15 days on rocket

5401 Collins Ave Unit 513, Miami Beach, FL, 33140

$480,000

Home List Price

$5,700*

Closing Credit

1 Bedroom
1 Full Bath, 1 Partial
980 SqFt
$490/SqFt
Condo
Schools Nearby

Location

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5401 Collins Ave Unit 513, Miami Beach$480,000

Buyer Closing Credits

$5,700*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
ParkingAssigned, Covered, One Space
Garage1 space
Year Built1967
HeatingCentral
CoolingCentral Air
WaterfrontOcean Front
ViewOcean
MLS #A11589462
StatusActive

About 5401 Collins Ave Unit 513

Experience luxury living on Collins Avenue's Millionaires' Row with this stunning 1-bedroom, 1.5-bathroom condo on the 5th floor. Enjoy partial views of the ocean from your open balcony. Features include ceramic floors throughout, new hurricane-proof windows, and ample closet space. The fully renovated oceanfront building offers premium amenities such as a pool, jacuzzi, tennis court, oceanfront gym, and covered parking. Maintenance fees cover electricity, cable, water, and all amenities. Currently rented for one year, this condo is a great investment opportunity with an excellent tenant. Contract must be honored until the end of the lease January, 2025. Great Income. For those looking to innovate, this property can easily be converted to a two-bedroom, two-bathroom unit.

Property Details

Property Features

Property Information:

  • Architectural Style: High Rise
  • Year Built: 1967
  • Living Area: 980 SqFt

Listing Office:

  • Office Name: Coldwell Banker Realty
  • Office Phone: (305) 672-6300
  • Listing Agent: Gina Arellano

Interior Features

Interior Information:

  • Appliances: Dishwasher, Electric Range, Microwave, Refrigerator
  • Flooring Type: Ceramic Tile
  • Interior: Bedroom on Main Level, Living/Dining Room, Walk-In Closet(s), Elevator

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 1
  • Total Bedroom Count: 1

Exterior Features

Exterior Information:

  • Waterfront: Ocean Front
  • View: Ocean
  • Exterior: Tennis Court(s)

Parking Information:

  • Garage Space: 1 space
  • Parking: Assigned, Covered, One Space

Virtual/3D Tour

  • Virtual Tour: 5401 Collins Ave Unit 513

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Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air

School Info

Assigned Schools Information:

  • Miami Beach Senior High School, Public District Grades 9-12
  • Nautilus Middle School, Public District Grades 6-8
  • North Beach Elementary School, Public District Grades PK-5

Price Information

Listing Price Info

Price Summary:

  • List Price: $480,000
  • Price Per SqFt: $490/SqFt

HOA Fees:

  • Amount: $1323
  • Frequency: Monthly
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Housing Market Comparison

See how this home compares to others in Miami Beach, FL.

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Miami Beach, FL

City

Med. Sold Price

$602.8K

Med. Price/SqFt

$596

Avg. Days On Market

92

# of Sold Homes

172

5401 Collins Ave Unit 513 vs Miami Beach

15 DAYS ON ROCKET

-77 Days

$480,000

-$122.8K Less

$490/SqFt

-$106 Less

KEY TAKEAWAY

This property is $122.8K less than the Median Sold Price and $106/SqFt less than other homes in Miami Beach, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: SEFMIAMI
  • MLS Number: #A11589462

Listing Office:

  • Office Name: Coldwell Banker Realty
  • Office Phone: (305) 672-6300
  • Listing Agent: Gina Arellano

IDX © 2024 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This property is offered without respect to any protected classes in accordance with the law.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/1/2024, 10:20:31 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

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Recommended Financing

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Rate/APR

7.5% / 6.68%

Total Monthly Payment

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-6740901
8
/10

  • North Beach Elementary School

  • 4100 Prairie Ave

  • 1.42 miles

  • Public District Grades PK-5

Middle School

school-card-donut-6740902
5
/10

  • Nautilus Middle School

  • 4301 N Michigan Ave

  • 1.44 miles

  • Public District Grades 6-8

High School

school-card-donut-6740903
6
/10

  • Miami Beach Senior High School

  • 2231 Prairie Ave

  • 2.45 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $148,138. The most common annual income of people living in Miami Beach, FL is between $100k-200k. The most common type of family is single, no kids. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 5401 Collins Ave Unit 513

What is the listing price of this property?

The listing price of 5401 Collins Ave Unit 513 property is $480,000.

What type of property is this?

The property 5401 Collins Ave Unit 513 is a condo located in Miami Beach, Florida, 33140.

Is this property for sale now?

Active Listing: 5401 Collins Ave Unit 513 is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 5401 Collins Ave Unit 513 are:
North Beach Elementary School: GreatSchools Rating 8/10
Nautilus Middle School: GreatSchools Rating 5/10
Miami Beach Senior High School: GreatSchools Rating 6/10

How many bedrooms and bathrooms does this property have?

The property at 5401 Collins Ave Unit 513 has 1 bedroom and 1 full and 1 half bathrooms.

What is the square footage of this property?

The property 5401 Collins Ave Unit 513 is 980 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 5401 Collins Ave Unit 513 is 1967.

Rocket Homes›Florida›Miami-Dade County›Miami Beach›33140›5401 Collins Ave Unit 513

This home is located at 5401 Collins Ave Unit 513 in Miami Beach, FL and zip code 33140 in the Ocean Front neighborhood. This 980 square foot home was built in 1967. Features: 1 bedroom, 2 bathrooms. It has been listed on Rocket Homes since May 17, 2024 and is currently priced at $480,000.

Miami Beach, FL housing market in May 2024 saw over 4 listings sold above listed price, more than 13 sold at listed price and over 155 sold below. The number of homes for sale in Miami Beach, FL increased by 5.5% between April 2024 and May 2024. In May 2024 median list price was $602,840 and the average listing age was 92 days.

From Rocket Homes Real Estate and based on county public records data.

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