+14 more
$279K
Triton Tower Condominium Unit 1040
2899 Collins Ave, Unit 1040 • Miami Beach, FL 33140
About This Unit
Large studio with great city views. Maintenance includes fiber optical internet, cable , 24/7 security, Lobby attendant , a gym, two pools (one is heated) The unit features brand new hurricane proof windows, Triton Tower is located on the beach and boardwalk surrounded by five star resorts, luxury condos, The Faena district, and a list of high end restaurants; the best of Miami Beach is at your fingertips. Minutes to major highways and Downtown Miami walking distance to Ocean drive and Lincoln Rd. Parking is not assigned and can be rented to owners for a minor yearly fee.
Pricing at Triton Tower Condominium — $493/sqft
At $493/sqft, Triton Tower Condominium Unit 1040 is priced at the low end of the building — only 0% of active s ask less per sqft.
Rank: This unit's $/sqft is higher than 0% of currently-active units at Triton Tower Condominium (sample of 4).
Insider Negotiation Strategy: units at Triton Tower Condominium typically close at 94.3% of asking. At that ratio, this unit could plausibly trade around $263,069.
Based on live MIAMIRE active & closed listings at Triton Tower Condominium.
Time on Market — 11 days
Triton Tower Condominium Unit 1040 is around the building's typical pace.
Inventory position: 50th percentile for s currently active at this building.
Price History
Originally listed at $280,000. Reduced to $279,000 on May 4, 2026 (after 12 days on market) — -0.4% (−$1,000).
Estimated Monthly Cost
Mortgage (P&I)
$1,515
HOA
$0
Property Tax
$317
Total / mo
$1,832
Assumes 7.20% rate on 20% down (30-year fixed).
Tax effective rate 1.36%.
HOA $null/sqft · All-in $3.24/sqft / month.
Excludes wind / flood / contents insurance — verify your actual rate with a lender.
Schedule your private showing at Triton Tower Condominium.
Walk the unit with someone who knows this building inside out. Get pricing history, negotiation strategy, and the things the listing won't tell you.
That's (305) 337-4259 • Available 7 days a week
Recent Comparable Sales
Active 0BR Comps at Triton Tower Condominium
UnitListSqft$/sqftDOM
#740
$307,500
566
$543
42
#6
$111,000
112
$991
0
#810
$293,000
566
$518
0
#1040
$279,000
566
$493
11
Recent Closed 0BR Sales
ClosedUnitSold$/sqftvs List
2025-08-18
#533
$310,000
$548
88.8%
2025-09-08
#1504
$275,000
$486
94.2%
2025-12-12
#1715
$360,000
$600
98.4%
2025-12-11
#1516
$322,500
$538
95.1%
2026-01-06
#1634
$330,000
$583
94.3%
Comps are limited to the same bedroom count. Sold prices reflect what closed buyers actually paid.
Insider Notes from Ricky
- Triton Tower Condominium is a 18-story mid-rise at 2899 Collins Ave, Miami Beach, FL 33140, built 1966. Currently 11 active listings on the market, with active asking prices ranging up to $550K.
- Neighborhood: Miami Beach. Miami Beach is three distinct neighborhoods: South Beach (Ocean Drive, Lincoln Road, Art Deco, walking-everywhere), Mid-Beach (Faena, Edition -- quieter money), and North Beach (newer ultra-luxury construction without South Beach baggage). Per-square-foot variance between them is enormous.
- Buyer profile here: Mix of primary residents (especially South Beach south of Fifth and Mid-Beach Faena District), second-home buyers, and condo-hotel investors.
- Built 1966 (now 60 years old) -- past Florida's 25-year structural recertification trigger.
- Mid-tier condo inventory ranging up to $550K.
- At 18 stories, Triton Tower Condominium is mid-rise scale -- a typical balance of view exposure and intimate community feel.
- Compared anchor: Compared to Sunny Isles (oceanfront tower wall), Miami Beach has more architectural diversity, more restaurants per block, and the South of Fifth and Faena Districts give some sub-areas resort-grade amenity stacks.
- Rental rules vary per association in this market -- most Miami-Dade condos require 6 or 12-month minimum leases. Verify per-association before assuming Airbnb potential.
- Pre-offer diligence: Older South Beach inventory hits Florida's 25-year structural recertification triggers; reserve study and assessment history are critical pre-offer items on pre-2000 buildings.
- Ricky has worked the Miami Beach market for years and can pull HOA documents, recent comps, and reserve study status on any unit you're considering. Text (305) 33-RICKY -- that's (305) 337-4259 -- for a same-week walk-through.
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 1966 (60 years old) — past Florida's 40-year recertification trigger; verify milestone status.
Ricky will verify all of the above with the HOA before closing.
💰 Current Owner's Cost Basis
The current owner bought this unit Mar 2017 for $187,500 — held 9 years. They’re now asking $279,000 — +48.8% (+$91,500) vs. cost basis.
Source: most recent qualified deed on file with the Miami-Dade Property Appraiser.
Sales History
| Date | Price | Type |
|---|---|---|
| Mar 2017 | $187,500 | arm’s-length |
| May 2011 | $107,500 | arm’s-length |
| Sep 2004 | $172,765 | arm’s-length |
| Mar 2004 | $129,000 | arm’s-length |
| Dec 1987 | $37,000 | arm’s-length |
| Mar 1987 | $32,500 | arm’s-length |
Source: Miami-Dade Property Appraiser. County living area: 566 sqft.
Building: Triton Tower Condominium
Unit: 1040
Year Built: 1966
Stories: 17
City: Miami Beach
Postal Code: 33140
View: Other View
Waterfront: Yes
Private Pool: No
Heating: Central
Cooling: Central Air
Days on Market: 11
Listed: April 23, 2026
MLS #: A12007421
Location
Listing courtesy of: Premier Elite Realty Inc.
Information provided by Miami Association of Realtors / SEFMLS • Deemed reliable but not guaranteed • MLS #: A12007421
• Updated May 4, 2026
