6080 Collins Ave, #520, Miami Beach, FL, 33140 | $409,000

Own a piece on the iconic Collins Avenue in this fully furnished 1-Bedroom at 6080 Collins, a boutique condo-hotel just steps from the beach. Currently in the hotel program, enjoy passive income with up to 15 days of personal use per year. Prefer more control and flexibility? Self-managing could boost returns to 9%+ annually (AIRDNA est. ) and unlock more personal stays. Ideal for snowbirds, jet-setters, or hands-on investors looking to capitalize on Miami Beach’s booming short-term rental market. The unit offers modern finishes and a world-class location surrounded by cafes, shops, and white-sand coastline. With Miami’s hotel rates climbing, this is a rare opportunity to enjoy lifestyle perks and generate income in one of the most desirable destinations in the world at a great price.

Features

  • Heating: Central
  • Cooling: Central Air
  • Levels: 6
  • Amenities: Fitness Center,Pool
  • Bedrooms: 1
  • Baths: 1 full
  • Complex: 6080 COLLINS CONDO
  • Year Built: 2019
  • Common Charge: $1,169 Monthly
  • Approx Sq. Feet: 460
  • Est. Taxes: $5,083
  • View: Other
  • Elem. School: North Beach
  • Middle School: Nautilus
  • High School: Miami Beach
  • Pets Allowed: No
  • Appliances: Dryer,Dishwasher,Microwave,Refrigerator,Washer
  • MLS#: A11791804
  • Days on Market: 6 days
  • Website: https://www.raveis.com
    /prop/A11791804/6080collinsave_miamibeach_fl?source=qrflyer
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Listing courtesy of One International World   Phone: 305-491-3886

William Raveis Family of Services

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Customer Service

888.699.8876

Contact@raveis.com

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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
  • Offers you pre-approval in minutes!
  • Provides a guaranteed closing date that meets your needs
  • Has access to hundreds of loan programs, all at competitive rates
  • Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction

Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance

860.690.5052

Robert.Reade@raveis.com

Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
  • Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
  • Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

6080 Collins Ave, #520, Miami Beach, FL, 33140

$409,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 917.838.7300

Melissa.Cohn@raveis.com

NMLS Mortgage Loan Originator ID 16953

5/6 (30 Yr)
Adjustable Rate Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $327,200 $327,200 $327,200
Term 360 months 360 months 180 months
Initial Interest Rate** 6.500% 6.875% 5.875%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.058% 7.063% 6.132%
Monthly Tax Payment $424 $424 $424
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $2,068 $2,149 $2,739
Total Monthly Payment $2,567 $2,648 $3,238

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.  The Total Monthly Payment does not include the estimated HOA/Common Charge payment.