NOT LISTED FOR SALE

MEi 5875 Collins Ave Unit PH 5 Miami Beach, FL 33140

Oceanfront Neighborhood

Estimated Value: $1,156,113 - $1,495,000

2 Beds
2.5 Baths
1,097 Sq Ft
2008 Built

Last Sold November 03, 2021

Last sale price $965,000 $880 Per Sq Ft

Est. 51% increase in value since last sale

Current estimated payment $9,541/month

Highlights

  • Ocean Front
  • In Ground Pool
  • 1 Car Garage
  • North Beach Elementary School Rated A-
  • No HOA

About This Home

As of August 2022

YEARLY RENTALS ONLY.... Beautiful PH apartment on state-of-the-art boutique building. Large open balcony with Ocean, Intercostal and City views. 2Br/2.5Ba featuring marble floors, high ceiling glass windows, wooden closets, Jacuzzi/Spa, Thermador and Bosch appliances, espresso maker, wine cooler and much more. Beautiful kitchen and baths, MEI condo offers superb class amenities that include concierge, beach service, spa, gym and free valet for owners/guests

Last Agent to Rent the Property

Jonathan Castaneda

Fortune Christie's International Real Estate License #3057028 Listed on: 07/05/2022

Fortune Christie's International Real Estate

Last Renter's Agent

Carlos Manchego

R1S1 KM Investment Corp License #3321346

Condo Details

Home Type

  • Condominium

Est. Annual Taxes

  • $18,898

Year Built

  • Built in 2008

Parking

  • 1 Car Garage

Home Design

  • 1,097 Sq Ft Home

Bedrooms and Bathrooms

  • 2 Bedrooms

Additional Features

  • In Ground Pool
  • Ocean Front

Listing and Financial Details

  • Property Available on 7/5/22
  • Assessor Parcel Number 02-32-14-031-0860

Community Details

Overview

  • No Home Owners Association
  • Mei Condo
  • Mei Condo Subdivision

Pet Policy

  • Pets Allowed
  • Pet Size Limit

Condo Details

Home Type

Condominium

Est. Annual Taxes

$18,898

Year Built

Built in 2008

Lot Details

0

Parking

1

Rental Info

  • Pets Allowed: Maximum 20 Lbs
  • Available Date: 2022-07-05

Listing Details

  • Property Type: Residential Lease
  • Year Built: 2008
  • Property Sub Type: Condominium
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: Other
  • New Construction: No
  • Structure Type: Condo/Co-Op/Annual, Condo
  • Subdivision Name: MEI CONDO
  • MIAMIRE_PoolYN: Yes
  • MIAMIRE_PetsAllowedYN: Yes
  • ResoPropertyType: ResidentialLease
  • Special Features: VirtualTour

Interior Features

  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Furnished: Unfurnished
  • Living Area: 1097

Exterior Features

  • Pool Features: In Ground
  • Pool Private: No
  • View: No
  • Waterfront Features: Ocean Front
  • Waterfront: Yes

Garage/Parking

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

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel Number: 02-32-14-031-0860
  • Land Lease Amount Frequency: Monthly
  • Zoning: 4100
  • ResoLotSizeUnits: SquareFeet

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 24, 2020
Closed on
Nov 1, 2021
Sold by
Gerardi Manuel
Bought by
Libani Henry and Libani Nina
Seller's Agent
Ramon Rodriguez
Avanti Way Realty LLC
Buyer's Agent
Jonathan Castaneda
Fortune Christie's International Real Estate
List Price
$950,000
Sold Price
$965,000
Premium/Discount to List
$15,000
1.58%
Current Estimated Value
$1,454,991

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$489,991
Avg. Annual Appreciation
9.21%
Original Mortgage
$548,250
Outstanding Balance
$503,567
Interest Rate
3.01%
Mortgage Type
New Conventional
Estimated Equity
$842,961

Purchase Details

Closed on
Jun 18, 2009
Sold by
Pmg Collins Llc
Bought by
Gerardi Manuel
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 Buyer Sale Price Title Company
Libani Henry $965,000 Attorney
Gerardi Manuel $750,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Libani Henry $548,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/12/2022 08/12/22 Rented $7,300 -7.6% --
08/09/2022 08/09/22 Under Contract -- -- --
07/05/2022 07/05/22 For Rent $7,900 0.0% --
11/03/2021 11/03/21 Sold $965,000 -11.9% $880 / Sq Ft
09/19/2021 09/19/21 Pending -- -- --
04/20/2021 04/20/21 Price Changed $1,095,000 +15.3% $998 / Sq Ft
09/18/2020 09/18/20 For Sale $950,000 0.0% $866 / Sq Ft
05/25/2020 05/25/20 Rented $4,000 -4.8% --
05/15/2020 05/15/20 Under Contract -- -- --
04/05/2020 04/05/20 Price Changed $4,200 -6.7% $4 / Sq Ft
03/22/2020 03/22/20 Price Changed $4,500 -4.3% $4 / Sq Ft
03/12/2020 03/12/20 Price Changed $4,700 -6.0% $4 / Sq Ft
07/22/2019 07/22/19 For Rent $5,000 +4.2% --
05/01/2014 05/01/14 Rented $4,800 -4.0% --
04/01/2014 04/01/14 Under Contract -- -- --
03/10/2014 03/10/14 For Rent $5,000 -- --
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 $18,898 $995,359 -- --
2024 $17,785 $904,872 -- --
2023 $17,785 $822,611 $0 $0
2022 $14,051 $747,829 $0 $0
2021 $11,369 $588,842 $0 $0
2020 $13,902 $718,100 $0 $0
2019 $17,671 $911,905 $0 $0
2018 $17,148 $911,905 $0 $0
2017 $18,104 $945,326 $0 $0
2016 $17,388 $859,388 $0 $0
2015 $16,452 $781,262 $0 $0
2014 $14,430 $710,239 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11231863

MIAMI REALTORS® MLS

APN: 02-3214-031-0860