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$990,000

Beds
2
Baths
2.0
sq ft
1,460

5601 Collins Ave Unit 825, Miami Beach, FL 33140

5601 Collins Ave Unit 825

Miami Beach, FL 33140

  • <1 day on market
Welcome to your perfect beachfront getaway! This exceptional 2 bedroom,2 bathroom large corner unit has been thoughtfully converted into a spacious four-bedroom residence, making it an ideal vacation home that also offers lucrative short term rental potential.Situated directly on the pristine sands of Miami Beach. This condo boasts breathtaking views of Collins avenue, the bay and the vibrant Miami Beach. The building is currently undergoing extensive renovations, ensuring a modern and comfortable living experience Recent upgrades include the installation of impacts windows, new roof, complete hallway remodeling and upgraded elevators. The kitchen is equipped with modern appliances and ample storage. This condo is currently rented shot-term. Don't miss out this incredible opportunity.

Details

Property type

Condominium

Est. home value

$625,785

Lot size

Unknown

Price per sq ft

$679

Year built

1968

Annual property taxes

$8,809

Monthly HOA fee

$1,630

Price History

01/09/2025
SEF

SEF #A11721463

Listed
$990,000
+136.84%
06/18/2021
SEF

SEF #A10996539

Sold
$418,000

Schools & Community

Neighborhood: 

Oceanfront

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

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

Citadel Servicing Corporation

Loan start date

May 2023

Original loan amount

$255,000

Est. remaining balance

Not provided

Interest rate

6.27%

Loan type

Commercial

Seller

Picazo Llc

Lender

Citadel Servicing Corporation

Loan start date

May 2023

Original loan amount

$255,000

Est. remaining balance

Not provided

Interest rate

6.27%

Loan type

Commercial

Seller

Picazo Llc

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: 01/10/2025 at 5:45 AM

Listing updated: 01/09/2025 at 4:05 PM

Listed by: Sarah Vazquez, Fortune Christie's International Real Estate Phone #: (305) 400-6393

MLS: SEF #A11721463

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