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$408,000was $430,000

5005 Collins Ave #PH02

1 bd · 2 ba · 1,046 sq ft

Asking price cut 5.1% on August 19, from $430,000.

99 days on marketCondominiumWaterfront

Listing courtesy of Coldwell Banker Realty. 305-672-6300

From the MLS

Bedrooms
1
Bathrooms
2
Living area
1,046 sq ft
Asking per square foot
$390
Year built
1964
Association fee
$1,467 monthly
ZIP code
33140
MLS number
A12035262

What the listing says

Discover a rare penthouse opportunity on Millionaire's Row with sweeping Intracoastal and Miami skyline views. Located on the top floor, this spacious 1-bedroom, 2-full-bath residence features 12+ foot ceilings, abundant natural light, and impressive sunset views. The flexible layout includes a dedicated office area and a glass-enclosed den, and similar-sized residences are often reconfigured to create a second bedroom. Impeccably maintained and move-in ready, the residence offers generous living and entertaining spaces with the added privacy of penthouse living. Residents enjoy 24-hour concierge, heated pool, beach service, fitness center, jacuzzi, library, BBQ area, valet, and direct beach access via the oceanfront boardwalk. The building has completed significant capital improvements, including impact windows and doors, and has successfully passed its 50-year certification. Ideally located near Fontainebleau, Soho Beach House, the Faena District, dining, and entertainment. The residence is currently leased through October 30, 2026, providing flexibility for a future move or continued rental income, with the current tenant expressing interest in extending their stay. Penthouse residences in the building rarely become available.

Description supplied by Coldwell Banker Realty.

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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