Home » Miami Beach » Towerhouse Condo at 5500 Collins Ave Miami Beach » 5500 Collins Ave 1602, Miami Beach, Florida 33140 | A11360145

5500 Collins Ave 1602, Miami Beach, Florida 33140 | Sold

$1,550,000
closed for a price of $1,350,000

Property Highlights

Listing ID A11360145 Status of this Listing: Closed Sold Property Type Residential Condominium 2 Bedrooms 4 Bathrooms Total 3 Full Bath 1 Half Bath Living Space 2,827 Sqft/262.64 m2 approx. Building Area 2,827 Sqft/262.64 m2 approx. COMMUNITY POOL Year Built 1974 Waterfront Lease Term Minimum Duration: 1825 What it means?Refers to a regulation set by the property association, stipulating that each rental agreement for the property must be for a duration of at least 1825 days. This rule ensures that every time the property is rented out, the lease term cannot be shorter than the specified minimum period. Time of this property from published date until Closing Date 100 Days
27 Photos of this Property

5500 Collins Ave 1602, Miami Beach, Florida 33140

Property Description: Incredible opportunity to bring your designer/architect to redesign this special space and make it your own! This almost 3,000 SF unit has breathtaking open water views of the Indian Creek canal, Biscayne Bay and the Miami skyline. Enjoy spectacular sunsets and boats cruising by from your large newly renovated balcony. Currently configured as a 2-Bed, 3.5-Bath, it is easy to convert to a 3-Bed. Towerhouse is a full-service condo with 24hr front desk, concierge, valet, in-house restaurant, pool, fitness room and tennis court! Prime Miami Beach location on “Millionaire’s Row” across from the beach, near Fontainebleau Hotel, Soho House and Faena District. Only minutes to Bal Harbour and South Beach, as well as easy access to Miami Intl. Airport. *Some images have been virtually staged.*

Useful Info

Contingency:No Contingencies
Previous Asking Price:$1,795,000
Original List Price:$1,795,000
Close Price:$1,350,000
If Bank REO, Short Sale, As Is, etc.:
  • Listed As-is

Land Lot (Parcel) Details

Lot Size Unit:Square Feet

Construction

Year Built Details:
  • Resale
Architectural Style:
  • Other
Entry Level (floor):16
Entry Level Location:16
Construction Materials:
  • Other
Flooring:
  • Other
Number of stories:24

Property Features

Has View:Yes
View from the Property:
  • Canal
  • City
  • Bay
Waterfront:Yes
Waterfront Features:
  • Ocean Access
  • Other
Swimming Pool Features:
  • Association
Security:
  • Smoke Detector(s)
Appliances:
  • Dryer
  • Dishwasher
  • Microwave
  • Washer
  • Built-in Oven
  • Electric Range
Interior Features:
  • Eat-in Kitchen
  • Living/dining Room
  • Breakfast Area
  • Dining Area
  • Separate/formal Dining Room
  • Other
Air Conditioning:Yes
Air Conditioning System:
  • Central Air

Taxes and Expenses

Tax Annual Amount:$15,913

Property Tax Notice for Buyers: Do not rely on the current property taxes paid by the seller, as your tax liabilities may increase following the sale. Transferring ownership or making improvements to the property often triggers tax reassessments, which could raise the amount you owe. If you have questions regarding property valuation, please contact the County Property Appraiser’s Office.

Tax Year:2021
Association Fee:$3,495
Association Fee Frequency:
  • Monthly
Association Fee 3rd HOA:$3,495
Association Fee 3rd HOA Frequency:
  • Monthly

Terms

Listing Terms Considered by Seller:
  • Cash
  • Conventional
Occupant Type:
  • Vacant
Buyer Possession:
  • Closing & Funding
Buyer Financing:
  • Cash
Lease Considered:No

Community

Pets Allowed?:
  • Yes
  • Conditional
Amenities Provided by the Homeowner's Association (HOA):
  • Pool
  • Elevator(s)
  • Fitness Center
  • Tennis Court(s)
Subdivision Name:TOWERHOUSE CONDO
Association Fee Includes:
  • Sewer
  • Water
  • Trash
  • Pool(s)
  • Security
  • Common Areas
  • Association Management
  • Hot Water
Complex Name:Towerhouse Condo
Senior Community:No
Restrictions: Other Restrictions

Parking

Garage:Yes
Garage Spaces:2
Covered Spaces:2
Parking Features:
  • Two Or More Spaces

More Details

Other Information:
Unit View: Bay,Canal,Skyline View
Housing Older Persons Act: Unverified
Water Access: Other
Unit Design: Other
Type of Association: Condo
Minimum Number of Days for Lease: 1825
Type of Governing Bodies: Condominium
Tax Information: Tax Reflects No Exemptions
Buyer Country of Residence: Unknown/Withheld
Number of times allowed to lease per year: 1
Flood Zone : AE
Homeowner's Association Application Fee: 100
Style: Condo 5+ Stories
FEMA Flood Zone Designations: AE
Municipal Code: 2
Subdivision Number: 8

Zoning and Legal

Tax Legal Description:TOWER HOUSE CONDO UNIT 1602-16TH FLOOR UNDIV 1.1407370% INT IN COMMON ELEMENTS CLERKS FILE 74R 211732 OR 16216-538 1293 5
Real Estate Folio Number (Parcel Number):02-32-14-008-0570
Public Survey Township:2
Public Survey Range:32
Public Survey Section:14

Listing History

Update/EventDate/Days
Published Date:March 22, 2023 12:00 am
On Market Date:March 22, 2023
Close Date:June 30, 2023
Price Change Date Time:May 16, 2023 10:22 am
Last Important Update Description:Closed
Date and Time of Last Important Update:July 5, 2023 9:37 am
Status Last Changed:July 5, 2023 9:37 am
Photos Last Modified:March 22, 2023 5:17 pm
Last Modified:July 5, 2023 1:37 pm
Days on the Market (updated on Last Modified*):73
Cumulative Days on the Market (updated on Last Modified**):73

Additional Information

Unit Location:Other
Number of Photos Count:27
Area:32
Ref ID:1034613694
Courtesy of:Douglas Elliman
Universal Property Id:US-12025-N-0232140080570-R-N

Location

Show Property Address:Yes
Street Name:Collins Ave
Street Number:5500
Street Address:5500 Collins Ave 1602
Unit Number:1602
City : Miami Beach
State : Florida
Zip Code : 33140
County : Miami-Dade County
Full Address:5500 Collins Ave 1602, Miami Beach, Florida 33140
Latitude:N25° 50' 3.9''
Longitude:W81° 52' 43.1''

Neighborhood

Postal City:Miami Beach

Property Map

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