5500 Collins Ave # 304, Miami Beach FL 33140 | Miami-Dade County | A12000295
- $1,050,000
- Condominium
- 3
- 3.5
- 2
- 2868 Sq Ft
- $1,050,000
Description
Corner unit in immaculate condition showcasing beautiful millwork, rich wood, and a Retro Miami Glam style, with stunning Intracoastal views overlooking the pool. The spacious living area opens to the wraparound balcony and flows into the dining room and kitchen, all capturing water views. Just off the kitchen is an in-unit washer and dryer, and a generous library/den with a wet bar adds great flexibility. The primary suite offers two walk-in closets and dual bathrooms, while the second bedroom features its own ensuite bath, along with a separate powder room for guests. Additional private storage is located outside the front door. The building features outstanding amenities, including a waterfront pool, tennis courts, a club room, gym, sauna, and an on-site restaurant.
Property Overview
This is a 3-bedroom, 3.5-bath condominium of about 2868 square feet at 5500 Collins Ave # 304, Miami Beach FL 33140 (Miami Beach 33140), listed at $1,050,000.
Monthly Costs, Stated Plainly
The monthly HOA fee is $3,490.
The tax of record is $19,403 (2025). As an ESTIMATE ONLY — Florida reassesses at sale — at this price and a Miami-Dade rate near 2.0%: without homestead, about $21,000/yr (≈ $1,750/mo); with the homestead exemption on a primary residence, about $20,000/yr (≈ $1,667/mo). Confirm with the Miami-Dade Property Appraiser and a tax professional — these are estimates, not quotes.
Frequently Asked Questions
What is the list price, and what typically conveys with a home like this?
The list price for 5500 Collins Ave # 304 is $1,050,000. Fixtures and built-in appliances generally convey with the home, but the record does not state if the property is furnished; you must confirm exactly which items are included.
Shared HOA amenities include a pool, sauna, exercise room, marina, and tennis court(s), which are separate from the home's conveyed assets. Contact Christopher Lazaro, Miami Beach Real Estate Professional, to verify these details.
Where exactly is it, and what should I know about the location?
The property is located at 5500 Collins Ave # 304, Miami Beach FL 33140, situated within the coastal corridor of Miami Beach. This location provides direct access to the shoreline and surrounding city amenities.
Contact Christopher Lazaro, Miami Beach Real Estate Professional, to verify specific location details.
What are the HOA / association fees, and what do they cover?
The monthly HOA fee is $3,490. This payment covers All Amenities, Building Exterior, Cable Tv, Hot Water, Internet/WiFi, Landscaping/Lawn Maintenance, Parking, Pest Control Interior, Security, Sewer, Trash Removal, and Water.
An active special assessment is on record; verify the balance and terms during due diligence. The community is subject to city ordinances found at https://library.municode.com/fl/miami-beach/codes/code_of_ordinances . Contact Christopher Lazaro, Miami Beach Real Estate Professional, to confirm these details.
What are the property taxes and homestead implications?
The tax of record is $19,403 (2025). As an ESTIMATE ONLY, since Florida reassesses at sale, the cost at this price and a Miami-Dade rate near 2.0% is about $21,000/yr (≈ $1,750/mo) without homestead, or about $20,000/yr (≈ $1,667/mo) with the homestead exemption on a primary residence. Florida's homestead exemption lowers taxable value only for a primary residence.
Confirm with the Miami-Dade Property Appraiser and a tax professional, as these are estimates, not quotes. Contact Christopher Lazaro, Miami Beach Real Estate Professional, to verify these details.
Is the home in a flood zone, and what does that mean?
Flood zones identify areas prone to inundation, and you can find specific FEMA definitions here. View the FEMA flood map for this address to see the designation for this unit. Lenders often require flood insurance in high-risk zones.
Contact Christopher Lazaro, Miami Beach Real Estate Professional, to verify these details.
Are pets allowed?
Pets are allowed, with restrictions (or possible restrictions) per the MLS record. We will pull the association's exact current pet rules for this unit on request. Federal accommodation rules can apply if a documented service animal or ESA is involved.
Contact Christopher Lazaro, Miami Beach Real Estate Professional, to verify these details.
How is the price set and is there room to negotiate?
Miami-Dade condos have recently been closing at 94% of list, about 64 days on market (MIAMI REALTORS®, May 2026). The $1,050,000 asking price for 5500 Collins Ave # 304 reflects a CMA of the building and its immediate vicinity.
I provide a Miami Beach-specific CMA to buyers before they set an offer. Contact Christopher Lazaro, Miami Beach Real Estate Professional, to verify these details.
What financing step do you recommend before touring?
Secure a pre-approval before touring 5500 Collins Ave # 304 to ensure your budget aligns with the $1,050,000 asking price. You should speak with a Florida-licensed MLO to establish your purchasing power.
Contact Christopher Lazaro, Miami Beach Real Estate Professional, to verify these details.
Monthly Fees & Carrying Costs
| Association Fee | $3,490 / month |
| Total Monthly Fees | $3,490 / month |
- Membership Required: No
- Application Fee: $100 (one-time)
Have a question about this Miami Beach listing?
Talk directly with Christopher Lazaro, your Miami Beach real estate advisor. No pressure — real answers.
Address
Open on Google Maps-
Address: Collins Ave
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City: Miami Beach
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State/county: Miami-Dade County
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Zip/Postal Code: 33140
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Area: TOWERHOUSE CONDO
Details
Updated on August 21, 2026 at 1:42 am-
Property ID A12000295
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Price $1,050,000
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Property Size 2868 Sq Ft
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Bedrooms 3
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Room 0
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Bathrooms 3.5
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Garages 2
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Year Built 1974
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Type Condominium
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Property Status Active, Residential
Additional details
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Flooring Carpet, Other, Wood
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Waterfront Features Canal Front
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Bedroom Features At Least 1 Bedroom Ground Level, Primary Bath Tub
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Cooling Central Air
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Association Type Condo
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Building TOWERHOUSE CONDO
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Association Fee Frequency Monthly
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Area Towerhouse Condo
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Annual Tax 19403
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Association Yes
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Elementary School North Beach
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Private Pool No
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Listing Terms All Cash, Conventional
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Waterfront Yes
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Full Bathrooms 3
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Subdivision TOWERHOUSE CONDO
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Total Stories 25
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Restrictions Other Restrictions
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Amenities Exercise Room, Marina, Other, Pool, Sauna, Tennis Court(s)
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Parking Valet
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Heating Central
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Structure Type Condo 5+ Stories, Condo
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Tax Year 2025
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Construction CBS Construction
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Building Area 2868
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Covered Spaces 2
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Middle School Nautilus
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Unit Floor 3
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View Canal
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Year Built Details Resale
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High School Miami Beach
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Pets Allowed Yes
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Attached Yes
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Unit Number 304
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Inclusions Other
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Half Bathrooms 1
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Flood Zone AE
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Patio / Porch Deck, Open Balcony
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New Construction No
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Garage Spaces 2
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Style Condo 5+ Stories
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Association Fee 3490
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Lot Size (Sq Ft) 0
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Membership Purchase Required No
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