NOT LISTED FOR SALE

MEi 5875 Collins Ave Unit 607 Miami Beach, FL 33140

Oceanfront Neighborhood

Estimated Value: $1,394,000 - $1,673,000

2 Beds
2.5 Baths
1,323 Sq Ft
$2,654/mo HOA Fee

Last Sold August 16, 2023

Last sale price $1,450,000 $1,096 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $13,147/month

56 Days on Market

Highlights

  • Valet Parking
  • Property has ocean access
  • Bay View
  • North Beach Elementary School Rated A-
  • Fitness Center
  • Waterfront

About This Home

As of August 2023

LOCATION, LOCATION, LOCATION right on Millionaire's row one of the most beautiful beach areas in town. This modern building just finished an extensive multi million dollar renovation. That included most of the common areas, done by professional designers that created a modern and luxurious spaces. This corner unit offers Ocean and city views from a massive "L" shaped balcony ideal for daytime or nighttime gatherings.

Last Agent to Sell the Property

Luis Garino

Cervera Real Estate Inc. License #3235654 Listed on: 06/19/2023

Cervera Real Estate Inc.

Co-Listed By

Marioly Saldana

Cervera Real Estate Inc. License #3186630

Last Buyer's Agent

Sandra Osorio

Compass Florida, LLC License #3106942

Compass Florida, LLC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $14,222

Year Built

  • Built in 2008

Lot Details

  • Waterfront
  • West Facing Home

HOA Fees

  • $2,654 Monthly HOA Fees

Parking

  • 1 Car Garage

Home Design

  • Concrete Block And Stucco Construction

Interior Spaces

  • 1,323 Sq Ft Home
  • Furnished
  • Sliding Windows
  • Casement Windows
  • Entrance Foyer
  • Combination Dining and Living Room
  • Marble Flooring
  • Dryer

Kitchen

  • Microwave
  • Ice Maker
  • Dishwasher

Bedrooms and Bathrooms

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

Home Security

Outdoor Features

  • Property has ocean access

Location

  • East of U.S. Route 1

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 02-32-14-031-1020

Community Details

Overview

  • High-Rise Condominium
  • Mei Condo
  • Mei Condo Subdivision
  • The community has rules related to no recreational vehicles or boats
  • 22-Story Property

Amenities

  • Valet Parking
  • Elevator

Recreation

  • Community Spa

Pet Policy

  • Breed Restrictions

Security

  • Security Service
  • Walled
  • Clear Impact Glass
  • High Impact Door
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$14,222

Year Built

Built in 2008

Lot Details

0

HOA Fees

$2,654 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Year Built: 2008
  • Property Sub Type: Condominium
  • Architectural Style: High Rise
  • Co List Office Mls Id: CERN01
  • Co List Office Phone: 305-374-3434
  • Entry Level: 6
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: Other
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Condo 5+ Stories, Condo
  • Subdivision Name: MEI CONDO
  • Year Built Details: Resale
  • MIAMIRE_PetsAllowedYN: No
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Dryer, Electric Water Heater, Ice Maker, Microwave, Refrigerator
  • Interior Amenities: Entrance Foyer, Split Bedroom, Walk-In Closet(s)
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Door Features: High Impact Doors
  • Entry Location: Foyer
  • Flooring: Marble
  • Furnished: Furnished, Unfurnished
  • Living Area: 1323
  • Possible Use: Unknown/Withheld
  • Stories: 22
  • Window Features: Clear Impact Glass, Casement, Impact Glass, Sliding
  • Bedroom Features: Entry Level
  • Dining Room Features: Dining/Living Room

Exterior Features

  • View: Bay
  • Exterior Features: East Of Us1, Open Balcony
  • Construction Type: CBS Construction
  • Direction Faces: West
  • Patio And Porch Features: Open Balcony
  • Pool Private: No
  • View: Yes
  • Waterfront Features: Ocean Access
  • Waterfront: Yes

Garage/Parking

  • Park Building Name: MEI CONDO
  • Covered Parking Spaces: 1
  • Garage Spaces: 1
  • Parking Features: Valet, No Rv/Boats

Utilities

  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Security: Smoke Detector, Security Patrol, Walled

Condo/Co-op/Association

  • Association Fee: 2654
  • Amenities: Elevator(s), Exercise Room, Other, Pool, Spa/Hot Tub
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Lot Info

  • Parcel Number: 02-32-14-031-1020
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: No, Restrictions Or Possible Restrictions

