Atlantic Luxury Advisors
5775 Collins Ave #1602 photo 15775 Collins Ave #1602 photo 25775 Collins Ave #1602 photo 35775 Collins Ave #1602 photo 45775 Collins Ave #1602 photo 5

77 photos

5775 Collins Ave #1602

Miami Beach, FL 33140

$6,150,000
2
3
1,612 sq ft
2021
2 car
Condominium
$4,540/mo
Yes
355
Active

Listing courtesy of Million Realty LLC (Luis Paredes). Contact: [email protected].

About this home

Set within 57 Ocean, this sophisticated residence (Unit 1602) features a flexible 2-bedroom + den layout with 3 full bathrooms — the den easily converts into a third bedroom, offering effortless adaptability for families, guests, or a home office. Both the master suite and second bedroom capture direct ocean views, while a generous 45-foot terrace spans the living and dining area for effortless indoor-outdoor entertaining. Residents enjoy this boutique building’s resort-style amenities, including a private beach and pool service, 24/7 valet and security, concierge, personal fitness trainers, spa services, and a private chef. Ideally positioned on Millionaire’s Row with 220 feet of pristine private beachfront. Contact the listing agent to schedule your private showing.

What it costs to own
Estimated monthly payment
$48,893/mo
Principal and interest
$31,098
Property tax
$9,413
Homeowners insurance
$3,842
HOA
$4,540

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
$112,951/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
$4,540/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.