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Waterfront · Condominium
$6,900,000$1,934 / sqft
5845 Collins Ave, Miami Beach FL 33140
Listed
4
Bedrooms
4
Bathrooms
3,567 sqft
Interior
1982
Year built
$3,636 / mo
HOA
Condominium
Type
About this home
Over 3500 SF of extraordinary oceanfront living in an intimate, private boutique building in one of Miami Beach’s most beautiful settings. Occupying the entire front of the building, this exceptional double-corner residence offers breathtaking direct ocean views, has three balconies, and the privacy and scale of a true oceanfront home. Completely renovated from top to bottom with over $1 million in upgrades, every detail reflects impeccable design and the finest materials and finishes. A private elevator lobby opens to exquisite interiors featuring elegant herringbone tile floors, floor-to-ceiling impact glass, and a spectacular layout designed to maximize the views. The stunning chef’s kitchen features Gaggenau and Sub-Zero premium appliances, custom millwork and a large pantry. Four bedrooms, three-and-a-half baths, a dedicated office, and a media room/den provide exceptional flexibility and space. The luxurious primary suite includes a beautifully designed full room closet. Every detail considered from the wet bar to the lutron lighting and blinds- even has a large in-unit laundry room for convenience. Rarely found in a boutique oceanfront residence, the property includes three dedicated parking spaces plus guest parking and two oversized storage closets to complete this remarkable offering. A truly exceptional private oceanfront residence combining grand proportions, uncompromising quality, and an extraordinary level of privacy in Miami Beach.
Features
- Bar
- Closet Cabinetry
- Cooking Island
- Elevator
- Pantry
- Walk-In Closet(s)
- Wet Bar
- Den/Library/Office
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 4-bed rentals in Miami Beach, from 13 active listings; the middle half ask $35,000–$55,000.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.