MEi 5875 Collins Ave Unit 503 Miami Beach, FL 33140
Oceanfront Neighborhood
2
Beds
2.5
Baths
1,094
Sq Ft
$2,218/mo
HOA Fee
Highlights
- Doorman
- Ocean Front
- Bar or Lounge
- North Beach Elementary School Rated A-
- Community Cabanas
- Fitness Center
About This Home
As of March 2023This stunning waterfront unit has floor to ceiling windows leading out onto a 1,000+ sf private terrace, filling the unit with natural light and making it feel very spacious. Enjoy 2 bedrooms, each with their own bathroom plus an additional half bathroom. The primary bedroom features a walk-in closet. The water heater was recently replaced with a tankless heater, opening up additional closet space. The unit has in-unit laundry tucked away in a discreet closet. The Mei has recently renovated to keep up with its superior standards. The building has a relaxed, zen feel and truly feels like you're at a 5-star resort. The gorgeous pool and garden area opens up onto the Miami Beach boardwalk, giving you direct beach access. Enjoy exceptional, beachfront resort living with a huge private terrace.
Last Agent to Sell the Property
Engel & Völkers Miami License #3521840 Listed on: 12/30/2022
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $13,216
Year Built
- Built in 2008 | Newly Remodeled
HOA Fees
- $2,218 Monthly HOA Fees
Parking
- 2 Car Garage
- Guest Parking
Property Views
- Tennis Court
Home Design
- Garden Apartment
- Cluster Home
Interior Spaces
- 1,094 Sq Ft Home
- Family or Dining Combination
- Marble Flooring
Kitchen
- Electric Range
- Microwave
- Dishwasher
Bedrooms and Bathrooms
- 2 Bedrooms
- Walk-In Closet
- Dual Sinks
- Jetted Tub and Shower Combination in Primary Bathroom
- Bathtub
Laundry
- Dryer
- Washer
Home Security
Outdoor Features
- Property has ocean access
- Deck
Schools
- North Beach Elementary School
- Nautilus Middle School
- Miami Beach High School
Additional Features
- Ocean Front
- Central Heating and Cooling System
Listing and Financial Details
- Assessor Parcel Number 02-32-14-031-0390
Community Details
Overview
- Mei Condominium Condos
- Mei Condo Subdivision
- 23-Story Property
Amenities
- Doorman
- Valet Parking
- Community Center
- Party Room
- Community Library
- Bar or Lounge
- Elevator
Recreation
- Community Cabanas
- Bike Trail
Pet Policy
- Breed Restrictions
Security
- Secure Elevator
- High Impact Windows
- High Impact Door
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
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$65,744
Avg. Annual Appreciation
4.19%
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
Similar Homes in Miami Beach, FL
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The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $1,290,000 | Coral Gables Title | |
| Warranty Deed | $1,200,000 | Trans-State Title | |
| Warranty Deed | $850,000 | Worldwide Ttl & Re Svcs Llc | |
| Special Warranty Deed | $600,000 | Attorney |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $552,500 | New Conventional |
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
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
-
Seller's Agent in 2023
Alex Algarin
Compass Florida, LLC.
(786) 295-7184
5 in this area
62 Total Sales
-
Seller's Agent in 2023
Haley Alonso
Engel & Völkers Miami
(305) 992-4065
1 in this area
4 Total Sales
-
Buyer's Agent in 2023
Joseph Zichelle
Compass Florida, LLC.
(310) 623-7017
1 in this area
28 Total Sales
-
Seller's Agent in 2022
Angela Maria Camacho
One Sotheby's International Realty
(786) 333-2979
2 in this area
4 Total Sales
-
Buyer's Agent in 2022
Inga Accarpio
Inquest Realty Corp
(305) 331-7982
1 in this area
49 Total Sales
-
Seller's Agent in 2021
Carlos Marco
Best Real Estate Plus
(786) 282-4300
5 in this area
36 Total Sales
About MEi
Map
Source: MIAMI REALTORS® MLS
MLS Number: A11320124
APN: 02-3214-031-0390
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