Condo · Miami Beach · Miami-Dade County

5151 Collins Ave #925, Miami Beach

Remodeled waterfront 2-bedroom / 2-bath condo in an oceanfront building with direct beach access, balcony ocean and Intracoastal views, and assigned parking. The broker advertises a new A/C system and completed recertification.

Recorded status: Broker page reported active; recheck availability. Checked: Oct 30, 2026.

Dated listing record · recheck availability and legal unit count.

Asking price: $700,000

Monthly rent · Scenario: Not reported

Unit mix & possession

One individual 2-bedroom / 2-bath condo, 1,030 living SF; not the entire building.

Reported units: 1
Reported listing area: 1,030 sq ft
Reported year built: 1966
Asking / reported sq ft: $680

SIEARN TAKE

Why we’re tracking it

Oceanfront access with an explicitly motivated seller and 770 source-reported days on market. The $700,000 ask is $35,000 below the September 2024 start. This is a negotiation lead; the price cut alone does not establish a discount to market.

LISTING AGENT’S DESCRIPTION · SUMMARY

One individual 2-bedroom / 2-bath condo, 1,030 living SF; not the entire building.

Association fees conflict: the summary shows $1,057/month, a separate condo/maintenance field shows $664/month, and the calculator totals $1,721. Confirm whether both charges apply; HOA input remains unknown.

Listed by Miami New Realty · Margarita Diaz · via Compass · observed Oct 30, 2026Read the full agent description at Miami New Realty ↗

View broker photos (opens broker website)

Broker info & key considerations To confirm

Oceanfront · motivated seller · long market exposure

Resolve total monthly fees, assessments and lawful rental use before choosing a target purchase price.

Association fees conflict: the summary shows $1,057/month, a separate condo/maintenance field shows $664/month, and the calculator totals $1,721. Confirm whether both charges apply; HOA input remains unknown.
Completed 40/50-year recertification is a broker claim. Obtain the actual reports, reserve study and assessment schedule.
Broker rental fields advertise 15-day minimums and six leases per year; current association rules and city licensing are unverified. No current rent is established.

Source evidence and diligence

Financial figures observed Oct 30, 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

Miami New Realty · Margarita Diaz · via Compass · MLS A11663338Source observation · Oct 30, 2026

Questions to resolve

Resolve total monthly fees, assessments and lawful rental use before choosing a target purchase price.
Obtain unit insurance and financing quotes; current income and net return remain unestablished.

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Research public listings, rental evidence, HOA, assessments and property risks with OpenAI. Only the address and city are sent; your buying plan stays private. Check source dates and confirm the exact unit.

45 properties

Compare income, cash flow and risks.

45 of 102 researched properties

Multifamily

Price$499K$340/SF

1932 Dewey St

Hollywood South Side · Hollywood

2 reported units1,468 SF

Reported rent / mo: $3,900
Reported gross yield¹: 9.4%
Est. cap rate: 3.6%
Est. cash flow / mo: $1,388

$7,474/year historical tax

Source checked · Oct 5, 2026

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Multifamily

Price$1.39M$459/SF

1765 Normandy Dr

Normandy Isle · Miami Beach

4 reported units3,024 SF

Reported rent / mo: $8,667
Reported gross yield¹: 7.5%
Est. cap rate: 2.8%
Est. cash flow / mo: $2,972

2 × 2BR/1BA + 2 × 1BR/1BA
$15,491/year historical tax

Source checked · Oct 18, 2026

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Multifamily

Price$1.4M$314/SF

851 80th St

North Beach · Miami Beach

4 reported units4,458 SF

Reported rent / mo: $8,800
Reported gross yield¹: 7.5%
Est. cap rate: 2.6%
Est. cash flow / mo: $2,788