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 14222

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 19, 2023
Closed on
Aug 11, 2023
Sold by
Calulu Mei Usa Llc
Bought by
Katzman Kenneth B and Katzman Alison B
Seller's Agent
Luis Garino
Cervera Real Estate Inc.
Buyer's Agent
Sandra Osorio
Compass Florida, LLC
List Price
$1,700,000
Sold Price
$1,450,000
Premium/Discount to List
-$250,000
-14.71%
Views
76
Current Estimated Value
$1,571,636

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$121,636
Avg. Annual Appreciation
4.07%

Purchase Details

Closed on
Aug 15, 2014
Sold by
Cova Ingrid Hernandez and Hernandez Cova Mario Alberto
Bought by
Calulu Mei Usa Llc

Purchase Details

Closed on
Jul 17, 2008
Sold by
Pmg Collins Llc
Bought by
Cova Ingrid Hernandez and Cova Mario Alberto Hernandez

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$759,500
Interest Rate
6.03%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

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Average Value
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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
Katzman Kenneth B $1,450,000 None Listed On Document
Calulu Mei Usa Llc $85,000 Attorney
Cova Ingrid Hernandez $1,085,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Cova Ingrid Hernandez $759,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/16/2023 08/16/23 Sold $1,450,000 -14.7% $1,096 / Sq Ft
08/15/2023 08/15/23 Pending -- -- --
06/19/2023 06/19/23 For Sale $1,700,000 0.0% $1,285 / Sq Ft
01/19/2021 01/19/21 Under Contract -- -- --
01/01/2021 01/01/21 Rented $4,500 -7.2% --
08/19/2020 08/19/20 For Rent $4,850 +3.2% --
11/14/2019 11/14/19 Rented $4,700 -3.1% --
10/28/2019 10/28/19 Under Contract -- -- --
08/07/2019 08/07/19 For Rent $4,850 +7.8% --
09/22/2018 09/22/18 Rented $4,500 -5.3% --
09/07/2018 09/07/18 Under Contract -- -- --
07/06/2018 07/06/18 Price Changed $4,750 -13.6% $4 / Sq Ft
04/27/2018 04/27/18 For Rent $5,500 -- --
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 $23,160 $1,355,750 -- --
2024 $19,506 $1,232,500 -- --
2023 $19,506 $848,369 $0 $0
2022 $14,815 $771,245 $0 $0
2021 $13,538 $701,132 $0 $0
2020 $14,754 $762,100 $0 $0
2019 $16,738 $903,690 $0 $0
2018 $15,448 $821,500 $0 $0
2017 $14,900 $782,420 $0 $0
2016 $17,270 $889,113 $0 $0
2015 $17,615 $889,113 $0 $0
2014 $13,526 $573,617 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Luis Garino

    Seller's Agent in 2023

    Luis Garino

    Cervera Real Estate Inc.

    (305) 606-9019

    1 in this area

    39 Total Sales

    Luis Garino
    Section Image
  • Marioly Saldana

    Seller Co-Listing Agent in 2023

    Marioly Saldana

    Cervera Real Estate Inc.

    (305) 450-0086

    1 in this area

    62 Total Sales

    Marioly Saldana
    Section Image
  • Sandra Osorio

    Buyer's Agent in 2023

    Sandra Osorio

    Compass Florida, LLC

    (305) 877-4453

    3 in this area

    42 Total Sales

    Sandra Osorio
    Section Image
  • Michael Petrevski

    Buyer's Agent in 2021

    Michael Petrevski

    Premier Elite Realty Inc.

    (305) 748-5472

    6 Total Sales

    Michael Petrevski
    Section Image

  • D

    Buyer's Agent in 2019

    David Gutierrez

    Marlin Realty Inc

    (786) 897-7482

    2 in this area

    153 Total Sales

    David Gutierrez
    Section Image

  • D

    Seller's Agent in 2018

    Daniel Mesa

    MMLS Assoc.-Inactive Member

    Section Image
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About MEi

Map

Source: MIAMI REALTORS® MLS

MLS Number: A11405829

MIAMI REALTORS® MLS

APN: 02-3214-031-1020

Florida Miami/Dade County Miami Beach 33140 Oceanfront

5875 Collins Ave Unit 607, Miami Beach, FL

This home is located at 5875 Collins Ave Unit 607, Miami Beach, FL 33140 since 19 June 2023 and is currently estimated at $1,571,636, approximately $1,187 per square foot. This property was built in 2008. 5875 Collins Ave Unit 607 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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