$2,575,000
SOLD APR 11, 2014

MEi 5875 Collins Ave Unit 1102 Miami Beach, FL 33140

Oceanfront Neighborhood
3 Beds
3.5 Baths
1,725 Sq Ft
$2,064/mo HOA Fee

Recently Sold

$1,493 Per Sq Ft

20% Below List Price

105 Days on Market

Highlights

  • Doorman
  • Ocean Front
  • Fitness Center
  • North Beach Elementary School Rated A-
  • Private Beach Pavilion
  • Clubhouse

About This Home

As of April 2014

Experience the art of ocean front living in this unique 3 bedroom model. Highly sought after 02 line has stunning views of both the ocean and Miami Bay from its oversize wrap around balconies. Interior design and finishes completed by world renowned Brigg s Edward Solomon. Top of the line appliances include espresso maker and wine cooler. Enjoy first class resort style services with the luxurious amenities the Mei has to offer. Just minutes away from Sobe, the Design District, Bal Harbor.

Last Agent to Sell the Property

Arlene Dunand

Coldwell Banker Realty License #0664509 Listed on: 11/11/2013

Coldwell Banker Realty

Last Buyer's Agent

Pablo Buttice

GZI Real Estate Sales & Market License #3147584

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $16,360

Year Built

  • Built in 2008 | Remodeled

Lot Details

  • Ocean Front
  • East Facing Home

HOA Fees

  • $2,064 Monthly HOA Fees

Parking

  • 3 Car Garage

Property Views

Home Design

  • Concrete Block And Stucco Construction

Interior Spaces

  • 1,725 Sq Ft Home
  • Furnished
  • Built-In Features
  • Blinds
  • Entrance Foyer
  • Combination Dining and Living Room
  • Wood Flooring

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Built-In Oven
  • Electric Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet
  • Jettted Tub and Separate Shower in Primary Bathroom

Laundry

  • Dryer
  • Washer

Home Security

Outdoor Features

  • Property has ocean access
  • Courtyard

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 02-32-14-031-0280

Community Details

Overview

  • 134 Units
  • Club Membership Required
  • High-Rise Condominium
  • Mei Condominium Condos
  • 22-Story Property

Amenities

  • Doorman
  • Valet Parking
  • Trash Chute

Recreation

  • Private Beach Pavilion

Pet Policy

  • Breed Restrictions

Building Details

Security

  • Card or Code Access
  • Secure Elevator
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$16,360

Year Built

Built in 2008 | Remodeled

Lot Details

0

HOA Fees

$2,064 per month

Parking

3

Listing Details

  • Property Type: Residential
  • Year Built: 2008
  • Property Sub Type: Condominium
  • Architectural Style: Corner Unit, High Rise
  • Directions: COLLINS AVE TO 58 STREET.BUILDING LOCATED ON EAST SIDE.
  • Entry Level: 11
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: Deeded Beach Access
  • Unit Levels: 0
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Condo 5+ Stories, Condo
  • Year Built Details: Resale
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: Yes
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Electric Range, Refrigerator, Wall Oven, Washer
  • Interior Amenities: First Floor Entry, Built-in Features, Entrance Foyer, Split Bedroom, Walk-In Closet(s)
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Entry Location: Foyer
  • Flooring: Wood
  • Furnished: Unfurnished, Turn Key Furnished
  • Living Area: 1725
  • Possible Use: Unknown/Withheld
  • Stories: 22
  • Window Features: Blinds
  • Bedroom Features: Entry Level
  • Dining Room Features: Breakfast Area, Dining/Living Room, Eat-In Kitchen
  • Master Bathroom Features: Separate Tub & Shower, Whirlpool/Spa

Exterior Features

  • View: Ocean View, Direct Ocean, Pool Area View
  • Exterior Features: Courtyard, Open Balcony
  • Construction Type: CBS Construction
  • Direction Faces: East
  • Patio And Porch Features: Open Balcony, Wrap Around
  • Pool Private: No
  • Property Condition: Updated/Remodeled
  • View: Yes
  • Waterfront Features: Ocean Access, Ocean Front
  • Waterfront: Yes

Garage/Parking

  • Park Building Name: MEI Condominium
  • Covered Parking Spaces: 3
  • Garage Spaces: 3
  • Parking Features: Covered, Valet

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Security: Fire Alarm, Smoke Detector, Doorman, Elevator Secure, Card Entry

Condo/Co-op/Association

  • Association Fee: 2064
  • Amenities: Clubhouse-Clubroom, Elevator(s), Exercise Room, Heated Pool, Pool, Private Beach Pavilion, Sauna, Trash Chute
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Lot Info

