NOT LISTED FOR SALE

57 Ocean 5775 Collins Ave Unit 701 Miami Beach, FL 33140

Oceanfront Neighborhood

Estimated Value: $1,334,000 - $6,982,462

3 Beds
3.5 Baths
1,972 Sq Ft
2021 Built

Last Sold August 21, 2023

Last sale price $7,100,000 $3,600 Per Sq Ft

Est. 26% decrease in value since last sale

Current estimated payment $40,485/month

45 Days on Market

Highlights

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

About This Home

As of August 2023

57 Ocean's last remaining never lived in developer unit on the sand on Millionaire's Row. This residence features floor-to-ceiling windows. 12 Ft deep terraces, open floor plan, private elevator and foyer. There are top of the line poliform kitchen and bathrooms. SubZero and Wolf appliances.

Last Agent to Sell the Property

Philip Gutman

PGutman, LLC License #3075866 Listed on: 05/15/2023

Co-Listed By

Christopher Jude

PGutman, LLC License #3335565

Last Buyer's Agent

NON-MLS MEMBER

MAR NON MLS MEMBER License #SEF

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $72,133

Year Built

  • Built in 2021

HOA Fees

  • $4,887 Monthly HOA Fees

Parking

  • 2 Car Garage

Home Design

  • Entry on the 7th floor

Interior Spaces

  • 1,972 Sq Ft Home
  • Furniture for Sale
  • Built-In Features
  • Blinds
  • Formal Dining Room

Kitchen

  • Eat-In Kitchen
  • Electric Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom on Main
  • Closet Cabinetry
  • Bidet
  • Dual Sinks
  • Separate Shower in Primary Bathroom

Laundry

  • Dryer
  • Washer

Home Security

Unit Details

  • Ocean Front
  • End Unit
  • East Facing Home

Additional Features

  • Accessible Elevator Installed
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 02-32-11-032-0050

Community Details

Overview

  • 57 Ocean Condo
  • 57 Ocean Condo Subdivision
  • 18-Story Property

Amenities

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

Recreation

  • Community Playground
  • Community Cabanas
  • Community Spa

Pet Policy

  • Breed Restrictions

Security

  • Security Guard
  • Secure Elevator
  • High Impact Windows
  • High Impact Door

Property Details

Home Type

Condominium

Est. Annual Taxes

$72,133

Year Built

Built in 2021

HOA Fees

$4,887 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 2021
  • Property Sub Type: Condominium
  • Architectural Style: Corner Unit
  • Co List Office Mls Id: PGUT01
  • Co List Office Phone: 305-778-2058
  • Entry Level: 7
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: None
  • 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: 4098

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Electric Range, Refrigerator, Washer
  • Interior Amenities: Built-in Features, Closet Cabinetry, Elevator, Pantry
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Door Features: High Impact Doors
  • Flooring: Other
  • Furnished: Furniture For Sale, Unfurnished
  • Living Area: 1972
  • Other Equipment: Elevator
  • Possible Use: Primary
  • Stories: 18
  • Window Features: Blinds, High Impact Windows
  • Bedroom Features: Primary Bedroom Ground Level
  • Dining Room Features: Dining/Living Room, Eat-In Kitchen, Formal Dining
  • Master Bathroom Features: Bidet, Dual Sinks, Separate Tub & Shower

Exterior Features

  • View: Ocean View, Direct Ocean
  • Exterior Features: Open Balcony
  • Direction Faces: East
  • 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: 2
  • Garage Spaces: 2
  • Parking Features: 2 Or More Spaces, Valet

Utilities

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

Condo/Co-op/Association

  • Association Fee: 4887
  • 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: 02-32-11-032-0050
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Restrictions Or Possible Restrictions

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 72133

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 15, 2023
Closed on
Aug 21, 2023
Sold by
701 Oceanside Llc
Bought by
Brenda L Snow Revocable Trust and Snow
Seller's Agent
Philip Gutman
PGutman, LLC
Buyer's Agent
NON-MLS MEMBER
MAR NON MLS MEMBER
List Price
$7,400,000
Sold Price
$7,100,000
Premium/Discount to List
-$300,000
-4.05%
Views
10
Current Estimated Value
$5,277,116

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,822,884
Avg. Annual Appreciation
-10.90%
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
Brenda L Snow Revocable Trust $7,100,000 None Listed On Document
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/21/2023 08/21/23 Sold $7,100,000 -4.1% $3,600 / Sq Ft
06/30/2023 06/30/23 Pending -- -- --
05/15/2023 05/15/23 For Sale $7,400,000 0.0% $3,753 / Sq Ft
02/08/2016 02/08/16 Rented $2,300 -8.0% --
12/28/2015 12/28/15 Under Contract -- -- --
12/09/2015 12/09/15 For Rent $2,500 +38.9% --
02/01/2012 02/01/12 Rented $1,800 -14.3% --
02/01/2012 02/01/12 For Rent $2,100 -- --
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 $97,680 $4,706,287 -- --
2024 $94,309 $5,239,374 -- --
2023 $94,309 $4,990,760 $0 $0
2022 $72,133 $3,839,045 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2023

    Philip Gutman

    PGutman, LLC

    (305) 695-6300

    1 in this area

    3 Total Sales

    Philip Gutman
    Section Image
  • Christopher Jude

    Seller Co-Listing Agent in 2023

    Christopher Jude

    PGutman, LLC

    (305) 695-6300

    14 in this area

    21 Total Sales

    Christopher Jude
    Section Image

  • N

    Buyer's Agent in 2023

    NON-MLS MEMBER

    MAR NON MLS MEMBER

  • Nancy Corey

    Seller's Agent in 2016

    Nancy Corey

    Coldwell Banker Realty

    (305) 297-1724

    Nancy Corey
    Section Image
  • Olimpia Zanardi

    Buyer's Agent in 2016

    Olimpia Zanardi

    The Corcoran Group

    (305) 798-1697

    1 Total Sale

    Olimpia Zanardi
    Section Image
  • Michelle Northern

    Seller's Agent in 2012

    Michelle Northern

    Compass Florida, LLC

    (786) 525-1721

    1 in this area

    21 Total Sales

    Michelle Northern
    Section Image
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About 57 Ocean

Map

Source: MIAMI REALTORS® MLS

MLS Number: A11382337

MIAMI REALTORS® MLS

APN: 02-3211-032-0050

Florida Miami/Dade County Miami Beach 33140 Oceanfront

5775 Collins Ave Unit 701, Miami Beach, FL

Not Listed for Sale

Condos

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