5601 Collins Ave

Miami Beach, FL 33140

$519,000

$558/ft²

1Beds

1.5Baths

930Sq ft

1968Year built

CondoType

About this home

Discover your dream apartment in a stunning oceanfront building in Miami Beach, complete with private beach access! This exquisite turn-key unit is not only bright and beautifully furnished but also ready for you to enjoy or generate income immediately. With short-term rentals permitted, this is a fantastic investment opportunity. Bask in breathtaking views of the Intracoastal Waterway and the vibrant Collins Avenue from your own slice of paradise. The building offers a wealth of amenities, including comfortable beach chairs for your sun-soaked days, a fully equipped gym, and a BBQ area perfect for entertaining. Enjoy peace of mind with 24/7 security and the convenience of one valet parking space. Located in a prime Miami Beach area, you’ll be just steps away from an array of shopping and dining options, making it easy to indulge in the best the city has to offer. Please note that the unit has special assessments. Don’t miss out on this incredible opportunity to own a piece of Miami Beach paradise at low cost! There are currently 3 special assessments: SM: $197.23 p/month ends 10/2028; S4 $252.42 p/month ends 12/2039 and S3: $170.32 p/month ends 07/2038

Features

Waterfront

Property details

Listing

MLS #: A11934286
Status: For sale
Listed on: Dec 22, 2025
Days on market: 230 days
Listing data updated: Mar 12, 2026

Interior

Beds: 1
Baths: 1.5
Living area: 930 ft²
Price per ft²: $558/ft²
Unit: 1019

Building & community

Type: Condo
Year built: 1968
HOA fee: $1,147/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): $2,624
Property taxes (est.): $476
Home insurance (est.): $433
Flood insurance (est.): —
HOA fee: $1,147

Estimated total$4,680*/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?