Price cut $30K3D tour
$320,000
5401 Collins Avenue #209, Miami Beach 33140
Est. $3,632/mo with 20% down incl. HOA
Listing courtesy of SunCoast Beach Rlty Inc. · BeachesMLS
$299,0007207 Bay Drive #11, Miami Beach, FL 33141
Listing courtesy of Beachfront Realty Inc · 305-534-4242 · BeachesMLS
Full disclosure: what this home really costs
12 of 12 answered from real sources. Anything not in the listing says so, and one tap asks Zach. Nothing here is guessed. Source: BeachesMLS listing, updated Oct 30, 2026, unless a row says otherwise.
- Price
- $299,000 · $331/sqft
- Property taxes
- $4,241/yr (2025 bill). A new owner's bill is reset from the sale price and is usually higher; Zach can pull the county estimate.
- HOA / condo fee
- $874/moFrom the listing, unconfirmed
- Fee covers
- Sewer, Trash, Water, Common Areas, Reserve Funds, Pool Service
- Special assessments
- Yes – amount not listed, ask Zach
- Mandatory club / membership
- Not required per the MLS
- Insurance (estimate)
- About $2,801/yr (HO-6 condo policy, county average). Get a real quote before you offer.Florida OIR county average with wind, data as of Mar 31 2026
- Flood zone
- Zone AE: high-risk flood area, base flood elevation 8 ft. Lenders require flood insurance here; get a quote.FEMA flood map, checked Oct 30, 2026
- Monthly payment (estimate)
- $3,210/mo: $1,630 loan + $473 tax + $233 insurance + $874 HOA. 20% down, 7.24% rate (Freddie Mac, week of October 29, 2026), 30 years. Change the numberszach.homes calculator (not a loan offer)
- Year built
- 1949 · 2 stories
- Days on market
- About 82 days
- Price history (this listing)
- Listed Aug 11, 2026.
Details
- TypeCondo
- Beds2 bd
- Baths1
- Size903 sqft
- Year built1949
- PoolCommunity
- WaterfrontYes: Canal Front
- ViewPool, Canal
- NeighborhoodISLAND POINT SOUTH CONDO
- ZIP33141
- MLS #A12069042
- To the beachAbout 0.6 mi (straight line to the nearest ocean beach, OpenStreetMap; not a drive time)
Check your commute (opens maps)
From the listing
***CASH-ONLY LISTING — FULL CASH OFFERS ONLY. DUE TO AN EXISTING LIEN RECORDED AGAINST THE CONDOMINIUM ASSOCIATION, FINANCING IS CURRENTLY UNAVAILABLE FOR UNITS IN THE BUILDING. THE SELLER WILL CONSIDER CASH OFFERS ONLY. A $24,549 SPECIAL ASSESSMENT HAS BEEN APPROVED BUT IS NOT YET DUE OR PAID. PROOF OF FUNDS IS REQUIRED PRIOR TO SCHEDULING ANY SHOWING. NO ASSIGNED PARKING; STREET PARKING ONLY. NO BOAT SLIPS. THE PROPERTY IS SOLD FURNISHED, WITH NO MONETARY VALUE ATTRIBUTED TO THE FURNITURE***Beautiful corner unit on the second and top floor in Normandy Isles, Miami Beach. Best location within the building, closest to the canal, with open water views of the Tatum Waterway from the living area and one of the two bedrooms. Only one neighboring unit, offering privacy, abundant natural light, and a true little paradise feeling! The unit is in pristine condition and features central A/C replaced in 2021 with permit, impact windows and doors, beautiful hardwood floors, and an in-unit washer and dryer. Many other upgrades have been made by the owner since they purchased the property in 2021. Boutique waterfront building with lush courtyards, pool, and BBQ area overlooking the canal. Just a 10-minute walk from the beach and close to the waterfront promenade, parks, restaurants, cafés, and shops. Minutes from Normandy Shores Golf Club and close to neighborhood upgrades, including the 72nd Street Community Complex with library and aquatic center, plus new retail such as Target and Publix coming soon. A rare opportunity to own the best-located waterfront corner condo in Miami Beach.
