WorkspaceDiscoverCondo · Miami Beach · Miami-Dade County
5500 Collins Ave #304, Miami Beach
Tower House: advertised at $1.05M with 2,868 sq ft and $3,490 monthly HOA. Listing counts three bedrooms; narrative describes two bedrooms plus a library.
Recorded status: Public listing page: active. Checked: .
Dated listing record · recheck availability and legal unit count.
- Asking price
- $1,050,000
Monthly rent · Scenario: Not reported
Assumptions behind these estimates
Starting values for this brief. Change any of them in the interactive brief; your changes stay in your browser. Default values
| Input | Value | Basis |
|---|---|---|
| Total scheduled rent per month | Not set | Needs your estimate |
| Vacancy (%) | 5% | Matches planning allowance |
| Management (% of collected rent) | 8% | Matches planning allowance |
| Maintenance (% of total rent) | 5% | Matches planning allowance |
| Buyer annual tax assumption (% of price) | 1.88% | Matches planning allowance |
| Annual insurance | $1,800 | Matches planning allowance |
| Annual owner-paid utilities | $600 | Matches planning allowance |
| Monthly HOA or condo fees | $3,490 | Matches source observation |
| Other annual operating expenses | $600 | Matches planning allowance |
| Capital reserves (% of total rent) | 3% | Matches planning allowance |
| Down payment (%) | 100% | Matches planning allowance |
| Mortgage rate (%) | 7% | Matches planning allowance |
Unit mix & possession
3 bedrooms advertised; one condo unit
- Reported units
- 1
- Reported listing area
- 2,868 sq ft
- Asking / reported sq ft
- $366
- HOA / month
- $3,490Special assessment disclosed; amount and seller payoff unknown.
- Historical property tax / year
- $19,404
- HOA + historical tax / month
- $5,107
$5,107/month goes to reported HOA and historical tax alone. Rental income would have to cover this plus the remaining ownership costs.
HOA + historical tax only. Excludes insurance, assessments, upkeep and financing; buyer taxes can change.
Broker info & key considerations To confirm
- Special assessment is disclosed without an amount or payoff commitment.
- Current feed shows an unusual minimum lease period of 1,826 days. Rental eligibility requires association confirmation.
- Third-bedroom approval, restaurant charges and renovation costs are unresolved. No resale valuation is inferred.
Source evidence and diligence
Financial figures observed Sep 25, 2026. Reported income is not audited collections. Editable estimates, financing and saved assumptions are separate from these source facts.
Gross rental yield basis
Needs supported whole-property rent or your rent assumption and a positive asking price. Unknown rent is not zero.
Sources
- Compass / A12000295 · checked 25 Sep; price event 12 JunSource observation · Sep 25, 2026
- Listing page on zillow.comWorkbook observation · Sep 23, 2026
- Workbook supporting source · 23 SepWorkbook observation · Sep 23, 2026
Questions to resolve
- Obtain current estoppel, budget, reserves, insurance and assessment balances.
- Confirm new-owner rental eligibility and lease limits in writing.
- Inspect the unit and building reports; price immediate work and HO-6 insurance.
Similar properties
- 200 Biscayne Boulevard Way #4408, Miami: condo, asking $1,250,000
- 5151 Collins Ave #925, Miami Beach: condo, asking $700,000
- 68 SE 6th St #1605, Miami: condo, asking $679,000
Florida property research
Research scope includes Miami-Dade, Broward, the Florida Keys and Flagler County. Published observations vary by market.
[1] Gross yield excludes costs and financing. Source figures are unverified; estimates use editable assumptions. Check current listing availability. County records are separate from listings. Saves stay in this browser; export a backup before clearing site data. Sources & methods