For saleDock reportedVirtual tour
$450,000
1 bed930 sq ft
Ocean or gulfShared waterfront site
5600 Collins Ave #5AMiami Beach, FL 33140
Condo · MLS 12013362
Listing courtesy of Compass Florida, LLC · MyStateMLS
For saleReduced $15,000 from $485,000Virtual tour
$470,000
538 sq ft
401 Ocean Dr #1007Miami Beach, FL 33139
Homes, condos and townhomes · MLS 11662421 · Listed 250 days ago (Feb 24, 2026)
Ocean or gulf · Shared waterfront site · Waterfront details
For sale: Listed and available according to the MyStateMLS feed.
About this property
Direct ocean view living in the highly sought-after South of Fifth neighborhood. The only direct ocean view unit currently available in the building, this spacious 538 SF deluxe studio offers stunning sunrise & Atlantic scenery from your private balcony in a true oceanfront building - the ultimate pied-à-terre or year-round dream home. Meticulously renovated with over $100,000 in high-end upgrades, the sleek designer kitchen features striking black quartz countertops, crisp contemporary white cabinetry, and stainless steel appliances. Calacatta porcelain flooring flows throughout the residence, creating a clean, modern feel. The spa-inspired bathroom is finished in matching Calacatta porcelain on the floors and walls, complemented by a contemporary wood-tone vanity, LED mirror, glass-enclosed shower, and modern fixtures. New impact windows frame breathtaking ocean views, and an abundance of closet space enhances comfort. Located in a modernized, secure, gated oceanfront building, with completed 40-year recertification and all special assessments paid. Residents enjoy a brand-new pool deck, heated pool, direct beach and boardwalk access, complimentary beach service with chairs and umbrella, cable and internet included, and a brand new gym coming soon. All of this in the prestigious South of Fifth - and all for well under $500K. You deserve this lifestyle.
Description provided by the listing brokerage.
MLS-reported waterfront
Waterfront details
The home is part of a condominium, cooperative or community whose shared site is reported as waterfront. Shoreline and docks are typically common or community property, not owned by the individual unit.
- Relationship to the water
- Shared waterfront site
- Water type
- Ocean or gulf
- Water body
- Not provided. Ask the listing agent.
- Frontage length
- Not provided. Ask the listing agent.
- Water access arrangement
- Not provided. Ask the listing agent.
- Docks, slips, lifts, moorings
- Not provided. Ask the listing agent.
- Dock depth
- Not provided. Ask the listing agent.
- Shoreline
- Not provided. Ask the listing agent.
- Seasonal or tidal conditions
- Not provided. Ask the listing agent.
- Boating limits (bridges, depth, open-water access)
- Not provided. Ask the listing agent.
Why this is listed as waterfront
WaterfrontYN“Yes”: The listing is marked waterfront.WaterfrontFeatures“Ocean Front”: Includes a "… Front" value describing frontage.PropertyTypeDetail“condo”: A unit on a shared (condominium-style) site.
Classified from fields in the MyStateMLS listing data. It has not been independently verified, and it is not a survey, title examination or legal determination of shoreline or access rights. Rules version 2026-10-29.1. How we classify waterfront
Something wrong with this classification? Report a waterfront classification issue. Questions about frontage, docks or access are best answered by Compass Florida, LLC.
Facts
- List price
- $470,000
- Original list price
- $485,000
- Status
- For sale
- Property type
- Condo
- Full baths
- 1
- Interior area
- 538 sq ft
- Year built
- 1970
- County
- Miami-Dade County
- MLS number
- 11662421
- Annual property tax (2025)
- $6,822
Facts are reported by the listing brokerage. Items not listed were not provided; that does not mean the property lacks them.
Features
Appliances
- Range
- Microwave
- Water Heater
- Refrigerator
- Dishwasher
Flooring
- Tile
Heating
- Hot Water
Virtual tours
Location
The pin is the listing's reported coordinates and may be approximate. It is not a parcel boundary or shoreline, and no flood, wetland or hazard conclusion should be drawn from it. See more listings in Miami Beach.
Price and status history
- Original list price reported by the brokerage: $485,000
Changes observed by Waterfront Homes in MyStateMLS data since Oct 29, 2026. This is not a public-record sales history; MyStateMLS does not publish sold prices.
