NOT LISTED FOR SALE

MEi 5875 Collins Ave Unit PH4 Miami Beach, FL 33140

Oceanfront Neighborhood

Estimated Value: $1,590,000 - $2,177,000

2 Beds
2.5 Baths
1,556 Sq Ft
$2,583/mo HOA Fee

Last Sold October 25, 2021

Last sale price $1,550,000 $996 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $14,622/month

22 Days on Market

Highlights

  • Doorman
  • Ocean Front
  • Penthouse
  • North Beach Elementary School Rated A-
  • Fitness Center
  • Clubhouse

About This Home

As of October 2021

Renowned interior designer, Briggs Solomon designed this chic, modern 2-bed/2.5-bath duplex penthouse setting it apart from all other units in the building. The unit offers oceanfront, Intracoastal and city skyline views which can be adored from the balconies on both levels. High-end stainless-steel appliances, wine cooler, espresso maker, induction stove top and built-in refrigerator with paneled doors fill this desirable chef’s kitchen. Situated in the shimmering glass tower masterpiece, MEi luxury residences, indulgent amenities await from the tea lounge and library, spa, steam room and fitness center to the innovative smart technology, concierge services and beach access along with a pool and food and beverage services.

Last Agent to Sell the Property

Jeff Miller

One Sotheby's International Re License #3173481 Listed on: 08/24/2021

One Sotheby's International Re

Last Buyer's Agent

Jeff Miller

One Sotheby's International Re License #3173481 Listed on: 08/24/2021

One Sotheby's International Re

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $20,062

Year Built

  • Built in 2008

Lot Details

  • Ocean Front
  • Property fronts an intracoastal waterway
  • Southeast Facing Home

HOA Fees

  • $2,583 Monthly HOA Fees

Parking

  • 2 Car Parking Spaces

Property Views

Home Design

  • Penthouse
  • Split Level Home
  • Concrete Block With Brick
  • Concrete Block And Stucco Construction

Interior Spaces

  • 1,556 Sq Ft Home
  • Built-In Features
  • Blinds
  • Ceramic Tile Flooring

Kitchen

  • Self-Cleaning Oven
  • Electric Range
  • Microwave
  • Dishwasher
  • Snack Bar or Counter

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary Bedroom Upstairs
  • Closet Cabinetry
  • Walk-In Closet
  • Shower Only

Laundry

  • Laundry in Utility Room
  • Dryer
  • Washer

Home Security

Outdoor Features

  • Property has ocean access

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 02-32-14-031-0690

Community Details

Overview

  • High-Rise Condominium
  • Mei Condo
  • Mei Condo Subdivision
  • Property has 2 Levels

Amenities

  • Doorman
  • Valet Parking
  • Trash Chute
  • Business Center
  • Community Center
  • Party Room
  • Community Library
  • Secure Lobby

Recreation

  • Community Spa

Pet Policy

  • Breed Restrictions

Building Details

Security

  • Secure Elevator
  • High Impact Windows
  • High Impact Door
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$20,062

Year Built

Built in 2008

Lot Details

0

HOA Fees

$2,583 per month

Listing Details

  • Property Type: Residential
  • Year Built: 2008
  • Property Sub Type: Condominium
  • Architectural Style: High Rise, Penthouse, Split Level
  • Entry Level: 21
  • Garage Yn: No
  • Horses: No
  • Inclusions: Unrestricted Salt Water Access
  • Unit Levels: 2
  • 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, Dryer, Microwave, Electric Range, Refrigerator, Self Cleaning Oven, Washer
  • Interior Amenities: First Floor Entry, Second Floor Entry, Built-in Features, Closet Cabinetry, Walk-In Closet(s), Utility Room/Laundry
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Door Features: High Impact Doors
  • Flooring: Ceramic Floor, Other
  • Furnished: Unfurnished
  • Living Area: 1556
  • Possible Use: Unknown/Withheld
  • Stories: 22
  • Window Features: Blinds, High Impact Windows, Impact Glass
  • Bedroom Features: Master Bedroom Upstairs
  • Dining Room Features: Snack Bar/Counter
  • Living Room Features: Utility Room/Laundry
  • Master Bathroom Features: Shower Only

Exterior Features

  • View: Intracoastal View, Ocean View, Skyline
  • Exterior Features: Open Balcony
  • Construction Type: Concrete Block With Brick, CBS Construction
  • Direction Faces: Southeast
  • Patio And Porch Features: Open Balcony
  • Pool Private: No
  • View: Yes
  • Waterfront Features: Intracoastal Front, Ocean Access, Ocean Front
  • Waterfront: Yes

Garage/Parking

  • Park Building Name: MEI CONDO
  • Parking Features: 2 Or More Spaces, Valet

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Laundry Features: Utility Room/Laundry
  • Security: Smoke Detector, Doorman, Elevator Secure, Lobby Secured

Condo/Co-op/Association

  • Association Fee: 2583
  • Amenities: Business Center, Clubhouse-Clubroom, Community Room, Elevator(s), Exercise Room, Library, Pool, Sauna, Spa/Hot Tub, Trash Chute
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Lot Info

  • Parcel Number: 02-32-14-031-0690
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Restrictions Or Possible Restrictions

