NOT LISTED FOR SALE

Tower House 5500 Collins Ave Unit 2101 Miami Beach, FL 33140

Oceanfront Neighborhood

Estimated Value: $1,620,000 - $1,944,000

3 Beds
3.5 Baths
2,868 Sq Ft
1974 Built

Last Sold June 20, 2018

Last sale price $1,125,000 $392 Per Sq Ft

Est. 56% increase in value since last sale

Current estimated payment $10,910/month

315 Days on Market

Highlights

  • Doorman
  • Marina
  • Boat Dock
  • North Beach Elementary School Rated A-
  • Ocean View
  • Property fronts an intracoastal waterway

About This Home

As of June 2018

DRASTIC PRICE REDUCTION!
Beautifully renovated luxury apartment in the sky. Sweeping 270 degree views treat you to breathtaking sunrise and sunset!
Wrap-around balcony, Elegant floors throughout, finished closets and an open kitchen that does not sacrifice functionality for form.
This 3 bedroom 4.5 baths is a MUST SEE!!!

Last Agent to Sell the Property

Sharona Litwin

REALTY 24/7 CO License #3155184 Listed on: 07/31/2017

Last Buyer's Agent

Sharona Litwin

REALTY 24/7 CO License #3155184 Listed on: 07/31/2017

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $16,526

Year Built

  • Built in 1974 | Remodeled

Lot Details

  • End Unit
  • Fenced

Parking

  • 2 Car Attached Garage
  • Secured Garage or Parking

Property Views

Home Design

  • Entry on the 21st floor

Interior Spaces

  • 2,868 Sq Ft Home
  • Built-In Features

Kitchen

  • Electric Range
  • Dishwasher
  • Cooking Island

Flooring

  • Carpet
  • Marble

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Closet Cabinetry
  • Walk-In Closet

Laundry

  • Dryer
  • Washer

Additional Features

  • Unrestricted saltwater access
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 02-32-14-008-0760

Community Details

Overview

  • Property has a Home Owners Association
  • High-Rise Condominium
  • Towerhouse Condo
  • 23-Story Property

Amenities

  • Doorman
  • Elevator
  • Secure Lobby

Recreation

  • Boat Dock
  • Marina

Pet Policy

  • Breed Restrictions

Building Details

  • Maintenance Expense $2,958

Property Details

Home Type

Condominium

Est. Annual Taxes

$16,526

Year Built

Built in 1974 | Remodeled

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 1974
  • Property Sub Type: Condominium
  • Architectural Style: Corner Unit, High Rise
  • Entry Level: 21
  • Road Frontage Type: Bay
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: Unrestricted Salt Water Access
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Condo 5+ Stories, Condo
  • Year Built Details: Resale
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Dryer, Electric Range, Refrigerator, Washer
  • Interior Amenities: Built-in Features, Closet Cabinetry, Cooking Island, Pantry, Walk-In Closet(s)
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Flooring: Carpet, Marble
  • Furnished: Unfurnished
  • Living Area: 2868
  • Possible Use: Secondary
  • Stories: 23
  • Bedroom Features: Entry Level

Exterior Features

  • View: Intracoastal View, Ocean View
  • Fencing: Fenced
  • Patio And Porch Features: Wrap Around
  • Pool Private: No
  • Property Condition: Updated/Remodeled
  • View: Yes
  • Waterfront Features: Intracoastal Front
  • Waterfront: Yes

Garage/Parking

  • Attached Garage: Yes
  • Park Building Name: TOWERHOUSE CONDO
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Parking Features: Covered

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Security: Doorman, Secured Garage/Parking, Lobby Secured

Condo/Co-op/Association

  • Amenities: Boat Dock, Elevator(s), Exercise Room, Heated Pool, Marina, Pool, Tennis Court(s)
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Lot Info

  • Parcel Number: 02-32-14-008-0760
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Restrictions Or Possible Restrictions

Multi Family

  • Maintenance Expense: 2958

Tax Info

  • Tax Year: 2016
  • Tax Annual Amount: 16526

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 15, 2024
Sold by
Ifrah Alain Jeff and Ifrah Barbara
Bought by
Ifrah Family Revocable Trust and Ifrah
Current Estimated Value
$1,759,547

