NOT LISTED FOR SALE

MEi 5875 Collins Ave Unit 1604 Miami Beach, FL 33140

Oceanfront Neighborhood

Estimated Value: $842,000 - $988,000

1 Bed
1.5 Baths
778 Sq Ft
$1,430/mo HOA Fee

Last Sold May 23, 2022

Last sale price $860,000 $1,105 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $7,296/month

39 Days on Market

Highlights

  • Valet Parking
  • Ocean View
  • Marble Flooring
  • North Beach Elementary School Rated A-
  • Fitness Center
  • Community Pool

About This Home

As of May 2022

This renovated 1 bed/1.5 bath unit offers floor-to-ceiling glass perfectly framing ocean and downtown Miami skyline views. Sleek, white interior. Sought after line has direct ocean and downtown Miami skyline views, perfect for watching sunrises and sunsets. The Asian influenced boutique style, luxury building on Miami Beach’s Millionaire’s Row provides sophistication, tranquility, and a modern feel. Its amenities include spa, gym, 3 swimming pools, yoga room, Zen library, full beach service, valet, and concierge. Unit #1602 for sale next door provides the unique opportunity to combine 2 oceanfront units to create a custom residence.

Last Agent to Sell the Property

Alyssa Brinegar Morgan

The Inside Network License #3302039 Listed on: 04/13/2022

Co-Listed By

Brittany Herman

Douglas Elliman License #3501406

Last Buyer's Agent

Joseph Schafer

Douglas Elliman License #3087675

Douglas Elliman

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $7,524

Year Built

  • Built in 2008

HOA Fees

  • $1,430 Monthly HOA Fees

Property Views

Home Design

  • Concrete Block And Stucco Construction

Interior Spaces

  • 778 Sq Ft Home
  • Marble Flooring

Kitchen

  • Self-Cleaning Oven
  • Microwave
  • Ice Maker
  • Dishwasher

Bedrooms and Bathrooms

  • 1 Bedroom

Laundry

  • Dryer
  • Washer

Parking

  • Covered Parking
  • Open Parking

Utilities

  • Cooling Available
  • Heating Available
  • Electric Water Heater

Additional Features

  • East of U.S. Route 1

Listing and Financial Details

  • Assessor Parcel Number 02-32-14-031-0660

Community Details

Overview

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

Amenities

  • Valet Parking
  • Secure Lobby

Recreation

  • Community Spa

Pet Policy

  • Breed Restrictions

Security

  • Security Guard
  • Secure Elevator

Property Details

Home Type

Condominium

Est. Annual Taxes

$7,524

Year Built

Built in 2008

Lot Details

0

HOA Fees

$1,430 per month

Listing Details

  • Property Type: Residential
  • Year Built: 2008
  • Property Sub Type: Condominium
  • Architectural Style: High Rise
  • Co List Office Mls Id: OSIR01
  • Co List Office Phone: 305-666-0562
  • Entry Level: 16
  • Garage Yn: No
  • Horses: No
  • 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, Dryer, Electric Water Heater, Ice Maker, Microwave, Refrigerator, Self Cleaning Oven, Washer
  • Interior Amenities: Other
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 1
  • Flooring: Marble
  • Furnished: Unfurnished
  • Living Area: 778
  • Possible Use: Unknown/Withheld
  • Stories: 23
  • Bedroom Features: Entry Level

Exterior Features

  • View: Ocean View, Skyline, Water View
  • Exterior Features: East Of Us1, Open Balcony
  • Construction Type: CBS Construction
  • Patio And Porch Features: Open Balcony
  • Pool Private: No
  • View: Yes
  • Waterfront: No

Garage/Parking

  • Park Building Name: MEI Condo
  • Open Parking: Yes
  • Parking Features: Covered, Open, Valet

Utilities

  • Cooling: Electric
  • Cooling Y N: Yes
  • Heating: Electric
  • Heating Yn: Yes
  • Security: Elevator Secure, Guard At Site, Lobby Secured

Condo/Co-op/Association

  • Association Fee: 1430
  • Amenities: Elevator(s), Exercise Room, Pool, Spa/Hot Tub
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Lot Info

  • Parcel Number: 02-32-14-031-0660
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Restrictions Or Possible Restrictions

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 7524

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 13, 2022
Closed on
May 20, 2022
Sold by
Dgwg 3030 Llc
Bought by
Mei Holdings 1702 Llc
Seller's Agent
Alyssa Brinegar Morgan
The Inside Network
Buyer's Agent
Joseph Schafer
Douglas Elliman
List Price
$850,000
Sold Price
$860,000
Premium/Discount to List
$10,000
1.18%
Total Days on Market
39
Current Estimated Value
$912,874

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$52,874
Avg. Annual Appreciation
2.00%

