NOT LISTED FOR SALE

5225 Collins Ave Unit 502 Miami Beach, FL 33140

Oceanfront Neighborhood

Estimated Value: $598,000 - $689,022

2 Beds
2 Baths
1,200 Sq Ft
$2,262/mo HOA Fee

Last Sold July 02, 2024

Last sale price $615,000 $512 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $6,708/month

349 Days on Market

Highlights

  • Marina
  • Direct Ocean View
  • Boat Dock
  • North Beach Elementary School Rated A-
  • Property has ocean access
  • Community Cabanas

About This Home

As of July 2024

Condo living at The Alexander means ocean access and high enjoyment, direct ocean views. This corner unit comes furnished, and short term rentals are allowed. Poolside cabanas available. The feature-rich amenities includes two swimming pools, fitness center, impressive lobby, coffee/wine/dessert shoppe, restaurant, and ocean access- On the beach. The shopping and dining options of Bal Harbour and South Beach are only a short distance away. Pet friendly for owners. Maint fee includes electricity, cable, valet parking, central a/c, pest control, Wi-Fi, beach chairs for owners. Available hotel rental program is optional. Boat docks and boat rentals available. Poolside full bar with beach service.

Last Agent to Sell the Property

Miriela Marcos

Marcos Real Estate Svcs, Inc. License #0375931 Listed on: 07/17/2023

Last Buyer's Agent

Esther Percal

BHHS EWM Realty License #0197819

BHHS EWM Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $10,734

Year Built

  • Built in 1962

HOA Fees

  • $2,262 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • Assigned Parking

Property Views

  • Direct Ocean
  • Pool

Home Design

  • Condo Hotel
  • Concrete Block And Stucco Construction

Interior Spaces

  • 1,200 Sq Ft Home
  • Furnished
  • Ceiling Fan
  • Blinds
  • Entrance Foyer
  • Combination Dining and Living Room
  • Video Cameras

Kitchen

  • Electric Range
  • <<microwave>>
  • Dishwasher
  • Snack Bar or Counter

Flooring

  • Marble
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Main Floor Bedroom
  • Closet Cabinetry
  • 2 Full Bathrooms
  • Bathtub and Shower Combination in Primary Bathroom
  • Bathtub

Outdoor Features

  • Property has ocean access
  • Property is near a marina
  • Attended Boat Services
  • Boat Lock
  • Dock Available
  • Balcony

Additional Features

  • Home fronts a creek
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 02-32-14-019-0140

Community Details

Overview

  • 230 Units
  • High-Rise Condominium
  • The Alexander Condos
  • The Alexander Condo,The Alexander Subdivision
  • The community has rules related to no recreational vehicles or boats
  • 17-Story Property

Amenities

  • Sauna
  • Bar or Lounge
  • Laundry Facilities
  • Elevator

Recreation

  • Boat Dock
  • Marina
  • Fitness Center
  • Community Cabanas
  • Heated Community Pool
  • Community Spa
  • Bike Trail

Pet Policy

  • Dogs Allowed

Building Details

  • Maintenance Expense $1,848

Security

  • Security Guard
  • High Impact Windows
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$10,734

Year Built

Built in 1962

Lot Details

0

HOA Fees

$2,262 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Year Built: 1962
  • Property Sub Type: Condominium
  • Architectural Style: High Rise
  • Entry Level: 5
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: Deeded Beach Access,Dock Available, Attended,Boat Lock,Marina
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Condo-Hotel, Condo
  • Subdivision Name: THE ALEXANDER CONDO,The Alexander
  • Year Built Details: Condo-Hotel
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Microwave, Electric Range, Refrigerator
  • Interior Amenities: Closet Cabinetry, Shabbat Elevator, Fire Sprinklers, Entrance Foyer
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Entry Location: Foyer
  • Flooring: Marble, Tile
  • Furnished: Furnished
  • Living Area: 1200
  • Possible Use: Investment
  • Stories: 17
  • Window Features: Clear Impact Glass, Complete Impact Glass, Blinds, High Impact Windows, Impact Glass
  • Bedroom Features: At Least 1 Bedroom Ground Level, Primary Bath Tub
  • Dining Room Features: Dining/Living Room, Snack Bar/Counter
  • Master Bathroom Features: Combination Tub & Shower

Exterior Features

  • View: Ocean View, Direct Ocean, Pool Area View
  • Exterior Features: Open Balcony
  • Construction Type: CBS Construction
  • Patio And Porch Features: Open Balcony
  • Pool Private: No
  • View: Yes
  • Waterfront Features: Creek, Ocean Access
  • Waterfront: Yes

Garage/Parking

  • Attached Garage: Yes
  • Park Building Name: The Alexander
  • Covered Parking Spaces: 1
  • Garage Spaces: 1
  • Parking Features: 1 Space, Assigned, Covered, No Rv/Boats

Utilities

  • Cooling: Ceiling Fan(s), Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Security: Fire Sprinklers, Guard At Site, Security Patrol, TV Camera

Condo/Co-op/Association

  • Association Fee: 2262
  • Amenities: Bar, Bike/Jog Path, Boat Dock, Cabana, Laundry, Elevator(s), Exercise Room, Heated Pool, Marina, Pool, Sauna, Spa/Hot Tub
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Lot Info

