$2,700,000
SOLD FEB 21, 2025

MEi 5875 Collins Ave Unit 1402 Miami Beach, FL 33140

Oceanfront Neighborhood
2 Beds
2.5 Baths
1,725 Sq Ft
$3,854/mo HOA Fee

Recently Sold

$1,565 Per Sq Ft

18% Below List Price

54 Days on Market

Highlights

  • Doorman
  • Ocean Front
  • Community Pool
  • North Beach Elementary School Rated A-
  • Main Floor Bedroom
  • Tile Flooring

About This Home

As of February 2025

2bed/2.5bath at Mei Condo in millionaires row in Miami Beach. Enjpy amazing ocean and city views from corner unit with wraparound balcony. Tile and wood floors throughout. Can be sold furnished. Two parking spots and free valet for guests.

Last Agent to Sell the Property

Carlos Rojas

Miami Riches License #3039909 Listed on: 12/04/2024

Last Buyer's Agent

Luis Gonell

Compass Florida, LLC License #3287676

Compass Florida, LLC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $41,793

Year Built

  • Built in 2008

HOA Fees

  • $3,854 Monthly HOA Fees

Parking

  • 2 Car Garage

Home Design

  • Concrete Block And Stucco Construction

Interior Spaces

  • 1,725 Sq Ft Home
  • Tile Flooring

Kitchen

  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Main Floor Bedroom

Additional Features

  • Ocean Front
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 02-32-14-031-0300

Community Details

Overview

  • Mei Condo
  • Mei Condo Subdivision
  • 30-Story Property

Amenities

  • Doorman

Recreation

Pet Policy

  • No Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$41,793

Year Built

Built in 2008

Lot Details

0

HOA Fees

$3,854 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 2008
  • Property Sub Type: Condominium
  • Architectural Style: Corner Unit
  • Entry Level: 14
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: Deeded Beach Access
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Condo 5+ Stories, Condo
  • Subdivision Name: MEI CONDO
  • Year Built Details: Resale
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Microwave, Refrigerator
  • Interior Amenities: First Floor Entry
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Flooring: Tile
  • Furnished: Unfurnished
  • Living Area: 1725
  • Possible Use: Primary
  • Stories: 30
  • Bedroom Features: At Least 1 Bedroom Ground Level

Exterior Features

  • View: Direct Ocean
  • Exterior Features: Other
  • Construction Type: CBS Construction
  • Pool Private: No
  • View: Yes
  • Waterfront Features: Ocean Front
  • Waterfront: Yes

Garage/Parking

  • Park Building Name: MEI CONDO
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Parking Features: 2 Or More Spaces

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Security: Doorman

Condo/Co-op/Association

  • Association Fee: 3854
  • Amenities: Pool
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Lot Info

  • Parcel Number: 02-32-14-031-0300
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: No

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 41793

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 4, 2024
Closed on
Feb 21, 2025
Sold by
Valhalla Strategies Llc
Bought by
Whittington-Cooper Reneatta and Cooper Frank
Seller's Agent
Carlos Rojas
Miami Riches
Buyer's Agent
Luis Gonell
Compass Florida, LLC
List Price
$3,299,000
Sold Price
$2,700,000
Premium/Discount to List
-$599,000
-18.16%
Total Days on Market
54
Views
9
Current Estimated Value
$2,762,948

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$62,948
Avg. Annual Appreciation
7.72%

Purchase Details

Closed on
Oct 13, 2020
Sold by
M & M Private Lending Group Llc
Bought by
Valhalla Strategies Llc

Purchase Details

Closed on
Sep 24, 2020
Sold by
Fountqainebleau Investments Llc
Bought by
M & M Private Lending Group Llc

Purchase Details

Closed on
Nov 30, 2009
Sold by
Pmg Collins Llc
Bought by
Fountainebleau Investments Llc
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
Warranty Deed $2,700,000 Equity Land Title
Warranty Deed $2,700,000 Equity Land Title
Warranty Deed $1,675,000 Attorney
Deed In Lieu Of Foreclosure $1,325,000 Attorney
Special Warranty Deed $1,400,000 Attorney
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $1,225,000 Commercial
Previous Owner $450,000 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/21/2025 02/21/25 Sold $2,700,000 -9.8% $1,565 / Sq Ft
01/27/2025 01/27/25 Pending -- -- --
01/22/2025 01/22/25 Price Changed $2,995,000 -9.2% $1,736 / Sq Ft
12/04/2024 12/04/24 For Sale $3,299,000 0.0% $1,912 / Sq Ft
11/01/2019 11/01/19 Rented $7,000 0.0% --
08/26/2019 08/26/19 Under Contract -- -- --
07/16/2019 07/16/19 Price Changed $7,000 0.0% $4 / Sq Ft
07/01/2019 07/01/19 Price Changed $6,999 0.0% $4 / Sq Ft
06/27/2019 06/27/19 Price Changed $6,998 0.0% $4 / Sq Ft
06/06/2019 06/06/19 Price Changed $6,999 0.0% $4 / Sq Ft
03/25/2019 03/25/19 For Rent $7,000 -- --
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 $38,580 $1,888,453 -- --
2023 $38,580 $1,716,776 $0 $0
2022 $29,979 $1,560,706 $0 $0
2021 $27,395 $1,418,824 $0 $0
2020 $29,856 $1,542,200 $0 $0
2019 $29,336 $1,623,371 $0 $0
2018 $29,574 $2,029,266 $0 $0
2017 $29,377 $1,198,233 $0 $0
2016 $28,824 $1,089,303 $0 $0
2015 $28,342 $990,276 $0 $0
2014 $22,859 $900,251 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2025

    Carlos Rojas

    Miami Riches

    (352) 262-9109

    1 in this area

    57 Total Sales

    Carlos Rojas
    Section Image
  • Luis Gonell

    Buyer's Agent in 2025

    Luis Gonell

    Compass Florida, LLC

    (239) 200-4296

    3 in this area

    35 Total Sales

    Luis Gonell
    Section Image
  • Lauren Sencion

    Seller's Agent in 2019

    Lauren Sencion

    Keller Williams Eagle Realty

    (305) 613-9647

    1 in this area

    83 Total Sales

    Lauren Sencion
    Section Image

  • E

    Buyer's Agent in 2019

    Eduardo Fernandez

    Emerald Real Estate Inc

    (305) 733-4326

    1 in this area

    12 Total Sales

    Eduardo Fernandez
    Section Image
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About MEi

Map

Source: MIAMI REALTORS® MLS

MLS Number: A11704388

MIAMI REALTORS® MLS

APN: 02-3214-031-0300

Florida Miami/Dade County Miami Beach 33140 Oceanfront

5875 Collins Ave Unit 1402, Miami Beach, FL

This home is located at 5875 Collins Ave Unit 1402, Miami Beach, FL 33140 and is currently priced at $2,700,000, approximately $1,565 per square foot. This property was built in 2008. 5875 Collins Ave Unit 1402 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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