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Waterfront · Condominium
$525,000$583 / sqft
5445 Collins Ave, Miami Beach FL 33140
Listed
1
Bedrooms
1
Bathrooms
900 sqft
Interior
1966
Year built
$1,315 / mo
HOA
Condominium
Type
About this home
Excellent opportunity to own Bay 11 at Castle Beach Club, a desirable oceanfront condominium located on Collins Avenue in Miami Beach. This spacious unit offers an exceptional opportunity for personal use, a vacation getaway, or investment in a prime beachfront location. Castle Beach Club is an Airbnb-friendly building, offering potential for short-term rental income, subject to condominium rules and applicable regulations. Enjoy direct beach access, resort-style amenities, and a convenient location near South Beach, restaurants, shopping, and entertainment. Don’t miss this opportunity to own in one of Miami Beach’s sought-after oceanfront communitie
Features
- First Floor Entry
- East Of Us1
- None
- Bay
Leasing
- Minimum lease
- 1 day
- Leases permitted per year
- 365
- Daily Rentals Allowed
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
Approximate — shows the building, not the unit.
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–$3,850.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.