Miami Beach, FL 33140 · condos · For Sale · 96 days on market
Asking price$530,000
1 beds 2 baths 1,560 sqft
Listed by Renata Santos · Coldwell Banker Realty
Typecondos
Built1963
Price / sqft$340
Est. value (own analysis)$828,937
Rent estimate (own analysis)$3,300/mo
HOA$2,425/mo
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Statusfor_sale
Listed date2026-05-29
Removed date—
MLSMiamiMLS #A12026264
Coordinates25.83041, -80.12098
Address
CityMiami Beach
StateFL
Zip33140
Listing ID6110315132
Sourceus-real-estate-listings, cached 2026-08-31
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 | $530,000 |
| Down payment (20.0%) | $106,000 |
| Loan amount | $424,000 |
| Closing costs (5.0%) | $26,500 |
| Total cash to close | $132,500 |
| Income | |
| Rent (comp-derived) | $3,300$39,600 |
| Vacancy loss (8.0%) | |
| Effective gross income | $3,036$36,432 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $839$10,070 |
| Insurance (placeholder 0.8% of price) | $353$4,240 |
| HOA dues | $2,425$29,100 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $165$1,980 |
| Total operating expenses | $3,783$45,390 |
| 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) | $165$1,980 |
| 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 | 1 | 2 | 1,046 | $2,950 | 2026-08-27 | — | |
| condos | 1 | 2 | 1,060 | $3,600 | 2026-08-26 | — | |
| condos | 1 | 2 | 1,041 | $2,750 | 2026-07-08 | — | |
| condos | 1 | 2 | 1,281 | $2,800 | 2026-08-10 | — | |
| condos | 1 | 2 | 1,045 | $3,200 | 2026-07-18 | — | |
| condos | 1 | 2 | 1,560 | $3,490 | 2026-07-06 | — | |
| condos | 1 | 2 | 1,075 | $2,900 | 2026-07-30 | — | |
| condos | 1 | 2 | 1,470 | $3,300 | 2026-06-02 | — | |
| condos | 1 | 2 | 1,260 | $3,850 | 2026-07-08 | — | |
| condos | 1 | 2 | 1,100 | $4,600 | 2025-12-15 | — | |
| condos | 1 | 2 | 1,100 | $4,950 | 2026-02-27 | — | |
| condos | 1 | 2 | 1,100 | $7,000 | 2026-08-13 | — | |
| condos | 1 | 2 | 1,019 | $3,000 | 2026-08-17 | — | |
| condos | 1 | 2 | 1,070 | $3,150 | 2026-06-18 | — | |
| apartment | 1 | 2 | 1,019 | $3,200 | 2026-05-15 | — | |
| condos | 1 | 2 | 1,125 | $3,000 | 2026-01-05 | — | |
| condos | 1 | 2 | 1,160 | $6,650 | 2026-08-11 | — | |
| condos | 1 | 2 | 1,075 | $3,300 | 2026-07-23 | — | |
| condos | 1 | 2 | 1,122 | $3,500 | 2026-05-28 | — | |
| condos | 1 | 2 | 1,100 | $5,500 | 2026-04-06 | — | |
| condos | 1 | 2 | 1,060 | $3,600 | 2026-04-21 | — | |
| condos | 1 | 2 | 1,585 | $5,700 | 2026-04-26 | — | |
| apartment | 1 | 2 | 1,125 | $3,100 | 2025-12-19 | — | |
| apartment | 1 | 1 | 1,019 | $3,350 | 2026-05-18 | — | |
| condos | 1 | 2 | 1,045 | $3,200 | — | — | |
