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$510,000

5225 Collins Ave #511, Miami Beach, FL 33140

Bedrooms
2
Baths
2
Living area
960 ft²
Price per ft²
$531 / ft²
Type
Condo
Year built
1962
HOA
$1,808 / mo HOA
On market
1 days on market
MLS #
A12115287

The ocean is your backyard in this oceanfront condo building. Open balcony with views of the ocean, beach. Maintenance includes condo unit electricity, air conditioning, valet parking, pest control, wi-fi, basic cable, etc...On the ocean The Alexander offers a multitude of amenities such as valet parking, concierge, attended front desk staff, security, two heated swimming pools, hot tubs, gym, steam room, sauna, poolside full liquor bar and food service, full service hair salon, boat rental and boat dock rental at marina, access to the beach, water sports available (jet skis, canoes, kayaks), oceanside boardwalk, bicycles, complimentary for owners beach service (chair lounge and umbrella), poolside cabanas. Hotel rental program available to owners who wish to rent out their units when not using. Impact windows and door, open balcony with ocean view. Daily rentals and short term rentals allowed.

The MiamiLi Read

The lines below are derived automatically from this listing’s own data and the area’s recorded deed transfers. They are not a personal opinion or investment advice.

  • Price per square footThe asking price per ft² on this listing is $531. The median for recorded sales in the same ZIP codes is $605/ft² — putting it 12% below the median.
  • Position in the area’s price distributionThe asking price is $510,000; the median of recorded sales in the area is $592,500 (2,290 sales). On raw price that is 14% below the median — this line does NOT adjust for property type or size.
  • HOA fee as a share of priceAn HOA fee of $1,808 per month comes to $21,696 a year — 4.3% of the asking price. That amount is deducted from rental yield.

How to read this comparison: the figure on the left is an asking price, while the one on the right is a closed sale median — the two are not the same thing, and the room to negotiate sits inside that gap. The median covers every property type and size in those ZIP codes; it carries no adjustment for a single listing’s floor, view, age or finishes. This box is not an appraisal.

Scope: ZIP codes 33139, 33140, 33141 · arm’s-length sales recorded by the Miami-Dade County Property Appraiser.

Monthly mortgage payment

Estimated monthly loan payment based on this listing's price. Adjust the down payment, rate and term to match your own terms.

30%$153,000
Term

7.24% — Freddie Mac PMMS (FRED) current mortgage rates, 30-year fixed, conforming. Priced October 29, 2026.

Estimated monthly payment$2,433
Loan amount
$357,000
Total interest over the term
$518,861
Total repaid
$875,861

Principal and interest only; property tax, insurance and HOA dues are NOT included. This is not a binding offer.

Marcos Real Estate Svcs, Inc.

Listing data provided by the Southeast Florida MLS (MIAMI REALTORS®) IDX feed. Copyright Southeast Florida Multiple Listing Service © 2026. Accuracy of listing information is not guaranteed. Listing information is provided for personal consumer, non-commercial use, solely to identify potential properties for potential purchase. All other use is strictly prohibited.

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