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Condominium
$7,975,000$2,460 / sqft
1 Collins Ave # 306, Miami Beach FL 33139
Listed
4
Bedrooms
6
Bathrooms
3,242 sqft
Interior
2016
Year built
$8,580 / mo
HOA
Condominium
Type
About this home
One Ocean, an exclusive boutique building in Miami Beach’s highly coveted South of Fifth neighborhood, offers an exceptional level of luxury and privacy. Situated in the most sought-after line in the building, Residence 306 combines the privacy of a single-family home with the personalized service of a luxury condominium. Featuring 3,400 sq. ft. of interior living space, 4 bedrooms, 5 full bathrooms, and a powder room, this extraordinary residence is complemented by an expansive 1,500 sq. ft. wraparound terrace, creating nearly 5,000 sq. ft. of indoor-outdoor living and entertaining. A private elevator opens directly into your personal foyer, while a rare, air conditioned, double height two car garage provides an exceptional level of privacy and convenience. Residents enjoy five-star amenities, 24-hour concierge service, and access to the exclusive Bentley Bay Beach Club, all moments from South of Fifth’s world-class dining, shopping, and entertainment. A rare opportunity to own in one of Miami Beach’s most prestigious addresses.
Features
- Lobby
- Built-in Features
- Closet Cabinetry
- Entrance Foyer
- Walk-In Closet(s)
- Utility Room/Laundry
- Open Balcony
- Garden View
- Pool Area View
Leasing
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 4-bed rentals in Miami Beach, from 13 active listings; the middle half ask $45,000–$60,000.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.