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2401 Collins Ave, Unit 1005
+11 more
$640K

The Riviera Unit 1005

2401 Collins Ave, Unit 1005 • Miami Beach, FL 33140

at The Riviera

Beds
1
Baths
2
Living Area
1,121 SF
Price / SF
$571
HOA / Monthly
$1,111
Days on Market
243

About This Unit

Beautifully updated 1 bed/2 bath condo with ocean and downtown views. Spacious living room offers option to convert to a den or second bedroom. Kitchen and bathrooms were remodeled a few years ago. Enjoy a private balcony, bright layout, and move-in condition. Building has completed 40-year recertification, seller will pay all assessments. New elevators installed, with lobby and pool deck renovations starting soon. HOA covers water, trash, sewer, cable, internet and 1 assigned parking space. Extra storage space on 4th floor included. Great opportunity to own in a building with strong improvements and excellent location.

Pricing at The Riviera — $571/sqft
The Riviera Unit 1005 is listed at $571/sqft.
Building-level comparison data is thin for this bedroom count — see Recent Comparable Sales below.
Based on live MIAMIRE active & closed listings at The Riviera.
Time on Market — 243 days
The Riviera Unit 1005 has been on the market for 243 days.
Building-level pace data is thin for this bedroom count.
Price History
Originally listed at $630,000. Increased to $640,000 on Oct 14, 2025 (after 49 days on market) — +1.6% (+$10,000).
Estimated Monthly Cost
Mortgage (P&I)
$3,475
HOA
$1,111
Property Tax
$647
Total / mo
$5,234
Assumes 7.20% rate on 20% down (30-year fixed). Tax effective rate 1.21%. HOA $0.99/sqft · All-in $4.67/sqft / month. Excludes wind / flood / contents insurance — verify your actual rate with a lender.

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What to Verify
Flood Zone: This unit is in flood zone X. Outside the Special Flood Hazard Area — low-to-moderate risk; insurance optional but recommended.
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.
Building: The Riviera
Unit: 1005
Year Built: 1980
Stories: 18
City: Miami Beach
Postal Code: 33140
HOA Fee: $1,111 / Monthly
View: Ocean View, Skyline
Waterfront: Yes
Private Pool: No
Heating: Central
Cooling: Central Air
Days on Market: 243
Listed: August 27, 2025
MLS #: A11874609

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: NB Elite Realty
Information provided by Miami Association of Realtors / SEFMLS • Deemed reliable but not guaranteed • MLS #: A11874609 • Updated Apr 27, 2026 • Photos uploaded 196 days ago — check listing for current condition.