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Waterfront · Condominium
$449,900$536 / sqft
5838 Collins Ave # 2F, Miami Beach FL 33140
Listed
1
Bedrooms
2
Bathrooms
840 sqft
Interior
1970
Year built
$884 / mo
HOA
Condominium
Type
About this home
Oversized and fully remodeled 840 SF unit with direct BAY VIEW from your balcony. Enjoy marble floors throughout, brand new kitchen with stainless steel appliances, smart lighting, and modern finishes. Low second floor - easy access, no waiting for elevators. Features large walk-in closet, spacious primary bath with dual sinks and oversized shower, impact windows and sliding doors. Building is right across from the ocean ! 1 assigned covered parking, guest parking, laundry on every floor, pool, gym, community room. AC included in HOA. Special assessment paid off. Incredible location on Collins Ave in the heart of Millionaire's Row, minutes to North Bay Village - one of Miami's growing areas with billions in new developments coming. Don't miss this opportunity to own in a prime, appreciating location. Move-in ready!
Features
- First Floor Entry
- Walk-In Closet(s)
- Other
- Open Balcony
- Bay
Leasing
- Minimum lease
- 365 days
- Leases permitted per year
- 1
- Ok To Lease
- 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 1-bed rentals in Miami Beach, from 200 active listings; the middle half ask $2,300–$3,850.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.