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Backup Offers

5255 Collins Ave Unit 5J, Miami Beach, FL, 33140

$699,000

Home List Price

$8,301*

Closing Credit

2 Bedrooms
2 Full Baths
2,425 SqFt
$288/SqFt
Condo

Location

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5255 Collins Ave Unit 5J, Miami Beach$699,000

Buyer Closing Credits

$8,301*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
ParkingAssigned, Covered, One Space
Garage1 space
Year Built1963
HeatingCentral
CoolingCentral Air
WaterfrontWater Access, Ocean Access
ViewOcean, Pool
MLS #A11663286
StatusAccepting Backup Offers
(Active Under Contract)

About 5255 Collins Ave Unit 5J

Incredible opportunity to refurbish an existing, spacious condominium within a one-mile-long oceanfront stretch in Mid Beach, bounded to the east by the Ocean and to the west by Indian Creek. Expansive 2425 sq ft of living space, not including a balcony, which is unique to the J line. The unit has partial ocean views & enjoys direct intercoastal sunset views. Design plans are included; it is the ideal time to modernize the unit. Iconic building sits on multiple acres on the beach. Undergoing an $18.5 MM renovation under its 40/50-year recertification. Full-time concierge, valet parking, a Fernando Wong-designed pool deck, a fitness center, cabanas, an outdoor BBQ, and private beach access. Fees include all utilities, and has a storage unit and an assigned garage parking space.

Property Details

Property Features

Property Information:

  • Architectural Style: High Rise
  • Year Built: 1963
  • Living Area: 2,425 SqFt

Listing Office:

  • Office Name: Premier Agent Network
  • Office Phone: (877) 663-9366
  • Listing Agent: Rajarengan Rajaratnam

Interior Features

Interior Information:

  • Appliances: Oven, Other
  • Flooring Type: Carpet, Other
  • Interior: Walk-In Closet(s)

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 2

Exterior Features

Exterior Information:

  • Waterfront: Water Access, Ocean Access
  • View: Ocean, Pool
  • Exterior: Other

Parking Information:

  • Garage Space: 1 space
  • Parking: Assigned, Covered, One Space

Virtual/3D Tour

  • Virtual Tour: 5255 Collins Ave Unit 5J
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Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air

Price Information

Listing Price Info

Price Summary:

  • List Price: $699,000
  • Price Per SqFt: $288/SqFt

HOA Fees:

  • Amount: $3481
  • 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

$604.5K

Med. Price/SqFt

$600

Avg. Days On Market

101

# of Sold Homes

92

5255 Collins Ave Unit 5J vs Miami Beach

62 DAYS ON ROCKET

-39 Days

$699,000

+$94.4K More

$288/SqFt

-$313 Less

KEY TAKEAWAY

This property is $94.4K more than the Median Sold Price and $313/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: #A11663286

Listing Office:

  • Office Name: Premier Agent Network
  • Office Phone: (877) 663-9366
  • Listing Agent: Rajarengan Rajaratnam

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: 11/22/2024, 7:20:49 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

$7,037

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,162

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NMLS#3030

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-708895
8
/10

  • North Beach Elementary School

  • 4100 Prairie Ave

  • 1.30 miles

  • Public District Grades PK-5

school-card-donut-708896
7
/10

  • Treasure Island Elementary School

  • 7540 E Treasure Dr

  • 1.97 miles

  • Public District Grades PK-5

school-card-donut-708897
6
/10

  • Biscayne Elementary School

  • 800 77th St

  • 2.16 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. Typical family type is single, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 5255 Collins Ave Unit 5J

What is the listing price of this property?

The listing price of 5255 Collins Ave Unit 5J property is $699,000.

What type of property is this?

The property 5255 Collins Ave Unit 5J is a condo located in Miami Beach, Florida, 33140.

Is this property for sale now?

Accepting Backup Offers: 5255 Collins Ave Unit 5J is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.

How many bedrooms and bathrooms does this property have?

The property at 5255 Collins Ave Unit 5J has 2 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 5255 Collins Ave Unit 5J is 2,425 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 5255 Collins Ave Unit 5J is 1963.

Rocket Homes›Florida›Miami-Dade County›Miami Beach›33140›5255 Collins Ave Unit 5J

This home is located at 5255 Collins Ave Unit 5J in Miami Beach, FL and zip code 33140 in the Ocean Front neighborhood. This 2,425 square foot home was built in 1963. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since September 21, 2024 and is currently priced at $699,000.

In October 2024, from all listings sold in Miami Beach, FL there were more than 6 sold above asking price, over 77 sold below and more than 9 were sold right at the asked price. The number of listings in Miami Beach, FL increased by 15.1% between September 2024 and October 2024. In October 2024 median list price was $604,583 and the average listing age was 101 days.

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

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