| condos | 1 | 2 | 1,030 | $3,000 | 2026-08-31 | — |
Same ZIP & bedroom count. 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 |
|---|---|---|---|---|---|---|
| 5445 Collins Ave Apt BAY14 | condos | 1 | 1 | 950 | $520,000 | 2026-09-01 |
| 5255 Collins Ave Apt 9F | condos | 1 | 2 | 1,475 | $845,000 | 2026-08-26 |
| 2625 Collins Ave Apt 1601 | condos | 1 | 2 | 1,075 | $575,000 | 2026-08-20 |
| 4775 Collins Ave Apt 2806 | condos | 1 | 2 | 1,100 | $1,030,000 | 2026-08-14 |
| 5601 Collins Ave Apt 511 | condos | 1 | 2 | 930 | $550,000 | 2026-08-03 |
| 5601 Collins Ave Apt 711 | condos | 1 | 2 | 930 | $595,000 | 2026-07-27 |
| 5445 Collins Ave Apt L3 | condos | 1 | 2 | 430 | $275,000 | 2026-07-24 |
| 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 |
| 4401 Collins Ave Unit 1015 | condos | 1 | 2 | 1,066 | $1,237,500 | 2026-07-15 |
| 5838 Collins Ave Apt 2H | condos | 1 | 2 | 815 | $280,000 | 2026-07-10 |
| 2655 Collins Ave Apt 1907 | condos | 1 | 2 | 1,122 | $467,500 | 2026-06-24 |
| 6039 Collins Ave Apt 412 | condos | 1 | 2 | 1,063 | $325,000 | 2026-06-06 |
| 4401 Collins Ave Unit 3003 | condos | 1 | 2 | 980 | $1,500,000 | 2026-06-05 |
| 5005 Collins Ave Apt 523 | condos | 1 | 1 | 938 | $289,000 | 2026-06-05 |
| 2555 Collins Ave Apt 2104 | condos | 1 | 2 | 848 | $520,375 | 2026-05-28 |
| 4730 Pine Tree Dr Apt 11 | condos | 1 | 1 | 500 | $125,000 | 2026-05-27 |
| 5005 Collins Ave Apt 425 | condos | 1 | 1 | 964 | $269,000 | 2026-05-26 |
| 2899 Collins Ave Apt 1717 | condos | 1 | 2 | 797 | $495,000 | 2026-05-20 |
| 2615 Collins Ave Apt 21 | condos | 1 | 1 | 490 | $310,000 | 2026-05-15 |
| 5005 Collins Ave Apt 212 | condos | 1 | 2 | 988 | $350,000 | 2026-05-14 |
| 2401 Collins Ave Apt 1712 | condos | 1 | 2 | 1,030 | $570,000 | 2026-05-01 |
| 3030 Collins Ave Apt 3E | condos | 1 | 1 | 428 | $307,000 | 2026-05-01 |
| 3030 Collins Ave Apt 4F | condos | 1 | 1 | 461 | $282,000 | 2026-04-29 |
| 5601 Collins Ave Ph 5 | condos | 1 | 2 | 930 | $765,000 | 2026-04-28 |
| 2401 Collins Ave Apt 705 | condos | 1 | 2 | 1,121 | $560,000 | 2026-04-28 |
| 2829 Indian Creek Dr Apt 1001 | condos | 1 | 2 | 850 | $450,000 | 2026-04-24 |
| 5255 Collins Ave Apt 10A | condos | 1 | 2 | 1,560 | $400,000 | 2026-04-15 |
| 5700 Collins Ave Apt 12K | condos | 1 | 2 | 900 | $480,000 | 2026-04-14 |
| 2457 Collins Ave Apt 503 | condos | 1 | 2 | 907 | $689,000 | 2026-04-10 |
| 4747 Collins Ave Apt 305 | condos | 1 | 1 | 790 | $300,000 | 2026-04-09 |
| 4401 Collins Ave Unit 3209 | condos | 1 | 1 | 526 | $970,000 | 2026-04-01 |
| 5838 Collins Ave Apt 6H | condos | 1 | 2 | 815 | $270,000 | 2026-03-31 |
