NOT LISTED FOR SALE

57 Ocean 5775 Collins Ave Unit 303 Miami Beach, FL 33140

Oceanfront Neighborhood

Estimated Value: $2,244,000 - $8,828,419

3 Beds
2.5 Baths
2,903 Sq Ft
$7,023/mo HOA Fee

Last Sold December 11, 2023

Last sale price $8,765,000 $3,019 Per Sq Ft

Est. 25% decrease in value since last sale

Current estimated payment $50,382/month

58 Days on Market

Highlights

  • Doorman
  • Ocean Front
  • Fitness Center
  • North Beach Elementary School Rated A-
  • Community Cabanas
  • Clubhouse

About This Home

As of December 2023

Exclusive ‘Beach House North’ direct oceanfront unit with an exquisite 2,049 SF lanai wrap-around terrace. Flow-through open floor plan illuminated by floor-to-ceiling telescopic windows in the only new-construction residences on Millionaires Row. Designed to perfection, featuring herringbone oak floors, marble & travertine lined walls, & top-of-the-line finishes throughout. Seamless indoor/outdoor living with covered outdoor living and dining areas and a summer kitchen. 57 Ocean amenities include a two oceanfront pools, a sunset pool, a full-service spa, library, fitness center, children’s room, and 24/7 concierge. In the heart of Miami Beach, walk or ride the oceanfront boardwalk to world-class dining, shopping, and entertainment in Bal Harbor and Miami Beach.

Last Agent to Sell the Property

Julian Johnston

The Corcoran Group License #3041178 Listed on: 10/03/2023

The Corcoran Group

Last Buyer's Agent

Pietro Belmonte

Douglas Elliman License #3197184

Douglas Elliman

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $83,195

Year Built

  • Built in 2021

HOA Fees

  • $7,023 Monthly HOA Fees

Parking

  • 3 Car Garage

Property Views

  • Ocean

Interior Spaces

  • 2,903 Sq Ft Home
  • Partially Furnished
  • Den
  • Wood Flooring
  • Washer

Kitchen

  • <<builtInOvenToken>>
  • <<microwave>>

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom on Main

Additional Features

  • Balcony
  • Ocean Front
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 02-32-11-032-0290

Community Details

Overview

  • High-Rise Condominium
  • 57 Ocean Condo
  • 57 Ocean Condo Subdivision
  • 18-Story Property

Amenities

  • Doorman
  • Valet Parking
  • Sauna
  • Clubhouse
  • Community Library

Recreation

  • Community Playground
  • Community Cabanas
  • Community Spa

Pet Policy

  • Breed Restrictions

Security

  • Security Guard
  • Secure Elevator

Property Details

Home Type

Condominium

Est. Annual Taxes

$83,195

Year Built

Built in 2021

Lot Details

0

HOA Fees

$7,023 per month

Parking

3

Listing Details

  • Property Type: Residential
  • Year Built: 2021
  • Property Sub Type: Condominium
  • Architectural Style: High Rise
  • Entry Level: 3
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: Other
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Condo 5+ Stories, Condo
  • Subdivision Name: 57 OCEAN CONDO
  • Year Built Details: Resale
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Microwave, Other Equipment/Appliances, Refrigerator, Wall Oven, Washer
  • Interior Amenities: First Floor Entry, Den/Library/Office
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Flooring: Wood
  • Furnished: Partially Furnished
  • Living Area: 2903
  • Possible Use: Unknown/Withheld
  • Stories: 18
  • Bedroom Features: Primary Bedroom Ground Level
  • Living Room Features: Den/Library/Office

Exterior Features

  • View: Ocean View, Pool Area View
  • Exterior Features: Open Balcony
  • Patio And Porch Features: Open Balcony
  • Pool Private: No
  • View: Yes
  • Waterfront Features: Ocean Front
  • Waterfront: Yes

Garage/Parking

  • Park Building Name: 57 OCEAN CONDO
  • Covered Parking Spaces: 3
  • Garage Spaces: 3
  • Parking Features: 2 Or More Spaces, Valet

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Security: Doorman, Elevator Secure, Guard At Site

Condo/Co-op/Association

  • Association Fee: 7023
  • Amenities: Cabana, Clubhouse-Clubroom, Elevator(s), Exercise Room, Library, Child Play Area, Pool, Sauna, Spa/Hot Tub
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Lot Info

  • Parcel Number: 02-32-11-032-0290
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Restrictions Or Possible Restrictions

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 83195

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 3, 2023
Closed on
Dec 11, 2023
Sold by
Jernigan Kristi and Jernigan Dean
Bought by
Desiree Beach Llc
Seller's Agent
Julian Johnston
The Corcoran Group
Buyer's Agent
Pietro Belmonte
Douglas Elliman
List Price
$9,500,000
Sold Price
$8,765,000
Premium/Discount to List
-$735,000
-7.74%
Views
48
Current Estimated Value
$6,531,140

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$2,233,860
Avg. Annual Appreciation
-15.26%
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
Desiree Beach Llc $8,765,000 Concept Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Jernigan Kristi $3,500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/11/2023 12/11/23 Sold $8,765,000 -7.7% $3,019 / Sq Ft
12/01/2023 12/01/23 Pending -- -- --
10/03/2023 10/03/23 For Sale $9,500,000 -- $3,272 / 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 $86,205 $6,971,640 -- --
2023 $86,205 $4,603,070 $0 $0
2022 $83,195 $4,469,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Julian Johnston

    Seller's Agent in 2023

    Julian Johnston

    The Corcoran Group

    (305) 332-2346

    13 in this area

    230 Total Sales

    Julian Johnston
    Section Image
  • Pietro Belmonte

    Buyer's Agent in 2023

    Pietro Belmonte

    Douglas Elliman

    (305) 695-6300

    3 in this area

    50 Total Sales

    Pietro Belmonte
    Section Image
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About 57 Ocean

Map

Source: MIAMI REALTORS® MLS

MLS Number: A11459736

MIAMI REALTORS® MLS

APN: 02-3211-032-0290

Florida Miami/Dade County Miami Beach 33140 Oceanfront

5775 Collins Ave Unit 303, Miami Beach, FL

This home is located at 5775 Collins Ave Unit 303, Miami Beach, FL 33140 since 03 October 2023 and is currently estimated at $6,531,140, approximately $2,249 per square foot. This property was built in 2021. 5775 Collins Ave Unit 303 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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