$700,000

5151 Collins Ave #925, Miami Beach, FL 33140

Bedrooms
2
Baths
2
Living area
1,030 ft²
Price per ft²
$680 / ft²
Type
Condo
Year built
1966
HOA
$1,057 / mo HOA
On market
734 days on market
MLS #
A11663338

Price Reduced – Motivated Seller! Oceanfront Condo in Miami Beach** This architectural gem, designed by the iconic Morris Lapidus, offers stunning ocean views and breathtaking sunsets from its balcony. The remodeled unit features 1,030 square feet, 2 spacious bedrooms, 2 bathrooms, a modern kitchen with quartz countertops and stainless steel appliances, along with a brand-new air conditioning system. The building has completed its 40-50 year recertification, ensuring safety and structural integrity. Luxury amenities include direct beach access, a gym, common areas, assigned parking, valet parking, and 24-hour security. The association fee includes air conditioning, basic cable, and internet.

The MiamiLi Read

The lines below are derived automatically from this listing’s own data and the area’s recorded deed transfers. They are not a personal opinion or investment advice.

  • Price per square footThe asking price per ft² on this listing is $680. The median for recorded sales in the same ZIP codes is $607/ft² — putting it 12% above the median.
  • Position in the area’s price distributionThe asking price is $700,000; the median of recorded sales in the area is $585,000 (2,214 sales). On raw price that is 20% above the median — this line does NOT adjust for property type or size.
  • HOA fee as a share of priceAn HOA fee of $1,057 per month comes to $12,684 a year — 1.8% of the asking price. That amount is deducted from rental yield.

How to read this comparison: the figure on the left is an asking price, while the one on the right is a closed sale median — the two are not the same thing, and the room to negotiate sits inside that gap. The median covers every property type and size in those ZIP codes; it carries no adjustment for a single listing’s floor, view, age or finishes. This box is not an appraisal.

Scope: ZIP codes 33139, 33140, 33141 · arm’s-length sales recorded by the Miami-Dade County Property Appraiser.

Monthly mortgage payment

Estimated monthly loan payment based on this listing's price. Adjust the down payment, rate and term to match your own terms.

30%$210,000
Term

6.95% — Freddie Mac PMMS (FRED) current mortgage rates, 30-year fixed, conforming. Priced September 17, 2026.

Estimated monthly payment$3,244
Loan amount
$490,000
Total interest over the term
$677,676
Total repaid
$1,167,676

Principal and interest only; property tax, insurance and HOA dues are NOT included. This is not a binding offer.

Miami New Realty

Listing data provided by the Southeast Florida MLS (MIAMI REALTORS®) IDX feed. Copyright Southeast Florida Multiple Listing Service © 2026. Accuracy of listing information is not guaranteed. Listing information is provided for personal consumer, non-commercial use, solely to identify potential properties for potential purchase. All other use is strictly prohibited.

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