For sale

Price cut: $50K (7/1)

$690,000

5601 Collins Ave APT 505, Miami Beach, FL 33140

2beds

930sqft

$4,762/mo

Get pre-qualified

Condominium

Built in 1968

-- sqft lot

$-- Zestimate^®

$742/sqft

$-- HOA

What's special

Two bedroomsHeated swimming poolAbundant closet space throughoutExceptional floor planDirect ocean front residenceSpacious unit

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.

175 days
178
13

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 2
Bathrooms: 2
Full bathrooms: 2

Heating

Central, Other

Cooling

Central Air

Appliances

Included: Dishwasher, Electric Water Heater, Microwave, Electric Range, Refrigerator
Laundry: Common Area

Features

Flooring: Tile
Doors: High Impact Doors

Interior area

Total structure area: 930
Total interior livable area: 930 sqft

Video & virtual tour

View virtual tour

Property

Parking

Total spaces: 1
Parking features: 1 Space
Garage spaces: 1

Features

Entry location: First Floor Entry
Patio & porch: Deck, Patio
Exterior features: Barbecue
Has private pool: Yes
Pool features: Private Pool
Has view: Yes
View description: Ocean
Has water view: Yes
Water view: Ocean
Waterfront features: Ocean Front

Details

Parcel number: 0232110620540

Construction

Type & style

Home type: Condo
Property subtype: Condominium
Attached to another structure: Yes

Materials

Concrete Block Construction

Condition

Year built: 1968

Utilities & green energy

Electric: Circuit Breakers

Community & HOA

Community

Security: Smoke Detector, Security Guard
Application fee: $100
Pet fee: $150
Subdivision: The Pavilion Condo

HOA

Has HOA: Yes
Amenities included: Barbecue, Bike Storage, Cabana, Laundry, Elevator(s), Fitness Center, Exterior Lighting, Pool, Trash

Location

Region: Miami Beach

Financial & listing details

Price per square foot: $742/sqft
Tax assessed value: $498,300
Annual tax amount: $8,390
Date on market: 2/12/2026
Listing terms: All Cash,Conventional

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
7/1/2026	Price change	$690,000-6.8%$742/sqft
Source: MIAMI #A11977899 Report a problem
4/21/2026	Price change	$740,000-1.3%$796/sqft
Source: MIAMI #A11977899 Report a problem
4/10/2026	Price change	$750,000-2.5%$806/sqft
Source: MIAMI #A11977899 Report a problem
3/9/2026	Listed for sale	$769,000+654.7%$827/sqft
Source: MIAMI #A11977899 Report a problem
6/20/1994	Sold	$101,900$110/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$8,390 +5.7%	$419,287 +10%
2024	$7,936 +4.9%	$381,170 +10%
2023	$7,565 +25.4%	$346,519 +10%
2022	$6,032 +9.1%	$315,018 +10%
2021	$5,529 -10.2%	$286,380 -10%
2020	$6,160 +5.4%	$318,200 +5.5%
2019	$5,843 +1.5%	$301,500 +3.9%
2018	$5,758	$290,126 +10%
2017	$5,758 +9.4%	$263,751 +10%
2016	$5,261 +6.8%	$239,774 +10%
2015	$4,927 +12.6%	$217,977 +10%
2014	$4,377 +11%	$198,161 -6.5%
2013	$3,944	$211,937 +10%
2012	$3,944 -1.1%	$192,670 +4.2%
2011	$3,988 -15.6%	$184,963 -13.6%
2010	$4,724 +3%	$214,080 -4%
2009	$4,587 -38.8%	$223,000 -40%
2007	$7,498 +50.5%	$371,670
2006	$4,983	--
2005	$4,983 -1.9%	--
2004	$5,078 +41.9%	--
2003	$3,579 +15%	--
2002	$3,113	--
2001	$3,113	--