5801 Collins Ave Apt 1200
Miami Beach, FL 33140 · condos · For Sale · 170 days on market
Asking price$4,299,000
5 beds 7 baths 4,599 sqft
Suggested offer$2,636,111$1,662,889 above the est. market value of $2,636,111.
View on Realtor.com →Listed by Devin Kay · Douglas Elliman - 5555 Biscayne Blvd
Typecondos
Built2002
Price / sqft$935
Est. value (own analysis)$2,636,111
Rent estimate (own analysis)$30,000/mo
HOA$8,600/mo
1 / 78
Show every detail
Statusfor_sale
Listed date2026-03-16
Removed date—
MLSMiamiMLS #A11979450
Coordinates25.83970, -80.12039
Address5801 Collins Ave Apt 1200
CityMiami Beach
StateFL
Zip33140
Listing ID5989193420
Sourceus-real-estate-listings, cached 2026-08-28
ZIP market snapshot (33140)
Typical home value (ZHVI)$684,558
Typical rent (ZORI)$3,694/mo
Zillow Research's ZHVI (home value index) and ZORI (rent index) for this ZIP, as of 2026-07 — free published data, refreshed monthly, no RentCast quota spent. "Typical value/rent" is a smoothed index, not a literal median of active listings.
Underwriting (buy-and-hold, default assumptions)
| Acquisition (one-time, not monthly/yearly) | |
| Purchase price | $4,299,000 |
| Down payment (20.0%) | $859,800 |
| Loan amount | $3,439,200 |
| Closing costs (5.0%) | $214,950 |
| Total cash to close | $1,074,750 |
| Income | |
| Rent (comp-derived) | $30,000$360,000 |
| Vacancy loss (8.0%) | |
| Effective gross income | $27,600$331,200 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $6,807$81,681 |
| Insurance (placeholder 0.8% of price) | $2,866$34,392 |
| HOA dues | $8,600$103,200 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $1,500$18,000 |
| Total operating expenses | $19,773$237,273 |
| Net operating income (NOI) | |
| Debt service & reserves | |
| Debt service (6.66%, avg 30yr rate as of 2026-08-27, 30yr amortizing) | |
| CapEx reserve (5.0% of GSR) | $1,500$18,000 |
| Mortgage insurance (PMI) (0.0% of loan, not required — down payment ≥ 20%) | $0$0 |
| Cash flow |
Cap rate
Cash-on-cash
DSCR
Rent-to-price (1% rule)
Gross rent multiplier
Operating expense ratio
Break-even occupancy
Comparables
Same ZIP. Real active rental listings, used to derive the rent estimate above.
| Address | Type | Beds | Baths | Sqft | Asking rent | Listed | Days on market |
|---|---|---|---|---|---|---|---|
| condos | 5 | 5 | 3,510 | $20,000 | 2026-06-26 | — | |
| condos | 5 | 7 | 4,500 | $100,000 | 2025-11-07 | — | |
| condos | 5 | 7 | 4,599 | $30,000 | 2026-04-30 | — |
Widened to any bedroom count in ZIP. Closed sales from Realtor.com over the last 12 months, matched to this property's type — real transaction prices, not asking prices. Falls back to Miami-Dade County public records (property appraiser tax roll) when Realtor.com has no sales on file for the area.
