$2,872,000
SOLD JUN 15, 2015

MEi 5875 Collins Ave Unit 2102 Miami Beach, FL 33140

Oceanfront Neighborhood
3 Beds
3.5 Baths
1,805 Sq Ft
$2,144/mo HOA Fee

Recently Sold

$1,591 Per Sq Ft

7% Below List Price

124 Days on Market

Highlights

  • Doorman
  • Ocean Front
  • Two Primary Bathrooms
  • North Beach Elementary School Rated A-
  • Fitness Center
  • Marble Flooring

About This Home

As of April 2023

Rarely available 3/3.5 SE corner with direct, unobstructed ocean views at Mei. Top of the line finishes, including limestone floors throughout, Control 4 Home Automation, powered window treatment, Ornare closets, upgraded doors, full size W/D. Unit has hu ge 774 sq.ft. wrap around balcony. Mei is a full service, resort style, ocean front building in Miami Beach.

Last Agent to Sell the Property

Luis Felipe Vieira De Souza

Compass Florida, LLC. License #3018695 Listed on: 01/22/2015

Compass Florida, LLC.

Last Buyer's Agent

Ofir Agay

DCH Real Estate License #3194652

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $17,307

Year Built

  • Built in 2008

Lot Details

  • Ocean Front
  • Southeast Facing Home

HOA Fees

  • $2,144 Monthly HOA Fees

Parking

  • 1 Car Attached Garage

Home Design

  • Concrete Block And Stucco Construction

Interior Spaces

  • 1,805 Sq Ft Home
  • Entrance Foyer
  • Marble Flooring

Kitchen

  • Electric Range
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Main Floor Bedroom
  • Closet Cabinetry
  • Walk-In Closet
  • Two Primary Bathrooms
  • Bidet

Laundry

  • Dryer
  • Washer

Home Security

Additional Features

  • Property has ocean access
  • Central Heating and Cooling System

Listing and Financial Details

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

Community Details

Overview

  • High-Rise Condominium
  • Mei Condominium Condos
  • Mei Condominium Subdivision
  • 134-Story Property

Amenities

  • Doorman
  • Valet Parking

Recreation

Pet Policy

  • Breed Restrictions

Building Details

Security

  • Card or Code Access
  • Secure Elevator
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$17,307

Year Built

Built in 2008

Lot Details

0

HOA Fees

$2,144 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Year Built: 2008
  • Property Sub Type: Condominium
  • Architectural Style: Corner Unit, High Rise
  • Directions: COLLINS AVENUE AND 58 STREET.
  • Entry Level: 134
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: Other
  • Unit Levels: 0
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Condo 5+ Stories, Condo
  • Subdivision Name: MEI Condominium
  • Year Built Details: Resale
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Dryer, Electric Range, Refrigerator, Washer
  • Interior Amenities: Lobby, First Floor Entry, Closet Cabinetry, Entrance Foyer, Walk-In Closet(s)
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Entry Location: Foyer
  • Flooring: Marble
  • Furnished: Unfurnished
  • Living Area: 1805
  • Possible Use: Unknown/Withheld
  • Stories: 134
  • Window Features: Other Windows
  • Bedroom Features: At Least 1 Bedroom Ground Level
  • Master Bathroom Features: 2 Primary Bathrooms, Bidet

Exterior Features

  • View: Ocean View, Direct Ocean, Other View
  • Exterior Features: Other
  • Construction Type: CBS Construction
  • Direction Faces: Southeast
  • Pool Private: No
  • View: Yes
  • Waterfront Features: Ocean Access, Ocean Front, Waterfront
  • Waterfront: Yes

Garage/Parking

  • Attached Garage: Yes
  • Park Building Name: MEI Condominium
  • Covered Parking Spaces: 1
  • Garage Spaces: 1
  • Parking Features: 1 Space, Valet, Limited # Of Vehicle

Utilities

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

Condo/Co-op/Association

  • Association Fee: 2144
  • Amenities: Elevator(s), Exercise Room, Exterior Lighting, Other, Pool
  • 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: 2144

Tax Info

  • Tax Year: 2014
  • Tax Annual Amount: 17307

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%
Total Days on Market
124
Views
42
Current Estimated Value
$3,583,378

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$266,622
Avg. Annual Appreciation
-3.30%

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

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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 $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
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

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A2061672

MIAMI REALTORS® MLS

APN: 02-3214-031-0370