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$490,000

Beds
1
Baths
1.5
sq ft
930

5161 Collins Ave Unit 1110, Miami Beach, FL 33140

5161 Collins Ave Unit 1110

Miami Beach, FL 33140

  • 9 days on market
Great 1 bed 1.5 Bath unit right on the beach. This well maintained spacious unit features , Stainless steel new appliances, granite counter and large master suite. Enjoy the beach life in this full services building with exercise room, 24hs frontdesk, small market, tiki bar, pool, picnic area, beach services and much more. A key highlight is that the building allows short-term rentals, making it an excellent investment opportunity for vacation rentals . With its prime location on Collins Av, residents and guests have easy access to Miami Beach’s shopping, dining, and entertainment options. Just bring your toothbrush and start enjoying your vacation with the ocean as your backyard and collect rent when you are away. A minimum of 30 days rental is allowed. The unit does not have Balcony.

Details

Property type

Condominium

Est. home value

$490,267

Lot size

Unknown

Price per sq ft

$527

Year built

1966

Annual property taxes

$6,731

Monthly HOA fee

$948

Price History

09/10/2024
SEF

SEF #A11657936

Listed
$490,000
+44.12%
06/21/2021
SEF

SEF #A10917216

Sold
$340,000

Schools & Community

Neighborhood: 

Oceanfront

Elementary school: 

North Beach

Middle school: 

Nautilus

High school: 

Miami Beach

Number of units in community: 

441

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Gold Star Mortgage Financial Group Corp

Loan start date

June 2021

Original loan amount

$306,000

Est. remaining balance

$284,650

Interest rate

3.04%

Loan type

New Conventional, 30 year

Seller

Francisco Castro Jr

Lender

Gold Star Mortgage Financial Group Corp

Loan start date

June 2021

Original loan amount

$306,000

Est. remaining balance

$284,650

Interest rate

3.04%

Loan type

New Conventional, 30 year

Seller

Francisco Castro Jr

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 09/18/2024 at 8:50 PM

Listing updated: 09/16/2024 at 8:15 PM

Listed by: Maria Breard, Coldwell Banker Realty Phone #: (305) 672-6300

MLS: SEF #A11657936

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