Multi Family

  • Maintenance Expense: 2583

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 20062

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 24, 2021
Closed on
Oct 22, 2021
Sold by
Alonso Yonder
Bought by
Mola Gustavo and The Gustavo Mola Revocable Liv
Seller's Agent
Jeff Miller
One Sotheby's International Re
Buyer's Agent
Jeff Miller
One Sotheby's International Re
List Price
$1,650,000
Sold Price
$1,550,000
Premium/Discount to List
-$100,000
-6.06%
Current Estimated Value
$1,833,477

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$283,477
Avg. Annual Appreciation
4.24%
Original Mortgage
$930,000
Outstanding Balance
$724,795
Interest Rate
2.15%
Mortgage Type
New Conventional
Estimated Equity
$1,090,041

Purchase Details

Listed on
Oct 14, 2013
Closed on
Dec 9, 2013
Sold by
Fb Miami Investments Llc
Bought by
Alonso Yonder
Seller's Agent
Thibaut Rives De Lavaysse
Collins International Prop.
Buyer's Agent
Ernesto Bascuas
Compass Florida, LLC
List Price
$1,600,000
Sold Price
$1,400,000
Premium/Discount to List
-$200,000
-12.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.30%
Original Mortgage
$1,120,000
Interest Rate
4.62%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Feb 23, 2010
Sold by
Pmg Collins Llc
Bought by
Fb Miami Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$630,500
Interest Rate
5.87%
Mortgage Type
Seller Take Back
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
Mola Gustavo $1,550,000 Attorney
Gustavo Mola Revocable Living Trust $1,550,000 None Listed On Document
Alonso Yonder $1,400,000 Attorney
Fb Miami Investments Llc $970,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gustavo Mola Revocable Living Trust $930,000
Closed Gustavo Mola Revocable Living Trust $930,000
Previous Owner Alonso Yonder $1,120,000
Previous Owner Fb Miami Investments Llc $630,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/25/2021 10/25/21 Sold $1,550,000 -6.1% $996 / Sq Ft
08/24/2021 08/24/21 For Sale $1,650,000 0.0% $1,060 / Sq Ft
12/01/2019 12/01/19 Rented $7,500 -11.8% --
11/21/2019 11/21/19 Under Contract -- -- --
04/25/2019 04/25/19 Price Changed $8,500 +7.6% $5 / Sq Ft
04/03/2019 04/03/19 Price Changed $7,900 +5.3% $5 / Sq Ft
04/02/2019 04/02/19 For Rent $7,500 +7.1% --
06/26/2017 06/26/17 Rented $7,000 -17.6% --
05/11/2017 05/11/17 For Rent $8,500 +21.4% --
02/08/2017 02/08/17 Rented $7,000 -12.5% --
01/29/2017 01/29/17 For Rent $8,000 0.0% --
12/09/2013 12/09/13 Sold $1,400,000 -12.5% $854 / Sq Ft
10/31/2013 10/31/13 Pending -- -- --
10/14/2013 10/14/13 For Sale $1,600,000 0.0% $976 / Sq Ft
07/20/2012 07/20/12 Rented $6,000 -7.7% --
06/20/2012 06/20/12 Under Contract -- -- --
06/07/2012 06/07/12 For Rent $6,500 -- --
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 $24,001 $1,335,960 -- --
2024 $22,760 $1,245,395 -- --
2023 $22,760 $1,132,178 $0 $0
2022 $19,339 $1,029,253 $0 $0
2021 $19,109 $989,666 $0 $0
2020 $20,062 $1,036,300 $0 $0
2019 $20,082 $1,036,288 $0 $0
2018 $22,144 $1,177,600 $0 $0
2017 $22,425 $1,177,600 $0 $0
2016 $22,874 $1,177,600 $0 $0
2015 $22,702 $1,145,846 $0 $0
2014 $23,280 $1,145,846 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jeff Miller

    Seller's Agent in 2021

    Jeff Miller

    One Sotheby's International Re

    (305) 610-4509

    2 in this area

    50 Total Sales

    Section Image
  • Tyler Jove

    Buyer's Agent in 2019

    Tyler Jove

    Compass Florida, LLC

    (305) 588-6891

    1 in this area

    5 Total Sales

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  • Lisa Mandel Russo

    Seller's Agent in 2017

    Lisa Mandel Russo

    EXP Realty LLC

    (888) 883-8509

    22 Total Sales

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  • R

    Seller Co-Listing Agent in 2017

    Rick Goldfeder

    MMLS Assoc.-Inactive Member

    Section Image
  • Thibaut Rives De Lavaysse

    Seller's Agent in 2013

    Thibaut Rives De Lavaysse

    Collins International Prop.

    (786) 630-9899

    7 Total Sales

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  • J

    Seller Co-Listing Agent in 2013

    Juliana Verheyen Jewell

    MMLS Assoc.-Inactive Member

    Section Image
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About MEi

Map

Source: MIAMI REALTORS® MLS

MLS Number: A11082997

MIAMI REALTORS® MLS

APN: 02-3214-031-0690

Florida Miami/Dade County Miami Beach 33140 Oceanfront

5875 Collins Ave Unit PH4, Miami Beach, FL

This home is located at 5875 Collins Ave Unit PH4, Miami Beach, FL 33140 since 24 August 2021 and is currently estimated at $1,814,836, approximately $1,166 per square foot. This property was built in 2008. 5875 Collins Ave Unit PH4 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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