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2924 Collins Avenue 501, Miami Beach, FL 33140

$409,000

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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: 8/26/2026

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
Okay To Lease: Yes
Okay To Lease During First Year: 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

Office/Member Information

DXORIGMLSID: SEF

Accessibility Features

Accessible Approach with Ramp: Yes
Accessible Doors: Yes
Accessible Elevator Installed: Yes
Accessible Hallway(s): Yes

Application Information

1-2 Weeks Approval: Yes
Association Approval Required: Yes
Rapid Approval: Yes

Amenities

Elevator(s): Yes
Laundry: Yes
Parking: Yes
Trash Chute: Yes

Association Amenities

Maintenance: Yes

Association Fee Includes

Common Areas: Yes
Elevator: Yes
Insurance: Yes
Maintenance Grounds: Yes
Maintenance Structure: Yes
Pest Control: Yes
Security: Yes
Sewer: Yes
Trash: Yes
Water: Yes

Dining Area

Breakfast Area: Yes
Eat-In Kitchen: Yes
Family/Dining Combination: Yes

Electric

Circuit Breakers: Yes

Exterior Features

Lighting: Yes

Flooring

Ceramic Tile: Yes

Parking Features

Assigned: Yes
Covered: Yes
Attached: Yes
Attached Garage: Yes
Garage: Yes

Property Condition

Resale: Yes

Possession

Close Of Escrow: Yes

Special Information

Sold As-Is: Yes

Utilities

Cable Available: Yes

View

Other: Yes
Skyline: Yes

Heating

Central: Yes

Unit Description

Corner/End Unit: Yes
High Rise: Yes

Window Features

Sliding: Yes

Appliances

Dryer: Yes
Electric Range: Yes
Ice Maker: Yes
Microwave: Yes
Oven: Yes
Refrigerator: Yes
Washer: Yes

Construction Materials

Block: Yes

Green Energy Efficient

Construction: Yes
Exposure/Shade: Yes
HVAC: Yes
Lighting: Yes
Thermostat: Yes
Water Heater: Yes

Interior Features

Built-in Features: Yes
Closet Cabinetry: Yes
Custom Mirrors: Yes
Elevator: Yes
Entrance Foyer: Yes
Pantry: Yes
Walk-In Closet(s): Yes

Listing Terms

Cash: Yes

Road Frontage Type

East of US-1: Yes

Security Features

Closed Circuit Camera(s): Yes
Entry - Phone/Intercom: Yes
Security Fence: Yes
Smoke Detector(s): Yes

Cooling

Central Air: Yes

Association Type

Condominium: Yes

Showing Requirements

24 Hour Notice: Yes
Call Listing Agent: Yes
Showing Service: Yes

Main Living Area

Entry Level: Yes

Master Bedroom/Bath

Bedroom On Entry Level: Yes
Combo Tub/Shower: Yes
Separate Tub: Yes

Pets Allowed YN

No: Yes

Pets Allowed

Pet Restrictions Possible: Yes

Restrictions

Parking - No RV: Yes
Parking - No Trailer: Yes
Parking - No Truck: Yes
See Remarks: Yes

Tax Information

Tax Reflects No Exemptions: Yes

Outdoor Living Spaces

Balcony: Yes
Patio: Yes
Porch: Yes

Balcony Details

Balcony - Open: Yes

Porch Details

Porch - Open: Yes
Porch - Wrap Around: Yes

Listing Office: 360 Realty, LLC.

Last Updated: August - 26 - 2026

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