$1,250,000
SOLD OCT 17, 2022 RENTED NOV 5, 2024

MEi 5875 Collins Ave Unit 605 Miami Beach, FL 33140

Oceanfront Neighborhood
2 Beds
2.5 Baths
1,097 Sq Ft
$1,960/mo HOA Fee

Recently Sold

$1,139 Per Sq Ft

7% Below List Price

145 Days on Market

Highlights

  • Property has ocean access
  • Fitness Center
  • Marble Flooring
  • North Beach Elementary School Rated A-
  • Waterfront
  • Sauna

About This Home

As of October 2022

MEi Miami Beach is considered one of the aesthetically pleasing condominiums found on Collins Avenue, with a name that's actually Mandarin for beauty and femininity, 22 story and just 135 units. MEi is Miami Beach's shimmeing glass tower masterpiece. Situated on the ocean at 58th and Collins. This 2 bed / 2.5 bath with ocean and city views in 1,097 SQFT. This building has amenities like a swimming pool, beach club, clubhouse, business center and concierge services at all hours of the day. From the incredible Lobby to the TEA lounge, the ZEN library, Spa and Poolside, residents at MEi can enjoy the ultimate in privacy and relaxation.

Last Agent to Sell the Property

Miriam Poggio

One Sotheby's International Re License #3090435 Listed on: 04/20/2022

Co-Listed By

Bautista Carugati

One Sotheby's International Re License #3455051

Last Buyer's Agent

vittoria ruzzi

Celis Realty Group License #3378107

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $10,378

Year Built

  • Built in 2008

Lot Details

  • Waterfront
  • East Facing Home

HOA Fees

  • $1,960 Monthly HOA Fees

Parking

  • 1 Car Garage

Home Design

  • Entry on the 6th floor

Interior Spaces

  • 1,097 Sq Ft Home
  • Combination Dining and Living Room
  • Marble Flooring

Kitchen

  • Built-In Oven
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Property has ocean access

Schools

  • North Beach Elementary School
  • Nautilus Middle School
  • Miami Beach High School

Utilities

  • Central Air
  • Heating Available

Listing and Financial Details

  • Assessor Parcel Number 02-32-14-031-0710

Community Details

Overview

  • 134 Units
  • Mei Condos
  • Mei Condo,Property Markets Gro Subdivision
  • 22-Story Property

Amenities

  • Business Center
  • Secure Lobby

Recreation

Pet Policy

  • Pets Allowed
  • Pet Size Limit

Building Details

Property Details

Home Type

Condominium

Est. Annual Taxes

$10,378

Year Built

Built in 2008

Lot Details

0

HOA Fees

$1,960 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Year Built: 2008
  • Property Sub Type: Condominium
  • Co List Office Mls Id: OSIR03
  • Co List Office Phone: 305-538-9711
  • Entry Level: 6
  • 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,Property Markets Gro
  • Year Built Details: Resale
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Wall Oven, Washer
  • Interior Amenities: Lobby, First Floor Entry
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Flooring: Marble
  • Furnished: Unfurnished
  • Living Area: 1097
  • Possible Use: Secondary
  • Stories: 22
  • Bedroom Features: Entry Level
  • Dining Room Features: Dining/Living Room

Exterior Features

  • View: Other View, Water View
  • Exterior Features: Open Balcony
  • Direction Faces: East
  • Patio And Porch Features: Open Balcony
  • Pool Private: No
  • View: Yes
  • Waterfront Features: Ocean Access
  • Waterfront: Yes

Garage/Parking

  • Park Building Name: MEI
  • Covered Parking Spaces: 1
  • Garage Spaces: 1
  • Parking Features: Covered

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Electric
  • Heating Yn: Yes
  • Security: Lobby Secured

Condo/Co-op/Association

  • Association Fee: 1960
  • Amenities: Business Center, Exercise Room, Pool, Sauna
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Schools

  • Elementary School: North Beach
  • High School: Miami Beach
  • Middle Or Junior School: Nautilus

Lot Info

  • Parcel Number: 02-32-14-031-0710
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Maximum 20 Lbs

Multi Family

  • Maintenance Expense: 1960
  • Number Of Units In Community: 134
  • Number Of Units Total: 134

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 10378

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 20, 2022
Closed on
Oct 11, 2022
Sold by
Mei 605 Llc
Bought by
Barbagallo Gabriella
Seller's Agent
Miriam Poggio
One Sotheby's International Re
Buyer's Agent
vittoria ruzzi
Celis Realty Group
List Price
$1,350,000
Sold Price
$1,250,000
Premium/Discount to List
-$100,000
-7.41%
Views
7
Current Estimated Value
$1,363,297

