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Condominium
$581,000$399 / sqft
7135 Collins Ave # 435, Miami Beach FL 33141
Listed
2
Bedrooms
2
Bathrooms
1,455 sqft
Interior
1970
Year built
$960 / mo
HOA
Condominium
Type
About this home
AN EXCEPTIONAL OPPORTUNITY TO CREATE YOUR DREAM OCEANFRONT RESIDENCE AT THE ICONIC BURLEIGH HOUSE IN MIAMI BEACH. THIS UNIT IS IN ORIGINAL CONDITION AND REQUIRES A COMPLETE RENOVATION, MAKING IT THE PERFECT BLANK CANVAS FOR A BUYER WITH VISION. AT THIS PRICE, THE VALUE IS TRULY REMARKABLE, ESPECIALLY FOR A PROPERTY OFFERING DIRECT ACCESS TO THE BEACH, THE ATLANTIC OCEAN, AND MIAMI BEACH’S SCENIC BOARDWALK. IMAGINE DESIGNING A MODERN COASTAL RETREAT TAILORED ENTIRELY TO YOUR TASTE WHILE ENJOYING ONE OF THE MOST DESIRABLE LIFESTYLES IN SOUTH FLORIDA. STEP OUTSIDE AND YOU ARE IMMEDIATELY CONNECTED TO MILES OF WATERFRONT WALKING AND BIKING PATHS, WHITE-SAND BEACHES, AND INCREDIBLE OCEAN VIEWS. THE UNBEATABLE LOCATION ALSO PLACES YOU NEAR RESTAURANTS, SHOPPING, ENTERTAINMENT, AND EVERYTHING MIAMI BEACH HAS TO OFFER. WHETHER YOU ARE AN INVESTOR, END USER, OR SEASONAL RESIDENT, THIS IS A RARE CHANCE TO TRANSFORM AN ORIGINAL UNIT INTO A SPECTACULAR CUSTOM HOME. OPPORTUNITIES COMBINING THIS PRICE, LOCATION, AND DIRECT OCEAN ACCESS ARE EXTREMELY DIFFICULT TO FIND.
Features
- Lobby
- First Floor Entry
- None
- Skyline
Leasing
- Minimum lease
- 365 days
- Leases permitted per year
- 1
- No Daily Rentals
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 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.