2924 Collins Avenue 501, Miami Beach, FL 33140

$409,000

Virtual Tour

https://www.propertypanorama.com/instaview/mia/A11956598

Property Type: Residential Bedrooms: 2 Baths: 2 Square Footage: 982 Status: Active

Current Price: $409,000 List Date: 2/01/2026 Last Modified: 9/07/2026

Overview

Description

Income opportunity through rental with seller financing available: Discover a prime investment in the heart of Miami Beach with this renovated 1,300-square-foot condominium at Ocean View Plaza. This 2-bedroom, 2-bathroom residence offers stunning views from a rare double balcony. The split floor plan is enhanced with modern LED lighting and ceramic floors, along with a new central air conditioning system that ensures year-round comfort. The luxurious master suite includes a walk-in closet, and both bathrooms feature shower/tub combinations for relaxation. Enjoy direct beach access and strolls along the iconic Miami Beach Boardwalk, while the private garage parking adds convenience. Located in a secured building with pest control included, and just moments from the vibrant South Beach lifestyle, this property offers an exceptional opportunity for both investors and homeowners alike.

Listing Details MLS# A11956598

General Property Information

Number Of Units In Community: 25
Total Units In Building: 25
Unit Floor #: 5
Property Sub Type: Condominium
Bedrooms Total: 2
Bathrooms Total: 2
Bathrooms Full: 2
Building Area Main: 982
Living Area Main: 982
Adjusted Area Main: 982
Accessibility Features YN: Yes
Year Built: 1980
Garage YN: Yes
Attached Garage YN: Yes
Garage Spaces: Yes
Covered Spaces: Yes
Senior Community YN: No
Outdoor Living Spaces YN: Yes
Stories Total: 5
Stories: Yes
Direction Faces: East
Furnished: Unfurnished
LP/Assessed Value: 1.1

Property Features

Accessibility Features: Accessible Approach with Ramp; Accessible Doors; Accessible Elevator Installed; Accessible Hallway(s) Application Information: 1-2 Weeks Approval; Association Approval Required; Rapid Approval Association Amenities: Maintenance Association Fee Includes: Common Areas; Elevator; Insurance; Maintenance Grounds; Maintenance Structure; Pest Control; Security; Sewer; Trash; Water Dining Area: Breakfast Area; Eat-In Kitchen; Family/Dining Combination Electric: Circuit Breakers Exterior Features: Lighting Flooring: Ceramic Tile Leasing Permitted Details: Okay To Lease; Okay To Lease During First Year Parking Features: Assigned; Covered; Attached; Attached Garage; Garage Property Condition: Resale Appliances: Dryer; Electric Range; Ice Maker; Microwave; Oven; Refrigerator; Washer Construction Materials: Block Cooling: Central Air Association Type: Condominium Green Energy Efficient: Construction; Exposure/Shade; HVAC; Lighting; Thermostat; Water Heater Heating: Central Interior Features: Built-in Features; Closet Cabinetry; Custom Mirrors; Elevator; Entrance Foyer; Pantry; Walk-In Closet(s) Listing Terms: Cash Main Living Area: Entry Level Pets Allowed YN: No Pets Allowed: Pet Restrictions Possible Possession: Close Of Escrow Restrictions: Parking - No RV; Parking - No Trailer; Parking - No Truck; See Remarks Road Frontage Type: East of US-1 Security Features: Closed Circuit Camera(s); Entry - Phone/Intercom; Security Fence; Smoke Detector(s) Special Information: Sold As-Is Tax Information: Tax Reflects No Exemptions Unit Description: Corner/End Unit; High Rise Utilities: Cable Available View: Other; Skyline Window Features: Sliding Showing Requirements: 24 Hour Notice; Call Listing Agent; Showing Service Outdoor Living Spaces: Balcony; Patio; Porch Balcony Details: Balcony - Open Porch Details: Porch - Open; Porch - Wrap Around

Contract Information

Comp Sale YN: No
Original List Price: 425000
Occupant Type: Tenant

Location and Legal

Country: United States
County Or Parish: Miami-Dade
County Parish Name: Miami-Dade
Street Number: 2924
Street Name: Collins
Street Suffix: Avenue
Unit Number: 501
City Name: Miami Beach
Municipal Code: 2
State Or Province: FL
Postal Code: 33140
Postal Code +4: 4122
Postal Zip: 33140
Subdivision Name: Ocean View Plaza
Development Name: Ocean View Plaza
Area: 2320
Elementary School: North Beach
Middle Or Junior School: Miami Beach Nautilus
High School: Miami Beach
Special Assessment YN: Yes
Parcel Number: 0232260120040
Subdivision Number: 12
Flood Zone: AE
Directions: From I-95, take I-195 East to Collins Avenue. Turn right onto Indian Creek Drive, then left onto 28th Street, and left again onto Collins Avenue. 2924 Collins Avenue will be on your left.
Multiple Offers Accepted: No

Financial Information

Association YN: Yes
Association Fee: 703
Association Fee Frequency: Monthly
Application Required YN: Yes
Estimated Monthly Assoc Recurring Fee: 703
Membership Fee Required YN: No
Tax Annual Amount: 6420
Tax Year: 2025
Tax Assessed/SOH Value: 371782
Tax Legal Description: OCEAN VIEW PLAZA CONDO UNIT 501 UNDIV 4.589% INT IN COMMON ELEMENTS OFF REC 10665-915 OR 16314-2763 0494 1 COC 23018-4062 12 2004 4
Assessor Market Value: 371782

Status Change Information

Major Change Timestamp: 2026-07-06T19:26:05Z
Major Change Type: Price Reduced
Price Change Timestamp: 2026-07-06T19:26:05Z
Status Change Date: 2026-02-03

More Information

Application Fee Details

Application Fee Required: Yes
Application Fee: 150

Entry Information

Entry Level: Yes

Leasing Permitted Details

Leasing Permitted YN: Yes

Parking Information

Open Parking Spaces: Yes
Parking Space Number: 24

Leasing Restrictions

Leasing - Max Times Per Year: Yes
Leasing - Minimum Number of Days: 365

Price Calculations

Current Price To SqFt: 416.49

Section Details

Parcel Number MLX: 0040

Originating Details

Originating System Key: 426190272
Originating System ID: M00000151

Listing Office: 360 Realty, LLC.

Last Updated: September - 07 - 2026

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2924 Collins Avenue 501, Miami Beach, FL 33140 (MLS# A11956598)