WorkspaceDiscoverCondo · Miami Beach · Miami-Dade County
6039 Collins Ave #728, Miami Beach
Compass reports this condo sold October 23, 2026 for $413,000. The $434,000 figure retained here is its last asking price. Earlier remarks described a tenant, without actual rent or a lease-end date.
Recorded status: Public listing reports sold October 23, 2026; research only. Checked: .
Dated listing record · recheck availability and legal unit count.
- Asking price
- $434,000
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 | $1,161 | 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
2 bedrooms advertised; one condo unit
- Reported units
- 1
- Reported listing area
- 1,280 sq ft
- Asking / reported sq ft
- $339
- HOA / month
- $1,161Special assessment disclosed; current installment, balance and payoff unknown.
- Historical property tax / year
- $5,755
- HOA + historical tax / month
- $1,641
$1,641/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
- October 26 source review: sold; retained for saved research, not an available investment. Pool repairs and exterior work appear in the historical remarks; current assessment balances remain unknown.
- Two bedrooms are advertised; older public records say one. Verify the approved conversion.
- Current MLS: 365-day minimum, one lease/year. Tenant occupied; current rent, lease expiry and tenant estoppel were not provided. New-owner waiting rules and lease succession remain to be verified.
- Reported HOA $1,161/month; current Compass MLS says Special Assessment: Yes. A 2022 listing for this exact unit cited $537.48/month for recertification; that historical amount is NOT verified as current or included in HOA. Obtain current balance, installment and payoff terms.
- Workbook rent estimates are analyst assumptions and are not imported as collected rent.
Source evidence and diligence
Financial figures observed Sep 29, 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 / MLS A12031468 · closed-sale reviewSource observation · Oct 26, 2026
- Source reviewed 29 Sep 2026 · price, status, income and claims; older tax/fee provenance retainedSource observation · Sep 29, 2026
- Listing page on zillow.comWorkbook observation · Sep 23, 2026
- Workbook supporting source · 23 SepWorkbook 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
- 50 Biscayne Blvd #2507, Miami: condo, asking $435,000
- 6039 Collins Ave #534, Miami Beach: condo, asking $430,000
- 5825 Collins Ave #2E, Miami Beach: condo, asking $461,000
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