Home » Miami Beach » Towerhouse Condo at 5500 Collins Ave Miami Beach » 5500 Collins Ave 503, Miami Beach, FL 33140 | A11390861

5500 Collins Ave 503, Miami Beach, FL 33140 | Sold

$1,200,000
closed for a price of $1,100,000

Property Highlights

Listing ID A11390861 Status of this Listing: Closed Sold Property Type Residential Condominium 2 Bedrooms 3 Bathrooms Total 3 Full Bath Living Space 2,827 Sqft/262.64 m2 approx. Building Area 2,827 Sqft/262.64 m2 approx. Year Built 1974 Waterfront Has view of the Ocean Lease Term Minimum Duration: 365 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 365 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 87 Days
49 Photos of this Property

5500 Collins Ave 503, Miami Beach, FL 33140

Property Description: Presenting a unit with unlimited Floorplan potential and unobstructed views of Miami Beach Intracoastal, Biscayne Bay, and downtown Miami. This spacious floorplan has large living areas, perfect for entertaining with hurricane-impact windows and doors. The Tower House is a full-service building with a doorman and Concierge, 24-hour services, a private restaurant, and many more amenities.

Useful Info

Contingency:Pending Inspections
Original List Price:$1,200,000
Close Price:$1,100,000
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:
  • Coach/carriage
Entry Level (floor):7
Entry Level Location:7
Construction Materials:
  • Block
  • Brick
Flooring:
  • Other
  • Ceramic Tile
Number of stories:25

Property Features

Has View:Yes
View from the Property:
  • Pool
  • Intercoastal
  • Ocean
  • Water
  • Canal
  • City
  • Tennis Court
Waterfront:Yes
Waterfront Features:
  • Ocean Access
  • Bay Front
  • Canal Access
Security:
  • Closed Circuit Camera(s)
  • Complex Fenced
  • Other
Appliances:
  • Dryer
  • Dishwasher
  • Refrigerator
  • Washer
  • Electric Range
  • Trash Compactor
Interior Features:
  • Eat-in Kitchen
  • Living/dining Room
  • First Floor Entry
  • Breakfast Area
  • High Ceilings
  • Walk-in Closet(s)
  • Closet Cabinetry
  • Bedroom On Main Level
  • Built-in Features
  • Elevator
  • Bidet
Exterior Features:
  • Security/high Impact Doors
  • Balcony
Patio and Porch Features:
  • Balcony
  • Open
  • Screened
Window Features:
  • Impact Glass
Green Energy Efficient:
  • Windows
Air Conditioning:Yes
Air Conditioning System:
  • Electric
Heating:Yes
Heating System:
  • Electric

Taxes and Expenses

Tax Annual Amount:$15,886

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 Frequency:
  • Monthly
Association Fee 3rd HOA:$3,527
Association Fee 3rd HOA Frequency:
  • Monthly

Terms

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

Community

Amenities Provided by the Homeowner's Association (HOA):
  • Boat Dock
  • Spa/hot Tub
  • Bike Storage
  • Barbecue
  • Picnic Area
Subdivision Name:TOWERHOUSE CONDO
Association Fee Includes:
  • Maintenance Grounds
  • Sewer
  • Water
  • Trash
  • Cable Tv
  • Pest Control
  • Pool(s)
  • Security
  • Association Management
  • Parking
  • Reserve Fund
  • Recreation Facilities
  • Hvac
Complex Name:TOWERHOUSE CONDO
Senior Community:No
Restrictions: No Recreational Vehicles RV, No Truck, Other Restrictions, OK To Lease

Parking

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

Utilities

Utilities Available:
  • Cable Available

More Details

Other Information:
Unit View: Canal,Intracoastal View,Ocean View,Pool Area View,Skyline View,Tennis Court View,Water View
Housing Older Persons Act: Unverified
Water Access: Other
Unit Design: Coach Home
Type of Association: Condo
Minimum Number of Days for Lease: 365
Type of Governing Bodies: Condominium
Tax Information: Tax Reflects City & County Tax
Buyer Country of Residence: Unknown/Withheld
Number of times allowed to lease per year: 1
Flood Zone : AE
Homeowner's Association Application Fee: 100
Rooms Description: Family Room,Florida Room
Style: Condo 5+ Stories
FEMA Flood Zone Designations: AE
Municipal Code: 12
Subdivision Number: 8

Zoning and Legal

Tax Legal Description:TOWER HOUSE CONDO UNIT 503 - 5TH FLOOR UNDIV 1.1407370% INT IN COMMON ELEMENTS CLERKS FILE 74R 211732 OR 16612-0341 1294 1
Real Estate Folio Number (Parcel Number):02-32-14-008-0180
Public Survey Township:12
Public Survey Range:32
Public Survey Section:14

Listing History

Update/EventDate/Days
Published Date:June 23, 2023 3:09 pm
On Market Date:June 23, 2023
Close Date:September 18, 2023
Price Change Date Time:May 20, 2023 8:40 am
Last Important Update Description:Closed
Date and Time of Last Important Update:September 19, 2023 3:56 pm
Status Last Changed:September 19, 2023 3:56 pm
Photos Last Modified:July 17, 2023 4:36 pm
Last Modified:September 19, 2023 7:56 pm
Days on the Market (updated on Last Modified*):37
Cumulative Days on the Market (updated on Last Modified**):37

Additional Information

Unit Location:Coach Home
Number of Photos Count:49
Area:32
Ref ID:1038539997
Automated Valuation Display:Yes
Courtesy of:Caralex Intl Realty Group Corp
Universal Property Id:US-12025-N-0232140080180-R-N

Location

Show Property Address:Yes
Street Name:Collins Ave
Street Number:5500
Street Address:5500 Collins Ave 503
Unit Number:503
City : Miami Beach
State : Florida
Zip Code : 33140
County : Miami-Dade County
Full Address:5500 Collins Ave 503, Miami Beach, FL 33140
Latitude:N25° 50' 3.9''
Longitude:W81° 52' 43.1''

Neighborhood

Postal City:Miami Beach

Property Map

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