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Waterfront · Condominium
$889,750$832 / sqft
5701 Collins Ave, Miami Beach FL 33140
Listed
2
Bedrooms
2
Bathrooms
1,070 sqft
Interior
1969
Year built
$1,712 / mo
HOA
Condominium
Type
About this home
RARE DIRECT OCEANFRONT CORNER PENTHOUSE AT ARLEN BEACH | MID-BEACH | 2 BEDROOMS | 2 BATHS | Exceptional opportunity to own a stunning corner penthouse in Miami Beach. This approximately 1,100-square-foot, 2-bedroom, 2-bath residence captures the essence of elevated coastal living, offering exquisite ocean views from every room By Far the best unit in the building. Generous living space, comfortable bedrooms with direct ocean views, and an inviting setting for both relaxed everyday living and entertaining. South and East exposures provide beautiful light while expansive ocean views create a captivating connection to the spectacular Miami Beach coastline. Wake up to breath-taking sunrises over the Atlantic and enjoy the serenity of oceanfront living from this desirable penthouse setting. Located in coveted Mid-Beach, Arlen Beach places you directly on the beach, and boasts of included amenities: 24 Hour Door Attendant, beach AND pool service, heated pool, on-site full-service restaurant and beauty salon, saunas, well-equipped gym, billiards room, theater, included cable, and WiFi .
Features
- First Floor Entry
- Built-in Features
- Closet Cabinetry
- Fire Sprinklers
- Split Bedroom
- Volume Ceilings
- Walk-In Closet(s)
- Open Balcony
- Ocean View
- Direct Ocean
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–$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.