2899 Collins Ave Apt 1218
Miami Beach, FL 33140 · condos · For Sale · 487 days on market
Asking price$515,000
1 beds 2 baths 797 sqft
Suggested offer$423,502$91,498 above the est. market value of $423,502.
View on Realtor.com →Listed by JORGE MIRABAL · J. Mirabal Realty, Inc.
Typecondos
Built1966
Price / sqft$646
Est. value (own analysis)$423,502
Rent estimate (own analysis)$3,150/mo
HOA$580/mo
1 / 45
Show every detail
Statusfor_sale
Listed date2025-05-03
Removed date—
MLSMiamiMLS #A11795985
Coordinates25.80389, -80.12418
Address2899 Collins Ave Apt 1218
CityMiami Beach
StateFL
Zip33140
Listing ID6579604656
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 | $515,000 |
| Down payment (20.0%) | $103,000 |
| Loan amount | $412,000 |
| Closing costs (5.0%) | $25,750 |
| Total cash to close | $128,750 |
| Income | |
| Rent (comp-derived) | $3,150$37,800 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,898$34,776 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $815$9,785 |
| Insurance (placeholder 0.8% of price) | $343$4,120 |
| HOA dues | $580$6,960 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $158$1,890 |
| Total operating expenses | $1,896$22,755 |
| 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) | $158$1,890 |
| 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 |
|---|---|---|---|---|---|---|---|
| apartment | 1 | 1 | 566 | $3,102 | 2025-07-03 | — | |
| apartment | 1 | 2 | 700 | $2,200 | 2026-05-27 | — | |
| apartment | 1 | 1 | 681 | $1,945 | 2026-08-01 | — | |
| condos | 1 | 1 | 727 | $2,400 | 2026-06-17 | — | |
| condos | 1 | 2 | 906 | $3,200 | 2026-08-23 | — | |
| condos | 1 | 1 | 790 | $2,650 | 2026-04-29 | — | |
| condos | 1 | 2 | 810 | $2,600 | 2026-04-25 | — | |
| condos | 1 | 1 | 671 | $1,945 | 2026-07-22 | — | |
| apartment | 1 | 1 | 540 | $2,050 | 2026-07-17 | — | |
| condos | 1 | 2 | 867 | $2,400 | 2026-07-14 | — | |
| condos | 1 | 2 | 1,046 | $2,950 | 2026-08-27 | — | |
| condos | 1 | 2 | 810 | $2,600 | 2026-08-27 | — | |
| condos | 1 | 2 | 1,060 | $3,600 | 2026-08-26 | — | |
| apartment | 1 | 1 | 1,011 | $3,500 | 2026-04-26 | — | |
| condos | 1 | 2 | 824 | $3,000 | 2026-08-21 | — | |
| condos | 1 | 2 | 844 | $2,700 | 2026-07-28 | — | |
| condos | 1 | 2 | 1,041 | $2,750 | 2026-07-08 | — | |
| condos | 1 | 2 | 810 | $2,600 | 2026-08-18 | — | |
| condos | 1 | 2 | 810 | $2,650 | 2026-03-30 | — | |
| condos | 1 | 1 | 930 | $2,800 | 2026-08-18 | — | |
| condos | 1 | 1 | 580 | $2,250 | 2026-08-24 | — | |
| condos | 1 | 1 | 726 | $2,500 | 2026-02-16 | — | |
| apartment | 1 | 2 | 956 | $3,000 | 2026-07-14 | — | |
| condos | 1 | 2 | 980 | $3,100 | 2026-06-17 | — | |
| condos | 1 | 2 | 730 | $2,400 | 2026-04-27 | — | |
| condos | 1 | 2 | 798 | $3,500 | 2026-08-26 | — | |
| condos | 1 | 3 | 760 | $2,600 | 2026-07-21 | — | |
| condos | 1 | 2 | 1,045 | $3,200 | 2026-07-18 | — | |
| condos | 1 | 1 | 942 | $2,550 | 2026-06-24 | — | |
