HomeCondos for SaleIslander CondoUnit 608
1255 Collins Ave, Unit 608
+18 more
$320K

Islander Condo Unit 608

1255 Collins Ave, Unit 608 • Miami Beach, FL 33139

at Islander Condo

Beds
1
Baths
1
Living Area
556 SF
Price / SF
$576
HOA / Monthly
$657
Days on Market
126

About This Unit

Live the South Beach lifestyle just steps from the ocean. This updated and fully furnished corner unit offers bright natural light, modern finishes, and effortless coastal living in one of Miami Beach’s most desirable locations. Situated in a well-maintained building, residents enjoy exceptional amenities including a rooftop pool with 360° panoramic views of the Atlantic Ocean and Miami skyline, a fully equipped fitness center, and convenient on-site laundry rooms. The unit includes one assigned corner parking space that is visible directly from the units balcony, a rare perk in South Beach, making it perfect as a primary residence, vacation retreat, or high-demand investment property. Don’t miss your chance to own a turn-key condo in the heart of South Beach just moments from world-class dining, shopping, and the beach

Pricing at Islander Condo — $576/sqft
Islander Condo Unit 608 is listed at $576/sqft.
Islander Condo Unit 608 vs Active Listings at Islander Condo: This condo is +1.9% higher (+$11/more 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 — 126 days
Islander Condo Unit 608 has been on the market for 126 days.
This unit's 126 days on the market is 42 days longer than the active 1BR median of 84 days (+50.0%).
Price History
Originally listed at $349,999. Reduced to $319,999 on Mar 27, 2026 (after 126 days on market) — -8.6% (−$30,000).
Estimated Monthly Cost
Mortgage (P&I)
$1,738
HOA
$657
Property Tax
$416
Total / mo
$2,811
Assumes 7.20% rate on 20% down (30-year fixed). Tax effective rate 1.56%. HOA $1.18/sqft · All-in $5.06/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 Nov 2023 for $327,000 — held 2 years. They’re now asking $319,999−2.1% (−$7,001) vs. cost basis.
Source: most recent qualified deed on file with the Miami-Dade Property Appraiser.
Sales History
Date Price Type
Nov 2023 $327,000 arm’s-length
Nov 2022 $314,000 arm’s-length
May 2011 $165,000 arm’s-length
Apr 1993 $60,000 arm’s-length
Jan 1981 $43,000 arm’s-length
May 1978 $25,000 arm’s-length
Source: Miami-Dade Property Appraiser. This unit owns 1.56% of the building’s common elements. County living area: 556 sqft.
Building: Islander Condo
Unit: 608
Year Built: 1965
Stories: 10
City: Miami Beach
Postal Code: 33139
HOA Fee: $657 / Monthly
View: Garden View
Waterfront: No
Private Pool: No
Heating: Window/Wall
Cooling: Wall/Window Unit(s)
Days on Market: 126
Listed: November 21, 2025
MLS #: A11918488

Location

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Listing courtesy of: London Foster Realty
Information provided by Miami Association of Realtors / SEFMLS • Deemed reliable but not guaranteed • MLS #: A11918488 • Updated Mar 27, 2026
Ricky Garcia Miami Realtor
Your Miami Insider

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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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