Home › Condos for Sale › 57 Ocean Condo › Unit 605
5775 Collins Ave, Unit 605
+31 more
$2.9M

57 Ocean Condo Unit 605

5775 Collins Ave, Unit 605 • Miami Beach, FL 33140

at 57 Ocean Condo

Beds
2
Baths
3
Living Area
1,245 SF
Price / SF
$2,289
HOA / Monthly
$3,315
Days on Market
25

About This Unit

57 Ocean, Tropical Modern Living in this unfurnished, 2-bedroom, 2 and a half bath Residence with only 69 Total Residences. Unit 605 boasts breathtaking views. The 520 sq. ft. terrace seamlessly integrates with the living space, offering true indoor-outdoor living. Private Elevator Access: Direct entry to your own private foyer. Spacious layout with stunning views and electric blinds/blackouts for added privacy. Exclusive Amenities: Pool and beach Located on Millionaire's Row, with 220 feet of private beachfront, 57 Ocean offers resort-style living with easy access to Miami's top destinations. Perfect for entertaining or relaxing in the vibrant Miami Beach setting!

Pricing at 57 Ocean Condo — $2,289/sqft
At $2,289/sqft, 57 Ocean Condo Unit 605 is priced at the low end of the building — only 0% of active 2BRs ask less per sqft.
57 Ocean Condo Unit 605 vs Active Listings at 57 Ocean Condo: This condo is -10.9% lower ($279/less per sqft) than the building's active 2BR median of $2,568/sqft, based on 3 active 2BRs.
57 Ocean Condo Unit 605 vs Recent Sold Listings at 57 Ocean Condo: This unit is -4.3% lower ($103/less per sqft) than recent 2BR sales (median $2,392/sqft, based on 2 sales over 9 months).
Rank: This unit's $/sqft is higher than 0% of currently-active 2BR units at 57 Ocean Condo (sample of 3).
Insider Negotiation Strategy: 2BR units at 57 Ocean Condo typically close at 96.2% of asking. At that ratio, this unit could plausibly trade around $2,741,415.
Based on live MIAMIRE active & closed listings at 57 Ocean Condo.
Time on Market — 25 days
57 Ocean Condo Unit 605 is around the building's typical pace.
This unit's 25 days on the market is 0 days longer than the active 2BR median of 25 days (+0.0%).
Inventory position: 33th percentile for 2BRs currently active at this building.
Estimated Monthly Cost
Mortgage (P&I)
$15,476
HOA
$3,315
Property Tax
$2,962
Total / mo
$21,754
Assumes 7.20% rate on 20% down (30-year fixed). Tax effective rate 1.25%. HOA $2.66/sqft · All-in $17.47/sqft / month. Excludes wind / flood / contents insurance — verify your actual rate with a lender.

Schedule your private showing at 57 Ocean Condo.

Walk the unit with someone who knows this building inside out. Get pricing history, negotiation strategy, and the things the listing won't tell you.

That's (305) 337-4259 • Available 7 days a week
Recent Comparable Sales

Active 2BR Comps at 57 Ocean Condo

UnitListSqft$/sqftDOM
#— — 1,245 $2289 25
#— — 1,612 $3697 214
#— — 1,363 $2568 3

Recent Closed 2BR Sales

ClosedUnitSold$/sqftvs List
2025-08-27 #— $3,150,000 $2530 —
2025-12-02 #— $2,650,000 $2253 —
Comps are limited to the same bedroom count. Sold prices reflect what closed buyers actually paid.
What to Verify
Flood Zone: This unit is in flood zone AE. High-risk flood zone (Special Flood Hazard Area). Federal flood insurance required for federally-backed mortgages.
Building Age: Built in 2021 (5 years old).
Verify all of the above with the HOA before closing.
💰 Current Owner's Cost Basis
The current owner bought this unit Dec 2022 for $2,225,000 — held 3 years. They’re now asking $2,850,000 — +28.1% (+$625,000) vs. cost basis.
Source: most recent qualified deed on file with the Miami-Dade Property Appraiser.
Sales History
Date Price Type
Dec 2022 $2,225,000 arm’s-length
Oct 2021 $1,547,800 arm’s-length
Source: Miami-Dade Property Appraiser. This unit owns 0.8053% of the building’s common elements. County living area: 1,176 sqft.
Building: 57 Ocean Condo
Unit: 605
Year Built: 2021
Stories: 19
City: Miami Beach
Postal Code: 33140
HOA Fee: $3,315 / Monthly
View: Bay, Intracoastal View
Waterfront: Yes
Private Pool: No
Heating: Central
Cooling: Central Air
Days on Market: 25
Listed: December 8, 2025
MLS #: A11927321

Location

Tour with Ricky

Schedule your private showing. Get pricing history, negotiation strategy, and the things the listing won't tell you.

Text or Call (305) 33-RICKY
That's (305) 337-4259
Email About This Unit
Listing courtesy of: PGutman, LLC
Information provided by Miami Association of Realtors / SEFMLS • Deemed reliable but not guaranteed • MLS #: A11927321 • Updated Jan 2, 2026
Ricky Garcia Miami Realtor
Your Miami Insider

Ready to Make an Offer?

Ricky Garcia  |  Global Luxury Realty  |  License #3521781

Ricky has closed deals at 57 Ocean Condo. He knows the HOA, the best floors, and which units to avoid. Get a free no-pressure market analysis before you make any offer.

CALL (305) 33-RICKY That's (305) 337-4259
Send a message →    ⊕ Save Ricky's contact