5880 Collins Ave # 1007, Miami Beach FL 33140 | Miami-Dade County | A12020672
- $499,900
- $499,900
Description
MUST-SEE OPPORTUNITY! Beautifully remodeled 2-bedroom, 2-bathroom residence featuring 959 sq. ft. of interior living space and an oversized balcony with breathtaking views of the ocean, Intracoastal, downtown Miami, and Biscayne Bay.
Located in Miami Beach, this property offers the ultimate blend of luxury, lifestyle, and investment potential. The building features excellent amenities, including a pool, clubhouse, gated guest parking, and 1 assigned covered parking space. Shared W/D located same floor
Perfect as a primary residence, vacation home, or investment property. Rentals are allowed immediately with a minimum 30-day lease term.
Property Overview
This is a 2-bedroom, 2-bath home of about 959 square feet at 5880 Collins Ave # 1007, Miami Beach FL 33140 (Miami Beach 33140), listed at $499,900.
Monthly Costs, Stated Plainly
The monthly HOA fee is $1,034.
The tax of record is $6,691 (2025). As an ESTIMATE ONLY — Florida reassesses at sale — at this price and a Miami-Dade rate near 2.0%: without homestead, about $10,000/yr (≈ $833/mo); with the homestead exemption on a primary residence, about $9,000/yr (≈ $750/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 5880 Collins Ave #1007 is $499,900. While the MLS does not specify the furnished status, fixtures and built-in appliances typically convey with the home—always confirm specifics during the inspection period. The unit itself includes its own laundry, but residents also enjoy shared HOA amenities like the pool and elevators. For precise details on what stays with the property, contact Christopher Lazaro, Miami Beach Real Estate Broker, to review the current offering.
To avoid surprises at closing, let Christopher personally verify what conveys—he’ll ensure you’re fully informed before moving forward.
Where exactly is it, and what should I know about the location?
5880 Collins Ave #1007 is in Miami Beach, FL 33140, positioned along the coastal Collins Avenue corridor—a prime stretch known for its proximity to the ocean and vibrant urban energy. The location offers easy access to Miami Beach’s renowned beaches, dining, and cultural attractions while maintaining a residential feel. For precise details on the neighborhood’s dynamics or to schedule a viewing, contact Christopher Lazaro, Miami Beach Real Estate Broker, directly.
What are the HOA / association fees, and what do they cover?
The monthly HOA fee for 5880 Collins Ave #1007 is $1,034, which covers water, sewer, trash removal, and common-area upkeep—we can confirm the full maintenance schedule upon request. As with all Miami Beach properties, this community adheres to local ordinances, which you can review here. For a detailed breakdown or to discuss how these fees align with your budget, contact Christopher Lazaro, Miami Beach Real Estate Broker, directly.
What are the property taxes and homestead implications?
The property taxes at 5880 Collins Ave #1007 are currently $6,691 (2025 tax of record), but Florida reassesses upon sale. As an ESTIMATE ONLY — using Miami-Dade’s approximate 2.0% rate — taxes at the $499,900 list price would be around $10,000/yr (≈ $833/mo) without homestead. Florida’s homestead exemption, which reduces taxable value for primary residences only, could lower this to roughly $9,000/yr (≈ $750/mo). These are estimates, not guarantees — always confirm with the Miami-Dade Property Appraiser and a tax specialist. For precise figures, contact Christopher Lazaro, Miami Beach Real Estate Broker, to review your specific scenario.
Is the home in a flood zone, and what does that mean?
5880 Collins Ave #1007 is in a FEMA-designated flood zone, which indicates its risk level for flooding during storms or high tides. Flood zones like AE or VE (common in coastal areas) signal higher risk, while X zones are lower risk—FEMA's definitions detail these categories. View the FEMA flood map for this address to confirm its specific zone; lenders often mandate flood insurance in high-risk areas. For precise guidance on insurance costs or mitigation steps, contact Christopher Lazaro, Miami Beach Real Estate Broker—he’ll clarify how this impacts your investment.
Are pets allowed?
This is a single-family home at 5880 Collins Ave #1007, so there’s no condo or HOA board restricting pets—ownership or rental policies are set by the owner, within local ordinances. Documented service animals and emotional support animals (ESAs) are protected under federal law. For clarity on current arrangements or lease terms, contact Christopher Lazaro, Miami Beach Real Estate Broker, directly.
How is the price set and is there room to negotiate?
The price reflects a competitive CMA for this Miami Beach condo, balancing recent sales of similar units in the building and vicinity with broader market trends. Miami-Dade single-family homes have recently been closing at 95% of original list, averaging 41 days to contract (MIAMI REALTORS®, May 2026), but condos like 5880 Collins Ave #1007 often follow their own rhythm—let’s review a Miami Beach-specific CMA together to pinpoint your ideal offer. For precise negotiation insights, contact Christopher Lazaro, Miami Beach Real Estate Broker, to verify the latest comps and strategy.
What financing step do you recommend before touring?
Before touring 5880 Collins Ave #1007, I strongly recommend securing a pre-approval from a Florida-licensed mortgage originator — this clarifies your budget and strengthens your position in Miami Beach’s competitive market. At $499,900 for 959 sqft, this 2-bedroom condo demands a prepared buyer. Reach out to me, Christopher Lazaro, Miami Beach Real Estate Broker, to verify financing options or schedule a showing with confidence.
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: LA RIVE GAUCHE CONDO
Details
Updated on June 1, 2026 at 8:40 pm-
Property ID A12020672
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Price $499,900
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Property Size 959 Square Feet
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Bedrooms 2
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Bathrooms 2
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Garage 1
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Year Built 1989
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Type Condominium
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Property Status Residential
Additional details
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Amenities Laundry, Elevator(s), Pool
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Association Fee 1034
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Association Fee Frequency Monthly
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Full Bathrooms 2
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Half Bathrooms 0
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Building Area 959
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Building LA RIVE GAUCHE CONDO
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Construction CBS Construction
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Cooling Central Air
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Covered Spaces 1
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Elementary School North Beach
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Unit Floor 10
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Flooring Tile, Wood
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Heating Central
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High School Miami Beach
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Inclusions Restricted Salt Water Access
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Listing Terms All Cash, Conventional
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Lot Size (Sq Ft) 0
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Area La Rive Gauche Condo
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Middle School Nautilus
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Parking 1 Space, Assigned, Guest
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Total Stories 14
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Structure Type Condo 5+ Stories, Condo
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Annual Tax 6691
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Tax Year 2025
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Unit Number 1007
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View Ocean View, Other View, Water View
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Waterfront Features Ocean Front
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Year Built Details Resale
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