NOT LISTED FOR SALE

MEi 5875 Collins Ave Unit 503 Miami Beach, FL 33140

Oceanfront Neighborhood

Estimated Value: $1,211,000 - $1,565,000

2 Beds
2.5 Baths
1,094 Sq Ft
2008 Built

Last Sold March 17, 2023

Last sale price $1,290,000 $1,179 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $9,402/month

Highlights

  • Valet Parking
  • Ocean Front
  • Heated In Ground Pool
  • North Beach Elementary School Rated A-
  • Fitness Center
  • Marble Flooring

About This Home

As of May 2023

The finest oceanfront boutique building, MEi Miami Beach. Located in a private and central area of Miami Beach, the MEi has a full-service beach, pool, spa, and white glove service around every corner. Residence 503 has a split floor plan and is one of the few condos with an oversized terrace spanning 41 feet with views of the ocean and a historic Bath Club. The MEi recently renovated its lobby and upgraded its amenities. The new furniture will be delivered by May 1, 2023. Not available for the winter season.

Last Agent to Rent the Property

Alex Algarin

Compass Florida, LLC. License #3271319 Listed on: 04/06/2023

Compass Florida, LLC.

Last Renter's Agent

Joseph Zichelle

Compass Florida, LLC. License #3011101

Compass Florida, LLC.

Condo Details

Home Type

  • Condominium

Est. Annual Taxes

  • $19,876

Year Built

  • Built in 2008

Lot Details

  • Ocean Front
  • North Facing Home

Parking

  • 1 Car Garage

Property Views

  • Garden

Home Design

  • Concrete Roof
  • Concrete Block And Stucco Construction

Interior Spaces

  • 1,094 Sq Ft Home
  • Furnished
  • Blinds
  • Marble Flooring
  • Door Monitored By TV

Kitchen

  • Built-In Self-Cleaning Oven
  • Electric Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet

Laundry

  • Dryer
  • Washer

Pool

  • Heated In Ground Pool
  • Spa

Outdoor Features

Utilities

  • Central Air
  • Electric Water Heater

Listing and Financial Details

  • Property Available on 5/1/23
  • Assessor Parcel Number 02-32-14-031-0390

Community Details

Overview

  • No Home Owners Association
  • High-Rise Condominium
  • Mei Condo
  • Mei Condo Subdivision

Amenities

  • Valet Parking
  • Full Time Lobby Attendant
  • Game Room
  • Community Center

Recreation

  • Community Spa

Pet Policy

  • No Pets Allowed

Security

  • Resident Manager or Management On Site
  • Card or Code Access
  • High Impact Door

Condo Details

Home Type

Condominium

Est. Annual Taxes

$19,876

Year Built

Built in 2008

Lot Details

0

Parking

1

Rental Info

  • Pets Allowed: No
  • Available Date: 2023-05-01

Listing Details

  • Property Type: Residential Lease
  • Year Built: 2008
  • Property Sub Type: Condominium
  • Architectural Style: First Floor Entry, High Rise
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: None
  • New Construction: No
  • Structure Type: Condo/Co-Op/Annual, Condo
  • Subdivision Name: MEI CONDO
  • MIAMIRE_PoolYN: Yes
  • MIAMIRE_PetsAllowedYN: No
  • ResoPropertyType: ResidentialLease
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Electric Water Heater, Ice Maker, Microwave, Electric Range, Refrigerator, Self Cleaning Oven, Wall Oven, Washer
  • Interior Amenities: First Floor Entry, Pantry, Split Bedroom, Walk-In Closet(s)
  • Spa Yn: Yes
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Door Features: High Impact Doors
  • Flooring: Marble
  • Furnished: Furnished
  • Living Area: 1094
  • Spa Features: Community
  • Window Features: Blinds
  • Bedroom Features: Entry Level

Exterior Features

  • Roof: Concrete
  • View: Garden, Ocean
  • Exterior Features: Open Balcony
  • Construction Type: CBS Construction
  • Direction Faces: North
  • Patio And Porch Features: Open Balcony
  • Pool Features: In Ground, Heated, Hot Tub
  • Pool Private: No
  • View: Yes
  • Waterfront Features: Ocean Front
  • Waterfront: Yes

Garage/Parking

  • Park Building Name: MEI CONDO
  • Covered Parking Spaces: 1
  • Garage Spaces: 1
  • Parking Features: 1 Space, 2 Spaces, Valet

Utilities

  • Sewer: Sewer
  • Water Source: Municipal Water
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Security: Key Card Entry, Lobby Attended, TV Monitor

Condo/Co-op/Association

  • Amenities: Activity Room, Community Pool, Exercise Room, Management On Site, Sauna, Spa/Hot Tub
  • Association: No
  • Community Features: Pool, Exercise Room, Game Room, Management On Site, Sauna, Spa/Hot Tub

Lot Info

  • Parcel Number: 02-32-14-031-0390
  • Land Lease Amount Frequency: Monthly
  • Zoning: 4100
  • ResoLotSizeUnits: SquareFeet

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 30, 2022
Closed on
Mar 17, 2023
Sold by
Wilmington Nicole Gouveia
Bought by
Dana D Frost Declaration Of Trust
Seller's Agent
Haley Alonso
Engel & Völkers Miami
Buyer's Agent
Alex Algarin
Compass Florida, LLC
List Price
$1,395,000
Sold Price
$1,290,000
Premium/Discount to List
-$105,000
-7.53%
Views
35
Current Estimated Value
$1,414,853

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$124,853
Avg. Annual Appreciation
2.08%

