NOT LISTED FOR SALE

Tower House 5500 Collins Ave Unit 1001 Miami Beach, FL 33140

Oceanfront Neighborhood

Estimated Value: $1,314,000 - $1,649,000

3 Beds
3.5 Baths
2,868 Sq Ft
1974 Built

Last Sold February 05, 2021

Last sale price $1,030,000 $359 Per Sq Ft

Est. 47% increase in value since last sale

Current estimated payment $9,578/month

57 Days on Market

Highlights

  • Doorman
  • Ocean View
  • Property fronts an intracoastal waterway
  • North Beach Elementary School Rated A-
  • Dock Available
  • Bar or Lounge

About This Home

As of February 2021

Live at one of the most coveted addresses in Miami Beach. Spacious 3 bed, 3.5 bath condo features large living room, formal dining room, large master with his & hers bathrooms and 4 walk-in closets, ensuite 2nd bedroom, 3rd bedroom or den to use as an office, exercise room or chillax space; laundry room, additional separate storage. Enjoy ocean sunrises from your bed and Miami skyline sunsets from the balcony, this units has 180º views. First class concierge services, 2 valet parking, unlimited guest parking. In-house private restaurant delivers to your door. Building has installed high impact windows and doors, infinity glass balconies, a fiberglass brace protects the building from hurricanes and an on-site generator. Steps away from the ocean, a quick drive to Miami Int. Airport.

Last Agent to Sell the Property

Ilaria Cunningham

Coldwell Banker Realty License #3304498 Listed on: 11/26/2020

Coldwell Banker Realty

Last Buyer's Agent

Menachem Fellig

Compass Florida, LLC License #3291623

Compass Florida, LLC

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1974

Lot Details

  • West Facing Home

Parking

  • 2 Car Attached Garage
  • Guest Parking

Property Views

Home Design

  • Entry on the 10th floor
  • Concrete Block And Stucco Construction

Interior Spaces

  • 2,868 Sq Ft Home
  • Furnished
  • Built-In Features
  • Sliding Windows
  • Formal Dining Room

Kitchen

  • Microwave
  • Dishwasher
  • Trash Compactor
  • Disposal

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Closet Cabinetry
  • Walk-In Closet
  • Two Primary Bathrooms
  • Separate Shower in Primary Bathroom

Laundry

  • Laundry in Utility Room
  • Dryer
  • Washer
  • Laundry Tub

Home Security

Schools

  • North Beach Elementary School
  • Nautilus Middle School
  • Miami Beach High School

Additional Features

  • Accessible Elevator Installed
  • Dock Available
  • East of U.S. Route 1
  • Zoned Heating and Cooling

Listing and Financial Details

  • Assessor Parcel Number 02-32-14-008-0360

Community Details

Overview

  • Property has a Home Owners Association
  • High-Rise Condominium
  • Tower House Condo
  • Towerhouse Condo Subdivision
  • The community has rules related to no recreational vehicles or boats, no trucks or trailers
  • 24-Story Property

Amenities

  • Doorman
  • Valet Parking
  • Community Kitchen
  • Bar or Lounge
  • Secure Lobby
  • Elevator

Recreation

  • Community Spa

Pet Policy

  • Breed Restrictions

Building Details

  • Maintenance Expense $3,052

Security

  • High Impact Windows
  • Complete Storm Protection
  • High Impact Door

Property Details

Home Type

Condominium

Year Built

Built in 1974

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 1974
  • Property Sub Type: Condominium
  • Architectural Style: High Rise
  • Entry Level: 10
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: Dock Available
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Condo 5+ Stories, Condo
  • Subdivision Name: TOWERHOUSE CONDO
  • Year Built Details: Resale
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Trash Compactor, Dishwasher, Disposal, Dryer, Microwave, Other Equipment/Appliances, Refrigerator, Washer
  • Interior Amenities: Built-in Features, Closet Cabinetry, Elevator, Laundry Tub, Walk-In Closet(s), Utility Room/Laundry
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Door Features: High Impact Doors
  • Flooring: Carpet, Tile
  • Furnished: Furnished
  • Living Area: 2868
  • Other Equipment: Elevator
  • Possible Use: Unknown/Withheld
  • Stories: 24
  • Window Features: Complete Impact Glass, Complete Other Protection, High Impact Windows, Sliding
  • Bedroom Features: Entry Level
  • Dining Room Features: Formal Dining, Kitchen Dining
  • Living Room Features: Utility Room/Laundry
  • Master Bathroom Features: 2 Master Bathrooms, Separate Tub & Shower

Exterior Features

  • View: Intracoastal View, Ocean View, Other View
  • Exterior Features: East Of Us1
  • Construction Type: CBS Construction
  • Direction Faces: West
  • Pool Private: No
  • View: Yes
  • Waterfront Features: Intracoastal Front
  • Waterfront: Yes

