7 months on rocket

5225 Collins Ave Unit 1508, Miami Beach, FL, 33140

$550,000

Home List Price

$6,531*

Closing Credit

2 Bedrooms
2 Full Baths
960 SqFt
$573/SqFt
Condo

Location

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5225 Collins Ave Unit 1508, Miami Beach$550,000

Buyer Closing Credits

$6,531*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
ParkingOne Space
Garage1 space
Year Built1962
HeatingCentral
CoolingCentral Air
WaterfrontCanal, Ocean Access, Ocean Front
ViewCanal, Intercoastal, Ocean
MLS #A11588779
StatusActive

About 5225 Collins Ave Unit 1508

This beautiful 2/2 unit at the Alexander Hotel offers ocean and bay views, a furnished and spacious unit features a split plan layout. Owners have the option to enroll in the Hotel Rental Program to generate income while not using.The maintenance fee covers electricity, central AC, Wi-Fi, hot water & cable ensuring a comfortable and hassle-free stay. there is a special assessment that ends on August 2025. Daily rental available. See attachement of rental policies provided by the association.

Property Details

Property Features

Property Information:

  • Architectural Style: High Rise
  • Year Built: 1962
  • Living Area: 960 SqFt

Listing Office:

  • Office Name: Urdapilleta Real Estate, LLC
  • Office Phone: (786) 381-3758
  • Listing Agent: Maria Porro Toyos

Interior Features

Interior Information:

  • Appliances: Dishwasher, Electric Range, Disposal, Microwave, Refrigerator
  • Flooring Type: Tile
  • Interior: Built-in Features, Bedroom on Main Level, Handicap Access, Custom Mirrors, Bar

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 2

Exterior Features

Exterior Information:

  • Waterfront: Canal, Ocean Access, Ocean Front
  • View: Canal, Intercoastal, Ocean
  • Exterior: Balcony, Deck, Security/High Impact Doors

Parking Information:

  • Garage Space: 1 space
  • Parking: One Space

Virtual/3D Tour

  • Virtual Tour: 5225 Collins Ave Unit 1508
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Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air

Price Information

Listing Price Info

Price Summary:

  • List Price: $550,000
  • Price Per SqFt: $573/SqFt

HOA Fees:

  • Amount: $1807
  • Frequency: Monthly
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Housing Market Comparison

See how this home compares to others in Miami Beach, FL.

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Miami Beach, FL

City

Med. Sold Price

$617.5K

Med. Price/SqFt

$605

Avg. Days On Market

97

# of Sold Homes

73

5225 Collins Ave Unit 1508 vs Miami Beach

215 DAYS ON ROCKET

+118 Days

$550,000

-$67.5K Less

$573/SqFt

-$32 Less

KEY TAKEAWAY

This property is $67.5K less than the Median Sold Price and $32/SqFt less than other homes in Miami Beach, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: SEFMIAMI
  • MLS Number: #A11588779

Listing Office:

  • Office Name: Urdapilleta Real Estate, LLC
  • Office Phone: (786) 381-3758
  • Listing Agent: Maria Porro Toyos

IDX © 2024 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This property is offered without respect to any protected classes in accordance with the law.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/23/2024, 11:55:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$4,620

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,715

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-1284860
8
/10

  • North Beach Elementary School

  • 4100 Prairie Ave

  • 1.26 miles

  • Public District Grades PK-5

school-card-donut-1284861
7
/10

  • Treasure Island Elementary School

  • 7540 E Treasure Dr

  • 1.99 miles

  • Public District Grades PK-5

school-card-donut-1284862
6
/10

  • Biscayne Elementary School

  • 800 77th St

  • 2.20 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $115,625. Residents of Miami Beach, FL typically earn between $35k-100k each year. Residents typically live in single, no kids family. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 5225 Collins Ave Unit 1508

What is the listing price of this property?

The listing price of 5225 Collins Ave Unit 1508 property is $550,000.

What type of property is this?

The property 5225 Collins Ave Unit 1508 is a condo located in Miami Beach, Florida, 33140.

Is this property for sale now?

Active Listing: 5225 Collins Ave Unit 1508 is For Sale (Active/New) which means the seller is accepting offers.

How many bedrooms and bathrooms does this property have?

The property at 5225 Collins Ave Unit 1508 has 2 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 5225 Collins Ave Unit 1508 is 960 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 5225 Collins Ave Unit 1508 is 1962.

Rocket Homes›Florida›Miami-Dade County›Miami Beach›33140›5225 Collins Ave Unit 1508

This home is located at 5225 Collins Ave Unit 1508 in Miami Beach, FL and zip code 33140 in the Ocean Front neighborhood. This 960 square foot home was built in 1962. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since May 22, 2024 and is currently priced at $550,000.

In November 2024 more than 2 listings in Miami Beach, FL were sold above the asking price. During the same period more than 6 listings were sold at asking price, while more than 65 were sold below. The inventory of homes for sale in Miami Beach, FL between October 2024 and November 2024 increased by 14.3%. While the average time on the market in November 2024 was 97 days, the median list price was $617,500.

From Rocket Homes Real Estate and based on county public records data.

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