| 5600 Collins Ave Apt 5L | condos | 1 | 1 | 930 | $455,000 | 2026-03-25 |
| 5225 Collins Ave Apt 1403 | condos | 1 | 2 | 790 | $460,000 | 2026-03-24 |
| 5701 Collins Ave Apt 1105 | condos | 1 | 2 | 824 | $385,000 | 2026-03-20 |
| 2858 Pine Tree Dr Apt 4 | condos | 1 | 1 | 683 | $312,000 | 2026-03-09 |
| 2401 Collins Ave Apt 507 | condos | 1 | 2 | 1,121 | $465,000 | 2026-03-06 |
| 5875 Collins Ave Apt 1006 | condos | 1 | 2 | 833 | $825,000 | 2026-02-19 |
| 2555 Collins Ave Apt 607 | condos | 1 | 2 | 861 | $670,000 | 2026-02-11 |
| 5005 Collins Ave Apt 202 | condos | 1 | 2 | 1,046 | $240,000 | 2026-02-06 |
| 4710 Pine Tree Dr Apt 26 | condos | 1 | 1 | 750 | $230,000 | 2026-02-04 |
| 5005 Collins Ave Apt 402 | condos | 1 | 2 | 1,046 | $354,000 | 2026-02-03 |
| 4779 Collins Ave Apt 2106 | condos | 1 | 2 | 1,100 | $1,020,000 | 2026-01-30 |
| 5255 Collins Ave Apt 1A | condos | 1 | 2 | 1,250 | $185,000 | 2026-01-28 |
| 4101 Pine Tree Dr Apt 709 | condos | 1 | 2 | 835 | $400,000 | 2025-12-31 |
| 5005 Collins Ave Apt 1105 | condos | 1 | 2 | 982 | $365,000 | 2025-12-15 |
| 5401 Collins Ave Apt 1220 | condos | 1 | 2 | 1,050 | $600,000 | 2025-12-12 |
| 2829 Indian Creek Dr Apt 605 | condos | 1 | 1 | 490 | $245,000 | 2025-12-09 |
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 |
|---|---|---|---|---|---|---|
| 5005 Collins Ave Apt 518 | condos | 1 | 1 | 938 | $335,000 | — |
| 5161 Collins Ave Apt 309 | condos | 1 | 1 | 610 | $430,000 | — |
| 5005 Collins Ave Apt 304 | condos | 1 | 1 | 942 | $330,000 | — |
| 5601 Collins Ave Unit 412A | condos | 1 | 2 | 910 | $540,000 | — |
| 4747 Collins Ave Apt 708 | condos | 1 | 1 | 790 | $365,000 | — |
| 5005 Collins Ave Apt 222 | condos | 1 | 1 | 1,026 | $300,000 | — |
| 4101 Pine Tree Dr Apt 1105 | condos | 1 | 2 | 835 | $599,000 | — |
| 5601 Collins Ave Apt 1723 | condos | 1 | 2 | 930 | $450,000 | — |
10-year hold projection
IRR-11.5%
Equity multiple-0.99x
Total return (10yr)-$194,627
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $545,900 | -$8,958 | -$43,635 | $419,403 | $126,497 |
| 2 | $562,277 | -$9,000 | -$43,726 | $414,490 | $147,787 |
| 3 | $579,145 | -$9,037 | -$43,814 | $409,240 | $169,905 |
| 4 | $596,520 | -$9,070 | -$43,899 | $403,629 | $192,891 |
| 5 | $614,415 | -$9,098 | -$43,980 | $397,633 | $216,782 |
| 6 | $632,848 | -$9,120 | -$44,057 | $391,225 | $241,622 |
| 7 | $651,833 | -$9,137 | -$44,130 | $384,378 | $267,456 |
| 8 | $671,388 | -$9,148 | -$44,198 | $377,060 | $294,329 |
| 9 | $691,530 | -$9,152 | -$44,262 | $369,239 | $322,291 |
| 10 | $712,276 | -$9,150 | -$44,320 | $360,881 | $351,394 |
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.