| Address | Type | Beds | Baths | Living sqft | Sale price | Sale date |
|---|---|---|---|---|---|---|
| 5775 Collins Ave Apt 506 | condos | 2 | 3 | 1,363 | $3,800,000 | 2026-09-02 |
| 4775 Collins Ave Apt 1504 | condos | 2 | 2 | 1,490 | $1,350,000 | 2026-09-01 |
| 5445 Collins Ave Apt BAY14 | condos | 1 | 1 | 950 | $520,000 | 2026-09-01 |
| 4747 Collins Ave Apt 1109 | condos | 2 | 2 | 1,134 | $650,000 | 2026-09-01 |
| 5555 Collins Ave Apt 3N | condos | 2 | 2 | 1,301 | $675,000 | 2026-08-31 |
| 5775 Collins Ave Apt 1501 | condos | 4 | 6 | 3,443 | $13,600,000 | 2026-08-31 |
| 2463 Pine Tree Dr Unit Ph | condos | 2 | 2 | 1,320 | $675,000 | 2026-08-28 |
| 2642 Collins Ave Apt 303 | condos | 2 | 2 | 1,020 | $405,000 | 2026-08-28 |
| 2555 Collins Ave Apt 1002 | condos | 2 | 2 | 1,005 | $650,000 | 2026-08-26 |
| 5255 Collins Ave Apt 9F | condos | 1 | 2 | 1,475 | $845,000 | 2026-08-26 |
| 2455 Flamingo Dr Apt 201 | condos | 2 | 2 | 1,300 | $530,000 | 2026-08-25 |
| 5660 Collins Ave Apt 14C | condos | 2 | 3 | 2,210 | $1,090,000 | 2026-08-24 |
| 5600 Collins Ave Apt 15B | condos | 2 | 2 | 1,190 | $529,000 | 2026-08-21 |
| 2625 Collins Ave Apt 1601 | condos | 1 | 2 | 1,075 | $575,000 | 2026-08-20 |
| 5401 Collins Ave Apt 1135 | condos | 2 | 2 | 1,340 | $835,000 | 2026-08-19 |
| 5970 Indian Creek Dr Unit 207 | condos | 2 | 2 | 1,331 | $785,000 | 2026-08-17 |
| 3737 Collins Ave Unit S803 | condos | 2 | 3 | 1,621 | $2,100,000 | 2026-08-14 |
| 5555 Collins Ave Apt 4B | condos | 2 | 2 | 1,047 | $395,000 | 2026-08-14 |
| 5401 Collins Ave Apt 819 | condos | 4 | 3 | — | $800,000 | 2026-08-14 |
| 4775 Collins Ave Apt 2806 | condos | 1 | 2 | 1,100 | $1,030,000 | 2026-08-14 |
| 5555 Collins Ave Apt 12N | condos | 2 | 2 | 1,301 | $720,000 | 2026-08-12 |
| 4201 Indian Creek Dr Apt 2 | condos | 0 | 1 | 400 | $190,000 | 2026-08-07 |
| 4391 Collins Ave Unit 1814 | condos | 0 | 1 | 538 | $830,000 | 2026-08-06 |
| 5601 Collins Ave Apt 511 | condos | 1 | 2 | 930 | $550,000 | 2026-08-03 |
| 6039 Collins Ave Apt 924 | condos | 2 | 2 | 1,206 | $515,000 | 2026-07-31 |
| 5401 Collins Ave Apt 208 | condos | 2 | 3 | 1,430 | $835,000 | 2026-07-31 |
| 5640 Collins Ave Apt 6D | condos | 3 | 2 | 2,010 | $1,060,000 | 2026-07-30 |
| 2901 Collins Ave Unit 1501 | condos | 4 | 5 | 3,764 | $13,500,000 | 2026-07-27 |
| 5601 Collins Ave Apt 711 | condos | 1 | 2 | 930 | $595,000 | 2026-07-27 |
| 2401 Collins Ave Apt 602 | condos | 2 | 2 | 1,266 | $1,080,000 | 2026-07-24 |
| 5445 Collins Ave Apt L3 | condos | 1 | 2 | 430 | $275,000 | 2026-07-24 |
| 6039 Collins Ave Apt 1126 | condos | 3 | 2 | 1,605 | $1,000,000 | 2026-07-23 |
| 2457 Collins Ave Apt 1703 | condos | 1 | 2 | 1,389 | $1,150,000 | 2026-07-21 |
| 2899 Collins Ave Apt 736 | condos | 1 | 1 | 726 | $306,000 | 2026-07-16 |
| 2899 Collins Ave Apt 548 | condos | 1 | 1 | 726 | $335,000 | 2026-07-16 |
| 5255 Collins Ave Unit CU10 | condos | 0 | — | 118 | $55,000 | 2026-07-15 |
