Home » Miami Beach » 57 Ocean Condo at 5775 Collins Ave Miami Beach » 5775 Collins Ave PH-2, Miami Beach, FL 33140 | A11478573

5775 Collins Ave PH-2, Miami Beach, FL 33140 | Sold

$29,750,000
closed for a price of $25,000,000

Property Highlights

Listing ID A11478573 Status of this Listing: Closed Sold Property Type Residential Condominium 6 Bedrooms 7 Bathrooms Total 7 Full Bath Living Space 6,461 Sqft/600.25 m2 approx. Building Area 9,179 Sqft/852.76 m2 approx. COMMUNITY POOL Year Built 2021 Waterfront Has view of the Ocean Lease Term Minimum Duration: 180 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 180 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 161 Days
1 Photos of this Property

5775 Collins Ave PH-2, Miami Beach, FL 33140

Property Description: Step Inside With Me!

Useful Info

Contingency:No Contingencies
Previous Asking Price:$32,950,000
Original List Price:$32,950,000
Close Price:$25,000,000

Land Lot (Parcel) Details

Lot Size Unit:Square Feet

Construction

Year Built Details:
  • Resale
Architectural Style:
  • Penthouse
Entry Level (floor):18
Entry Level Location:18
Construction Materials:
  • Block
Flooring:
  • Wood
Number of stories:19

Property Features

View from the Property:
  • Ocean
  • City
Waterfront:Yes
Waterfront Features:
  • Ocean Front
Swimming Pool Features:
  • Association
Security:
  • Door Man
  • Security Guard
  • Elevator Secured
Appliances:
  • Dryer
  • Dishwasher
  • Refrigerator
  • Washer
  • Built-in Oven
  • Electric Range
Interior Features:
  • Living/dining Room
  • Pantry
  • Walk-in Closet(s)
  • Entrance Foyer
  • Bar
  • Elevator
  • Sitting Area In Primary
  • Separate Shower
  • Dual Sinks
Exterior Features:
  • Security/high Impact Doors
  • Barbecue
  • Balcony
Patio and Porch Features:
  • Balcony
  • Open
Air Conditioning:Yes
Air Conditioning System:
  • Central Air
  • Electric
Heating:Yes
Heating System:
  • Central
  • Electric

Taxes and Expenses

Tax Annual Amount:$234,732

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:2023
Association Fee:$16,706
Association Fee Frequency:
  • Monthly
Property Tax Status:Tax Reflects No Exemptions

Terms

Listing Terms Considered by Seller:
  • Cash
Occupant Type:
  • Call Agent
Buyer Possession:
  • Closing & Funding
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
  • Cabana
  • Clubhouse
  • Barbecue
  • Elevator(s)
  • Fitness Center
  • Picnic Area
Subdivision Name:AMD PL OF 2ND OCEAN FRONT
Association Fee Includes:
  • Maintenance Grounds
  • Sewer
  • Water
  • Trash
  • Cable Tv
  • Pool(s)
  • Security
  • Maintenance Structure
  • Insurance
  • Parking
  • Amenities
Complex Name:57 Ocean
Senior Community:No
Restrictions: Other Restrictions

Parking

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

More Details

Other Information:
Unit View: Direct Ocean,Skyline View
Housing Older Persons Act: No HOPA
Water Access: Unrestricted Salt Water Access
Unit Design: Penthouse
Type of Association: Condo
Minimum Number of Days for Lease: 180
Type of Governing Bodies: Condominium
Tax Information: Tax Reflects No Exemptions
Number of times allowed to lease per year: 2
Homeowner's Association Application Fee: 100
Rooms Description: Den/Library/Office,Family Room,Media Room,Utility Room/Laundry
Style: Condo 5+ Stories
Municipal Code: 2
Subdivision Number: 32
Buyer Country of Residence: Unknown/Withheld
Water Access Description:Unrestricted Salt Water Access

Zoning and Legal

Tax Legal Description:57 OCEAN CONDO UNIT PH-2 UNDIV 4.1627% INT IN COMMON ELEMENTS OFF REC 32797-1625
Real Estate Folio Number (Parcel Number):02-32-11-032-0690
Public Survey Township:2
Public Survey Range:32
Public Survey Section:11

Listing History

Update/EventDate/Days
Published Date:November 1, 2023 11:00 am
On Market Date:November 1, 2023
Close Date:April 10, 2024
Price Change Date Time:January 3, 2024 10:02 am
Last Important Update Description:Closed
Date and Time of Last Important Update:April 11, 2024 12:52 pm
Status Last Changed:April 11, 2024 12:52 pm
Photos Last Modified:March 5, 2024 2:49 pm
Last Modified:April 11, 2024 4:53 pm
Days on the Market Reference Date:April 11, 2024
Days on the Market (updated on Last Modified*):125
Cumulative Days on the Market (updated on Last Modified**):125

Additional Information

Unit Location:Penthouse
Number of Photos Count:1
Area:32
Ref ID:1046636315
Automated Valuation Display:Yes
Courtesy of:Douglas Elliman
Universal Property Id:US-12025-N-0232110320690-R-N

Location

Show Property Address:Yes
Street Name:Collins Ave
Street Number:5775
Street Address:5775 Collins Ave PH-2
Unit Number:PH-2
City : Miami Beach
State : Florida
Zip Code : 33140
County : Miami-Dade County
Full Address:5775 Collins Ave PH-2, Miami Beach, FL 33140
Latitude:N25° 50' 21.4''
Longitude:W81° 52' 46.6''

Neighborhood

Postal City:Miami Beach

Property Map

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