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Waterfront · Condominium
$1,099,000$796 / sqft
4775 Collins Ave # 507, Miami Beach FL 33140
Listed
2
Bedrooms
2
Bathrooms
1,380 sqft
Interior
2000
Year built
$1,812 / mo
HOA
Condominium
Type
About this home
Rarely on the market, this split floor plan lowest priced 2-bedroom, 2-bath corner residence at the Green Diamond is on the 5th floor. Offers a truly unique feature—a huge wraparound terrace larger than those on higher floors. The light-filled home has brand-new flooring, stovetop, and water heater, complemented by floor-to-ceiling windows. The bright eat in kitchen has granite counter tops with dual sinks. A spacious en-suite primary bedroom has a large walk in closet and a marble bathroom with a jacuzzi tub and dual sinks. The 2nd bedroom also has a connecting marble bathroom and washer/dryer. With its bright, airy ambiance and exceptional indoor-outdoor flow, this residence presents a one-of-a-kind living experience. Building offers 1st class amenities: 24hr. security, valet, concierge, tennis court, pool, gym, free classes-yoga, Pilates, aerobics & Zumba, café/market, 16,000SF oceanside club & spa, steam rooms, saunas, indoor/outdoor hot tubs & massage therapists. Please click the virtual tour link to see a video of the property.
Features
- First Floor Entry
- Open Balcony
- Tennis Court(s)
- Ocean View
- Other View
- Tennis Court View
Leasing
- Minimum lease
- 180 days
- Leases permitted per year
- 2
- Ok To Lease
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.