| 4401 Collins Ave Unit 1015 | condos | 1 | 2 | 1,066 | $1,237,500 | 2026-07-15 |
| 5970 Indian Creek Dr Unit 502 | condos | 3 | 3 | 1,420 | $740,000 | 2026-07-13 |
| 5445 Collins Ave Apt 610 | condos | 0 | 1 | 400 | $215,000 | 2026-07-10 |
| 3801 Collins Ave Unit 1105 | condos | 3 | 3 | 1,525 | $2,200,000 | 2026-07-10 |
| 5838 Collins Ave Apt 2H | condos | 1 | 2 | 815 | $280,000 | 2026-07-10 |
| 5161 Collins Ave Apt 1003 | condos | 2 | 2 | 1,030 | $650,000 | 2026-07-01 |
| 3737 Collins Ave Unit S801 | condos | 3 | 3 | 1,837 | $3,650,000 | 2026-06-30 |
| 5025 Collins Ave Apt 2409 | condos | 3 | 3 | 2,505 | $3,300,000 | 2026-06-30 |
| 6039 Collins Ave Apt 1607 | condos | 2 | 2 | 1,271 | $430,000 | 2026-06-25 |
| 2655 Collins Ave Apt 1907 | condos | 1 | 2 | 1,122 | $467,500 | 2026-06-24 |
| 4747 Collins Ave Apt 510 | condos | 2 | 2 | 1,134 | $825,000 | 2026-06-18 |
| 255 W 24th St Apt 233 | condos | 0 | 1 | 290 | $180,000 | 2026-06-18 |
| 5600 Collins Ave Apt 5C | condos | 2 | 2 | 1,190 | $400,000 | 2026-06-17 |
| 5660 Collins Ave Apt 20B | condos | 2 | 3 | 2,210 | $952,500 | 2026-06-17 |
Same ZIP. Other properties currently for sale nearby — asking prices, not closed sale prices. Not a price comp; see Sold comps for actual transaction history.
| Address | Type | Beds | Baths | Sqft | Asking price | Days on market |
|---|---|---|---|---|---|---|
| 5801 Collins Ave Apt 1600 | condos | 5 | 5 | 4,977 | $8,500,000 | — |
| 5170 Lagorce Dr | single_family | 5 | 5 | 4,962 | $10,360,000 | — |
| 795 Lakeview Dr | single_family | 5 | 8 | 6,162 | $10,750,000 | — |
| 4430 Alton Rd | single_family | 5 | 6 | 3,581 | $3,787,000 | — |
| 5750 Lagorce Dr | single_family | 5 | 5 | 3,400 | $5,199,000 | — |
| 2388 Prairie Ave | single_family | 5 | 6 | 3,677 | $3,900,000 | — |
| 5860 Pine Tree Dr | single_family | 5 | 5 | 4,636 | $4,450,000 | — |
| 5835 Lagorce Dr | single_family | 5 | 4 | 2,526 | $2,850,000 | — |
10-year hold projection
IRR-1.6%
Equity multiple0.73x
Total return (10yr)$275,239
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $4,427,970 | $93,927 | -$189,288 | $3,401,911 | $1,026,059 |
| 2 | $4,560,809 | $97,931 | -$185,734 | $3,362,062 | $1,198,747 |
| 3 | $4,697,633 | $102,085 | -$182,041 | $3,319,476 | $1,378,157 |
| 4 | $4,838,562 | $106,394 | -$178,205 | $3,273,966 | $1,564,596 |
| 5 | $4,983,719 | $110,864 | -$174,220 | $3,225,331 | $1,758,389 |
| 6 | $5,133,231 | $115,499 | -$170,081 | $3,173,355 | $1,959,875 |
| 7 | $5,287,228 | $120,306 | -$165,783 | $3,117,811 | $2,169,417 |
| 8 | $5,445,845 | $125,291 | -$161,320 | $3,058,452 | $2,387,392 |
| 9 | $5,609,220 | $130,460 | -$156,686 | $2,995,017 | $2,614,203 |
| 10 | $5,777,497 | $135,819 | -$151,875 | $2,927,226 | $2,850,270 |
Assumes 3.0% annual rent growth, 2.5% expense growth, 3.0% appreciation, and a 6.0% selling cost at exit — all placeholder assumptions, not market-derived.