5880 Collins Ave # 302, Miami Beach FL 33140 | Miami-Dade County | A11935847
- $498,500
- $498,500
Description
Millionare’s Row Pied-a-Terre. This unit offers a fantastic large covered terrace with ample sitting areas and BBQ which creates a private space ideal for entertaining. Unit comes fully furnished and equipped, just bring your clothe and toothbrush. This apartment has been fully remodeled, and it includes large Porcelain floors, Calacatta marmol in master Bathroom, Bosh W/D, tankless water heater, new Air Conditioning with modern elegant AC diffusers throughout and plenty of customized storage. Unit comes with 2 deeded and covered parking spaces. Building offers 24hr security/concierge. Maintenance includes Cable with HBO and SHO and high speed internet. Located next to MEI, The Bath Club and surrounded by million dollar properties. Beach access right in front of the building. Trolly stops in front of the building also, offering an amazing way to commute in Miami Beach. Restaurants and shop within walking distance. This is truly an amazing DEAL!
Property Overview
This is a 1-bedroom, 1.5-bath home of about 746 square feet at 5880 Collins Ave # 302, Miami Beach FL 33140 (Miami Beach 33140), listed at $498,500.
Monthly Costs, Stated Plainly
This home has no mandatory HOA (single-family / no association on record).
The tax of record is $1,359 (2024). As an ESTIMATE ONLY — Florida reassesses at sale — at this price and a Miami-Dade rate near 2.0%: without homestead, about $9,970/yr (≈ $831/mo); with the homestead exemption on a primary residence, about $8,970/yr (≈ $748/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 is $498,500. What conveys with the home itself includes all fixtures and built-in appliances, but the MLS record does not explicitly state whether the unit is being sold furnished; this requires specific verification.
The property provides access to several shared community amenities, including a barbecue area, bike storage, a clubhouse, on-site laundry facilities, elevators, a trash chute, and a vehicle wash area. For precise details on what is included in the sale, contact Christopher Lazaro, Miami Beach Real Estate Expert, to review the current listing and confirm all conveyances.
Where exactly is it, and what should I know about the location?
The property is located at 5880 Collins Avenue, Unit 302, in Miami Beach, Florida 33140. This places it directly on the coastal Collins Avenue corridor, a primary north-south thoroughfare on the barrier island.
For a detailed evaluation of the immediate neighborhood's current dynamics, including traffic patterns and nearby amenities, you should contact Christopher Lazaro, Miami Beach Real Estate Expert, to discuss your specific questions.
What are the HOA / association fees, and what do they cover?
The property at 5880 Collins Ave has no mandatory homeowners association. The owner is responsible for all utilities, maintenance, and exterior upkeep.
It remains subject to Miami Beach city ordinances, which you can review via the municipal code. For complete verification of responsibilities, contact Christopher Lazaro, Miami Beach Real Estate Expert.
What are the property taxes and homestead implications?
The current tax of record is $1,359 (2024). As an estimate only, Florida reassesses upon sale. At the list price of $498,500 and a Miami-Dade rate near 2.0%, the annual property tax could be approximately $9,970 without a homestead exemption, or about $8,970 with it.
The homestead exemption lowers the taxable value only for a primary residence. These are estimates, not quotes; confirm final figures with the Miami-Dade Property Appraiser and a tax professional. For precise verification and guidance, contact Christopher Lazaro, Miami Beach Real Estate Expert.
Is the home in a flood zone, and what does that mean?
Yes, this unit is located in a FEMA-designated flood zone, specifically Zone AE. This is a high-risk area where flood insurance is mandatory for most mortgage holders. You can view the FEMA flood map for this address and review official definitions on their website.
Understanding the specific insurance requirements and costs is a critical part of evaluating this property. For a precise verification of the flood data and its implications for your purchase, you should contact Christopher Lazaro, Miami Beach Real Estate Expert.
Are pets allowed?
This is a single-family home, so there is no condo or HOA board dictating a pet policy. Pet allowances are at the owner's discretion, subject to city ordinances and any applicable lease terms.
Documented service animals and emotional support animals carry separate federal protections. For definitive verification of any current restrictions, reach out to Christopher Lazaro, Miami Beach Real Estate Expert.
How is the price set and is there room to negotiate?
The list price reflects a comparative market analysis for the building and immediate vicinity. To place this in context, Miami-Dade single-family homes have recently been closing at 95% of original list, around 41 days to contract. This broader trend provides a market-wide reference point.
For a precise assessment of negotiation room at 5880 Collins Ave, I can provide a current Miami Beach-specific CMA. To verify the analysis and discuss strategy, contact Christopher Lazaro, Miami Beach Real Estate Expert.
What financing step do you recommend before touring?
Before touring, secure a pre-approval from a Florida Licensed Mortgage Loan Officer. This step clarifies your budget and positions you as a serious buyer for properties like 5880 Collins Ave #302, listed at $498,500.
Once you have your pre-approval, contact Christopher Lazaro, Miami Beach Real Estate Expert, to verify your position and schedule a viewing.
Monthly Fees & Carrying Costs
| Maintenance Fee | $855 / month |
| Total Monthly Fees | $855 / month |
- Membership Required: No
- Application Fee: $150 (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: LA RIVE GAUCHE CONDO
Details
Updated on August 31, 2026 at 3:52 pm-
Property ID A11935847
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Price $498,500
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Property Size 746 Sq Ft
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Bedroom 1
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Room 1
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Bathrooms 1.5
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Garages 2
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Year Built 1989
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Type Condominium
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Property Status Active, Residential
Additional details
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Waterfront Features Canal Front, Intracoastal Front
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Bedroom Features At Least 1 Bedroom Ground Level, Primary Bath Shower
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Cooling Central Air
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Association Type Homeowners
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Building La Rive Gauche
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Association Fee Frequency Monthly
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Area La Rive Gauche Condo
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Annual Tax 1359
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Maintenance Fee Paid Per Monthly
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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 1
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Subdivision LA RIVE GAUCHE CONDO
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Total Stories 12
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Restrictions Dock Restrictions, Exterior Alterations, No Daily Rentals
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Amenities Barbecue, Bike Storage, Clubhouse-Clubroom, Laundry, Elevator(s), Trash Chute, Vehicle Wash Area
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Parking 2 Or More Spaces, Guest, No Rv/Boats, No Trucks/Trailers
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Heating Central
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Structure Type Condo 5+ Stories, Condo
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Tax Year 2024
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Construction Concrete Block Construction
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Building Area 746
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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 Garden View, Other View
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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 302
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Inclusions Community Boat Dock, Common Dock
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Half Bathrooms 1
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Flood Zone AE
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Patio / Porch Deck
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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 0
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Lot Size (Sq Ft) 0
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Membership Purchase Required No
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