$690,000

5601 Collins Ave #505, Miami Beach, FL 33140

Bedrooms
2
Baths
2
Living area
930 ft²
Price per ft²
$742 / ft²
Type
Condo
Year built
1968
On market
224 days on market
MLS #
A11977899

Beautiful direct ocean front residence with breathtaking ocean views from almost every room. the spacious unit features two bedrooms and two full bathrooms, an exceptional floor plan, and abundant closet space throughout. The building offers outstanding amenities including a magnificent fully equipped gym, a heated swimming pool, BBQ area in the backyard, and a 24 hours security for comfort and peace of mind. Short terms rentals (VRBO) are permitted, making this property and excellent income-producing investment or the perfect place to relax and enjoy life by the peaceful ocean.

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 $742. The median for recorded sales in the same ZIP codes is $607/ft² — putting it 22% above the median.
  • Position in the area’s price distributionThe asking price is $690,000; the median of recorded sales in the area is $585,000 (2,215 sales). On raw price that is 18% above the median — this line does NOT adjust for property type or size.

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%$207,000
Term

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

Estimated monthly payment$3,197
Loan amount
$483,000
Total interest over the term
$667,995
Total repaid
$1,150,995

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

Galiano Realty Group

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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