MEi 5875 Collins Ave Unit 703 Miami Beach, FL 33140
Oceanfront Neighborhood
2
Beds
2.5
Baths
1,094
Sq Ft
$2,496/mo
HOA Fee
Highlights
- Doorman
- Ocean Front
- Private Guards
- North Beach Elementary School Rated A-
- Fitness Center
- Wood Flooring
About This Home
As of September 2024Elevate your lifestyle at MEI Miami Beach, a sanctuary that transcends the ordinary, seamlessly blending modern design with timeless luxury. This isn't just a residence; it's an invitation to immerse yourself in the epitome of resort living, where every day unfolds like a vacation, and each moment beckons you to savor life's finest pleasures.
Step through the doors of MEI into a world of opulence, where meticulous attention to detail creates an ambiance that exceeds all expectations. More than a home, MEI offers an unparalleled lifestyle, a harmonious fusion of sophistication and comfort. Picture yourself in the dazzling lobby, find tranquility in the TEA lounge, draw inspiration from the ZEN library, and rejuvenate your senses in the spa - each space a testament to refined living.
Last Agent to Sell the Property
Keller Williams Capital Realty License #3037561 Listed on: 10/23/2023
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $14,723
Year Built
- Built in 2008
Lot Details
- Ocean Front
- Northeast Facing Home
HOA Fees
- $2,496 Monthly HOA Fees
Parking
- 2 Car Garage
- Secured Garage or Parking
- Guest Parking
Home Design
- Concrete Block And Stucco Construction
Interior Spaces
- 1,094 Sq Ft Home
- Furnished
- Combination Dining and Living Room
- Wood Flooring
Kitchen
- Eat-In Kitchen
- Built-In Oven
- Electric Range
- Ice Maker
- Dishwasher
- Cooking Island
- Snack Bar or Counter
- Disposal
Bedrooms and Bathrooms
- 2 Bedrooms
- Split Bedroom Floorplan
- Bathtub
Laundry
- Dryer
- Washer
Home Security
Outdoor Features
- Property has ocean access
- Beach Access
Additional Features
- Accessible Elevator Installed
- Certified Watt-Wise
- Central Heating and Cooling System
Listing and Financial Details
- Assessor Parcel Number 02-32-14-031-0410
Community Details
Overview
- High-Rise Condominium
- Mei Condo
- Mei Condo Subdivision
- 22-Story Property
Amenities
- Doorman
- Valet Parking
- Trash Chute
- Business Center
- Community Library
- Community Storage Space
- Elevator
Recreation
Pet Policy
- Pets Allowed
- Pet Size Limit
Security
- Private Guards
- Secure Elevator
- Fire and Smoke Detector
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 23, 2023
Closed on
Sep 1, 2024
Sold by
Hml Mei Corp
Bought by
Shivsha Trust and Patel
Seller's Agent
Juliet Restrepo
Keller Williams Capital Realty
Buyer's Agent
Benjamin Moss
Compass Florida, LLC.
List Price
$1,465,000
Sold Price
$1,285,000
Premium/Discount to List
-$180,000
-12.29%
Total Days on Market
132
Views
59
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
-$34,842
Avg. Annual Appreciation
-3.65%
Original Mortgage
$899,500
Outstanding Balance
$894,018
Interest Rate
6.78%
Mortgage Type
New Conventional
Estimated Equity
$356,140
Purchase Details
Closed on
Mar 22, 2013
Sold by
Delgrosso Renato Humberto and Del Grosso Maria Serafina Testa
Bought by
Hml Mei Corp
Purchase Details
Closed on
Jul 13, 2009
Sold by
Pmg Collins Llc
Bought by
Delgrosso Renato Humberto and Del Grosso Maria Serafina Testa
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 | $1,285,000 | Kensington Vanguard National L | |
| Quit Claim Deed | -- | None Available | |
| Special Warranty Deed | $535,000 | Attorney |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $899,500 | New Conventional | |