Garage/Parking

  • Attached Garage: Yes
  • Park Building Name: Tower House Condo
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Parking Features: 2 Or More Spaces, Covered, Guest, Valet, No Rv/Boats, No Trucks/Trailers

Utilities

  • Cooling: Zoned
  • Cooling Y N: Yes
  • Electric: Circuit Breakers
  • Heating: Zoned
  • Heating Yn: Yes
  • Laundry Features: Laundry Tub, Utility Room/Laundry
  • Security: Doorman, Lobby Secured

Condo/Co-op/Association

  • Amenities: Bar, Elevator(s), Exercise Room, Heated Pool, Kitchen Facilities, Other, Spa/Hot Tub
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo, Homeowners

Schools

  • Elementary School: North Beach
  • High School: Miami Beach
  • Middle Or Junior School: Nautilus

Lot Info

  • Parcel Number: 02-32-14-008-0360
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Restrictions Or Possible Restrictions

Multi Family

  • Maintenance Expense: 3052

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 1212870

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 26, 2020
Closed on
Feb 5, 2021
Sold by
Spitzer Joseph and Spitzer Helen
Bought by
Farkas Michael D
Seller's Agent
Ilaria Cunningham
Coldwell Banker Realty
Buyer's Agent
Menachem Fellig
Compass Florida, LLC
List Price
$1,300,000
Sold Price
$1,030,000
Premium/Discount to List
-$270,000
-20.77%
Current Estimated Value
$1,514,148

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$484,148
Avg. Annual Appreciation
8.49%

Purchase Details

Listed on
Aug 30, 2016
Closed on
Jan 27, 2017
Sold by
Bevacre Llc
Bought by
Spitzer Joseph and Spitzer Helen
Seller's Agent
Jeri Jenkins
Coldwell Banker Realty
Buyer's Agent
Jeri Jenkins
Coldwell Banker Realty
List Price
$999,000
Sold Price
$925,000
Premium/Discount to List
-$74,000
-7.41%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.70%

Purchase Details

Closed on
Jun 21, 2011
Sold by
Graves Beverly Garner
Bought by
Bevacre Llc

Purchase Details

Closed on
Aug 11, 2005
Sold by
Darsky Frances and Nash Seymour
Bought by
Graves Beverly Garner
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
Farkas Michael D $1,030,000 Attorney
Spitzer Joseph $925,000 Toma Title Group Inc
Bevacre Llc -- Attorney
Graves Beverly Garner $850,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/05/2021 02/05/21 Sold $1,030,000 -20.8% $359 / Sq Ft
11/25/2020 11/25/20 For Sale $1,300,000 +40.5% $453 / Sq Ft
01/27/2017 01/27/17 Sold $925,000 -7.4% $323 / Sq Ft View Prior Sale
01/19/2017 01/19/17 Pending -- -- --
01/03/2017 01/03/17 Price Changed $999,000 0.0% $348 / Sq Ft
01/03/2017 01/03/17 For Sale $999,000 +8.0% $348 / Sq Ft
10/08/2016 10/08/16 Off Market $925,000 -- --
06/14/2016 06/14/16 For Sale $1,175,000 -- $410 / 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
2025 $19,641 $1,149,753 -- --
2024 $19,986 $1,045,230 -- --
2023 $19,986 $950,400 $0 $0
2022 $16,234 $864,000 $0 $0
2021 $13,226 $685,000 $0 $0
2020 $12,634 $652,600 $0 $0
2019 $14,949 $771,399 $0 $0
2018 $16,484 $876,590 $0 $0
2017 $16,719 $604,776 $0 $0
2016 $14,553 $549,797 $0 $0
2015 $14,310 $499,816 $0 $0
2014 $12,226 $454,379 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Ilaria Cunningham

    Seller's Agent in 2021

    Ilaria Cunningham

    Coldwell Banker Realty

    (305) 202-4754

    1 in this area

    9 Total Sales

    Ilaria Cunningham
    Section Image
  • Menachem Fellig

    Buyer's Agent in 2021

    Menachem Fellig

    Compass Florida, LLC

    (305) 632-8803

    25 in this area

    152 Total Sales

    Menachem Fellig
    Section Image
  • Jeri Jenkins

    Seller's Agent in 2017

    Jeri Jenkins

    Coldwell Banker Realty

    (305) 785-0002

    34 Total Sales

    Jeri Jenkins
    Section Image
See All Agents

About Tower House

Map

Source: MIAMI REALTORS® MLS

MLS Number: A10962413

MIAMI REALTORS® MLS

APN: 02-3214-008-0360

Florida Miami/Dade County Miami Beach 33140 Oceanfront

5500 Collins Ave Unit 1001, Miami Beach, FL

This home is located at 5500 Collins Ave Unit 1001, Miami Beach, FL 33140 since 26 November 2020 and is currently estimated at $1,514,148, approximately $527 per square foot. This property was built in 1974. 5500 Collins Ave Unit 1001 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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