NOT LISTED FOR SALE

MEi 5875 Collins Ave Unit 1407 Miami Beach, FL 33140

Oceanfront Neighborhood

Estimated Value: $1,665,000 - $2,233,000

2 Beds
2.5 Baths
1,323 Sq Ft
$2,989/mo HOA Fee

Last Sold March 15, 2024

Last sale price $2,100,000 $1,587 Per Sq Ft

Est. 12% decrease in value since last sale

Current estimated payment $15,407/month

56 Days on Market

Highlights

  • Valet Parking
  • Ocean Front
  • Marble Flooring
  • North Beach Elementary School Rated A-
  • Fitness Center
  • Furnished

About This Home

As of March 2024

Indulge in unparalleled luxury living at one of the most exclusive addresses in Miami Beach. This flawlessly renovated, fully furnished 2-bed, 2.5-bath corner residence offers panoramic views from dawn to dusk, providing the best of both worlds. Move-in-ready with all essentials—just bring your toothbrush. Enjoy blackout shades and sheers throughout. Mei resort-style amenities include a fitness center, heated pools, beach service, valet parking, massage room, library, and 24-hr concierge. Experience the epitome of luxury in one place. Some art excluded in sale.

Last Agent to Sell the Property

Camila Canepa

Compass Florida, LLC License #3313054 Listed on: 12/19/2023

Compass Florida, LLC

Last Buyer's Agent

Gregory Gringruz

Exclusively Yours Realty License #3285937

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $27,696

Year Built

  • Built in 2008

Lot Details

  • Ocean Front
  • Privacy Fence

HOA Fees

  • $2,989 Monthly HOA Fees

Parking

  • 2 Car Garage

Property Views

Interior Spaces

  • 1,323 Sq Ft Home
  • Furnished
  • Marble Flooring

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet

Laundry

  • Dryer
  • Washer

Home Security

Additional Features

  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 02-32-14-031-1090

Community Details

Overview

  • High-Rise Condominium
  • Mei Condos
  • Mei Condo Subdivision
  • 23-Story Property

Amenities

  • Valet Parking
  • Trash Chute
  • Business Center
  • Community Library
  • Elevator

Recreation

  • Bike Trail

Pet Policy

  • Breed Restrictions

Security

  • Security Guard
  • Card or Code Access
  • High Impact Door

Property Details

Home Type

Condominium

Est. Annual Taxes

$27,696

Year Built

Built in 2008

Lot Details

0

HOA Fees

$2,989 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 2008
  • Property Sub Type: Condominium
  • Architectural Style: Corner Unit, High Rise
  • 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
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Electric Range, Refrigerator, Washer
  • Interior Amenities: Walk-In Closet(s)
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Door Features: High Impact Doors
  • Flooring: Marble
  • Furnished: Furnished
  • Living Area: 1323
  • Possible Use: Unknown/Withheld
  • Stories: 23
  • Bedroom Features: Entry Level

Exterior Features

  • View: Ocean View, Skyline
  • Exterior Features: Open Balcony
  • Fencing: Privacy
  • Patio And Porch Features: Open Balcony, Wrap Around
  • Pool Private: No
  • View: Yes
  • Waterfront Features: Ocean Front
  • Waterfront: Yes

Garage/Parking

  • Park Building Name: MEI
  • 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: Card Entry, Guard At Site

Condo/Co-op/Association

  • Association Fee: 2989
  • Amenities: Bike/Jog Path, Business Center, Elevator(s), Exercise Room, Exterior Lighting, Heated Pool, Library, Pool, Trash Chute
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Lot Info

  • Parcel Number: 02-32-14-031-1090
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Restrictions Or Possible Restrictions

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 27696

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 19, 2023
Closed on
Mar 15, 2024
Sold by
Acosta Fabio
Bought by
Jcj Trust and Bokor
Seller's Agent
Camila Canepa
Compass Florida, LLC
Buyer's Agent
Gregory Gringruz
Exclusively Yours Realty
List Price
$2,195,000
Sold Price
$2,100,000
Premium/Discount to List
-$95,000
-4.33%
Views
51
Current Estimated Value
$1,857,878

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$242,122
Avg. Annual Appreciation
-8.21%

Purchase Details

Listed on
Apr 5, 2022
Closed on
Sep 1, 2022
Sold by
Blair Global Llc
Bought by
Acosta Fabio
Seller's Agent
Carlos Marco
Best Real Estate Plus
Buyer's Agent
Camila Canepa
Compass Florida, LLC
List Price
$1,899,000
Sold Price
$1,775,000
Premium/Discount to List
-$124,000
-6.53%
Views
2

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.70%
Original Mortgage
$1,153,750
Interest Rate
4.58%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 22, 2016
Closed on
Oct 25, 2016
Sold by
Geominas Sd Llc
Bought by
Blair Global Llc
Seller's Agent
Brett Haller
MMLS Assoc.-Inactive Member
Buyer's Agent
Carlos Marco
Best Real Estate Plus
List Price
$1,245,000
Sold Price
$1,030,000
Premium/Discount to List
-$215,000
-17.27%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.71%
Original Mortgage
$100,000
Interest Rate
3.42%
Mortgage Type
Balloon

