Home » Miami Beach » Mei at 5875 Collins Ave Miami Beach » 5875 Collins Ave 501, Miami Beach, FL 33140 | A11544184

For Sale 5875 Collins Ave 501, Miami Beach, FL 33140

$2,595,000
Price has decreased by $1,100,000

Property Highlights

Listing ID A11544184 Status of this Listing: Active For Sale Property Type Residential Condominium 2 Bedrooms 3 Bathrooms Total 2 Full Bath 1 Half Bath Living Space 1,322 Sqft/122.82 m2 approx. Building Area 5,567 Sqft/517.19 m2 approx. COMMUNITY POOL Year Built 2008 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 on Rebonus 277 Day(s)

5875 Collins Ave 501, Miami Beach, FL 33140

Property Description: From breathtaking ocean views to unmatched elegance, Residence 501 at MEi Miami Beach is the perfect opportunity for sophisticated buyers seeking a quintessential seaside escape. This fully furnished, Northeast Corner 2 bed/2.5 bath home updated in 2021 and features contemporary finishes. Unwind in the stunning master suite, or entertain from your private, 4,252 square foot wraparound terrace. With its prime location and endless amenities, this stunning residence is a rare opportunity to experience the ultimate in oceanfront luxury. MEi is a boutique condominium of just 134 residences, offering a 5-star service environment including valet parking, beach access, state of the art pool, fitness center, tea lounge & library, spa, infrared sauna, cold-plunge pool, and much more.

Virtual Open House: 360° Tour 5875 Collins Ave 501

Residential Condominium For Sale located at 5875 Collins Ave 501 Miami Beach FL 33140 in Miami-Dade referenced as ID MLS # A11544184. Find below more comprehensive details about this property. Get in touch with Rebonus, Realtors to arrange a personal viewing or a live video tour, or to submit an offer. If you are a property owner interested in selling a similar property, contact us and receive a free comparative market analysis. We also provide online video calls and meetings.

Useful Info

Previous Asking Price:$2,950,000
Original List Price:$3,695,000
More Listings Same Building:Mei at 5875 Collins Ave Miami Beach

Land Lot (Parcel) Details

Lot Size Unit:Square Feet

Construction

Year Built Details:
  • Newly Updated/renovated
Architectural
Style:
  • High Rise
  • Other
Entry Level (floor):5
Entry Level Location:5
Construction Materials:
  • Block
Flooring:
  • Other
  • Ceramic Tile
Number of stories:22
Number of Units in the Community or Building:134

Property Features

Has View:Yes
View from the Property:
  • Ocean
Waterfront:Yes
Waterfront Features:
  • Ocean Front
  • Intracoastal Access
  • Other
Swimming Pool Features:
  • Heated
  • Association
Security:
  • Smoke Detector(s)
  • Door Man
  • Key Card Entry
  • Elevator Secured
  • Lobby Secured
Furnished:
  • Furnished
Appliances:
  • Dryer
  • Dishwasher
  • Disposal
  • Microwave
  • Refrigerator
  • Washer
  • Built-in Oven
  • Electric Range
  • Self Cleaning Oven
Interior Features:
  • Breakfast Bar
  • Living/dining Room
  • First Floor Entry
  • Breakfast Area
  • Pantry
  • Walk-in Closet(s)
  • Kitchen Island
  • Bedroom On Main Level
  • Built-in Features
  • Bar
  • Main Living Area Entry Level
  • Dual Sinks
Exterior Features:
  • Deck
  • Security/high Impact Doors
  • Balcony
  • Porch
Patio and Porch Features:
  • Deck
  • Balcony
  • Open
  • Porch
  • Wrap Around
Window Features:
  • Blinds
  • Impact Glass
Air Conditioning:Yes
Air Conditioning System:
  • Central Air
  • Electric
Heating:Yes
Heating System:
  • Central
  • Electric

Taxes and Expenses

Tax Annual Amount:$23,377

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:$2,986
Association Fee Frequency:
  • Monthly
Property Tax Status:Tax Reflects City & County Tax

Terms

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

Community

Pets Allowed?:
  • Yes
  • Conditional
Amenities Provided by the Homeowner's Association (HOA):
  • Library
  • Pool
  • Spa/hot Tub
  • Bike Storage
  • Cabana
  • Trash
  • Clubhouse
  • Other
  • Elevator(s)
  • Fitness Center
Subdivision Name:MEI CONDO
Association Fee Includes:
  • Maintenance Grounds
  • Sewer
  • Water
  • Trash
  • Cable Tv
  • Pool(s)
  • Security
  • Maintenance Structure
  • Common Areas
  • Other
  • Association Management
  • Insurance
  • Internet
  • Hot Water
  • Hvac
Complex Name:MEI CONDOMINIUM
Senior Community:No
Development Name:MEI CONDOMINIUM
Restrictions: Other Restrictions

Parking

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

More Details

Other Information:
Unit ViewOcean View,Direct Ocean
Housing Older Persons ActNo HOPA
Unit DesignCorner Unit,High Rise,Other
Type of AssociationCondo
Minimum Number of Days for Lease180
Type of Governing BodiesHomeowner Association
Pet Fee0
Tax InformationTax Reflects City & County Tax
Number of times allowed to lease per year2
Flood ZoneAE
Homeowner's Association Application Fee150
Style Condo 5+ Stories
FEMA Flood Zone DesignationsAE
Municipal Code2
Subdivision Number31
Water Access Description:Deeded Beach Access,Other

Zoning and Legal

Tax Legal Description:MEI CONDO UNIT 501 UNDIV 0.764556350% INT IN COMMON ELEMENTS OFF REC 26354-2290
Real Estate Folio Number (Parcel Number):02-32-14-031-0030
Public Survey Township:2
Public Survey Range:32
Public Survey Section:14

Listing History

Update/EventDate/Days
Published Date:March 5, 2024 7:34 pm
On Market Date:March 5, 2024
Price Change Date Time:October 31, 2024 7:38 am
Last Important Update Description:Price Change
Date and Time of Last Important Update:October 31, 2024 7:38 am
Status Last Changed:March 5, 2024 7:34 pm
Photos Last Modified:June 21, 2024 3:56 pm
Last Modified:October 31, 2024 11:38 am
Days on the Market Reference Date:October 31, 2024
Days on the Market (updated on Last Modified*):240
Cumulative Days on the Market (updated on Last Modified**):240

Additional Information

Unit Location:Corner Unit,High Rise,Other
Number of Photos:34
Location:,,
Included:,,
Area:32
Courtesy of:Compass Florida, LLC.
Universal Property Id:US-12086-N-0232140310030-R-N

Location

Show Property Address:Yes
Street Name:Collins Ave
Street Number:5875
Street Address:5875 Collins Ave 501
Unit Number:501
City : Miami Beach
State : Florida
Zip Code : 33140
County : Miami-Dade
Full Address:5875 Collins Ave 501, Miami Beach, FL 33140
Latitude:N25° 50' 27.2''
Longitude:W81° 52' 46.4''

Neighborhood

Postal City:Miami Beach

Property Map

Mortgage Calculator

Please note: The calculator shows the current listing asking price as home value. Update all fields at your convenience.

Calculate Your Mortgage Payment

$.00
$.00
6.5
30

Taxes and Insurance

$.00
$.00
%

Financial Analysis

%

%

$

$

$

$

$