NOT LISTED FOR SALE

MEi 5875 Collins Ave Unit PH6 Miami Beach, FL 33140

Oceanfront Neighborhood

Estimated Value: $1,677,000 - $2,308,000

2 Beds
2.5 Baths
1,707 Sq Ft
2008 Built

Last Sold February 09, 2024

Last sale price $2,200,000 $1,289 Per Sq Ft

Est. 9% decrease in value since last sale

Current estimated payment $13,318/month

317 Days on Market

Highlights

  • Valet Parking
  • Ocean Front
  • Fitness Center
  • North Beach Elementary School Rated A-
  • Private Beach Pavilion
  • Penthouse

About This Home

As of February 2024

Magnificent two-story Penthouse outfitted by Ornare with custom kitchen, bathrooms, built-ins, wardrobes and doors. Other fine details feature genuine marble flooring, custom ceiling and lighting and automated window shades throughout. Enjoy clearing upper floor views of the ocean, bay, golf course and intracoastal all backlit by the glittering downtown skyline in the evenings. Generous outdoor space with two terraces, this Penthouse's southern location has great natural light. Perfectly located within Miami Beach, Mei is an exclusive building with a limited number of residences and phenomenal amenities and services.

Last Agent to Sell the Property

Ryan Mendell

Maxwell E Realty Inc License #3012816 Listed on: 03/08/2023

Co-Listed By

Nastasia Stierli

Maxwell E Realty Inc License #3310938

Last Buyer's Agent

Katarzyna Maslanka

The K Company Realty, LLC License #3283917

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $20,910

Year Built

  • Built in 2008

Parking

  • 2 Car Parking Spaces

Property Views

Home Design

  • Penthouse
  • Split Level Home
  • Entry on the 22nd floor

Interior Spaces

  • 1,707 Sq Ft Home
  • Built-In Features
  • Blinds
  • Marble Flooring

Kitchen

  • Built-In Oven
  • Electric Range
  • Microwave

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Closet Cabinetry
  • Dual Sinks

Home Security

Additional Features

  • Ocean Front
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 02-32-14-031-1000

Community Details

Overview

  • Property has a Home Owners Association
  • Mei Condo
  • Mei Condo,Mei Condo Subdivision, Penthouse Floorplan
  • 22-Story Property

Amenities

  • Valet Parking
  • Secure Lobby
  • Bike Room

Recreation

  • Private Beach Pavilion

Pet Policy

  • Breed Restrictions

Building Details

  • Maintenance Expense $3,309

Security

  • Complete Impact Glass
  • High Impact Door
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$20,910

Year Built

Built in 2008

Lot Details

0

Listing Details

  • Property Type: Residential
  • Year Built: 2008
  • Property Sub Type: Condominium
  • Architectural Style: Penthouse, Split Level
  • Co List Office Mls Id: MAXW01
  • Co List Office Phone: 305-830-1000
  • Entry Level: 22
  • Garage Yn: No
  • Horses: No
  • Inclusions: Deeded Beach Access
  • Master Model: Penthouse
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Condo 5+ Stories, Condo
  • Subdivision Name: MEI CONDO,Mei Condo
  • Year Built Details: Resale
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Microwave, Electric Range, Refrigerator, Wall Oven
  • Interior Amenities: First Floor Entry, Second Floor Entry, Built-in Features, Closet Cabinetry, Other
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Door Features: High Impact Doors
  • Flooring: Marble
  • Furnished: Unfurnished
  • Living Area: 1707
  • Possible Use: Unknown/Withheld
  • Stories: 22
  • Window Features: Complete Impact Glass, Blinds
  • Bedroom Features: Other
  • Master Bathroom Features: Dual Sinks

Exterior Features

  • View: Bay, Intracoastal View, Ocean View, Skyline
  • Exterior Features: Open Balcony
  • Patio And Porch Features: Open Balcony
  • Pool Private: Yes
  • View: Yes
  • Waterfront Features: 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
  • Heating Yn: Yes
  • Security: Smoke Detector, Lobby Secured, Other

Condo/Co-op/Association

  • Amenities: Bike Storage, Exercise Room, Other, Private Beach Pavilion, Private Pool
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Lot Info

  • Parcel Number: 02-32-14-031-1000
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Restrictions Or Possible Restrictions

Multi Family

  • Maintenance Expense: 3309

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 20910

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 8, 2023
Closed on
Feb 9, 2024
Sold by
Nichol Doherty Family Living Trust
Bought by
Costello Robert and Petras Alexis
Seller's Agent
Ryan Mendell
Maxwell E Realty Inc
Buyer's Agent
Katarzyna Maslanka
The K Company Realty, LLC
List Price
$2,495,000
Sold Price
$2,200,000
Premium/Discount to List
-$295,000
-11.82%
Views
169
Current Estimated Value
$2,007,174

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$192,826
Avg. Annual Appreciation
-5.28%