Purchase Details

Listed on
May 7, 2014
Closed on
Nov 5, 2014
Sold by
Santied Properties Inc
Bought by
Geominas Sd Llc
Seller's Agent
Vivian Aponte Blane
The Keyes Company
List Price
$239,000
Sold Price
$1,100,000
Premium/Discount to List
$861,000
360.25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-3.35%
Original Mortgage
$300,000
Interest Rate
4.65%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
May 24, 2010
Sold by
Pmg Collins Llc
Bought by
Santied Properties Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$459,500
Interest Rate
5.87%
Mortgage Type
Seller Take Back
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
Jcj Trust $2,100,000 Union Title
Acosta Fabio $1,775,000 Title Services Corporation
Blair Global Llc $1,030,000 Florida Title & Trust Llc
Geominas Sd Llc $1,100,000 Seagull Title Company
Santied Properties Inc $919,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Acosta Fabio $1,153,750
Previous Owner Blair Global Llc $100,000
Previous Owner Geominas Sd Llc $300,000
Previous Owner Santied Properties Inc $459,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/15/2024 03/15/24 Sold $2,100,000 -4.3% $1,587 / Sq Ft
02/14/2024 02/14/24 Pending -- -- --
12/19/2023 12/19/23 For Sale $2,195,000 0.0% $1,659 / Sq Ft
11/01/2023 11/01/23 Rented $11,000 -8.3% --
09/19/2023 09/19/23 Under Contract -- -- --
06/13/2023 06/13/23 Price Changed $12,000 -11.1% $9 / Sq Ft
04/27/2023 04/27/23 For Rent $13,500 +3.8% --
11/04/2022 11/04/22 Rented $13,000 -13.3% --
11/02/2022 11/02/22 Under Contract -- -- --
09/14/2022 09/14/22 For Rent $15,000 0.0% --
09/09/2022 09/09/22 Sold $1,775,000 -6.5% $1,342 / Sq Ft
04/05/2022 04/05/22 For Sale $1,899,000 0.0% $1,435 / Sq Ft
10/06/2017 10/06/17 Rented $5,400 -1.8% --
09/13/2017 09/13/17 Price Changed $5,500 -5.2% $4 / Sq Ft
05/11/2017 05/11/17 For Rent $5,800 0.0% --
10/26/2016 10/26/16 Sold $1,030,000 -14.2% $779 / Sq Ft
09/15/2016 09/15/16 Pending -- -- --
05/24/2016 05/24/16 Price Changed $1,200,000 -3.6% $907 / Sq Ft
04/22/2016 04/22/16 For Sale $1,245,000 +13.2% $941 / Sq Ft
11/21/2014 11/21/14 Sold $1,100,000 -8.3% $831 / Sq Ft
10/07/2014 10/07/14 Pending -- -- --
05/24/2014 05/24/14 Price Changed $1,200,000 -3.1% $907 / Sq Ft
05/07/2014 05/07/14 Price Changed $1,239,000 +418.4% $937 / Sq Ft
05/07/2014 05/07/14 For Sale $239,000 -- $181 / 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 $27,542 $1,612,226 -- --
2024 $27,696 $1,465,660 -- --
2023 $27,696 $1,465,660 $0 $0
2022 $15,520 $807,980 $0 $0
2021 $14,182 $734,528 $0 $0
2020 $15,457 $798,400 $0 $0
2019 $17,537 $946,808 $0 $0
2018 $16,185 $860,696 $0 $0
2017 $15,611 $819,752 $0 $0
2016 $18,095 $931,536 $0 $0
2015 $18,456 $931,536 $0 $0
2014 $14,171 $600,986 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Camila Canepa

    Seller's Agent in 2024

    Camila Canepa

    Compass Florida, LLC

    (305) 815-2144

    2 in this area

    16 Total Sales

    Camila Canepa
    Section Image
  • Gregory Gringruz

    Buyer's Agent in 2024

    Gregory Gringruz

    Exclusively Yours Realty

    (305) 343-9155

    2 in this area

    48 Total Sales

    Gregory Gringruz
    Section Image
  • Jelena Houston

    Buyer's Agent in 2023

    Jelena Houston

    The Corcoran Group

    (305) 322-7089

    8 in this area

    38 Total Sales

    Jelena Houston
    Section Image
  • Carlos Marco

    Seller's Agent in 2022

    Carlos Marco

    Best Real Estate Plus

    (786) 282-4300

    5 in this area

    35 Total Sales

    Carlos Marco
    Section Image

  • K

    Buyer's Agent in 2017

    Kactherinne Arango

    MMLS Assoc.-Inactive Member

    Section Image
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About MEi

Map

Source: MIAMI REALTORS® MLS

MLS Number: A11500325

MIAMI REALTORS® MLS

APN: 02-3214-031-1090

Florida Miami/Dade County Miami Beach 33140 Oceanfront

5875 Collins Ave Unit 1407, Miami Beach, FL

This home is located at 5875 Collins Ave Unit 1407, Miami Beach, FL 33140 since 19 December 2023 and is currently estimated at $1,857,878, approximately $1,404 per square foot. This property was built in 2008. 5875 Collins Ave Unit 1407 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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