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Waterfront · Condominium
$675,000$628 / sqft
2625 Collins Ave # 1109, Miami Beach FL 33140
Listed
2
Bedrooms
3
Bathrooms
1,075 sqft
Interior
1980
Year built
$940 / mo
HOA
Condominium
Type
About this home
This building checks all the boxes. Sitting 11 floors above the dunes, between the Atlantic Ocean and Lake Pancoast is why you chose Miami Beach. Swimming, boating, parasailing and shelling are outside your door. Just north of Lincoln Rd, free shuttles outside the building will sweep you away for shopping, the New World Synphony, Filmore concerts or the MB Convention Center trade shows. This unit is what all others aspire to be; masterfully planned by the owners sparing no expense from start to finish. This 2-bedroom conversion offers water views of beautiful Lake Pancoast with watercraft rentals, sunsets and City views. Or take an elevator ride down to ride the ocean waves. Upgrades of $200K+. #1109 displays classic lines, mono-neutral tones and products to endure time. Samsung appliances, tankless water heater and AC <2 years old; Insigna wine cooler. New electric panel w/ 95% new electrical; all new plumbing; Impact doors, engineered white oak wood floor. Bike storage in basement level for 2 bikes; add'l unit storage on 6th floor; Amenities include 2nd floor activities room with billiards, ping pong, clubhouse, community room. 1 covered pkg; B17+ visitor parking; laundry on unit floor (W-D not allowed in units). WIFI included in HOA. Parking garage improvements wrapping up. 90-day rentals allowed. ESA/Service Animals WELCOMED. Promenade Beautification Planning is underway by City MB. No assessments. Call LA, 24 hr notice. Appts only.
Features
- Lobby
- First Floor Entry
- Cooking Island
- Fire Sprinklers
- Split Bedroom
- East Of Us1
- Open Balcony
- Lake
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.