$3,850,000
SOLD APR 11, 2023

MEi 5875 Collins Ave Unit 2102 Miami Beach, FL 33140

Oceanfront Neighborhood
3 Beds
3.5 Baths
1,725 Sq Ft
2008 Built

Recently Sold

$2,232 Per Sq Ft

4% Below List Price

8 Days on Market

Highlights

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

About This Home

As of April 2023

Rarely available SE corner located on the upper floors with clearing direct ocean views and incredible sunsets backlit by the downtown skyline. This immaculate residence has been completely remodeled and is finished and outfitted with the finest appointments and details including automation controls for lighting and shades. Luxury furnishings included, ready for move-in. Generous outdoor space with a corner wrap-around terrace. Perfectly located within Miami Beach, Mei is an exclusive building with a limited number of residences and phenomenal amenities and services.

Last Agent to Sell the Property

Ryan Mendell

Maxwell E Realty Inc License #3012816 Listed on: 02/23/2023

Last Buyer's Agent

Ryan Mendell

Maxwell E Realty Inc License #3012816 Listed on: 02/23/2023

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $32,434

Year Built

  • Built in 2008

Lot Details

  • Ocean Front
  • East Facing Home

Parking

  • 2 Car Garage

Property Views

Home Design

  • Entry on the 21st floor

Interior Spaces

  • 1,725 Sq Ft Home
  • Furnished
  • Built-In Features
  • Marble Flooring
  • Dryer

Kitchen

  • Built-In Oven
  • Electric Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Cooking Island
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Closet Cabinetry
  • Walk-In Closet
  • Dual Sinks
  • Separate Shower in Primary Bathroom

Home Security

Additional Features

  • Accessible Elevator Installed
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 02-32-14-031-0370

Community Details

Overview

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

Amenities

  • Valet Parking
  • Bike Room

Recreation

  • Private Beach Pavilion
  • Community Spa

Pet Policy

  • Breed Restrictions

Building Details

  • Maintenance Expense $3,419

Security

  • High Impact Door
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$32,434

Year Built

Built in 2008

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 2008
  • Property Sub Type: Condominium
  • Architectural Style: Corner Unit, High Rise
  • Entry Level: 21
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: Deeded Beach Access
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Co-Op 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, Ice Maker, Microwave, Electric Range, Refrigerator, Wall Oven
  • Interior Amenities: Built-in Features, Closet Cabinetry, Cooking Island, Elevator, Other, Walk-In Closet(s)
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Door Features: High Impact Doors
  • Flooring: Marble
  • Furnished: Furnished
  • Living Area: 1725
  • Other Equipment: Elevator
  • Possible Use: Unknown/Withheld
  • Stories: 22
  • Bedroom Features: Entry Level
  • Master Bathroom Features: Dual Sinks, Separate Tub & Shower

Exterior Features

  • View: Bay, Intracoastal View, Direct Ocean, Skyline
  • Exterior Features: Open Balcony
  • Direction Faces: East
  • Patio And Porch Features: Open Balcony
  • Pool Private: Yes
  • 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, Valet

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Security: Smoke Detector, Other

Condo/Co-op/Association

  • Amenities: Bike Storage, Exercise Room, Private Beach Pavilion, Private Pool, Spa/Hot Tub
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Lot Info

  • Parcel Number: 02-32-14-031-0370
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Restrictions Or Possible Restrictions

Multi Family

  • Maintenance Expense: 3419

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 32434

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 23, 2023
Closed on
Apr 10, 2023
Sold by
Sanjay S Mirchandani Revocable Trust
Bought by
Nichol Doherty Family Living Trust
Seller's Agent
Ryan Mendell
Maxwell E Realty Inc
Buyer's Agent
Ryan Mendell
Maxwell E Realty Inc
List Price
$3,995,000
Sold Price
$3,850,000
Premium/Discount to List
-$145,000
-3.63%
Views
42
Current Estimated Value
$3,191,434

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$658,566
Avg. Annual Appreciation
-4.50%

