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Waterfront · Condominium
$522,000$544 / sqft
5225 Collins Ave # 1015, Miami Beach FL 33140
Listed
2
Bedrooms
2
Bathrooms
960 sqft
Interior
1962
Year built
$1,808 / mo
HOA
Condominium
Type
About this home
The ocean is your backyard in this oceanfront condo building. Open balcony with views of the ocean, beach and Indian Creek., Maintenance includes condo unit electricity, air conditioning, valet parking, pest control, wi-fi, basic cable, etc...On the ocean The Alexander offers a multitude of amenities such as valet parking, concierge, attended front desk staff, security, two heated swimming pools, hot tubs, gym, steam room, sauna, poolside full liquor bar and food service, full service hair salon, boat rental and boat dock rental at marina, access to the beach, water sports available (jet skis, canoes, kayaks), oceanside boardwalk, bicycles, complimentary for owners beach service (chair lounge and umbrella), poolside cabanas. Hotel rental program available to owners who wish to rent out their units when not using. Impact windows and door, open balcony with ocean view and Indian Creek view. Daily rentals and short term rentals allowed.
Features
- Interior Hall
- Lobby
- First Floor Entry
- Shabbat Elevator
- Fire Sprinklers
- Walk-In Closet(s)
- Open Balcony
- Canal
- Ocean View
- Water 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 2-bed rentals in Miami Beach, from 200 active listings; the middle half ask $3,595–$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.