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$1,699,000was $1,750,000

5500 Collins Ave #1401

3 bd · 5 ba · 2,868 sq ft

Asking price cut 2.9% on September 16, from $1,750,000.

92 days on marketCondominiumWaterfront

Listing courtesy of Compass Florida, LLC. 305-851-2820

From the MLS

Bedrooms
3
Bathrooms
5
Living area
2,868 sq ft
Asking per square foot
$592
Year built
1974
Association fee
$3,490 monthly
ZIP code
33140
MLS number
A12037273

What the listing says

Welcome to Residence 1401 at TowerHouse, a corner residence offering over 2,800 square feet, 3 bedrooms, 4.5 bathrooms, plus a private staff suite or flexible fourth bedroom. With sweeping Intracoastal and ocean views from nearly every room and a spacious balcony that spans multiple sides of the residence, this home captures the essence of classic Miami Beach living. An expansive living room serves as the centerpiece of the home, offering stunning water views, abundant natural light, and plenty of space for entertaining. The oversized kitchen features a dedicated breakfast area overlooking the water, while the well-designed floor plan offers endless opportunities to update, personalize, or enjoy as is. Additional features include a formal dining room, a large laundry room with its own shower, a private trash chute, and exceptional storage throughout. The primary suite is complete with dual marble bathrooms, a spacious dressing room, and walk-in closet. Equal parts grand and nostalgic, Residence 1401 offers a rare opportunity to own a home with the scale, views, and retro Miami glamour that are increasingly hard to find. Life at TowerHouse is defined by service and exclusivity. Residents enjoy a waterfront pool with attendant service, fitness center, tennis courts, a private residents-only restaurant, valet parking, concierge, elevator attendant, and 24-hour security, all within one of Miami Beach's most iconic full-service buildings.

Description supplied by Compass Florida, LLC.

Before you offer on this one

The asking price is the easy part. What decides a Miami condo purchase sits in the association’s budget, its reserve study, the last twelve months of board minutes and the milestone inspection — and in whether the declaration permits what you intend to do with it.

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