4 × 2BR/1BA
No HOA reported
$17,758/year historical tax

Source checked · Sep 25, 2026

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Multifamily

Price$1.7M$487/SF

2120 Biarritz Dr

Normandy Isle · Miami Beach

4 reported units3,492 SF

Reported rent / mo: $9,700
Reported gross yield¹: 6.8%
Est. cap rate: 2.5%
Est. cash flow / mo: $3,185

2 × 1BR/1BA + 1 × 2BR/1BA + 1 × 2BR/2BA
$18,497/year historical tax

Source checked · Sep 25, 2026

Open brief

Multifamily

Price$680K$179/SF

978 Gibraltar Rd

Winston Park · Key Largo

2 reported units3,794 SF

Reported rent / mo: $4,400
Reported gross yield¹: 7.8%
Est. cap rate: 1.9%
Est. cash flow / mo: $926

Two 2-bedroom / 1-bath units, each reported at $2,200 per month
$4,605/year historical tax

Source checked · Oct 14, 2026

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4133 SW 52nd St: aerial photograph of the existing duplex and lot

Multifamily

Price$839K$432/SF

4133 SW 52nd St

Broward Gardens · Dania Beach

2 reported units1,942 SF

Reported rent / mo: $4,350
Reported gross yield¹: 6.2%
Est. cap rate: 1.7%
Est. cash flow / mo: $1,065

Two existing residences: 3 bed / 2 bath and 2 bed / 2 bath
$13,067/year historical tax

Source checked · Oct 2, 2026

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Multifamily

Price$1.24M$709/SF

600 SW 16th Ave

Little Havana · Miami

3 reported units1,748 SF

Reported rent / mo: $6,000
Reported gross yield¹: 5.8%
Est. cap rate: 1.5%
Est. cash flow / mo: $1,399

Three apartments in one offering
Built 1953
$11,161/year historical tax

Source checked · Oct 28, 2026

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1938 Pierce St: listing exterior photograph

Multifamily

Price$495K$472/SF

1938 Pierce St

Royal Poinciana · Hollywood

2 reported units1,049 SF

Reported rent / mo: $2,800
Reported gross yield¹: 6.8%
Est. cap rate: 1.4%
Est. cash flow / mo: $498

Two 1-bedroom / 1-bath apartments offered together
Built 1954
5,454 SF lot

Source checked · Oct 11, 2026

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18 Prospect Ln A & B listing photograph 1

Multifamily

Price$465K$177/SF

18 Prospect Ln A & B

Palm Coast Sec 24 · Palm Coast

2 reported units2,622 SF

Potential rent / mo: $3,370
Potential gross yield¹: 8.7%
Est. cap rate: 2.7%
Est. cash flow / mo: $930

3 bed / 2 bath per unit
Garage per unit
2023 reroof permit

Source checked · Oct 12, 2026

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Multifamily

Price$469K$181/SF

13 Buttonwood Ln

Palm Coast Sec 35 · Palm Coast

2 reported units2,588 SF

Potential rent / mo: $3,300
Potential gross yield¹: 8.4%
Est. cap rate: 2.5%
Est. cash flow / mo: $874

3 bed / 2 bath per unit
2 attached garages
Screened rear porches

Unit A advertised vacant

Source checked · Oct 28, 2026

Open brief

Multifamily

Price$2.35M$676/SF

815 W 39th St

Mid-Beach · Miami Beach

4 reported units3,474 SF

Reported rent / mo: $12,450
Reported gross yield¹: 6.4%
Est. cap rate: 2.4%
Est. cash flow / mo: $4,357

4 × 2BR/2BA
$26,623/year historical tax

Workbook research · Sep 22, 2026

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Multifamily

Price$1.81M$467/SF

1791 Marseille Dr

Normandy Isle · Miami Beach

4 reported units3,872 SF

Reported rent / mo: $8,900
Reported gross yield¹: 5.9%
Est. cap rate: 1.7%
Est. cash flow / mo: $2,279

4 × 2BR/1BA per listing narrative

Workbook research · Sep 22, 2026

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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