Home » Miami Beach » 57 Ocean Condo at 5775 Collins Ave Miami Beach » 5775 Collins Ave 504, Miami Beach, Florida 33140 | A11373211

5775 Collins Ave 504, Miami Beach, Florida 33140 | Sold

$2,495,000
closed for a price of $2,250,000

Property Highlights

Listing ID A11373211 Status of this Listing: Closed Sold Property Type Residential Condominium 2 Bedrooms 3 Bathrooms Total 2 Full Bath 1 Half Bath Living Space 1,262 Sqft/117.24 m2 approx. Building Area 1,262 Sqft/117.24 m2 approx. COMMUNITY POOL Year Built 2021 Has view of the Ocean Lease Term Minimum Duration: 90 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 90 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 98 Days
31 Photos of this Property

5775 Collins Ave 504, Miami Beach, Florida 33140

Property Description: Experience Miami Beach 's finest oceanfront living at 57 Ocean. Designed by Arquitectonica the beautiful residence features 2-bedroom, 2.5 with a private elevator that opens directly into the foyer, providing exclusive access and unparalleled privacy. The property boasts an open floor plan, featuring a spacious living room with large windows providing plenty of natural light and stunning views. The spacious kitchen equipped with Wolf and Sub-Zero appliances and a large Island. The primary bedroom includes a luxurious ensuite bathroom with modern, high-end finishes, large soaking tub, a separate shower, and dual vanities. Large terrace, perfect for outdoor dining, entertaining, and enjoying the spectacular views of the city and the ocean. Amenities include - pool, gym, valet, concierge.

Useful Info

Contingency:No Contingencies
Previous Asking Price:$2,685,000
Original List Price:$2,685,000
Close Price:$2,250,000

Land Lot (Parcel) Details

Lot Size Unit:Square Feet

Construction

Year Built Details:
  • Resale
Architectural Style:
  • High Rise
Entry Level (floor):504
Entry Level Location:504
Construction Materials:
  • Block
Flooring:
  • Tile
Number of stories:19

Property Features

Has View:Yes
View from the Property:
  • Intercoastal
  • Ocean
Waterfront:No
Swimming Pool Features:
  • Association
Accessibility Features:
  • Accessible Elevator Installed
Appliances:
  • Dryer
  • Dishwasher
  • Disposal
  • Microwave
  • Refrigerator
  • Washer
Interior Features:
  • Living/dining Room
  • Breakfast Area
  • Bedroom On Main Level
  • Built-in Features
  • Elevator
  • Separate Shower
  • Dual Sinks
Exterior Features:
  • Security/high Impact Doors
Air Conditioning:Yes
Air Conditioning System:
  • Central Air
Heating:Yes
Heating System:
  • Central

Taxes and Expenses

Tax Annual Amount:$31,200

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:2022
Association Fee:$3,200
Association Fee Frequency:
  • Monthly

Terms

Listing Terms Considered by Seller:
  • Cash
  • Conventional
  • Other
Occupant Type:
  • Owner
Buyer Possession:
  • Close Of Escrow
Buyer Financing:
  • Cash
Lease Considered:No

Community

Pets Allowed?:
  • Yes
  • Conditional
Amenities Provided by the Homeowner's Association (HOA):
  • Business Center
  • Pool
  • Sauna
  • Spa/hot Tub
  • Trash
  • Elevator(s)
  • Fitness Center
Subdivision Name:57 Ocean
Association Fee Includes:
  • Sewer
  • Water
  • Trash
  • Pool(s)
  • Association Management
  • Parking
  • Hot Water
Complex Name:57 Ocean
Senior Community:No
Restrictions: OK To Lease

Parking

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

More Details

Other Information:
Unit View: Intracoastal View,Ocean View
Housing Older Persons Act: No HOPA
Buy State: Georgia
Unit Design: High Rise
Type of Association: Condo
Minimum Number of Days for Lease: 90
Type of Governing Bodies: Condominium
Tax Information: Tax Reflects City & County Tax
Buyer Country of Residence: USA
Number of times allowed to lease per year: 3
Homeowner's Association Application Fee: 200
Style: Condo 5+ Stories
Municipal Code: 0
Subdivision Number: 32

Zoning and Legal

Tax Legal Description:57 OCEAN CONDO UNIT 504 UNDIV 0.8643% INT IN COMMON ELEMENTS OFF REC 32797-1625
Real Estate Folio Number (Parcel Number):02-32-11-032-0450
Public Survey Township:50
Public Survey Range:32
Public Survey Section:11

Listing History

Update/EventDate/Days
Published Date:April 26, 2023 4:57 pm
On Market Date:April 26, 2023
Close Date:August 2, 2023
Price Change Date Time:June 7, 2023 2:58 pm
Last Important Update Description:Closed
Date and Time of Last Important Update:August 2, 2023 6:10 pm
Status Last Changed:August 2, 2023 6:10 pm
Photos Last Modified:April 29, 2023 1:06 pm
Last Modified:August 2, 2023 10:11 pm
Days on the Market (updated on Last Modified*):62
Cumulative Days on the Market (updated on Last Modified**):62

Additional Information

Unit Location:High Rise
Number of Photos Count:31
Area:32
Ref ID:1035851491
Automated Valuation Display:Yes
Courtesy of:Compass Florida, LLC
Universal Property Id:US-12025-N-0232110320450-R-N

Location

Show Property Address:Yes
Street Name:Collins Ave
Street Number:5775
Street Address:5775 Collins Ave 504
Unit Number:504
City : Miami Beach
State : Florida
Zip Code : 33140
County : Miami-Dade County
Full Address:5775 Collins Ave 504, Miami Beach, Florida 33140
Latitude:N25° 50' 21.4''
Longitude:W81° 52' 46.6''

Neighborhood

Postal City:Miami Beach

Property Map

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