$1,500,000
SOLD APR 24, 2025

MEi 5875 Collins Ave Unit 507 Miami Beach, FL 33140

Oceanfront Neighborhood
2 Beds
2.5 Baths
1,323 Sq Ft
$2,989/mo HOA Fee

Recently Sold

$1,134 Per Sq Ft

19% Below List Price

204 Days on Market

Highlights

  • Ocean Front
  • Community Cabanas
  • Fitness Center
  • North Beach Elementary School Rated A-
  • Private Beach Pavilion
  • Breakfast Area or Nook

About This Home

As of April 2025

Enjoy this rarely available corner Lanai unit at the boutique MEi Miami Beach. This stunning 2 bed, 2.5 bath residence includes an expansive 1500 sqft terrace. Ideal for entertaining and sunrise and sunset views. The second bedroom features a murphy bed. The MEi is a boutique condominium with 134 residences, offering 5-star service, valet parking, beach access + service, a state-of-the-art pool, fitness center, library, steam room, spa, and more.

Last Agent to Sell the Property

Liora Rahimi

Douglas Elliman License #3373957 Listed on: 10/02/2024

Douglas Elliman

Last Buyer's Agent

Claudia Castano

Miller Eaton LLC License #3371700

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $22,238

Year Built

  • Built in 2008

Lot Details

  • Ocean Front

HOA Fees

  • $2,989 Monthly HOA Fees

Parking

  • 2 Car Garage

Property Views

  • Garden

Home Design

  • Entry on the 5th floor

Interior Spaces

  • 1,323 Sq Ft Home
  • Built-In Features
  • Washer

Kitchen

  • Breakfast Area or Nook
  • Built-In Oven
  • Electric Range
  • Microwave
  • Dishwasher
  • Cooking Island

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Split Bedroom Floorplan
  • Dual Sinks
  • Separate Shower in Primary Bathroom

Home Security

Outdoor Features

  • Outdoor Grill

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 02-32-14-031-1010

Community Details

Overview

  • Mei Condos
  • Mei Condo Subdivision
  • 22-Story Property

Amenities

  • Community Library
  • Secure Lobby

Recreation

  • Private Beach Pavilion
  • Community Cabanas
  • Community Spa

Pet Policy

  • Breed Restrictions

Security

  • Secure Elevator
  • High Impact Door

Property Details

Home Type

Condominium

Est. Annual Taxes

$22,238

Year Built

Built in 2008

Lot Details

0

HOA Fees

$2,989 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 2008
  • Property Sub Type: Condominium
  • Architectural Style: Corner Unit
  • Entry Level: 5
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: Deeded Beach Access
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Condo 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, Electric Water Heater, Microwave, Electric Range, Refrigerator, Wall Oven, Washer
  • Interior Amenities: Built-in Features, Cooking Island, Split Bedroom
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Door Features: High Impact Doors
  • Flooring: Other
  • Furnished: Unfurnished
  • Living Area: 1323
  • Possible Use: Unknown/Withheld
  • Stories: 22
  • Bedroom Features: Entry Level
  • Dining Room Features: Breakfast Area
  • Master Bathroom Features: Dual Sinks, Separate Tub & Shower

Exterior Features

  • View: Garden View, Intracoastal View, Ocean View, Other View, Water View
  • Exterior Features: Other, Barbeque, Open Balcony
  • Construction Type: Concrete Block Construction
  • Patio And Porch Features: Open Balcony
  • Pool Private: No
  • View: Yes
  • Waterfront Features: Ocean Front
  • Waterfront: Yes

Garage/Parking

  • Park Building Name: MEI
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Parking Features: 2 Or More Spaces

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Security: Elevator Secure, Lobby Secured, Other

Condo/Co-op/Association

  • Association Fee: 2989
  • Amenities: Cabana, Elevator(s), Exercise Room, Heated Pool, Library, Other, Pool, Private Beach Pavilion, Spa/Hot Tub
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Lot Info

  • Parcel Number: 02-32-14-031-1010
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Restrictions Or Possible Restrictions

Tax Info

  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 2, 2024
Closed on
Apr 21, 2025
Sold by
Cass Marjorie and Mckeown Kirk
Bought by
One World Llc
Seller's Agent
Liora Rahimi
Douglas Elliman
Buyer's Agent
Claudia Castano
Miller Eaton LLC
List Price
$1,850,000
Sold Price
$1,500,000
Premium/Discount to List
-$350,000
-18.92%
Views
55
Current Estimated Value
$1,539,400

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$39,400
Avg. Annual Appreciation
6.08%
Original Mortgage
$1,050,000
Outstanding Balance
$1,046,296
Interest Rate
6.67%
Mortgage Type
New Conventional
Estimated Equity
$488,646