Purchase Details

Listed on
Dec 19, 2021
Closed on
Feb 1, 2022
Sold by
Molfetto Ida S
Bought by
Dgwg 3030 Llc
Seller's Agent
Carlos Marco
Best Real Estate Plus
Buyer's Agent
Carlos Marco
Best Real Estate Plus
List Price
$790,000
Sold Price
$770,000
Premium/Discount to List
-$20,000
-2.53%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
44.55%

Purchase Details

Closed on
Mar 5, 2021
Sold by
Molfetto Ida S
Bought by
Molfetto Ida S and Gardier Clint

Purchase Details

Listed on
Oct 11, 2014
Closed on
Jan 23, 2015
Sold by
Okole Sammy M
Bought by
Molfetto Ida S
Seller's Agent
Lisa Fox
Coldwell Banker Realty
Buyer's Agent
Carlos Marco
Best Real Estate Plus
List Price
$699,000
Sold Price
$640,000
Premium/Discount to List
-$59,000
-8.44%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.49%
Original Mortgage
$417,000
Interest Rate
3.88%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 16, 2008
Sold by
Pmg Collins Llc
Bought by
Okole Sammy M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$675,000
Interest Rate
6%
Mortgage Type
Unknown
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 Buyer Sale Price Title Company
Mei Holdings 1702 Llc $860,000 Nexterra Law
Dgwg 3030 Llc $770,000 Empire Title
Molfetto Ida S -- Attorney
Molfetto Ida S $640,000 Attorney
Okole Sammy M $975,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Molfetto Ida S $417,000
Previous Owner Okole Sammy M $675,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/23/2022 05/23/22 Sold $860,000 +1.2% $1,105 / Sq Ft
04/13/2022 04/13/22 For Sale $850,000 +10.4% $1,093 / Sq Ft
02/01/2022 02/01/22 Sold $770,000 -2.5% $990 / Sq Ft
01/24/2022 01/24/22 Pending -- -- --
12/19/2021 12/19/21 For Sale $790,000 0.0% $1,015 / Sq Ft
11/20/2019 11/20/19 Rented $2,650 -14.5% --
09/13/2019 09/13/19 Price Changed $3,100 -11.4% $4 / Sq Ft
05/31/2019 05/31/19 For Rent $3,500 0.0% --
08/25/2017 08/25/17 Rented $3,500 -2.8% --
07/06/2017 07/06/17 For Rent $3,600 0.0% --
01/23/2015 01/23/15 Sold $640,000 -5.2% $823 / Sq Ft
12/20/2014 12/20/14 Pending -- -- --
10/31/2014 10/31/14 Price Changed $675,000 -3.4% $868 / Sq Ft
10/10/2014 10/10/14 For Sale $699,000 -- $898 / 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 $12,251 $680,746 -- --
2023 $12,251 $648,330 $0 $0
2022 $7,614 $405,248 $0 $0
2021 $7,524 $389,662 $0 $0
2020 $8,290 $428,200 $0 $0
2019 $10,537 $543,767 $0 $0
2018 $10,225 $543,767 $0 $0
2017 $10,955 $558,485 $0 $0
2016 $9,862 $507,714 $0 $0
2015 $9,218 $438,809 $0 $0
2014 $8,972 $398,918 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Alyssa Brinegar Morgan

    Seller's Agent in 2022

    Alyssa Brinegar Morgan

    The Inside Network

    (305) 804-2921

    5 in this area

    41 Total Sales

    Alyssa Brinegar Morgan
    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

  • B

    Seller Co-Listing Agent in 2022

    Brittany Herman

    Douglas Elliman

    (310) 724-7000

    1 in this area

    4 Total Sales

    Brittany Herman
    Section Image
  • Joseph Schafer

    Buyer's Agent in 2022

    Joseph Schafer

    Douglas Elliman

    (305) 695-6300

    3 in this area

    73 Total Sales

    Joseph Schafer
    Section Image
  • Dina Goldentayer

    Buyer Co-Listing Agent in 2022

    Dina Goldentayer

    Douglas Elliman

    (305) 695-6300

    4 in this area

    222 Total Sales

    Dina Goldentayer
    Section Image
  • Dale Hamel

    Buyer's Agent in 2019

    Dale Hamel

    BHHS EWM Realty

    (305) 606-6696

    4 in this area

    17 Total Sales

    Dale Hamel
    Section Image
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About MEi

Map

Source: MIAMI REALTORS® MLS

MLS Number: A11188767

MIAMI REALTORS® MLS

APN: 02-3214-031-0660

Florida Miami/Dade County Miami Beach 33140 Oceanfront

5875 Collins Ave Unit 1604, Miami Beach, FL

This home is located at 5875 Collins Ave Unit 1604, Miami Beach, FL 33140 since 13 April 2022 and is currently estimated at $912,874, approximately $1,173 per square foot. This property was built in 2008. 5875 Collins Ave Unit 1604 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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