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Condominium
$729,900$525 / sqft
5900 Collins Ave # 601, Miami Beach FL 33140
Listed
3
Bedrooms
2
Bathrooms
1,390 sqft
Interior
1998
Year built
$2,022 / mo
HOA
Condominium
Type
About this home
Luxurious waterfront residence on prestigious Millionaire's Row featuring breathtaking panoramic views of the Atlantic Ocean, Intracoastal Waterway, and Miami skyline from every room. This spacious 3BR/2BA condo offers floor-to-ceiling windows, abundant natural light, a private elevator foyer, and an expansive wraparound balcony perfect for enjoying spectacular sunrises and sunsets. Residents enjoy 24-hour security, secured entry, concierge services, and valet parking for added convenience and peace of mind. Includes assigned covered parking plus guest parking. Resort-style amenities include a heated waterfront pool, spa, fitness center, sauna, club room, marina, rooftop sun deck, bike and kayak storage, and easy beach access just steps away. Some photos may be virtually staged.
Features
- Walk-In Closet(s)
- Open Balcony
- Bay
- Canal
- Ocean View
- Water View
Leasing
- Minimum lease
- 365 days
- Leases permitted per year
- 1
- No Daily Rentals
- Okay To Lease 1st Year
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.
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 3-bed rentals in Miami Beach, from 103 active listings; the middle half ask $9,000–$38,000.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.