Condo / High-rise home in Miami Beach, FL
A Condo condo in Miami Beach, FL, it offers 2 bedrooms and 2 bathrooms across 824 square feet. The Condo styling carries through the home's design.
| Price | $549,000 |
|---|
| Beds | 2 |
|---|
| Baths | 2 |
|---|
| Sqft | 824 |
|---|
| Architectural style | Condo / High-rise (87% match) |
|---|
| Address | 5701 Collins Unit 1707, Miami Beach, FL 33140 |
|---|
Why buy this home
- Confirmed Condo / High-rise architecture, matched from the listing photos by Enzo's vision model.
- Links directly to the original source listing on Estately.
Is this a good buy?
Priced a little under the area.
- At $549K, this home is 5% below the $575K median for 8320 similar Condo / High-rise homes in Miami, FL.
- That works out to $666 per square foot, 22% above the $546 comparable rate.
- New to market (4 days), so expect competition.
| This home | $549,000 |
|---|
| Condo / High-rise median in Miami, FL | $575,000 (8320 homes) |
|---|
| Price per sq ft | $666 vs. $546 comps median |
|---|
Enzo's reads public listing data and links to the original source. Confirm condition, HOA, taxes and fees there. This is a signal, not advice.
What it costs to own
Estimated at $3,627/month with 20% down at a 7.28% 30-year fixed rate. You would need about $155,454 in gross annual income to keep housing within a 28% ratio.
| Mortgage (P&I) | $3,005/mo |
|---|
| Property tax (new-buyer reassessed rate) | $416/mo |
|---|
| Homeowners insurance | $206/mo |
|---|
| Total monthly | $3,627/mo |
|---|
| Down payment (20%) | $109,800 |
|---|
| Income needed | $155,454/yr |
|---|
A signal to compare homes, not financial advice or a loan offer.
Financial outlook (modeled)
Enzo's grades this home C (58 out of 100) over a 5-year hold, from a Monte-Carlo of local home-price dynamics and the interest-rate path versus renting.
| Grade | C (58/100) |
|---|
| Beats renting in | 11% of modeled paths |
|---|
| Modeled 5-yr equity (median) | $239,317 |
|---|
| Range (10th to 90th pct) | $137,911 to $363,676 |
|---|
A probabilistic model built on public data (Zillow ZHVI, FRED rates), not a guarantee or financial advice. Local price dynamics are pooled toward Miami, FL where local data is thin.
Local home values
Typical home values in Miami, FL have risen about 30% over the past 5 years (0% in the last year), per the Zillow Home Value Index. This reflects the metro market, not this specific home.
View this home on Estately