NOT LISTED FOR SALE

MEi 5875 Collins Ave Unit 1801/2 Miami Beach, FL 33140

Oceanfront Neighborhood

Estimated Value: $5,947,052 - $6,187,000

4 Beds
4.5 Baths
3,182 Sq Ft
2008 Built

Last Sold March 10, 2015

Last sale price $5,100,000 $1,603 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $40,397/month

165 Days on Market

Highlights

  • Doorman
  • Ocean Front
  • Clubhouse
  • North Beach Elementary School Rated A-
  • Fitness Center
  • Marble Flooring

About This Home

As of March 2015

Magnificent 4 bed/4.5 bath residence in the tranquil and luxurious MEI. Exquisitely designed with smoked oak wood and botticino marble floors, sateen wenge stained oak ceiling, accent wallpaper by Elitis and Innovations, white onyx focal wall, sculptured foyer panels. Custom pendant lighting by Alison Berger Glassworks and Fortuny. Oceanside glass mosaic and crema mocha limestone in the master bath. Impeccable 3,182 sq.ft. home in the sky with a wrap-around terrace that is done to perfection.

Last Agent to Sell the Property

Chris Leavitt

MMLS Assoc.-Inactive Member License #3232586 Listed on: 09/10/2014

MMLS Assoc.-Inactive Member

Last Buyer's Agent

Chris Leavitt

MMLS Assoc.-Inactive Member License #3232586 Listed on: 09/10/2014

MMLS Assoc.-Inactive Member

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $12,181

Year Built

  • Built in 2008

Lot Details

  • Ocean Front
  • East Facing Home

Parking

  • Attached Garage

Home Design

  • Concrete Block And Stucco Construction

Interior Spaces

  • 3,182 Sq Ft Home
  • Furnished
  • Sliding Windows
  • Marble Flooring

Kitchen

  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet

Laundry

  • Dryer
  • Washer

Home Security

Outdoor Features

  • Property has ocean access

Additional Features

  • East of U.S. Route 1
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 02-32-14-031-0150

Community Details

Overview

  • Property has a Home Owners Association
  • Mei Condo
  • Mei Condo Subdivision
  • 22-Story Property

Amenities

  • Doorman
  • Valet Parking

Recreation

  • Community Spa

Pet Policy

  • Breed Restrictions

Building Details

  • Maintenance Expense $3,729

Security

  • Secure Elevator
  • Impact Glass
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$12,181

Year Built

Built in 2008

Lot Details

0

Listing Details

  • Property Type: Residential
  • Year Built: 2008
  • Property Sub Type: Condominium
  • Entry Level: 18
  • Garage Yn: No
  • Horses: No
  • Inclusions: Deeded Beach Access
  • Unit Levels: 0
  • 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, Microwave, Refrigerator, Washer
  • Interior Amenities: Walk-In Closet(s)
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Flooring: Marble
  • Furnished: Furnished
  • Living Area: 3182
  • Possible Use: Primary
  • Stories: 22
  • Window Features: Impact Glass, Sliding
  • Bedroom Features: Other

Exterior Features

  • View: Ocean View
  • Exterior Features: East Of Us1, Open Balcony
  • Construction Type: CBS Construction
  • Direction Faces: East
  • Patio And Porch Features: Open Balcony
  • Pool Private: No
  • View: Yes
  • Waterfront Features: Ocean Access, Ocean Front
  • Waterfront: Yes

Garage/Parking

  • Attached Garage: Yes
  • Park Building Name: MEI Condo
  • Parking Features: Valet

Utilities

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

Condo/Co-op/Association

  • Amenities: Clubhouse-Clubroom, Elevator(s), Exercise Room, Heated Pool, Sauna, Spa/Hot Tub
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Lot Info

  • Parcel Number: 02-32-14-031-0150
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Restrictions Or Possible Restrictions

Multi Family

  • Maintenance Expense: 3729

Tax Info

  • Tax Year: 2013
  • Tax Annual Amount: 12181

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 1, 2021
Sold by
Albert Lawrence and Albert Cameron
Bought by
Joseph Maria V and Joseph P
Total Days on Market
165
Current Estimated Value
$6,070,351

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,754,500
Outstanding Balance
$2,526,212
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$3,544,139

Purchase Details

Listed on
Sep 10, 2014
Closed on
Feb 27, 2015
Sold by
Schrager Randall
Bought by
Albert Lawrence and Cameron Kim
Seller's Agent
Chris Leavitt
MMLS Assoc.-Inactive Member
Buyer's Agent
Chris Leavitt
MMLS Assoc.-Inactive Member
List Price
$7,500,000
Sold Price
$5,100,000
Premium/Discount to List
-$2,400,000
-32%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.72%

Purchase Details

Closed on
Jun 23, 2014
Sold by
Schrager Randall and Schrager Jill
Bought by
Schrager Randall

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,650,000
Interest Rate
2.87%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jun 26, 2009
Sold by
Pmg Collins Llc
Bought by
Schrager Randall and Schrager Jill

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
5.87%
Mortgage Type
Seller Take Back
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
Joseph Maria V $5,000,000 Attorney
Albert Lawrence $2,550,000 Clear Title Group Llc
Schrager Randall -- None Available
Schrager Randall $850,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Joseph Maria V $2,754,500
Previous Owner Schrager Randall $1,650,000
Previous Owner Schrager Randall $250,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/10/2015 03/10/15 Sold $5,100,000 -21.5% $1,603 / Sq Ft
02/23/2015 02/23/15 Pending -- -- --
12/15/2014 12/15/14 Price Changed $6,500,000 -13.3% $2,043 / Sq Ft
09/10/2014 09/10/14 For Sale $7,500,000 -- $2,357 / 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 $77,019 $4,483,391 -- --
2023 $77,019 $4,075,810 $0 $0
2022 $76,582 $4,075,814 $0 $0
2021 $59,590 $3,127,176 $0 $0
2020 $58,915 $3,084,000 $0 $0
2019 $62,138 $3,247,343 $0 $0
2018 $63,664 $3,426,660 $0 $0
2017 $64,477 $3,426,660 $0 $0
2016 $65,773 $3,426,660 $0 $0
2015 $21,362 $1,078,205 $0 $0
2014 $16,731 $658,901 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Chris Leavitt

    Seller's Agent in 2015

    Chris Leavitt

    MMLS Assoc.-Inactive Member

    (616) 414-2810

    222 Total Sales

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About MEi

Map

Source: MIAMI REALTORS® MLS

MLS Number: A2003663

MIAMI REALTORS® MLS

APN: 02-3214-031-0150

Florida Miami/Dade County Miami Beach 33140 Oceanfront

5875 Collins Ave Unit 1801/2, Miami Beach, FL

This home is located at 5875 Collins Ave Unit 1801/2, Miami Beach, FL 33140 since 10 September 2014 and is currently estimated at $6,070,351, approximately $1,907 per square foot. This property was built in 2008. 5875 Collins Ave Unit 1801/2 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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