Purchase Details

Listed on
Aug 17, 2018
Closed on
Mar 1, 2022
Sold by
Ricardo S Malfitano Irrevocable Trust
Bought by
Nichol Doherty Family Living Trust
Seller's Agent
Ryan Mendell
Maxwell E Realty Inc
Buyer's Agent
Monica Posada
Momentum Luxury Real Estate, LLC.
Sold Price
$2,150,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.19%

Purchase Details

Closed on
Dec 21, 2020
Sold by
Malfitano Ricardo
Bought by
Malfitano Ricardo S and Malfitano Ricardo S

Purchase Details

Closed on
Nov 2, 2020
Sold by
Malfitano Ricardo and Malfitano Adriana N
Bought by
Malfitano Ricardo

Purchase Details

Closed on
Sep 28, 2011
Sold by
Pmg Collins Llc
Bought by
Malfitano Ricardo and Malfitano Adriana N
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
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

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Costello Robert $2,200,000 Clear Title
Nichol Doherty Family Living Trust $2,150,000 Peninsula Title
Malfitano Ricardo S -- Attorney
Malfitano Ricardo -- Attorney
Malfitano Ricardo $1,000,000 Attorney
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/09/2024 02/09/24 Sold $2,200,000 -8.1% $1,289 / Sq Ft
01/20/2024 01/20/24 Pending -- -- --
12/04/2023 12/04/23 Price Changed $2,395,000 -4.0% $1,403 / Sq Ft
09/26/2023 09/26/23 Price Changed $2,495,000 0.0% $1,462 / Sq Ft
09/26/2023 09/26/23 For Sale $2,495,000 +13.4% $1,462 / Sq Ft
09/10/2023 09/10/23 Off Market $2,200,000 -- --
09/10/2023 09/10/23 For Sale $2,695,000 +22.5% $1,579 / Sq Ft
06/14/2023 06/14/23 Off Market $2,200,000 -- --
03/08/2023 03/08/23 For Sale $2,695,000 +25.3% $1,579 / Sq Ft
03/01/2022 03/01/22 Sold $2,150,000 0.0% $1,290 / Sq Ft View Prior Sale
02/15/2022 02/15/22 Pending -- -- --
10/26/2021 10/26/21 For Sale -- -- --
08/31/2021 08/31/21 Off Market $2,150,000 -- --
08/31/2021 08/31/21 For Sale $1,995,000 -7.2% $1,197 / Sq Ft
07/07/2021 07/07/21 Off Market $2,150,000 -- --
05/02/2021 05/02/21 Price Changed $1,995,000 +14.1% $1,197 / Sq Ft
05/01/2020 05/01/20 Price Changed $1,749,000 0.0% $1,049 / Sq Ft
10/04/2018 10/04/18 Rented $7,450 -5.7% --
08/16/2018 08/16/18 For Rent $7,900 0.0% --
08/16/2018 08/16/18 For Sale $1,849,000 -- $1,109 / Sq Ft
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 $32,478 $1,728,340 -- --
2024 $32,660 $1,728,340 -- --
2023 $32,660 $1,728,340 $0 $0
2022 $20,910 $1,112,883 $0 $0
2021 $20,661 $1,070,080 $0 $0
2020 $21,807 $1,126,400 $0 $0
2019 $21,828 $1,126,400 $0 $0
2018 $15,325 $856,009 $0 $0
2017 $15,188 $838,403 $0 $0
2016 $15,162 $821,159 $0 $0
2015 $15,356 $815,451 $0 $0
2014 $15,620 $808,980 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Ryan Mendell

    Seller's Agent in 2024

    Ryan Mendell

    Maxwell E Realty Inc

    (305) 804-5424

    5 in this area

    79 Total Sales

    Ryan Mendell
    Section Image

  • N

    Seller Co-Listing Agent in 2024

    Nastasia Stierli

    Maxwell E Realty Inc

    (305) 830-1000

    2 in this area

    5 Total Sales

    Nastasia Stierli
    Section Image

  • K

    Buyer's Agent in 2024

    Katarzyna Maslanka

    The K Company Realty, LLC

  • Monica Posada

    Buyer's Agent in 2022

    Monica Posada

    Momentum Luxury Real Estate, LLC.

    (305) 785-1688

    1 in this area

    43 Total Sales

    Monica Posada
    Section Image

  • J

    Buyer's Agent in 2018

    John Dolle

    MMLS Assoc.-Inactive Member

See All Agents

About MEi

Map

Source: MIAMI REALTORS® MLS

MLS Number: A11352013

MIAMI REALTORS® MLS

APN: 02-3214-031-1000

Florida Miami/Dade County Miami Beach 33140 Oceanfront

5875 Collins Ave Unit PH6, Miami Beach, FL

This home is located at 5875 Collins Ave Unit PH6, Miami Beach, FL 33140 since 08 March 2023 and is currently estimated at $2,007,174, approximately $1,175 per square foot. This property was built in 2008. 5875 Collins Ave Unit PH6 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.

Nearby Homes