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5005 Collins Unit 506, Miami Beach, FL, 33140

$775,000

Home List Price

$9,203*

Closing Credit

2 Bedrooms
2 Full Baths
1,241 SqFt
$625/SqFt
Condo

Location

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5005 Collins Unit 506, Miami Beach$775,000

Buyer Closing Credits

$9,203*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
ParkingAssigned, Underground, One Space, Valet
Garage1 space
Year Built1964
HeatingElectric
CoolingCentral Air
WaterfrontWater Access, Ocean Front
ViewCity, Intercoastal, Water
MLS #A11672833
StatusActive

About 5005 Collins Unit 506

Don't miss your opportunity to live in the heart of Miami Beach's iconic Millionaire’s Row. This spectacular, light filled 2/2 split floor plan unit is a unique find. Featuring two large bedrooms w/ walk in closets, kitchen w/ SS appliances, full size washer & dryer in unit & remodeled bathrooms. Watch spectacular sunsets from your balcony each evening w/ peaceful unobstructed direct intracoastal views. The building has undergone multiple renovations; high impact glass windows & doors, 40 & 50 yr certification completion. Amenities include 24-hour concierge & doorman, BBQ & picnic spaces, heated pool, gym, & on-site restaurant. Conveniently located near Fontainebleau, Soho Beach House and the Faena District. Accurate sqft 1,241. Unit rented for $3,100 per month until 8/27/25.

Property Details

Property Features

Property Information:

  • Architectural Style: High Rise
  • Year Built: 1964
  • Living Area: 1,241 SqFt

Listing Office:

  • Office Name: Compass Florida, LLC
  • Office Phone: (305) 851-2820
  • Listing Agent: Alison Pusey

Interior Features

Interior Information:

  • Appliances: Dryer, Dishwasher, Electric Range, Refrigerator, Washer
  • Flooring Type: Ceramic Tile, Tile
  • Interior: Bedroom on Main Level, Elevator, Family/Dining Room, Sitting Area in Primary, Split Bedrooms

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 2

Exterior Features

Exterior Information:

  • Waterfront: Water Access, Ocean Front
  • View: City, Intercoastal, Water
  • Exterior: Balcony, Security/High Impact Doors

Parking Information:

  • Garage Space: 1 space
  • Parking: Assigned, Underground, One Space, Valet

Virtual/3D Tour

  • Virtual Tour: 5005 Collins Unit 506
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Utilities

Utilities Information:

  • Heating: Electric
  • Cooling: Central Air

Price Information

Listing Price Info

Price Summary:

  • List Price: $775,000
  • Price Per SqFt: $625/SqFt

HOA Fees:

  • Amount: $1500
  • 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

$604.5K

Med. Price/SqFt

$600

Avg. Days On Market

101

# of Sold Homes

92

5005 Collins Unit 506 vs Miami Beach

43 DAYS ON ROCKET

-58 Days

$775,000

+$170.4K More

$625/SqFt

+$24 More

KEY TAKEAWAY

This property is $170.4K more than the Median Sold Price and $24/SqFt more 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: #A11672833

Listing Office:

  • Office Name: Compass Florida, LLC
  • Office Phone: (305) 851-2820
  • Listing Agent: Alison Pusey

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: 11/21/2024, 6:20:48 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.

Payment Calculator

$5,435

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,390

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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.

Nearby Schools

school-card-donut-392056
8
/10

  • North Beach Elementary School

  • 4100 Prairie Ave

  • 1.03 miles

  • Public District Grades PK-5

school-card-donut-392057
7
/10

  • Treasure Island Elementary School

  • 7540 E Treasure Dr

  • 2.10 miles

  • Public District Grades PK-5

school-card-donut-392058
6
/10

  • Biscayne Elementary School

  • 800 77th St

  • 2.43 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $82,609. Most Miami Beach, FL residents have annual incomes between $35k-100k. Residents typically live in single, no kids family. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 5005 Collins Unit 506

What is the listing price of this property?

The listing price of 5005 Collins Unit 506 property is $775,000.

What type of property is this?

The property 5005 Collins Unit 506 is a condo located in Miami Beach, Florida, 33140.

Is this property for sale now?

Active Listing: 5005 Collins Unit 506 is For Sale (Active/New) which means the seller is accepting offers.

How many bedrooms and bathrooms does this property have?

The property at 5005 Collins Unit 506 has 2 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 5005 Collins Unit 506 is 1,241 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 5005 Collins Unit 506 is 1964.

Rocket Homes›Florida›Miami-Dade County›Miami Beach›33140›5005 Collins Unit 506

This home is located at 5005 Collins Unit 506 in Miami Beach, FL and zip code 33140 in the Ocean Front neighborhood. This 1,241 square foot home was built in 1964. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since October 09, 2024 and is currently priced at $775,000.

Miami Beach, FL housing market in October 2024 saw over 6 listings sold above listed price, more than 9 sold at listed price and over 77 sold below. The inventory of homes for sale in Miami Beach, FL between September 2024 and October 2024 increased by 15.1%. While the average time on the market in October 2024 was 101 days, the median list price was $604,583.

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

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