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$113,297
Avg. Annual Appreciation
1.53%

Purchase Details

Closed on
Feb 12, 2020
Sold by
Ramirz Orlando and Vespa Veronica
Bought by
Mei 605 Llc

Purchase Details

Closed on
Aug 5, 2009
Sold by
Pmg Collins Llc
Bought by
Ramirez G Orlando and Veronica Vespa L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Interest Rate
5.87%
Mortgage Type
Balloon
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 $1,250,000 Florida Luxury Title
Quit Claim Deed $50,000 Attorney
Special Warranty Deed $650,000 Attorney
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $225,000 Balloon
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/05/2024 11/05/24 Rented $9,000 -2.2% --
10/06/2024 10/06/24 Price Changed $9,200 -1.1% $8 / Sq Ft
10/06/2024 10/06/24 Price Changed $9,300 -2.1% $8 / Sq Ft
07/16/2024 07/16/24 For Rent $9,500 0.0% --
10/17/2022 10/17/22 Sold $1,250,000 -7.4% $1,139 / Sq Ft
09/12/2022 09/12/22 Pending -- -- --
04/20/2022 04/20/22 For Sale $1,350,000 0.0% $1,231 / Sq Ft
10/01/2021 10/01/21 Rented -- -- --
08/16/2021 08/16/21 For Rent $6,500 +62.5% --
12/15/2020 12/15/20 Rented $4,000 -18.4% --
11/17/2020 11/17/20 Under Contract -- -- --
10/29/2020 10/29/20 For Rent $4,900 +16.7% --
08/25/2017 08/25/17 Rented $4,200 -8.7% --
07/07/2017 07/07/17 Under Contract -- -- --
01/16/2017 01/16/17 For Rent $4,600 0.0% --
11/29/2016 11/29/16 Off Market $4,600 -- --
09/07/2016 09/07/16 Price Changed $4,600 -3.8% $4 / Sq Ft
06/02/2016 06/02/16 For Rent $4,780 +6.2% --
04/10/2015 04/10/15 Rented $4,500 -- --
03/30/2015 03/30/15 Under Contract -- -- --
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 $19,290 $1,026,550 -- --
2024 $18,833 $1,026,550 -- --
2023 $18,833 $996,650 $0 $0
2022 $11,711 $591,261 $0 $0
2021 $10,378 $537,510 $0 $0
2020 $12,690 $655,500 $0 $0
2019 $16,132 $832,465 $0 $0
2018 $15,654 $832,465 $0 $0
2017 $16,527 $862,975 $0 $0
2016 $15,874 $784,523 $0 $0
2015 $15,019 $713,203 $0 $0
2014 $13,173 $648,367 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • vittoria ruzzi

    Seller's Agent in 2024

    vittoria ruzzi

    Celis Realty Group

    (786) 484-9443

    1 in this area

    13 Total Sales

    vittoria ruzzi
    Section Image
  • Jason Sims

    Buyer's Agent in 2024

    Jason Sims

    Serhant

    (305) 695-6300

    1 in this area

    11 Total Sales

    Jason Sims
    Section Image
  • Miriam Poggio

    Seller's Agent in 2022

    Miriam Poggio

    One Sotheby's International Re

    (786) 356-2610

    7 in this area

    46 Total Sales

    Miriam Poggio
    Section Image

  • B

    Seller Co-Listing Agent in 2022

    Bautista Carugati

    One Sotheby's International Re

    (305) 333-3016

    6 in this area

    34 Total Sales

    Bautista Carugati
    Section Image
  • Anna Sherrill

    Buyer's Agent in 2021

    Anna Sherrill

    One Sotheby's International Re

    (786) 853-8484

    4 in this area

    90 Total Sales

    Anna Sherrill
    Section Image

  • D

    Buyer's Agent in 2020

    Dennis Katsoulis

    Building Blocks Today, Inc.

    (305) 744-2242

    14 Total Sales

    Dennis Katsoulis
    Section Image
See All Agents

About MEi

Map

Source: MIAMI REALTORS® MLS

MLS Number: A11190543

MIAMI REALTORS® MLS

APN: 02-3214-031-0710

Florida Miami/Dade County Miami Beach 33140 Oceanfront

5875 Collins Ave Unit 605, Miami Beach, FL

This home is located at 5875 Collins Ave Unit 605, Miami Beach, FL 33140 and is currently priced at $1,250,000, approximately $1,139 per square foot. This property was built in 2008. 5875 Collins Ave Unit 605 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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