Atlantic Luxury Advisors
5880 Collins Ave #403 photo 1

5880 Collins Ave #403

Miami Beach, FL 33140

$499,000
2
2
908 sq ft
1989
1 car
Condominium
$1,689/mo
Yes
341
Active

Listing courtesy of Douglas Elliman (David Nguah). Contact: [email protected].

About this home

Fully renovated 2-bed, 2-bath condo in the heart of Miami Beach’s Millionaire’s Row—just 3 minutes from the beach. This bright unit features stainless steel appliances, new impact windows, in-unit washer/dryer, covered parking and tranquil canal views. The building has completed its 40-year recertification with major upgrades including new roof, elevators, balconies, impact windows and fresh exterior paint. HOA includes water and trash. A+ rated school district. Move-in ready and ideal for beachside living or investment.

What it costs to own
Estimated monthly payment
$5,226/mo
Principal and interest
$2,523
Property tax
$706
Homeowners insurance
$308
HOA
$1,689

An estimate, not a loan offer. The rate and insurance are assumptions to edit with your own quotes; Florida insurance varies widely by age, construction and distance to the coast. Flood insurance and PMI are not included.

Florida cost of ownership
Estimated property tax
$8,468/yr

Estimate: the price times the Miami-Dade County average total millage (18.49 mills, Florida Department of Revenue, 2025 average total millage by county), less the homestead exemptions. The actual bill depends on the city, the assessed value and special assessments. Save Our Homes then caps annual assessment increases at 3% or inflation, whichever is lower.

HOA
$1,689/mo (from the listing)
FEMA flood zone
Zone AE, special flood hazard area

Inside the 1% annual chance floodplain. Lenders require flood insurance on a financed home; ask for the elevation certificate.

Hurricane evacuation zone
Zone B: ordered to evacuate for Category 1 hurricanes and stronger.

Sources: FEMA National Flood Hazard Layer and the Florida Division of Emergency Management evacuation zones, looked up at the listing point. Confirm with an elevation certificate and your insurer.

Location

Listing data provided by the Southeast Florida Multiple Listing Service (MIAMI REALTORS®). The data is deemed reliable but is not guaranteed accurate by the MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and is deemed reliable but is not guaranteed accurate by the MLS. Atlantic Luxury Advisors is a real estate team at Keller Williams Realty. Payment, tax and flood figures on this page are estimates by Atlantic Luxury Advisors, not MLS data.