Purchase Details

Listed on
Sep 25, 2022
Closed on
Oct 31, 2022
Sold by
One World Llc
Bought by
Gouveia Wilmington Nicole
Seller's Agent
Angela Maria Camacho
One Sotheby's International Realty
Buyer's Agent
Inga Accarpio
Inquest Realty Corp
List Price
$1,250,000
Sold Price
$1,200,000
Premium/Discount to List
-$50,000
-4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
20.96%

Purchase Details

Listed on
May 4, 2021
Closed on
Aug 9, 2021
Sold by
Mei 503 Llc
Bought by
One World Llc
Seller's Agent
Carlos Marco
Best Real Estate Plus
Buyer's Agent
Angela Maria Camacho
One Sotheby's International Realty
List Price
$850,000
Sold Price
$850,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
32.98%
Original Mortgage
$552,500
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 9, 2009
Sold by
Pmg Collins Llc
Bought by
Mei 503 Llc
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 Buyer Sale Price Title Company
Dana D Frost Declaration Of Trust $1,290,000 Coral Gables Title
Gouveia Wilmington Nicole $1,200,000 Trans-State Title
One World Llc $850,000 Worldwide Ttl & Re Svcs Llc
Mei 503 Llc $600,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner One World Llc $552,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/26/2023 05/26/23 Rented $6,500 -23.5% --
05/10/2023 05/10/23 Under Contract -- -- --
04/06/2023 04/06/23 For Rent $8,500 0.0% --
03/17/2023 03/17/23 Sold $1,290,000 -7.5% $1,179 / Sq Ft
02/28/2023 02/28/23 Pending -- -- --
12/30/2022 12/30/22 For Sale $1,395,000 +16.3% $1,275 / Sq Ft
10/31/2022 10/31/22 Sold $1,200,000 -4.0% $1,097 / Sq Ft
09/26/2022 09/26/22 Pending -- -- --
09/25/2022 09/25/22 For Sale $1,250,000 +47.1% $1,143 / Sq Ft
08/16/2021 08/16/21 Sold $850,000 0.0% $777 / Sq Ft
05/04/2021 05/04/21 For Sale $850,000 0.0% $777 / Sq Ft
10/10/2020 10/10/20 Rented $4,000 -11.1% --
08/19/2020 08/19/20 For Rent $4,500 +40.6% --
06/11/2018 06/11/18 Rented $3,200 0.0% --
06/09/2018 06/09/18 Under Contract -- -- --
05/29/2018 05/29/18 Price Changed $3,200 -30.4% $3 / Sq Ft
05/04/2018 05/04/18 For Rent $4,600 +12.2% --
05/01/2017 05/01/17 Rented $4,100 -2.4% --
03/06/2017 03/06/17 For Rent $4,200 +5.0% --
03/25/2016 03/25/16 Rented $4,000 -18.4% --
02/24/2016 02/24/16 Under Contract -- -- --
12/11/2015 12/11/15 For Rent $4,900 +8.9% --
08/07/2015 08/07/15 Rented $4,500 -6.3% --
07/08/2015 07/08/15 Under Contract -- -- --
05/11/2015 05/11/15 For Rent $4,800 +20.0% --
06/20/2013 06/20/13 Rented $4,000 -15.8% --
05/21/2013 05/21/13 Under Contract -- -- --
04/03/2013 04/03/13 For Rent $4,750 -- --
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 $19,876 $1,025,985 -- --
2024 $19,405 $1,057,717 -- --
2023 $19,405 $1,026,910 $0 $0
2022 $13,216 $703,362 $0 $0
2021 $10,693 $553,828 $0 $0
2020 $13,075 $675,400 $0 $0
2019 $11,974 $617,900 $0 $0
2018 $14,385 $764,990 $0 $0
2017 $14,568 $764,990 $0 $0
2016 $16,079 $787,272 $0 $0
2015 $15,542 $715,702 $0 $0
2014 $15,165 $650,639 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Alex Algarin

    Landlord's Agent in 2023

    Alex Algarin

    Compass Florida, LLC.

    (786) 295-7184

    5 in this area

    62 Total Sales

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  • Haley Alonso

    Seller's Agent in 2023

    Haley Alonso

    Engel & Völkers Miami

    (305) 992-4065

    1 in this area

    4 Total Sales

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  • Joseph Zichelle

    Tenant's Agent in 2023

    Joseph Zichelle

    Compass Florida, LLC.

    (310) 623-7017

    1 in this area

    27 Total Sales

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  • Angela Maria Camacho

    Seller's Agent in 2022

    Angela Maria Camacho

    One Sotheby's International Realty

    (786) 333-2979

    2 in this area

    4 Total Sales

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  • Inga Accarpio

    Buyer's Agent in 2022

    Inga Accarpio

    Inquest Realty Corp

    (305) 331-7982

    1 in this area

    48 Total Sales

    Section Image
  • Carlos Marco

    Seller's Agent in 2021

    Carlos Marco

    Best Real Estate Plus

    (786) 282-4300

    5 in this area

    35 Total Sales

    Section Image
See All Agents

About MEi

Map

Source: MIAMI REALTORS® MLS

MLS Number: A11365959

MIAMI REALTORS® MLS

APN: 02-3214-031-0390

Florida Miami/Dade County Miami Beach 33140 Oceanfront

5875 Collins Ave Unit 503, Miami Beach, FL

This home is located at 5875 Collins Ave Unit 503, Miami Beach, FL 33140 since 06 April 2023 and is currently priced at $1,355,744. This property was built in 2008. 5875 Collins Ave Unit 503 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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