| condos | 1 | 2 | 977 | $3,800 | 2026-07-06 | — | |
| condos | 1 | 2 | 810 | $2,495 | 2026-05-26 | — | |
| condos | 1 | 1 | 610 | $2,500 | 2026-05-19 | — | |
| condos | 1 | 2 | 982 | $25,000 | 2025-07-16 | — | |
| apartment | 1 | 2 | 950 | $2,900 | 2026-07-14 | — | |
| condos | 1 | 1 | 667 | $2,850 | 2026-04-21 | — | |
| apartment | 1 | 1 | 670 | $2,295 | 2026-06-25 | — | |
| condos | 1 | 2 | 910 | $2,900 | 2026-07-11 | — | |
| condos | 1 | 2 | 824 | $3,800 | 2026-07-24 | — | |
| condos | 1 | 1 | 603 | $3,200 | 2026-08-20 | — | |
| apartment | 1 | 1 | 739 | $2,950 | 2026-08-24 | — | |
| apartment | 1 | 1 | 700 | $2,300 | 2026-07-16 | — | |
| condos | 1 | 1 | 570 | $2,600 | 2025-10-23 | — | |
| condos | 1 | 2 | 810 | $2,450 | 2026-04-24 | — | |
| condos | 1 | 2 | 810 | $2,200 | 2026-04-27 | — | |
| condos | 1 | 2 | 1,075 | $2,900 | 2026-07-30 | — | |
| condos | 1 | 1 | 603 | $2,500 | 2026-08-07 | — | |
| condos | 1 | 2 | 930 | $5,000 | 2023-05-17 | — | |
| condos | 1 | 1 | 600 | $2,500 | 2026-08-08 | — | |
| condos | 1 | 1 | 912 | $4,900 | 2026-08-16 | — | |
| condos | 1 | 2 | 825 | $3,450 | 2026-07-31 | — | |
| condos | 1 | 2 | 980 | $3,400 | 2026-06-18 | — | |
| condos | 1 | 1 | 550 | $2,600 | 2026-05-07 | — | |
| condos | 1 | 2 | 824 | $2,950 | 2025-01-15 | — | |
| condos | 1 | 2 | 980 | $3,100 | 2026-05-15 | — | |
| condos | 1 | 2 | 922 | $2,800 | 2026-08-04 | — | |
| condos | 1 | 1 | 645 | $2,500 | 2026-07-23 | — | |
| condos | 1 | 2 | 824 | $3,900 | 2026-08-05 | — | |
| condos | 1 | 1 | 610 | $2,800 | 2022-08-04 | — | |
| condos | 1 | 2 | 980 | $3,150 | 2025-01-28 | — | |
| condos | 1 | 2 | 797 | $2,900 | 2026-07-16 | — | |
| condos | 1 | 2 | 906 | $3,750 | 2026-05-05 | — | |
| condos | 1 | 2 | 825 | $3,500 | 2026-06-23 | — | |
| condos | 1 | 2 | 824 | $2,850 | 2026-08-13 | — | |
| apartment | 1 | 1 | 570 | $3,500 | 2026-02-20 | — | |
| condos | 1 | 2 | 910 | $3,800 | 2026-08-13 | — | |
| condos | 1 | 2 | 775 | $2,800 | 2026-07-21 | — | |
| condos | 1 | 2 | 824 | $3,650 | 2026-08-07 | — | |
| condos | 1 | 2 | 824 | $3,000 | 2026-06-04 | — | |
| condos | 1 | 2 | 910 | $3,100 | 2026-06-05 | — | |
| condos | 1 | 2 | 980 | $3,300 | 2026-07-16 | — | |
| condos | 1 | 2 | 1,019 | $3,000 | 2026-08-17 | — | |
| condos | 1 | 1 | 600 | $2,500 | 2026-05-27 | — | |
| condos | 1 | 2 | 1,070 | $3,150 | 2026-06-18 | — | |
| condos | 1 | 1 | 930 | $3,200 | 2026-07-15 | — | |
| condos | 1 | 2 | 848 | $3,500 | 2026-05-13 | — | |
| condos | 1 | 2 | 956 | $2,700 | 2026-06-05 | — | |
| condos | 1 | 2 | 797 | $3,300 | 2026-07-08 | — | |
| condos | 1 | 2 | 861 | $3,600 | 2026-06-17 | — | |
| condos | 1 | 2 | 833 | $6,500 | 2026-07-23 | — | |
| condos | 1 | 2 | 980 | $3,500 | 2025-11-19 | — | |
| condos | 1 | 1 | 942 | $2,800 | 2026-02-21 | — | |
| apartment | 1 | 2 | 1,019 | $3,200 | 2026-05-15 | — | |
| apartment | 1 | 2 | 815 | $3,000 | 2026-06-25 | — | |
