HomeCondos for SaleRegency TowersUnit 4D
5838 Collins Ave, Unit 4D
+13 more
$320K

Regency Towers Unit 4D

5838 Collins Ave, Unit 4D • Miami Beach, FL 33140

at Regency Towers

Beds
1
Baths
2
Living Area
855 SF
Price / SF
$374
HOA / Monthly
$917
Days on Market
368

About This Unit

Don't Miss This Opportunity! Own a spacious 1-bedroom, 1.5 baths, in the heart of Miami Beach at Regency Tower—where relax meets convenience! With 24-hour concierge, pool, and direct beach access just steps away, this is your chance to live the ultimate coastal lifestyle. Plus, the unit offers incredible remodeling potential to create your dream beachside retreat. Opportunities like this go fast—schedule your showing today before it's gone!

Pricing at Regency Towers — $374/sqft
At $374/sqft, Regency Towers Unit 4D is priced below the building's typical 1BR — worth a closer look.
Regency Towers Unit 4D vs Active Listings at Regency Towers: This condo is -8.9% lower ($37/less per sqft) than the building's active 1BR median of $411/sqft, based on 5 active 1BRs.
Rank: This unit's $/sqft is higher than 20% of currently-active 1BR units at Regency Towers (sample of 5).
Based on live MIAMIRE active & closed listings at Regency Towers.
Time on Market — 368 days
Regency Towers Unit 4D has been on the market longer than 100% of comparable active 1BRs — strong signal the seller will negotiate.
This unit's 368 days on the market is 32 days longer than the active 1BR median of 336 days (+9.5%).
Inventory position: 100th percentile for 1BRs currently active at this building.
Price History
Originally listed at $330,000. Reduced to $320,000 on May 21, 2025 (after 55 days on market) — -3.0% (−$10,000).
Estimated Monthly Cost
Mortgage (P&I)
$1,738
HOA
$917
Property Tax
$435
Total / mo
$3,090
Assumes 7.20% rate on 20% down (30-year fixed). Tax effective rate 1.63%. HOA $1.07/sqft · All-in $3.61/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 Regency Towers

UnitListSqft$/sqftDOM
#— 840 $523 148
#— 840 $411 350
#— 855 $374 368
#— 840 $427 26
#— 815 $367 336

Recent Closed 1BR Sales

ClosedUnitSold$/sqftvs List
2026-03-31 #— $270,000 $331
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 1970 (56 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 Apr 2001 for $98,000 — held 25 years. They’re now asking $320,000+226.5% (+$222,000) vs. cost basis.
Source: most recent qualified deed on file with the Miami-Dade Property Appraiser.
Sales History
Date Price Type
Apr 2001 $98,000 arm’s-length
Aug 1989 $65,000 arm’s-length
May 1985 $59,000 arm’s-length
Nov 1982 $57,000 Other disqualified
Sep 1979 $57,000 arm’s-length
Source: Miami-Dade Property Appraiser. County living area: 855 sqft.
Building: Regency Towers
Unit: 4D
Year Built: 1970
Stories: 15
City: Miami Beach
Postal Code: 33140
HOA Fee: $917 / Monthly
View: Bay, Other View
Waterfront: Yes
Private Pool: No
Heating: Electric
Cooling: Electric
Days on Market: 368
Listed: March 28, 2025
MLS #: A11772399

Location

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That's (305) 337-4259
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 #: A11772399 • Updated Apr 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 Regency Towers. 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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