HomeCondos for SaleIslander CondoUnit 604
1255 Collins Ave, Unit 604
+23 more
$315K

Islander Condo Unit 604

1255 Collins Ave, Unit 604 • Miami Beach, FL 33139

at Islander Condo

Beds
1
Baths
1
Living Area
568 SF
Price / SF
$555
HOA / Monthly
$600
Days on Market
42

About This Unit

1/1 Condo renovated and Perfect Location! 1 block from the beach, with a rooftop pool surrounded by panoramic beach and city view. The building is one of a kind in this area as its gated and with secure deeded parking. Unit is currently rented. Laundry is on the same floor as the unit. Tile floors, large walk in closet, bike storage, modern gym overlooking Collins avenue and all located in the epicenter of South Beach. The building has a special culture where most of the building residents stay for 5+years. Impact windows. Wall unit A/C.

Pricing at Islander Condo — $555/sqft
Islander Condo Unit 604 is listed at $555/sqft.
Islander Condo Unit 604 vs Active Listings at Islander Condo: This condo is -1.8% lower ($10/less per sqft) than the building's active 1BR median of $565/sqft, based on 2 active 1BRs.
Based on live MIAMIRE active & closed listings at Islander Condo.
Time on Market — 42 days
Islander Condo Unit 604 has been on the market for 42 days.
This unit's 42 days on the market is 42 days shorter than the active 1BR median of 84 days (-50.0%).
Estimated Monthly Cost
Mortgage (P&I)
$1,711
HOA
$600
Property Tax
$393
Total / mo
$2,704
Assumes 7.20% rate on 20% down (30-year fixed). Tax effective rate 1.50%. HOA $1.06/sqft · All-in $4.76/sqft / month. Excludes wind / flood / contents insurance — verify your actual rate with a lender.

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Recent Comparable Sales

Active 1BR Comps at Islander Condo

UnitListSqft$/sqftDOM
#— 556 $576 126
#— 568 $555 42

Recent Closed 1BR Sales

ClosedUnitSold$/sqftvs List
2025-10-30 #— $274,000 $485
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 1965 (61 years old) — past Florida's 40-year recertification trigger; verify milestone status.
Verify all of the above with the HOA before closing.
💰 Current Owner's Cost Basis
The current owner bought this unit Sep 2023 for $300,000 — held 3 years. They’re now asking $315,000+5.0% (+$15,000) vs. cost basis.
Source: most recent qualified deed on file with the Miami-Dade Property Appraiser.
Sales History
Date Price Type
Sep 2023 $300,000 arm’s-length
Apr 2012 $115,000 arm’s-length
Aug 2005 $175,000 arm’s-length
Mar 1987 $35,000 arm’s-length
Apr 1978 $25,300 arm’s-length
Source: Miami-Dade Property Appraiser. This unit owns 1.56% of the building’s common elements. County living area: 568 sqft.
Building: Islander Condo
Unit: 604
Year Built: 1965
Stories: 10
City: Miami Beach
Postal Code: 33139
HOA Fee: $600 / Monthly
View: Other View
Waterfront: No
Private Pool: No
Heating: Central
Cooling: Central Air
Days on Market: 42
Listed: February 18, 2026
MLS #: A11968026

Location

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Email About This Unit
Listing courtesy of: Coldwell Banker Realty   ·  michaelj.suarez@cbrealty.com
Information provided by Miami Association of Realtors / SEFMLS • Deemed reliable but not guaranteed • MLS #: A11968026 • Updated Apr 2, 2026
Ricky Garcia Miami Realtor
Your Miami Insider

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Ricky Garcia  |  Global Luxury Realty  |  License #3521781

Ricky has closed deals at Islander 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.

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