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5005 Collins Ave, Miami Beach FL 33140

Penthouse For Sale
$408,000

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ETH: 166.59861168

-$22K (2026/08/19)
69 days
Waterfront
1 bds
2 ba
1,046 sqft

Overview

Discover a rare penthouse opportunity on iconic Millionaire's Row, where sweeping Intracoastal waters and the Miami skyline create an extraordinary backdrop to everyday living. Impeccably maintained and move-in ready, this spacious 1-bedroom, 2-full-bath residence offers the comfort and flexibility today's buyers seek, complemented by abundant natural light and impressive sunset views from the privacy of the top floor. The thoughtfully designed layout provides generous living and entertaining spaces, along with a dedicated office area and den enclosed by a glass partition, offering additional flexibility for work, guests, or everyday living. The pristine condition allows for immediate enjoyment. Residents enjoy resort-style amenities including 24-hour concierge, heated pool, beach service, fitness center, jacuzzi, library, BBQ area, valet, and direct beach access via the oceanfront boardwalk. The building has completed significant capital improvements, including impact windows and doors, and has successfully passed its 50-year certification. Ideally positioned moments from Fontainebleau, Soho Beach House, the Faena District, world-class dining, and the very best of Miami Beach living. The residence is currently leased through October 30, 2026, offering flexibility for buyers planning a future move or an effortless transition for those wishing to continue generating rental income, as the current tenant has expressed interest in extending their stay. Penthouse residences in this sought-after building rarely become available.

Location

Details

Type:
Residential
Parking:
2 Or More Spaces / Additional Spaces Available / Assigned / Covered / Valet / No Rv/Boats / No Trucks/Trailers
Year Built:
1964
Lot:
No Data
Heating:
Central
Price/sqft:
$390
Cooling:
Ceiling Fan(s) / Central Air
HOA:
$1,467

Valuation

Our model vs. what's actually selling nearby.
Estimate
$435,250
$357K – $612K
Confidence Low
List vs. estimate
$27K below estimate
List $408,000 · -6.3%
Our model says this listing is priced below recent comparable activity. Expect competition.
Price per sq ft
$390
-70.0% vs. city median $1,301
Based on
16 MLS comparables
+ 30 public-records sales within 0.5 mi
Median actual sale: $675K
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$7,076
2025
HOA
$1,467/mo
View
Bay, Intracoastal View
Waterfront
Canal Width 121 Feet Or More, Ocean Front
Garage
1 car garage
All facts and features
  • Flooring

    • Tile

    Heating

    • Central

    Cooling

    • Ceiling Fan(s)

    • Central Air

    Appliances

    • Dishwasher

    • Disposal

    • Electric Range

    • Electric Water Heater

    • Microwave

    • Refrigerator

    • Self Cleaning Oven

    • Trash Compactor

    Other interior features

    • Interior Hall

    • Lobby

    • First Floor Entry

    • Closet Cabinetry

    • Elevator

    • Shabbat Elevator

    • Entrance Foyer

    • Den/Library/Office

    • Family Room

    • Storage

    Bedrooms and bathrooms

    • Bedrooms: 1

    • Full bathrooms: 2

  • Parking

    • 2 Or More Spaces

    • Additional Spaces Available

    • Assigned

    • Covered

    • Valet

    • No Rv/Boats

    • No Trucks/Trailers

    Property

    • Levels: 1

    • Exterior Features: Barbeque / Courtyard

    Other Property Information

    • Parcel Number: 02-32-14-018-0280

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Condominium

  • Other financial information

    • HOA: $1,467

    • HOA Frequency: Monthly

    • Annual tax amount: $7,076

  • Source details

    • MLS ID: A12035262

    Other facts

    • Construction Materials: CBS Construction

    • Laundry Features: Common Area

    • Patio And Porch Features: Deck

    • Window Features: Complete Impact Glass / Blinds / High Impact Windows / Sliding

    • Direction Faces: West

    • Architectural Style: Penthouse

    • Waterfront: Yes

    • Garage Spaces: 1

    • Attached Garage: Yes

    • Garage: Yes

    • Living Area: 1046

    • Subdivision Name: Carriage Club North

Private inquiry
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The multiple listing information is provided by the Miami Association of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Miami Association of REALTORS®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: Coldwell Banker Realty