  • Parcel Number: 02-32-14-019-0140
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Dogs OK

Multi Family

  • Maintenance Expense: 1848
  • Number Of Units In Community: 230
  • Number Of Units Total: 230

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 10734

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 17, 2023
Closed on
Jul 8, 2024
Sold by
Hechler Glenn and Jones Christopher
Bought by
Cgjman Llc
Seller's Agent
Miriela Marcos
Marcos Real Estate Svcs, Inc.
Buyer's Agent
Esther Percal
BHHS EWM Realty
List Price
$1,199,000
Sold Price
$615,000
Premium/Discount to List
-$584,000
-48.71%
Views
68
Current Estimated Value
$634,506

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$19,506
Avg. Annual Appreciation
3.02%
Original Mortgage
$369,000
Outstanding Balance
$366,794
Interest Rate
6.88%
Mortgage Type
New Conventional
Estimated Equity
$267,712

Purchase Details

Listed on
Jul 17, 2023
Closed on
Jun 25, 2024
Sold by
Salzman Carol and Salzman Tamara Pearl
Bought by
Hechler Glenn and Jones Christopher
Seller's Agent
Miriela Marcos
Marcos Real Estate Svcs, Inc.
Buyer's Agent
Esther Percal
BHHS EWM Realty
List Price
$1,199,000
Sold Price
$615,000
Premium/Discount to List
-$584,000
-48.71%
Views
68

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$369,000
Outstanding Balance
$366,794
Interest Rate
6.88%
Mortgage Type
New Conventional
Estimated Equity
$267,712

Purchase Details

Closed on
Jul 15, 2016
Sold by
Salzman Carol Ann
Bought by
Salzman Carol and Salzman Tamara Pearl

Purchase Details

Closed on
Mar 30, 2015
Sold by
Est Of Harry Salzman
Bought by
Carol Ann Salzman Trs

Purchase Details

Closed on
Mar 3, 2006
Sold by
Ocana Sandra and Diaz Rogelio
Bought by
Salzman Henry

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$310,000
Interest Rate
7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 25, 2003
Sold by
Creative Management R E Lc
Bought by
Diaz Rogelio and Ocana Sandra

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
5.52%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Apr 20, 1994
Sold by
Vodermaier Peter
Bought by
Creative Mgmt Re
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Cgjman Llc -- None Listed On Document
Hechler Glenn $615,000 None Listed On Document
Salzman Carol -- Attorney
Carol Ann Salzman Trs -- --
Salzman Henry $620,000 Sunbelt Title Agency
Diaz Rogelio $350,000 --
Creative Mgmt Re $250,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cgjman Llc $369,000
Previous Owner Salzman Henry $310,000
Previous Owner Diaz Rogelio $350,000
Previous Owner Diaz Rogelio $200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/02/2024 07/02/24 Sold $615,000 -11.9% $513 / Sq Ft
02/25/2024 02/25/24 Price Changed $698,000 -12.5% $582 / Sq Ft
01/10/2024 01/10/24 Price Changed $798,000 -6.0% $665 / Sq Ft
09/20/2023 09/20/23 Price Changed $849,000 -29.2% $708 / Sq Ft
07/18/2023 07/18/23 For Sale $1,199,000 -- $999 / Sq Ft
Source: MIAMI REALTORS® MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $11,182 $622,660 -- --
2023 $11,182 $574,776 $0 $0
2022 $9,912 $522,524 $0 $0
2021 $9,172 $475,022 $0 $0
2020 $8,437 $435,800 $0 $0
2019 $9,383 $484,194 $0 $0
2018 $8,926 $474,700 $0 $0
2017 $10,238 $525,354 $0 $0
2016 $9,277 $477,595 $0 $0
2015 $10,066 $508,080 $0 $0
2014 $10,323 $508,080 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Miriela Marcos

    Seller's Agent in 2024

    Miriela Marcos

    Marcos Real Estate Svcs, Inc.

    (305) 951-3533

    23 in this area

    32 Total Sales

    Miriela Marcos
    Section Image
  • Esther Percal

    Buyer's Agent in 2024

    Esther Percal

    BHHS EWM Realty

    (305) 674-4022

    4 in this area

    105 Total Sales

    Esther Percal
    Section Image

  • R

    Buyer Co-Listing Agent in 2024

    Roberto Cachinero

    BHHS EWM Realty

    (305) 674-4000

    3 in this area

    42 Total Sales

    Roberto Cachinero
    Section Image
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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11420098

MIAMI REALTORS® MLS

APN: 02-3214-019-0140

Florida Miami/Dade County Miami Beach 33140 Oceanfront

5225 Collins Ave Unit 502, Miami Beach, FL

This home is located at 5225 Collins Ave Unit 502, Miami Beach, FL 33140 since 17 July 2023 and is currently estimated at $634,506, approximately $528 per square foot. This property was built in 1962. 5225 Collins Ave Unit 502 is a home located in Miami-Dade County with nearby schools including North Beach Elementary School, Nautilus Middle School, and Miami Beach Senior High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MIAMI REALTORS® MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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