Home » Properties » 5161 Collins Ave # 505, Miami Beach FL 33140

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5161 Collins Ave #505, Miami Beach FL 33140

Spacious 2-bedroom, 2-bathroom oceanfront condo with balcony, parking, and resort amenities on Miami Beach’s Millionaires Row.

$7,000

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MLS #A11665943

Listing Updated: 2026-07-16 18:42:13

Listed By: The Keyes Company

Overview

This 1360 sqft corner condominium at 5161 Collins Ave #505 offers two bedrooms and two bathrooms with spectacular intercostal views from a large balcony. Built in 1966, the unit features a master bedroom with a king and full bed, and a second bedroom with two queens and a twin bed. Residents enjoy direct beach access, a pool with oceanfront deck, and a fully equipped fitness center. Additional amenities include free beach service, a poolside Tiki Café, a mini market, beauty salon, 24/7 security, and valet parking with one assigned covered space. This property combines comfortable living with premium resort-style facilities in a prime Miami Beach location.

Property Highlights

Oceanfront condo on Millionaires Row, 2 beds/2 baths, large balcony with intercostal views, direct beach access, pool, fitness center, valet parking.

Property Details

City: Miami Beach

State: FL

Zip Code: 33140

Address: 5161 Collins Ave # 505, Miami Beach FL 33140

Year Built: 1966

Property Type: Residential Lease

Property Sub Type: Condominium

Listing Office Name: The Keyes Company

County: Miami-Dade County

Garage Spaces: 1

Parking Features: 1 Space, Assigned, Covered, Valet

Interior Features:

Exterior Features:

Waterfront: Yes

Pool: No

HOA Fee: $0

Annual Tax: $0

Days On Market: 656 Days

Original Listing Description

Seacoast - Luxury OCEAN FRONT resort style condo with great amenities on Millionaires Row - Immaculate large 2 bedrooms - Master: 1 king and 1 full bed - 2nd bedroom: 2 queens and 1 twin bed and 2 bathrooms - corner unit with a large balcony and spectacular intercostal view - direct beach access - pool and oceanfront deck - free beach service with chairs and umbrellas - 3 sections fitness center, fully equipped - poolside Tiki Café - mini market - beauty salon - 24/7 security and valet parking

Property Location

Explore the surrounding area, nearby amenities, and neighborhood access for this property.

5161 Collins Ave # 505, Miami Beach FL 33140

About This Neighborhood

Located on Collins Avenue in Miami Beach, this property benefits from one of the city’s most prestigious areas known as Millionaires Row. The neighborhood offers a blend of luxury residences, upscale dining, and easy beach access. Residents enjoy a vibrant coastal lifestyle with proximity to cultural attractions, shopping, and entertainment. The area is well-maintained and secure, making it a desirable place to live or rent. Its beachfront setting provides stunning views and a relaxing atmosphere, enhancing the overall living experience.

Walkability & Lifestyle

The property’s location on Collins Avenue provides excellent walkability to a range of amenities. Residents can enjoy nearby restaurants, cafes, and shopping venues, all within easy reach. The beach is directly accessible, encouraging an active outdoor lifestyle. Parks and waterfront areas offer additional recreational opportunities. The neighborhood’s pedestrian-friendly design supports daily convenience and leisure activities without the need for extensive driving.

Things To Do Nearby

Miami Beach offers an array of activities including beach outings, water sports, dining at diverse restaurants, and nightlife options. Residents can visit the pool and oceanfront deck, enjoy the fitness center, or relax at the poolside Tiki Café. Nearby cultural attractions, marinas, and parks provide further entertainment and leisure opportunities. The vibrant lifestyle of Miami Beach supports both relaxation and active pursuits year-round.

Nearby Schools

Miami Beach offers access to a variety of educational institutions within reasonable distance. Families living in this area can find public and private schools that serve different grade levels. The neighborhood’s convenient location allows for manageable commutes to nearby schools, supporting educational needs alongside the benefits of coastal living. Access to quality education options is an important consideration for residents relocating with children.

Why Buyers Like This Area

Buyers appreciate this area for its prime oceanfront location, luxury resort amenities, and vibrant community atmosphere. The convenience of direct beach access combined with secure parking and on-site services enhances daily living. The neighborhood’s reputation for upscale residences and proximity to shopping and dining make it a sought-after destination. Its combination of comfort, convenience, and scenic views appeals to a wide range of residents and renters.

Investment Potential

This oceanfront condominium in Miami Beach offers strong appeal for renters seeking a premium location with resort-style amenities. Its position on Millionaires Row and direct beach access enhance its desirability. Seasonal demand in Miami Beach supports consistent tenant interest, particularly for those valuing lifestyle and convenience. The unit's size and features make it suitable for a range of tenants, from families to professionals. While rental income can fluctuate with market conditions, the property’s amenities and location contribute to its ongoing rental appeal.

Market Trends

Miami Beach’s real estate market remains attractive due to its beachfront location and lifestyle appeal. Properties on Millionaires Row continue to draw interest from renters and buyers looking for premium coastal living. Inventory in this area tends to be competitive, reflecting steady demand. The market favors well-maintained units with resort-style amenities and convenient access to the beach. Long-term interest in Miami Beach real estate is supported by its reputation as a top destination for both residents and visitors.

Rental Income Potential

The rental potential for this Miami Beach condo is supported by its oceanfront location and comprehensive amenities. Properties with direct beach access and resort-style features typically attract tenants seeking seasonal or longer-term stays. The availability of valet parking, fitness facilities, and on-site services adds to tenant convenience and appeal. While rental income varies by season and market conditions, this unit’s location and features position it well for consistent tenant interest in a competitive market.