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Waterfront · Condominium
$985,000$446 / sqft
5660 Collins Ave # 4B, Miami Beach FL 33140
Listed
3
Bedrooms
3
Bathrooms
2,210 sqft
Interior
1970
Year built
$2,583 / mo
HOA
Condominium
Type
About this home
Opportunity to own a beautifully renovated 3BD/2.5BA residence on the water. Spanning 2,210 SF, with direct ocean views, this bright and spacious condo features floor-to-ceiling windows and a generous private balcony. The fully updated interior showcases modern finishes throughout, including a spa-inspired master bath. Fifty Six-Sixty is an exclusive, 100% owner-occupied community *no rentals permitted* located on the Intracoastal Waterway. Resort-style amenities include a waterfront heated pool, BBQ area, marina with boat slips, fitness center, sauna, bike room, billiard room, party room, and 24-hour concierge with valet. Buy with total confidence: 40-year certification, 50-year certification, and Structural Integrity Reserve Study (SIRS) all completed. Any and all special assessments will be paid in full by the Seller prior to closing. Steps from the sand and the Miami Beach Boardwalk. The ultimate blend of privacy, security, and coastal luxury.
Features
- Built-in Features
- Closet Cabinetry
- Other
- Walk-In Closet(s)
- No Additional Rooms
- Open Balcony
- Bay
- Canal
- Intracoastal 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 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.