| condos | 1 | 2 | 746 | $2,950 | 2026-06-17 | — | |
| condos | 1 | 1 | 938 | $3,200 | 2025-10-20 | — | |
| condos | 1 | 2 | 824 | $3,850 | 2025-07-29 | — | |
| condos | 1 | 2 | 824 | $3,700 | 2026-08-08 | — | |
| condos | 1 | 2 | 798 | $3,999 | 2026-07-06 | — | |
| condos | 1 | 2 | 850 | $4,500 | 2026-08-02 | — | |
| condos | 1 | 2 | 930 | $3,200 | 2025-12-12 | — | |
| condos | 1 | 2 | 980 | $3,500 | 2024-07-30 | — | |
| condos | 1 | 2 | 980 | $3,400 | 2025-11-19 | — | |
| condos | 1 | 2 | 861 | $3,500 | 2026-04-17 | — | |
| apartment | 1 | 2 | 945 | $3,000 | 2026-03-12 | — | |
| condos | 1 | 2 | 824 | $3,450 | 2026-03-03 | — | |
| condos | 1 | 2 | 1,000 | $9,000 | 2026-08-11 | — | |
| condos | 1 | 2 | 1,075 | $3,300 | 2026-07-23 | — | |
| condos | 1 | 2 | 960 | $4,200 | 2025-08-12 | — | |
| condos | 1 | 2 | 956 | $4,000 | 2026-08-05 | — | |
| condos | 1 | 2 | 930 | $4,500 | 2024-10-20 | — | |
| condos | 1 | 2 | 1,060 | $3,600 | 2026-04-21 | — | |
| condos | 1 | 2 | 824 | $3,800 | 2026-07-06 | — | |
| condos | 1 | 2 | 994 | $3,700 | 2026-07-07 | — | |
| condos | 1 | 2 | 880 | $3,420 | 2021-10-18 | — | |
| condos | 1 | 2 | 840 | $3,390 | 2025-10-28 | — | |
| condos | 1 | 2 | 798 | $4,500 | 2026-07-31 | — | |
| condos | 1 | 2 | 798 | $6,600 | 2025-09-13 | — | |
| apartment | 1 | 2 | 800 | $6,300 | 2026-02-20 | — | |
| apartment | 1 | 1 | 671 | $5,025 | 2026-05-15 | — | |
| condos | 1 | 1 | 670 | $3,000 | 2026-06-17 | — | |
| apartment | 1 | 1 | 1,019 | $3,350 | 2026-05-18 | — | |
| condos | 1 | 2 | 824 | $3,900 | — | — | |
| condos | 1 | 2 | 824 | $3,650 | — | — | |
| condos | 1 | 2 | 800 | $3,300 | — | — | |
| condos | 1 | 2 | 847 | $3,300 | — | — | |
| condos | 1 | 2 | 1,045 | $3,200 | — | — | |
| condos | 1 | 2 | 824 | $3,700 | — | — | |
| condos | 1 | 2 | 824 | $3,900 | 2026-08-31 | — | |
| condos | 1 | 2 | 1,030 | $3,000 | 2026-08-31 | — | |
| condos | 1 | 1 | 726 | $2,950 | 2026-09-01 | — | |
| condos | 1 | 3 | 930 | $4,500 | 2026-09-01 | — |
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 | — |
| condos | 1 | 2 | 1,560 | $530,000 | — | |
| 4101 Pine Tree Dr Apt 1105 | condos | 1 | 2 | 835 | $599,000 | — |
10-year hold projection
IRR-1.1%
Equity multiple0.81x
Total return (10yr)$43,294
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $530,450 | $12,021 | -$21,640 | $407,533 | $122,917 |
| 2 | $546,364 | $12,495 | -$21,213 | $402,759 | $143,604 |
| 3 | $562,754 | $12,987 | -$20,770 | $397,658 | $165,097 |
| 4 | $579,637 | $13,496 | -$20,311 | $392,206 | $187,431 |
| 5 | $597,026 | $14,023 | -$19,834 | $386,380 | $210,646 |
| 6 | $614,937 | $14,570 | -$19,340 | $380,153 | $234,784 |
| 7 | $633,385 | $15,136 | -$18,828 | $373,500 | $259,886 |
| 8 | $652,387 | $15,722 | -$18,297 | $366,389 | $285,998 |
| 9 | $671,958 | $16,328 | -$17,746 | $358,790 | $313,169 |
| 10 | $692,117 | $16,957 | -$17,175 | $350,669 | $341,448 |
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.