Home › Condos for Sale › Ocean View Plaza › Unit 501
2924 Collins Avenue, Unit 501
+46 more
$425K

Ocean View Plaza Unit 501

2924 Collins Avenue, Unit 501 • Miami Beach, FL 33140

at Ocean View Plaza

Beds
2
Baths
2
Living Area
982 SF
Price / SF
$433
HOA / Monthly
$703
Days on Market
59

About This Unit

Income opportunity through rental with seller financing available: Discover a prime investment in the heart of Miami Beach with this renovated 1,300-square-foot condominium at Ocean View Plaza. This 2-bedroom, 2-bathroom residence offers stunning views from a rare double balcony. The split floor plan is enhanced with modern LED lighting and ceramic floors, along with a new central air conditioning system that ensures year-round comfort. The luxurious master suite includes a walk-in closet, and both bathrooms feature shower/tub combinations for relaxation. Enjoy direct beach access and strolls along the iconic Miami Beach Boardwalk, while the private garage parking adds convenience. Located in a secured building with pest control included, and just moments from the vibrant South Beach lifestyle, this property offers an exceptional opportunity for both investors and homeowners alike.

Pricing at Ocean View Plaza — $433/sqft
Ocean View Plaza Unit 501 is listed at $433/sqft.
Building-level comparison data is thin for this bedroom count — see Recent Comparable Sales below.
Based on live MIAMIRE active & closed listings at Ocean View Plaza.
Time on Market — 59 days
Ocean View Plaza Unit 501 has been on the market for 59 days.
Building-level pace data is thin for this bedroom count.
Price History
Originally listed at $425,000. Reduced to $424,900 on Apr 1, 2026 (after 59 days on market) — -0.0% (−$100).
Estimated Monthly Cost
Mortgage (P&I)
$2,307
HOA
$703
Property Tax
$535
Total / mo
$3,545
Assumes 7.20% rate on 20% down (30-year fixed). Tax effective rate 1.51%. HOA $0.72/sqft · All-in $3.61/sqft / month. Excludes wind / flood / contents insurance — verify your actual rate with a lender.

Schedule your private showing at Ocean View Plaza.

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
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 1980 (46 years old) — past Florida's 40-year recertification trigger; verify milestone status.
Verify all of the above with the HOA before closing.
Unit: 501
Year Built: 1980
Stories: 5
City: Miami Beach
Postal Code: 33140
HOA Fee: $703 / Monthly
View: Other View, Skyline
Waterfront: No
Private Pool: No
Heating: Central
Cooling: Central Air
Days on Market: 59
Listed: February 1, 2026
MLS #: A11956598

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
Ricky Garcia
Ricky Garcia
Ricky J. Garcia LLC
Licensed with Global Luxury Realty
Listing courtesy of: 360 Realty, LLC.
Information provided by Miami Association of Realtors / SEFMLS • Deemed reliable but not guaranteed • MLS #: A11956598 • Updated Apr 1, 2026 • Photos uploaded 83 days ago.