Monthly payment calculator
Rate: 7.24% 30-year fixed average (Freddie Mac, week of October 29, 2026). Your own rate may differ; you can change it here.
Estimate, not a loan offer. Tax default: the higher of the seller's bill and about 1.9% of price (Florida resets a new owner's assessment). Insurance default: Florida OIR county average with wind, data as of Mar 31 2026. Rate is an assumption; your lender sets the real one. Zach doesn't take lender or title referral fees.
Florida risk facts
- Flood zone
- Zone AE: high-risk flood area. A FEMA Special Flood Hazard Area (about a 1% chance of flooding each year). Lenders require flood insurance for federally backed mortgages here. Source: FEMA National Flood Hazard Layer, checked Oct 30, 2026. This is a map lookup, not an official flood zone determination.
- Wind and building code
- Built in 1949, before the statewide Florida Building Code took effect in 2002. Ask for the wind mitigation report; it can lower insurance. My Safe Florida Home offers free inspections and grants when funded.
- Disclosure
- Florida sellers must give you a flood disclosure about known flood damage, insurance claims and federal assistance (§689.302).
We don't show crime scores or rate neighborhoods. Every listing is open to everyone.
Condo health facts
- Building
- Not listed - ask Zach
- Year built
- 1949 (77 years old)
- Stories
- 2
- HOA / condo fee
- $874/mo (from the listing, unconfirmed)
- Fee covers
- Sewer, Trash, Water, Common Areas, Reserve Funds, Pool Service
- Pets
- Yes, Pet Restrictions Possible
- Milestone inspection
- The listing shows 2 stories. Florida's milestone inspection covers condo buildings 3+ stories, so it may not apply here - ask Zach to confirm.
- Reserve study (SIRS)
- Required for condo buildings 3+ stories; with 2 stories listed it may not apply. Ask Zach, or check the state condo database (DBPR).
Facts only, from the listing and state law. We don't grade buildings. How Florida's condo safety laws work.
Start an offer
- Pre-approval letter or proof of funds (cash)
- The price you'd offer and your deposit
- Financing type and closing date
- Inspection period you want (often 10-15 days)
- Condo documents review: Florida gives you a review period after you receive the association documents
- A signed buyer agreement with Zach (Florida practice before touring or offering)
Nothing here is a binding offer. Zach calls you, checks the comps and writes the contract with you.
Ask Zach anything
One tap opens a text with this address filled in.
Zach replies personally within 15 minutes, 8 AM to 9 PM ET, 7 days. Outside those hours, by 9 AM.
From finding it to the keys, one agent
- Find it
Every home for sale and rent from the MLS, with the real monthly cost. Or tell Zach what you want and he looks for you. - Tour it
Same day when the listing side allows, in person or live video. - Afford it
Real Florida costs up front: taxes, HOA, insurance, flood zone, assessments. Buyers: pre-approval with a lender you choose. Renters: your renter résumé and documents in one place. - Make the offer or apply
Zach writes the offer or the application, negotiates, and handles the association approval. - Close or get the keys
Zach tracks every deadline through inspections, condo documents and closing or lease signing, then stays your agent after.
Report a problem with this listing
Wrong price, already sold, wrong photos, or something that looks like a scam copy? This goes straight to Zach, who fixes or escalates it within 2 business days.
Never send a deposit by Zelle, Cash App, wire or crypto, and never before you've seen the home with a licensed agent.
Chat with Zach
Zach typically replies within 15 minutes, 8 AM to 9 PM ET. After hours, by 9 AM.
Your messages go to Zach only. Reply STOP anytime and he won't follow up again.
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All listings featuring the BMLS logo are provided by BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright ©2026 BeachesMLS, Inc. Listing data last updated Oct 31, 2026, 10:34 PM ET. Listing information is deemed reliable but not guaranteed. zach.homes estimates and Zach's notes are shown separately from MLS data and labeled with their source.