Water View
Leasing
- Minimum lease
- 182 days
- Leases permitted per year
- 2
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 $3,600–$9,900.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.