NOT LISTED FOR SALE

5225 Collins Ave Unit 507 Miami Beach, FL 33140

Oceanfront Neighborhood

Estimated Value: $472,000 - $531,000

2 Beds
2 Baths
960 Sq Ft
$1,477/ mo HOA Fee

Last Sold June 20, 2023

Last sale price $510,000 $531 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $4,689/month

218 Days on Market

Highlights

  • Marina
  • Ocean Front
  • Community Cabanas
  • North Beach Elementary School Rated A-
  • Community Boat Dock
  • Bar or Lounge

About This Home

As of June 2023

South side remodeled and furnished unit with ocean view. Two bedrooms, two bathrooms, open balcony, 960 SqFt.
Complimentary beach chairs, umbrellas and beach bikes available to owners only. Hotel rental program available for owners who want to earn income when not using the unit. Daily rentals OK. 2 swimming pools, gym, beach service, poolside bar, restaurant, maid service, hair salon and spa, cafe/bakery/wine shoppe, valet parking, and more... Electricity, central a/c, wi-fi, cable, hot water, etc included in maintenance fee.

Last Agent to Sell the Property

Miriela Marcos

Marcos Real Estate Svcs, Inc. License #0375931 Listed on: 08/17/2022

Last Buyer's Agent

Pilar Ehlers

Real Broker LLC License #3152708

Real Broker LLC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,425

Year Built

  • Built in 1962 | Remodeled

Lot Details

  • Ocean Front
  • South Facing Home

HOA Fees

  • $1,477 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • Assigned Parking

Property Views

  • Ocean
  • Bay
  • Pool

Home Design

  • Condo Hotel
  • Entry on the 5th floor
  • Concrete Block And Stucco Construction

Interior Spaces

  • 960 Sq Ft Home
  • Furnished
  • Combination Dining and Living Room
  • Tile Flooring
  • Video Cameras

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Split Bedroom Floorplan
  • 2 Full Bathrooms

Outdoor Features

  • Property has ocean access
  • Dock Available
  • Balcony

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 02-32-14-019-0790

Community Details

Overview

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

Amenities

  • Sauna
  • Bar or Lounge
  • Lobby
  • Secure Lobby

Recreation

  • Community Boat Dock
  • Marina
  • Fitness Center
  • Community Cabanas
  • Community Pool
  • Community Spa

Pet Policy

  • Dogs Allowed

Building Details

Security

  • Security Service
  • Complete Impact Glass
  • High Impact Door
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,425

Year Built

Built in 1962 | Remodeled

Lot Details

0 Sq Ft Lot

HOA Fees

$1,477 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, Dock Available
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Condo-Hotel, Condo
  • Subdivision Name: THE ALEXANDER CONDO
  • 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: Lobby, Split Bedroom
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Door Features: High Impact Doors
  • Flooring: Tile
  • Furnished: Furnished
  • Living Area: 960
  • Possible Use: Secondary
  • Stories: 17
  • Window Features: Clear Impact Glass, Complete Impact Glass
  • Bedroom Features: Entry Level
  • Dining Room Features: Dining/Living Room

Exterior Features

  • View: Bay, Ocean View, Pool Area View
  • Exterior Features: Open Balcony
  • Construction Type: CBS Construction
  • Direction Faces: South
  • Patio And Porch Features: Open Balcony
  • Pool Private: No
  • Property Condition: Updated/Remodeled
  • View: Yes
  • Waterfront Features: Ocean Access, Ocean Front
  • 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: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Security: Smoke Detector, Lobby Secured, Security Patrol, TV Camera

Condo/Co-op/Association

  • Association Fee: 1477
  • Amenities: Bar, Boat Dock, Cabana, Exercise Room, Marina, Pool, Sauna, Spa/Hot Tub
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Lot Info

  • Parcel Number: 02-32-14-019-0790
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Dogs OK

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 4425

Multi Family

  • Maintenance Expense: 1477
  • Number Of Units In Community: 230
  • Number Of Units Total: 230

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 17, 2022
Closed on
Jun 20, 2023
Sold by
Salzberg Mark and Salzberg Dena
Bought by
5225 Investments Llc
Seller's Agent
Miriela Marcos
Marcos Real Estate Svcs, Inc.
Buyer's Agent
Pilar Ehlers
Real Broker LLC
List Price
$549,900
Sold Price
$510,000
Premium/Discount to List
-$39,900
-7.26%
Views
97
Current Estimated Value
$499,800

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$10,200
Avg. Annual Appreciation
-0.73%

Purchase Details

Closed on
Mar 9, 2004
Sold by
Teltron Inc
Bought by
Salzberg Mark and Salzberg Dena

Purchase Details

Closed on
Oct 23, 2003
Sold by
Angel Ruben D
Bought by
Teltron Inc

Purchase Details

Closed on
Feb 9, 2002
Sold by
Ruben D Angel M and Ruben Maria E
Bought by
Serna Maria E

Purchase Details

Closed on
Jun 22, 1999
Sold by
Clerk Of The Court
Bought by
The First National Bank Of Chicago
Source: Public Records
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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
5225 Investments Llc $510,000 None Listed On Document
5225 Investments Llc $510,000 None Listed On Document
Salzberg Mark $250,000 --
Teltron Inc $179,000 --
Serna Maria E -- --
The First National Bank Of Chicago $100 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed 5225 Investments Llc $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/20/2023 06/20/23 Sold $510,000 -1.7% $531 / Sq Ft
03/23/2023 03/23/23 Pending -- -- --
02/02/2023 02/02/23 Price Changed $519,000 -5.6% $541 / Sq Ft
08/17/2022 08/17/22 For Sale $549,900 -- $573 / Sq Ft
Source: MIAMI REALTORS® MLS

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
2025 $7,332 $370,662 -- --
2024 $5,996 $390,170 -- --
2023 $5,996 $277,319 $0 $0
2022 $5,084 $252,109 $0 $0
2021 $4,425 $229,190 $0 $0
2020 $5,159 $266,500 $0 $0
2019 $6,949 $358,600 $0 $0
2018 $6,583 $358,600 $0 $0
2017 $6,294 $313,968 $0 $0
2016 $6,758 $345,713 $0 $0
2015 $6,681 $314,285 $0 $0
2014 $6,012 $285,714 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Miriela Marcos

    Seller's Agent in 2023

    Miriela Marcos

    Marcos Real Estate Svcs, Inc.

    (305) 951-3533

    25 in this area

    31 Total Sales

    Miriela Marcos
    Section Image
  • Pilar Ehlers

    Buyer's Agent in 2023

    Pilar Ehlers

    Real Broker LLC

    (786) 624-1879

    2 in this area

    14 Total Sales

    Pilar Ehlers
    Section Image
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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11257907

MIAMI REALTORS® MLS

APN: 02-3214-019-0790

Florida Miami/Dade County Miami Beach 33140 Oceanfront

5225 Collins Ave Unit 507, Miami Beach, FL

Not Listed for Sale

Condos

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