5255 Collins Ave

Miami Beach, FL 33140

$3,890,000

$591/ft²

5Beds

6.5Baths

6,584Sq ft

1963Year built

CondoType

About this home

This extraordinary direct oceanfront penthouse offers a scale, position, and level of opportunity rarely available in today's market. 6,584 sf of interior living space and 2,884 sf of terraces with uninterrupted Atlantic Ocean views to the east and sunset vistas over Indian Creek and the Miami skyline to the west. This penthouse lives like a private oceanfront estate in the sky. Expansive entertaining spaces, oversized bedroom suites, and floor-to-ceiling exposures create a dramatic canvas craft one of Miami Beach's truly iconic residences. Fully permitted design plans are included, offering a seamless path to modernization and customization while preserving the property's rare scale and irreplaceable footprint. The residence is situated within one of Mid-Beach's most substantial oceanfront enclaves, spanning multiple beachfront acres along a coveted stretch bordered by the Atlantic Ocean and Indian Creek. The building is nearing completion of an extensive transformation tied to its 40/50-year recertification, enhancing the property's long-term quality, safety, and stature. Recent upgrades to the residence itself include brand-new hurricane-impact windows throughout. Enjoy a full-service lifestyle with 24h concierge and valet, a designed pool deck, fitness center, cabanas, outdoor entertaining areas, and private beach access with dedicated beach service. Maintenance includes all utilities. The offering also includes same-floor storage and two assigned garage parking spaces.

Features

Waterfront

Property details

Listing

MLS #: A12015626
Status: For sale
Listed on: May 22, 2026
Days on market: 80 days
Listing data updated: Jun 16, 2026

Interior

Beds: 5
Baths: 6.5
Living area: 6,584 ft²
Price per ft²: $591/ft²
Unit: PH A & CD

Building & community

Type: Condo
Year built: 1963
HOA fee: $7,482/mo
County: Miami-Dade

Lot & exterior

Waterfront: Yes

Days on market, price per ft² and the monthly HOA amount are calculated by this site from the MLS data shown; the association fee is normalized to a monthly figure.

True monthly cost

Mortgage (principal & interest): $19,670
Property taxes (est.): $3,566
Home insurance (est.): $600
Flood insurance (est.): —
HOA fee: $7,482

Estimated total$31,318*/mo

* Some cost lines aren't available yet for this listing; the total shown is incomplete.

Based on 20% down, a 6.5% rate and a 30-year loan, plus this home's estimated Florida carrying costs. All figures are illustrative estimates — not quotes, not financial or insurance advice.

Sources: flood zone — FEMA National Flood Hazard Layer; mortgage, taxes and insurance figures — this site's own estimates; HOA / CDD — as reported for this listing.

What will this home really cost you?

Building structural health (SIRS)

No filing record found

We couldn't find a SIRS filing record for this building in Florida's public DBPR database. That is not a red flag by itself: buildings under three stories are exempt, recent or mailed-in filings may not appear yet, and the name or address on file may differ from this listing.

Questions about this

What is a SIRS and why does it matter?

Since the Surfside collapse, Florida requires condo and co-op buildings three stories or taller to complete a Structural Integrity Reserve Study: an inspection-based plan that forces the association to fund structural repairs (roof, load-bearing walls, plumbing, electrical) instead of deferring them. It matters because underfunded buildings are the ones that surprise owners with large special assessments.

Has this building filed its SIRS?

We didn't find a filing record for this building in the DBPR's public database. Absence of a record does not mean the building is out of compliance — it may be exempt (under three stories), the filing may be recent or on paper, or the recorded name/address may differ. It IS the right question to ask before offering.

What is a special assessment?

A one-off charge the association levies on every owner when reserves don't cover a needed repair — in older coastal buildings they have ranged from a few thousand to over $100,000 per unit. The SIRS exists precisely to make these predictable and funded in advance. Always review the building's budget, reserves and meeting minutes before buying.

What should I check before buying in this building?

Florida law gives buyers the right to review the association's SIRS, milestone inspection reports, budget and reserves — the full study is available from the association by written request. Nilyan requests and walks through these documents with her buyers as part of the offer process.

Source: Florida DBPR public SIRS reporting database. Filing status is self-reported by the association; this is not an audit, inspection or safety certification, and absence of a record does not mean non-compliance. Data as of July 30, 2026.

Want the full structural picture of this building before you offer?