  • Parcel Number: 02-32-14-031-0280
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Restrictions Or Possible Restrictions

Multi Family

  • Maintenance Expense: 2064
  • Number Of Units In Community: 134
  • Number Of Units Total: 134

Tax Info

  • Tax Year: 2013
  • Tax Annual Amount: 16360

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 11, 2013
Closed on
Apr 9, 2014
Sold by
Alexander E Rodriguez Trs
Bought by
Clouds 1101 Inc
Seller's Agent
Arlene Dunand
Coldwell Banker Realty
Buyer's Agent
Pablo Buttice
GZI Real Estate Sales & Market
List Price
$3,200,000
Sold Price
$2,575,000
Premium/Discount to List
-$625,000
-19.53%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.82%
Original Mortgage
$1,237,500
Outstanding Balance
$947,254
Interest Rate
4.37%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$1,878,567

Purchase Details

Closed on
Aug 29, 2013
Sold by
5875 Collins #1102 Llc
Bought by
Alexander E Rodriguez Trs

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,200,000
Interest Rate
2.5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Aug 27, 2013
Sold by
5875 Collins #1102 Llc
Bought by
Rodriguez Alexander E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,200,000
Interest Rate
2.5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jun 10, 2013
Sold by
Cantu Ernesto Torres and Martinez Cardenas Rocio
Bought by
5875 Collins #1102 Llc

Purchase Details

Closed on
May 4, 2009
Sold by
Pmg Collins Llc
Bought by
Cantu Ernesto Torres and Martinez Cardenas Rocio

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$700,000
Interest Rate
4.86%
Mortgage Type
Balloon
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed -- --
Deed $100 --
Warranty Deed -- Attorney
Warranty Deed $2,100,000 Attorney
Special Warranty Deed $1,170,000 Attorney
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,237,500 Adjustable Rate Mortgage/ARM
Previous Owner $1,200,000 Adjustable Rate Mortgage/ARM
Previous Owner $700,000 Balloon
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/05/2025 09/05/25 For Sale $3,600,000 0.0% $2,087 / Sq Ft
06/10/2025 06/10/25 Off Market $3,600,000 -- --
01/15/2025 01/15/25 Rented $18,000 -99.5% --
01/06/2025 01/06/25 Under Contract -- -- --
12/02/2024 12/02/24 Price Changed $3,600,000 -4.0% $2,087 / Sq Ft
10/16/2024 10/16/24 Price Changed $3,750,000 -2.6% $2,174 / Sq Ft
07/29/2024 07/29/24 Price Changed $3,850,000 0.0% $2,232 / Sq Ft
05/20/2024 05/20/24 Price Changed $18,000 -10.0% $10 / Sq Ft
04/10/2024 04/10/24 Price Changed $20,000 0.0% $12 / Sq Ft
01/24/2024 01/24/24 For Sale $3,950,000 0.0% $2,290 / Sq Ft
10/25/2023 10/25/23 For Rent $22,000 -12.0% --
12/07/2021 12/07/21 Rented -- -- --
10/13/2021 10/13/21 For Rent $25,000 +163.2% --
12/07/2020 12/07/20 Rented $9,500 0.0% --
10/26/2020 10/26/20 For Rent $9,500 +18.8% --
10/31/2019 10/31/19 Rented $8,000 -5.9% --
07/17/2019 07/17/19 For Rent $8,500 0.0% --
06/19/2018 06/19/18 Rented $8,500 -10.5% --
06/19/2018 06/19/18 For Rent $9,500 0.0% --
04/11/2014 04/11/14 Sold $2,575,000 -13.9% $1,493 / Sq Ft
01/07/2014 01/07/14 Price Changed $2,990,000 -6.6% $1,733 / Sq Ft
11/11/2013 11/11/13 For Sale $3,200,000 -- $1,855 / 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 $41,031 $2,041,872 -- --
2024 $37,875 $1,856,248 -- --
2023 $37,875 $1,687,499 $0 $0
2022 $29,468 $1,534,090 $0 $0
2021 $26,928 $1,394,628 $0 $0
2020 $29,347 $1,515,900 $0 $0
2019 $30,921 $1,595,647 $0 $0
2018 $37,507 $1,994,611 $0 $0
2017 $39,983 $2,099,620 $0 $0
2016 $40,784 $2,099,620 $0 $0
2015 $41,598 $2,099,620 $0 $0
2014 $29,419 $1,447,976 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A1868005

MIAMI REALTORS® MLS

APN: 02-3214-031-0280