Purchase Details

Listed on
Jul 31, 2017
Closed on
Jun 1, 2018
Sold by
Inversora Retilur Usa Llc
Bought by
Ifrah Alain Jeff and Ifrah Barbara
Seller's Agent
Sharona Litwin
REALTY 24/7 CO
Buyer's Agent
Sharona Litwin
REALTY 24/7 CO
List Price
$1,499,000
Sold Price
$1,125,000
Premium/Discount to List
-$374,000
-24.95%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.27%
Original Mortgage
$843,750
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 19, 2016
Closed on
Jan 6, 2017
Sold by
The Bank Of New York Mellon
Bought by
Inversora Retilur Usa Llc
Seller's Agent
Mark Matchett
MDZ Realty, LLC.
Buyer's Agent
Sharona Litwin
REALTY 24/7 CO
List Price
$993,200
Sold Price
$864,500
Premium/Discount to List
-$128,700
-12.96%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
21.03%

Purchase Details

Closed on
Aug 18, 2016
Sold by
Kofsky Martin
Bought by
The Bank Of New York Mellon

Purchase Details

Closed on
May 23, 2005
Sold by
Lezan S A
Bought by
Kofsky Martin and Kofsky Marlisa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$552,000
Interest Rate
5.48%
Mortgage Type
Fannie Mae Freddie Mac
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Ifrah Family Revocable Trust -- None Listed On Document
Ifrah Alain Jeff $1,125,000 Attorney
Inversora Retilur Usa Llc $864,500 Shore To Shore Title Llc
The Bank Of New York Mellon $781,200 None Available
Kofsky Martin $690,000 Ovt Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ifrah Alain Jeff $843,750
Previous Owner Kofsky Martin $552,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/20/2018 06/20/18 Sold $1,125,000 -6.2% $392 / Sq Ft
06/10/2018 06/10/18 Pending -- -- --
04/25/2018 04/25/18 Price Changed $1,199,000 -6.0% $418 / Sq Ft
03/05/2018 03/05/18 Price Changed $1,275,000 -1.5% $445 / Sq Ft
02/19/2018 02/19/18 Price Changed $1,295,000 -0.3% $452 / Sq Ft
01/08/2018 01/08/18 Price Changed $1,299,000 -5.5% $453 / Sq Ft
12/31/2017 12/31/17 Price Changed $1,375,000 -1.7% $479 / Sq Ft
12/18/2017 12/18/17 Price Changed $1,399,000 -1.4% $488 / Sq Ft
11/26/2017 11/26/17 Price Changed $1,419,000 -3.8% $495 / Sq Ft
10/31/2017 10/31/17 Price Changed $1,475,000 -1.6% $514 / Sq Ft
09/24/2017 09/24/17 Price Changed $1,499,000 -3.3% $523 / Sq Ft
08/02/2017 08/02/17 Price Changed $1,550,000 +3.4% $540 / Sq Ft
07/30/2017 07/30/17 For Sale $1,499,000 +73.4% $523 / Sq Ft
01/31/2017 01/31/17 Sold $864,500 -3.3% $301 / Sq Ft View Prior Sale
11/17/2016 11/17/16 Pending -- -- --
10/17/2016 10/17/16 Price Changed $893,900 -10.0% $312 / Sq Ft
09/16/2016 09/16/16 For Sale $993,200 -- $346 / 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 $20,183 $1,133,506 -- --
2024 $20,698 $1,030,460 -- --
2023 $20,698 $936,782 $0 $0
2022 $16,679 $851,620 $0 $0
2021 $14,948 $774,200 $0 $0
2020 $14,347 $741,100 $0 $0
2019 $16,975 $875,968 $0 $0
2018 $18,718 $995,418 $0 $0
2017 $29,163 $1,531,412 $0 $0
2016 $16,526 $624,335 $0 $0
2015 $16,250 $567,578 $0 $0
2014 $13,884 $515,980 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2018

    Sharona Litwin

    REALTY 24/7 CO

    (305) 893-6894

    17 in this area

    45 Total Sales

    Sharona Litwin
    Section Image
  • Mark Matchett

    Seller's Agent in 2017

    Mark Matchett

    MDZ Realty, LLC.

    (305) 747-9235

    10 Total Sales

    Mark Matchett
    Section Image
See All Agents

About Tower House

Map

Source: MIAMI REALTORS® MLS

MLS Number: A10318990

MIAMI REALTORS® MLS

APN: 02-3214-008-0760

Florida Miami/Dade County Miami Beach 33140 Oceanfront

5500 Collins Ave Unit 2101, Miami Beach, FL

This home is located at 5500 Collins Ave Unit 2101, Miami Beach, FL 33140 since 31 July 2017 and is currently estimated at $1,759,547, approximately $613 per square foot. This property was built in 1974. 5500 Collins Ave Unit 2101 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.

Nearby Homes