Purchase Details

Listed on
Apr 16, 2020
Closed on
Apr 22, 2021
Sold by
Mei 507 Llc
Bought by
Mckeown Kirk and Cass Marjorie
Seller's Agent
M. Laura Robayna
Fortune Christie's International Real Estate
Buyer's Agent
Javier Colberg
New Age Properties
List Price
$899,000
Sold Price
$840,000
Premium/Discount to List
-$59,000
-6.56%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.56%

Purchase Details

Listed on
Apr 4, 2012
Closed on
Nov 30, 2012
Sold by
Felipe Leonardo Jose Napoli and De Napoli Vilma Alicia Patriarca
Bought by
Mei 507 Llc
Seller's Agent
Carlos Marco
Best Real Estate Plus
Buyer's Agent
M. Laura Robayna
Fortune Christie's International Real Estate
List Price
$830,000
Sold Price
$830,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.14%
Original Mortgage
$539,500
Interest Rate
2.86%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 4, 2009
Sold by
Pmg Collins Llc
Bought by
Felipe Leonardo Jose Napoli and Denapoli Vilma Alicia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$337,500
Interest Rate
5.87%
Mortgage Type
Seller Take Back
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 $1,500,000 None Listed On Document
Warranty Deed $1,500,000 None Listed On Document
Warranty Deed $840,000 Attorney
Warranty Deed $830,000 Clear Title Group
Special Warranty Deed $675,000 Attorney
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,050,000 New Conventional
Closed $1,050,000 New Conventional
Previous Owner $0 New Conventional
Previous Owner $540,000 Construction
Previous Owner $539,500 New Conventional
Previous Owner $337,500 Seller Take Back
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/24/2025 04/24/25 Sold $1,500,000 -9.1% $1,134 / Sq Ft
12/03/2024 12/03/24 Price Changed $1,650,000 -10.8% $1,247 / Sq Ft
10/02/2024 10/02/24 For Sale $1,850,000 0.0% $1,398 / Sq Ft
11/23/2022 11/23/22 Rented $11,000 0.0% --
11/23/2022 11/23/22 Under Contract -- -- --
11/04/2022 11/04/22 For Rent $11,000 0.0% --
04/23/2021 04/23/21 Sold $840,000 -6.6% $635 / Sq Ft
03/31/2021 03/31/21 Pending -- -- --
04/16/2020 04/16/20 For Sale $899,000 0.0% $680 / Sq Ft
11/01/2017 11/01/17 Rented $5,300 -3.6% --
08/08/2017 08/08/17 For Rent $5,500 0.0% --
11/30/2012 11/30/12 Sold $830,000 0.0% $617 / Sq Ft
09/17/2012 09/17/12 Pending -- -- --
04/04/2012 04/04/12 For Sale $830,000 -- $617 / 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 $22,238 $1,149,157 -- --
2024 $21,228 $1,044,689 -- --
2023 $21,228 $949,718 $0 $0
2022 $16,222 $863,380 $0 $0
2021 $14,248 $737,932 $0 $0
2020 $15,528 $802,100 $0 $0
2019 $17,228 $928,300 $0 $0
2018 $15,920 $846,600 $0 $0
2017 $15,323 $802,852 $0 $0
2016 $15,524 $729,866 $0 $0
2015 $15,051 $663,515 $0 $0
2014 $14,091 $603,196 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Liora Rahimi

    Seller's Agent in 2025

    Liora Rahimi

    Douglas Elliman

    (561) 927-6490

    1 in this area

    10 Total Sales

    Liora Rahimi
    Section Image
  • Claudia Castano

    Buyer's Agent in 2025

    Claudia Castano

    Miller Eaton LLC

    (954) 548-4196

    1 in this area

    21 Total Sales

    Claudia Castano
    Section Image
  • Camila Canepa

    Seller's Agent in 2022

    Camila Canepa

    Compass Florida, LLC

    (305) 815-2144

    2 in this area

    17 Total Sales

    Camila Canepa
    Section Image
  • Riki Galbut

    Buyer's Agent in 2022

    Riki Galbut

    Compass Florida, LLC

    (305) 438-7777

    2 Total Sales

    Riki Galbut
    Section Image

  • M

    Seller's Agent in 2021

    M. Laura Robayna

    Fortune Christie's International Real Estate

    (305) 944-8181

    2 in this area

    19 Total Sales

    M. Laura Robayna
    Section Image
  • Javier Colberg

    Buyer's Agent in 2021

    Javier Colberg

    New Age Properties

    (305) 850-8530

    1 in this area

    31 Total Sales

    Javier Colberg
    Section Image
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About MEi

Map

Source: MIAMI REALTORS® MLS

MLS Number: A11668609

MIAMI REALTORS® MLS

APN: 02-3214-031-1010

Florida Miami/Dade County Miami Beach 33140 Oceanfront

5875 Collins Ave Unit 507, Miami Beach, FL

This home is located at 5875 Collins Ave Unit 507, Miami Beach, FL 33140 and is currently priced at $1,500,000, approximately $1,133 per square foot. This property was built in 2008. 5875 Collins Ave Unit 507 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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