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Matthew McMillan Of Coldwell Banker Closes Sale Of Miami Beach Penthouse For $5.5M

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SOLD
$5,500,000

Florida

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Condo3,982 SF
Sold 09/30/2025
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Property Image
SOLD

Matthew McMillan Of Coldwell Banker Closes Sale Of Miami Beach Penthouse For $5.5M

5959 Collins Avenue

See Similar Deals
Condo3,982 SF
Sold 09/30/2025
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Summary

FLORIDA
Asset Type:Condo
Price Per Square Foot:$1,381
Total Square Footage:3,982 SF
Transaction Type:Sale

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.

Players

Matthew McMillan
2 deals$10M volume(305) 775-8269
BROKER

Details

SOLD
IMAGE: Matthew McMillan DATE: 09/30/2025 ADDRESS: 5959 Collins Avenue Penthouse 1904 MARKET: Miami Beach ASSET TYPE: Condo BROKER: Matthew McMillan (@MattMcMillanrealtor) - Coldwell Banker (@ColdwellBankerMiamiBeach) SALE PRICE: $5,500,000 SF: 3,982 ~ PPSF: $1,381 NOTE FROM BROKER: Excited to share the successful closing of Penthouse at The Residences at The Bath Club! With over 20 years of experience representing buyers and sellers in this iconic oceanfront community, Matt continues to deliver exceptional results at one of Miami Beach’s most exclusive addresses.

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Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$19,540.35
Cash-on-Cash Return-1.27%
Monthly Debt Service$26,072.81
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