BEST PRICED IN BUILDING – Short-Term Rentals Allowed! Discover an exceptional oceanfront opportunity in Miami Beach where investment potential meets beachfront luxury. This beautifully maintained split-floor plan residence sits first row on the ocean with direct beach access and stunning bay views, offering the rare advantage of short-term rental flexibility in one of Miami Beach's most desirable locations. Enjoy complimentary beach chairs provided by this meticulously kept building while generating impressive rental income or creating your personalized coastal retreat. With generous closet space throughout and well-preserved original finishes, this unit presents the perfect canvas to customize to your exact vision and style. Whether you're an investor seeking maximum returns or a discerning buyer looking for beachfront value, this is your chance to own a piece of paradise at an unbeatable price in a prime oceanfront building. Maintenance includes cable, high-speed internet, and water. All building structural updates are complete, including brand new elevators, roof, hallways & more. No construction impact.
Sold for $505,000
$505,000
5601 Collins Ave APT 720, Miami Beach, FL 33140
2beds
1,290sqft
Condominium
Built in 1968
-- sqft lot
$517,800 Zestimate®
$391/sqft
$3,946 Estimated rent
Home value
$517,800
$492,000 - $544,000
$3,946/mo
Zestimate® history
Owner options
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$3,946/mo
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$3,946/mo
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$5,104/mo
Est. payment
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$5,104/mo
Est. payment
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List your homeWhat's special
Direct beach accessComplimentary beach chairsWell-preserved original finishesStunning bay viewsPrime oceanfront buildingGenerous closet space throughout
Zillow last checked:
Listing updated:
Listed by:
Manuela Nieto 786-498-4988,
Miami Beach Real Estate Group
Bought with:
Graciela Barron, 3253134
AWA Realty LLC
Source: MIAMI,MLS#: A11959066
Originating MLS: A-Miami Association of REALTORS
Originating MLS: A-Miami Association of REALTORSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Other
Cooling
- Central Air
Appliances
- Included: Dishwasher, Microwave, Refrigerator
- Laundry: Common Area
Features
- Flooring: Ceramic Tile
- Windows: Clear Impact Glass, Blinds
- Furnished: Yes
Interior area
- Total structure area: 1,290
- Total interior livable area: 1,290 sqft
Property
Parking
- Total spaces: 1
- Parking features: 1 Space
- Garage spaces: 1
Accessibility
- Accessibility features: Accessible Elevator Installed
Features
- Entry location: First Floor Entry
- Exterior features: Balcony
- Pool features: Association
- Has view: Yes
- View description: Bay
- Has water view: Yes
- Water view: Bay
- Waterfront features: Ocean Access, Ocean Front, Bay
- Frontage type: Bay/Harbor
Details
- Parcel number: 0232110622510
Construction
Type & style
- Home type: Condo
- Property subtype: Condominium
- Attached to another structure: Yes
Materials
- CBS Construction
- Foundation: Raised
Condition
- Year built: 1968
Community & neighborhood
Security
- Security features: Doorman, Security Guard, Lobby Secured
Location
- Region: Miami Beach
- Subdivision: The Pavilion Condo
HOA & financial
HOA
- Has HOA: Yes
- HOA fee: $1,578 monthly
- Amenities included: Barbecue, Laundry, Community Room, Elevator(s), Fitness Center, Pool, Private Beach Pavilion, Trash
Other fees
- Application fee: $150
- Pet fee: $0
Other
Other facts
- Listing terms: All Cash,Conventional
- Ownership: Other Ownership
Price history
| Date | Event | Price |
|---|---|---|
| 5/15/2026 | Sold | $505,000-7.3%$391/sqft |
Source:  MIAMI #A11959066 Report a problem | ||
| 3/30/2026 | Pending sale | $545,000$422/sqft |
Source: MIAMI #A11959066 Report a problem | ||
| 2/5/2026 | Listed for sale | $545,000$422/sqft |
Source: MIAMI #A11959066 Report a problem | ||
| 2/1/2026 | Listing removed | $545,000$422/sqft |
Source: MIAMI #A11838967 Report a problem | ||
| 11/14/2025 | Price change | $545,000-8.4%$422/sqft |
Source: MIAMI #A11838967 Report a problem | ||
| 10/19/2025 | Price change | $595,000-5.5%$461/sqft |
Source: MIAMI #A11838967 Report a problem | ||
| 9/3/2025 | Price change | $629,900-9.4%$488/sqft |
Source: MIAMI #A11838967 Report a problem | ||
| 7/11/2025 | Listed for sale | $695,000+414.8%$539/sqft |
Source: MIAMI #A11838967 Report a problem | ||
| 6/2/1994 | Sold | $135,000$105/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,144 +3.2% | $209,200 +2.9% |
| 2024 | $3,046 +3.2% | $203,305 +3% |
| 2023 | $2,953 +4.5% | $197,384 +3% |
| 2022 | $2,826 +0.8% | $191,635 +3% |
| 2021 | $2,802 +1.4% | $186,054 +1.4% |
| 2020 | $2,762 +2.9% | $183,486 +2.3% |
| 2019 | $2,686 +5.8% | $179,361 +1.9% |
| 2018 | $2,538 | $176,017 +2.1% |
| 2017 | $2,538 +1.3% | $172,397 +2.1% |
| 2016 | $2,506 -0.6% | $168,852 +0.7% |
| 2015 | $2,522 -39.9% | $167,679 +0.8% |
| 2014 | $4,193 +8% | $166,349 -20.2% |
| 2013 | $3,881 | $208,549 +10% |
| 2012 | $3,881 -1.1% | $189,590 +4.2% |
| 2011 | $3,924 +4.6% | $182,006 -13.6% |
| 2010 | $3,751 +1.8% | $210,650 -4% |
| 2009 | $3,685 -50.1% | $219,430 -40% |
| 2007 | $7,378 +50.5% | $365,720 |
| 2006 | $4,903 | -- |
| 2005 | $4,903 -1.9% | -- |
| 2004 | $4,996 +24.8% | -- |
| 2003 | $4,002 +15% | -- |
| 2002 | $3,480 | -- |
| 2001 | $3,480 | -- |
Find assessor info on the county website
Neighborhood: Oceanfront
Nearby schools
GreatSchools rating
- 10/10North Beach Elementary SchoolGrades: PK-5Distance: 1.7 mi
- 5/10Nautilus Middle SchoolGrades: 6-8Distance: 1.7 mi
- 5/10Miami Beach Senior High SchoolGrades: 9-12Distance: 2.7 mi
Schools provided by the listing agent
- Elementary: North Beach
- Middle: Nautilus
- High: Miami Beach
Source: MIAMI. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$517,800
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$517,800
- Florida
- Miami-Dade County
- Miami Beach
- 33140
- Oceanfront
- 5601 Collins Ave Apartment 720
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