$550,000

5601 Collins Ave #622, Miami Beach, FL 33140

Bedrooms
2
Baths
2
Living area
930 ft²
Price per ft²
$591 / ft²
Type
Condo
Year built
1968
On market
107 days on market
MLS #
A12033745

Experience the pinnacle of coastal luxury living in this absolutely remodeled, turnkey oceanfront residence on prestigious Collins Avenue. This pristine unit has been masterfully converted into a sophisticated 1-bedroom and a complete versatile interior room and two beautifully appointed full bathrooms. No expense was spared in the upscale finishes, offering a seamless blend of modern elegance and beachside comfort. Wake up to dynamic views of Collins Avenue and step right out onto the sand and beach walk. Designed for the discerning buyer, this property comes fully turnkey—ready for you to move right in or immediately start generating income. Whether you are looking for a private luxury oasis or a high-performing addition to your investment portfolio, this building features a highly lucrative rental program that maximizes ROI. Enjoy unbeatable proximity to Miami Beach’s finest dining, shopping, and nightlife. A true coastal gem and an absolute must-see! Special assessment: $195.94 till 10/28, $250.78 till 12/39 and $169.21 till 7/38. Total monthly $1843.08

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 $591. The median for recorded sales in the same ZIP codes is $607/ft² — putting it close to the median.
  • Position in the area’s price distributionThe asking price is $550,000; the median of recorded sales in the area is $585,000 (2,215 sales). On raw price that is 6% below 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%$165,000
Term

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

Estimated monthly payment$2,548
Loan amount
$385,000
Total interest over the term
$532,460
Total repaid
$917,460

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

Ocean Pavilion Realty Group LLC

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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