| Previous Owner | $100,000 | Balloon |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/03/2024 09/03/24 | Sold | $1,285,000 | -11.4% | $1,175 / Sq Ft |
| 05/22/2024 05/22/24 | Price Changed | $1,450,000 | -1.0% | $1,325 / Sq Ft |
| 03/04/2024 03/04/24 | For Sale | $1,465,000 | +20106.9% | $1,339 / Sq Ft |
| 03/04/2024 03/04/24 | Pending | -- | -- | -- |
| 03/01/2024 03/01/24 | Rented | $7,250 | -99.5% | -- |
| 02/19/2024 02/19/24 | Under Contract | -- | -- | -- |
| 02/02/2024 02/02/24 | Price Changed | $1,465,000 | -1.7% | $1,339 / Sq Ft |
| 01/31/2024 01/31/24 | Price Changed | $1,490,000 | 0.0% | $1,362 / Sq Ft |
| 12/23/2023 12/23/23 | Price Changed | $7,250 | -19.0% | $7 / Sq Ft |
| 12/12/2023 12/12/23 | For Rent | $8,950 | 0.0% | -- |
| 11/27/2023 11/27/23 | Price Changed | $1,499,999 | -3.2% | $1,371 / Sq Ft |
| 10/23/2023 10/23/23 | For Sale | $1,550,000 | 0.0% | $1,417 / Sq Ft |
| 01/02/2023 01/02/23 | Rented | $5,975 | 0.0% | -- |
| 12/22/2022 12/22/22 | Under Contract | -- | -- | -- |
| 12/08/2022 12/08/22 | Price Changed | $5,975 | -2.8% | $5 / Sq Ft |
| 11/29/2022 11/29/22 | Price Changed | $6,150 | +3.8% | $6 / Sq Ft |
| 11/28/2022 11/28/22 | For Rent | $5,925 | -6.0% | -- |
| 08/15/2022 08/15/22 | Rented | $6,300 | -2.8% | -- |
| 07/23/2022 07/23/22 | Under Contract | -- | -- | -- |
| 06/29/2022 06/29/22 | Price Changed | $6,480 | -2.6% | $6 / Sq Ft |
| 06/13/2022 06/13/22 | Price Changed | $6,650 | -0.7% | $6 / Sq Ft |
| 05/18/2022 05/18/22 | Price Changed | $6,700 | -4.3% | $6 / Sq Ft |
| 04/25/2022 04/25/22 | For Rent | $7,000 | +32.1% | -- |
| 05/14/2021 05/14/21 | Rented | $5,300 | 0.0% | -- |
| 05/13/2021 05/13/21 | Under Contract | -- | -- | -- |
| 05/04/2021 05/04/21 | Price Changed | $5,300 | +7.1% | $5 / Sq Ft |
| 05/04/2021 05/04/21 | For Rent | $4,950 | +23.8% | -- |
| 10/06/2019 10/06/19 | Rented | $4,000 | -10.1% | -- |
| 08/02/2019 08/02/19 | For Rent | $4,450 | -1.1% | -- |
| 06/01/2015 06/01/15 | Rented | $4,500 | -6.3% | -- |
| 05/02/2015 05/02/15 | Under Contract | -- | -- | -- |
| 03/13/2015 03/13/15 | For Rent | $4,800 | -- | -- |
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 |
|---|---|---|---|---|
| 2024 | $14,724 | $719,680 | -- | -- |
| 2023 | $14,724 | $654,255 | $0 | $0 |
| 2022 | $11,781 | $594,778 | $0 | $0 |
| 2021 | $10,440 | $540,708 | $0 | $0 |
| 2020 | $12,705 | $659,400 | $0 | $0 |
| 2019 | $11,529 | $594,955 | $0 | $0 |
| 2018 | $13,987 | $743,810 | $0 | $0 |
| 2017 | $14,164 | $743,810 | $0 | $0 |
| 2016 | $16,998 | $875,066 | $0 | $0 |
| 2015 | $17,337 | $875,066 | $0 | $0 |
| 2014 | $17,779 | $875,066 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Juliet Restrepo
Seller's Agent in 2024
Juliet Restrepo
Keller Williams Capital Realty
(786) 317-6821
1 in this area
61 Total Sales
-
Silvia Alvarez
Buyer's Agent in 2024
Silvia Alvarez
The Corcoran Group
(305) 588-0677
11 Total Sales
-
Benjamin Moss
Buyer's Agent in 2024
Benjamin Moss
Compass Florida, LLC.
(305) 330-5481
3 in this area
156 Total Sales
-
Mariacamila Castillo
M
Buyer Co-Listing Agent in 2024
Mariacamila Castillo
Compass Florida, LLC.
(813) 787-1619
1 in this area
16 Total Sales
-
Jaime Blatt
Buyer's Agent in 2023
Jaime Blatt
Compass Florida, LLC.
(914) 523-5974
3 in this area
21 Total Sales
-
K
Buyer's Agent in 2019
Kactherinne Arango
MMLS Assoc.-Inactive Member
(305) 528-2555
About MEi
Map
Source: MIAMI REALTORS® MLS
MLS Number: A11470672
APN: 02-3214-031-0410
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