Purchase Details

Listed on
Apr 7, 2021
Closed on
May 20, 2021
Sold by
Mei 2102 Llc
Bought by
Mirchandani Sanjay S and The Sanjay S Mirchandani Revoc
Seller's Agent
David Siddons
Douglas Elliman
Buyer's Agent
Ryan Mendell
Maxwell E Realty Inc
List Price
$3,000,000
Sold Price
$2,600,000
Premium/Discount to List
-$400,000
-13.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
22.95%
Original Mortgage
$1,820,000
Interest Rate
2.25%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 22, 2015
Closed on
Jun 4, 2015
Sold by
Tomas Rodrigo Martin and Tomas Christine
Bought by
Mei 2102 Llc
Seller's Agent
Luis Felipe Vieira De Souza
Compass Florida, LLC
Buyer's Agent
Ofir Agay
DCH Real Estate
List Price
$3,100,000
Sold Price
$2,872,000
Premium/Discount to List
-$228,000
-7.35%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-1.66%

Purchase Details

Closed on
Apr 24, 2009
Sold by
Pmg Collins Llc
Bought by
Tomas Rodrigo Martin and Tomas Christine
Source: Public Records

Range of Values:

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Average Value
Not Available
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 Type Sale Price Title Company
Warranty Deed $3,850,000 None Listed On Document
Warranty Deed $2,600,000 Ewf Info Title Llc
Warranty Deed $2,872,000 Attorney
Special Warranty Deed $1,130,000 Attorney
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $1,820,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/11/2023 04/11/23 Sold $3,850,000 -3.6% $2,232 / Sq Ft
03/04/2023 03/04/23 Pending -- -- --
02/23/2023 02/23/23 For Sale $3,995,000 +53.7% $2,316 / Sq Ft
05/18/2021 05/18/21 Sold $2,600,000 -13.3% $1,507 / Sq Ft
04/07/2021 04/07/21 For Sale $3,000,000 +4.5% $1,739 / Sq Ft
06/15/2015 06/15/15 Sold $2,872,000 -7.4% $1,591 / Sq Ft
05/27/2015 05/27/15 Pending -- -- --
01/22/2015 01/22/15 For Sale $3,100,000 -- $1,717 / 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 $56,724 $2,928,084 -- --
2024 $41,886 $3,018,643 -- --
2023 $41,886 $1,898,845 $0 $0
2022 $32,435 $1,726,223 $0 $0
2021 $28,487 $1,475,404 $0 $0
2020 $31,047 $1,603,700 $0 $0
2019 $32,712 $1,688,059 $0 $0
2018 $39,679 $2,110,129 $0 $0
2017 $42,299 $2,221,219 $0 $0
2016 $43,146 $2,221,219 $0 $0
2015 $29,471 $1,029,736 $0 $0
2014 -- $936,124 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Ryan Mendell

    Seller's Agent in 2023

    Ryan Mendell

    Maxwell E Realty Inc

    (305) 804-5424

    5 in this area

    80 Total Sales

    Ryan Mendell
    Section Image

  • N

    Buyer Co-Listing Agent in 2023

    Nastasia Stierli

    Maxwell E Realty Inc

    (305) 830-1000

    2 in this area

    5 Total Sales

    Nastasia Stierli
    Section Image
  • David Siddons

    Seller's Agent in 2021

    David Siddons

    Douglas Elliman

    (305) 508-0899

    6 in this area

    197 Total Sales

    David Siddons
    Section Image
  • Stefania Cambarau

    Seller Co-Listing Agent in 2021

    Stefania Cambarau

    Douglas Elliman

    (305) 965-1232

    6 in this area

    44 Total Sales

    Stefania Cambarau
    Section Image

  • O

    Buyer's Agent in 2015

    Ofir Agay

    DCH Real Estate

    Section Image
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About MEi

Map

Source: MIAMI REALTORS® MLS

MLS Number: A11347429

MIAMI REALTORS® MLS

APN: 02-3214-031-0370

Florida Miami/Dade County Miami Beach 33140 Oceanfront

5875 Collins Ave Unit 2102, Miami Beach, FL

This home is located at 5875 Collins Ave Unit 2102, Miami Beach, FL 33140 and is currently priced at $3,850,000, approximately $2,231 per square foot. This property was built in 2008. 5875 Collins Ave Unit 2102 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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