5640 Collins Ave

The Ashley is an eight-story boutique condominium built in 1967 along Miami Beach’s Intracoastal/Indian Creek corridor. The property is low-rise and residentially scaled, with just four apartments per floor and a total unit count that creates a compact, private community. Units are generally two- and three-bedroom layouts, often configured as spacious corner residences with large windows and expansive water views. Interiors in many residences feature high ceilings, wood or stone floors, sizable walk-in closets, multiple bathrooms, and elements such as breakfast areas, kitchen islands, built-in cabinetry, wet bars and enclosed terraces that can function as convertible bedrooms. Exterior and common areas emphasize waterfront living: a sheltered heated pool sits adjacent to the water, a small landscaped backyard and outdoor grilling area provide casual social space, and a recently refreshed dock system is available for owner rental. The building offers an elegant lobby, covered guest parking, elevator access, on-site maintenance/janitorial presence, and secure hurricane-impact doors and shutters. Owner rules include short-term rental restrictions (no renting first two years) and a pet policy allowing cats but not dogs in many listings. The association has completed notable envelope and infrastructure work in recent years — including roof and 40-year recertification updates — and maintains relatively low unit density per floor, fostering a quieter, more exclusive atmosphere. The site sits on the famed Millionaires’ Row within easy walking distance of public beach access, nearby cafes and hotels, combining a relaxed waterfront lifestyle with quick connections to Miami Beach’s dining and recreational amenities.