Estimate a monthly payment
$94,000
Illustrative. Replace with a quote from your lender.
From the listing (tax year 2025). Taxes can change after a sale.
Get a quote; rates vary widely by location.
Manufactured homes on a leased lot.
Applied only while the loan is over 80% of the price. Illustrative.
Estimated monthly payment
$3,083 per month
Principal and interest$2,377
Property tax$569
Homeowners insurance$138
Loan amount$376,000
Total interest over the term$479,567
An estimate for comparison only, not a loan offer or approval. Actual rates, taxes, insurance, PMI and fees depend on your lender, credit, location and loan program.
Similar waterfront listings nearby
Waterfront listings of the same property type and water type in Miami Beach, priced within 25% of this listing ($352,500 to $587,500), newest first. Each one passes the same waterfront rules. See all matches
For saleDock reportedVirtual tour
$495,000
1 bed1,019 sq ft
Ocean or gulfShared waterfront site
1200 West Ave #907Miami Beach, FL 33139
Condo · MLS 11999004
Listing courtesy of Compass Florida, LLC · MyStateMLS
For saleDock reportedVirtual tour
$399,000
1 bed922 sq ft
Ocean or gulfShared waterfront site
5001 Collins Ave #5EMiami Beach, FL 33140
Condo · MLS 11971673
Listing courtesy of Compass Florida, LLC · MyStateMLS
For saleDock reportedVirtual tour
$360,000
2 beds689 sq ft
Ocean or gulf · CanalShared waterfront site
8335 E Crespi Blvd #4Miami Beach, FL 33141
Condo · MLS 11918666
Listing courtesy of Florida Realty of Miami Corp · MyStateMLS
For saleDock reportedVirtual tour
$475,000
1 bed930 sq ft
Ocean or gulfShared waterfront site
5600 Collins Ave #5AMiami Beach, FL 33140
Condo · MLS 11910586
Listing courtesy of Compass Florida, LLC · MyStateMLS
For saleReduced $25,000Virtual tour
$550,000
1 bed812 sq ft
Ocean or gulfShared waterfront site
6917 Collins Ave #404Miami Beach, FL 33141
Condo · MLS 11866432
Listing courtesy of Compass Florida, LLC · MyStateMLS
Questions to ask before you buy
Questions worth investigating for any waterfront property. They are not claims that this property has a problem or meets any condition.
- Who owns the shoreline and the land under the water, and are there easements or public-access rights along it?Ownership can stop at a high-water line, a survey line or a seawall. A title search and survey answer this, not the listing.
- Is a dock, slip, lift or mooring included, and do the rights transfer to you?Docks can be shared, leased, assigned by an association or held under a permit that does not automatically transfer.
- What permits exist for the dock, seawall or other shoreline structures, and what would new work require?Shoreline work is often regulated by local, state and federal agencies.
- How much does the water level change by season, by tide or by reservoir management?Depth at a dock in one season can differ a lot in another.
- What does flood insurance cost for this property, and what does the current flood map show?Get a quote from an insurer or agent. A flood zone is not a premium, and no zone does not mean no risk.
- What maintenance does the shoreline need (seawall, bulkhead, riprap, erosion), and what has been done recently?Shoreline structures are expensive to repair; ask for records and inspection reports.
- How are water, sewer or septic, and power provided?Waterfront septic systems and wells can have extra rules and inspections.
- How do you reach the property by road year-round, and who maintains that road?Some waterfront roads are private, seasonal or shared.
- What local rules apply: rentals, docks, boat lifts, fences, tree removal, setbacks?Rules come from the town, county, state, lake authority or association and vary widely.
Printable due-diligence checklist · Ownership budget planner · FEMA Flood Map Service Center (official flood maps; look up the address yourself)
Guides and next steps
Listing courtesy of Compass Florida, LLC. Listings provided by MyStateMLS.
Listing last updated by the brokerage Sep 18, 2026, 12:50 PM UTC. Waterfront Homes last received MyStateMLS data Nov 1, 2026, 8:00 AM UTC. Information is deemed reliable but not guaranteed; verify all details with the listing agent.