Home » Miami Beach » Mei at 5875 Collins Ave Miami Beach » 5875 Collins Ave 1005, Miami Beach, FL 33140 | A11546099

5875 Collins Ave 1005, Miami Beach, FL 33140 | Sold

$1,400,000
closed for a price of $1,315,000

Property Highlights

Listing ID A11546099 Status of this Listing: Closed Sold Property Type Residential Condominium 2 Bedrooms 3 Bathrooms Total 2 Full Bath 1 Half Bath Living Space 1,097 Sqft/101.91 m2 approx. Building Area 1,097 Sqft/101.91 m2 approx. 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 from published date until Closing Date 86 Days
33 Photos of this Property

5875 Collins Ave 1005, Miami Beach, FL 33140

Property Description: Indulge yourself in luxury resort living all year round at MEI. Enjoy owning this beautiful, ample, and bright 2-bedroom, 2.5-bath residence with incredible views of the ocean/Intracoastal/city. Living/dining area w/open kitchen featuring contemporary Italian design, wood cabinetry/glass, and top-of-the-line original stainless steel appliances in impeccable condition. Some upgrades include solid wood/glass doors in both bedrooms and all bathrooms, mosaic backsplash in the kitchen and bathrooms, a glass-enclosed shower, and a custom walking closet in the master bedroom. MEI combines understated elegance, modern design, and comfort to make your living here an amazing experience.

Useful Info

Contingency:No Contingencies
Original List Price:$1,400,000
Close Price:$1,315,000
More Listings Same Building:Mei at 5875 Collins Ave Miami Beach

Land Lot (Parcel) Details

Lot Size Unit:Square Feet

Construction

Year Built Details:
  • Resale
Architectural Style:
  • Split-level
Levels:Multi/Split
Entry Level (floor):10
Entry Level Location:10
Construction Materials:
  • Block
Flooring:
  • Other
Number of stories:22

Property Features

Has View:Yes
View from the Property:
  • Ocean
  • City
Waterfront:Yes
Waterfront Features:
  • Ocean Access
  • Ocean Front
Security:
  • Smoke Detector(s)
  • Door Man
  • Key Card Entry
  • Elevator Secured
  • Lobby Secured
Furnished:
  • Unfurnished
Appliances:
  • Dryer
  • Dishwasher
  • Microwave
  • Refrigerator
  • Washer
  • Built-in Oven
  • Electric Range
  • Electric Water Heater
Interior Features:
  • Eat-in Kitchen
  • Living/dining Room
  • Breakfast Area
  • Split Bedrooms
  • Walk-in Closet(s)
  • Bedroom On Main Level
  • Dual Sinks
Exterior Features:
  • Balcony
Patio and Porch Features:
  • Balcony
  • Open
Window Features:
  • Impact Glass
Air Conditioning:Yes
Air Conditioning System:
  • Other
  • Central Air
Heating System:
  • Other

Taxes and Expenses

Tax Annual Amount:$15,071

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:$2,498
Association Fee Frequency:
  • Monthly
Property Tax Status:Tax Reflects No Exemptions

Terms

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

Community

Pets Allowed?:
  • Yes
  • Conditional
Amenities Provided by the Homeowner's Association (HOA):
  • Library
  • Pool
  • Spa/hot Tub
  • Cabana
  • Clubhouse
  • Elevator(s)
  • Fitness Center
  • Beach Rights
Subdivision Name:MEI CONDO
Association Fee Includes:
  • Maintenance Grounds
  • Pool(s)
  • Security
  • Maintenance Structure
  • Common Areas
  • Amenities
Complex Name:MEI
Senior Community:No
Restrictions: OK To Lease

Parking

Garage:Yes
Garage Spaces:1
Covered Spaces:1
Parking Features:
  • One Space
  • Garage
  • Detached

More Details

Other Information:
Unit View: Ocean View,Direct Ocean,Skyline View
Housing Older Persons Act: Unverified
Unit Design: Split Level
Type of Association: Condo,Homeowners
Minimum Number of Days for Lease: 180
Type of Governing Bodies: Homeowner Association
Pet Fee: 0
Tax Information: Tax Reflects No Exemptions
Number of times allowed to lease per year: 2
Flood Zone : AE
Homeowner's Association Application Fee: 250
Style: Condo 5+ Stories
FEMA Flood Zone Designations: AE
Municipal Code: 2
Subdivision Number: 31
Buy State: New York
Buyer Country of Residence: USA
Water Access Description:Other

Zoning and Legal

Tax Legal Description:MEI CONDO UNIT 1005 UNDIV 0.633526310% INT IN COMMON ELEMENTS OFF REC 26354-2290
Real Estate Folio Number (Parcel Number):02-32-14-031-0750
Public Survey Township:2
Public Survey Range:32
Public Survey Section:14

Listing History

Update/EventDate/Days
Published Date:March 6, 2024 10:59 pm
On Market Date:March 6, 2024
Close Date:May 31, 2024
Price Change Date Time:March 6, 2024 10:59 pm
Last Important Update Description:Closed
Date and Time of Last Important Update:June 12, 2024 3:20 pm
Status Last Changed:June 12, 2024 3:20 pm
Photos Last Modified:March 7, 2024 5:15 am
Last Modified:June 12, 2024 7:21 pm
Days on the Market Reference Date:June 12, 2024
Days on the Market (updated on Last Modified*):37
Cumulative Days on the Market (updated on Last Modified**):37

Additional Information

Unit Location:Split Level
Number of Photos Count:33
Area:32
Ref ID:1062079541
Courtesy of:Peabody Real Estate, LLC
Universal Property Id:US-12025-N-0232140310750-R-N

Location

Show Property Address:Yes
Street Name:Collins Ave
Street Number:5875
Street Address:5875 Collins Ave 1005
Unit Number:1005
City : Miami Beach
State : Florida
Zip Code : 33140
County : Miami-Dade County
Full Address:5875 Collins Ave 1005, Miami Beach, FL 33140
Latitude:N25° 50' 27.2''
Longitude:W81° 52' 46.4''

Neighborhood

Postal City:Miami Beach

Property Map

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