Matthew McMillan Of Coldwell Banker Closes Sale Of Miami Beach Penthouse For $5.5M
5959 Collins Avenue
$5,500,000
$1,381/SF
Building Size
3,982 SF
Asset Type
Condo
Closing
Sep 29, 2025
About this deal
AI
The property involved in this transaction is a condo located at 5959 Collins Avenue, Penthouse 1904 in Miami Beach. The asset was sold for a price of $5,500,000, covering a square footage of 3,982, resulting in a price per square foot of $1,381.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $5,500,000
- Address: 5959 Collins Avenue Penthouse 1904
- Market: Miami Beach
- Square Footage: 3,982
- Price per Square Foot: $1,381
- Broker: Matthew McMillan
- Agency: Coldwell Banker
Matthew McMillan acted as the broker representing the successful closing of the penthouse at The Residences at The Bath Club. With over 20 years of experience in this oceanfront community, he has a proven track record of delivering results at one of Miami Beach’s most exclusive addresses.
On the Map
$5,500,000
$1,381/SF
Condo
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Miami Beach Condo Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.88%
Cash-on-Cash
-0.82%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93