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5838 Collins Ave #15F
Miami Beach, FL 33140
Listing courtesy of LoKation. Contact: [email protected].
UNBEATABLE VALUE ON MILLIONAIRE’S ROW — LOWEST PRICED UNIT WITHIN 0.25 MILES AT JUST $338,888! Close before year-end to maximize Florida’s newly passed Amendment 3! Establish Florida permanent residency by December 31, 2026, to qualify for expanded homestead exemptions increasing to $150,000 in 2027 and $250,000 in 2028 on non-school taxes. This high-floor residence at 5838 Collins offers sweeping Intracoastal, skyline, and sunset views from a private balcony. Features include wide-plank wood-style floors, impact windows and storm shutters, a dedicated work-from-home desk nook, a generous walk-in closet, an extended shaker vanity dressing suite, and a jetted soaking tub.With the beach just across the street and prime positioning between South Beach and Bal Harbour, this turnkey home offers exceptional views, unbeatable price positioning, and maximum tax efficiency. Easy to show!
- Principal and interest
- $1,714
- Property tax
- $459
- Homeowners insurance
- $208
- HOA
- $900
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.
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.
The full yearly cost of owning this home: property tax levy by levy from the published millage of the parcel’s taxing district (a mailing city is not always inside its city limits), the Save Our Homes cap, HOA and the insurance quotes to get.
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.
This building was built in 1970, according to the county property appraiser.
If it has three or more habitable stories, Florida law (s. 553.899, F.S.) requires a milestone structural inspection by December 31 of the year it reaches 30 years of age, then every 10 years; for a building of this age the first one was due by December 31, 2024. A local building official may require it at 25 years near salt water.
Condominium buildings of three or more stories also need a structural integrity reserve study (s. 718.112(2)(g), F.S.) at least every 10 years; associations formed on or before July 1, 2022 had to complete one by December 31, 2025.
Dates follow from the statutes and the year the county appraiser lists for the building, not from the association's records. Ask the association for its milestone inspection report, its most recent structural integrity reserve study and any approved or proposed special assessments, and review them before you buy.
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 Services. Payment, tax and flood figures on this page are estimates by Atlantic Luxury Advisors, not MLS data.