1 month on rocket

5875 Collins Ave Unit 507, Miami Beach, FL, 33140

$1,850,000

Home List Price

$10,000*

Closing Credit

2 Bedrooms
2 Full Baths, 1 Partial
1,323 SqFt
$1,398/SqFt
Condo

Location

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5875 Collins Ave Unit 507, Miami Beach$1,850,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
ParkingTwo or More Spaces
Garage2 spaces
Year Built2008
HeatingCentral
CoolingCentral Air
WaterfrontOcean Front
ViewGarden, Intercoastal, Ocean, Other, Water
MLS #A11668609
StatusActive

About 5875 Collins Ave Unit 507

Enjoy this rarely available corner Lanai unit at the boutique MEi Miami Beach. This stunning 2 bed, 2.5 bath residence includes an expansive 1500 sqft terrace. Ideal for entertaining and sunrise and sunset views. The second bedroom features a murphy bed. The MEi is a boutique condominium with 134 residences, offering 5-star service, valet parking, beach access + service, a state-of-the-art pool, fitness center, library, steam room, spa, and more.

Property Details

Property Features

Property Information:

  • Architectural Style: Other
  • Year Built: 2008
  • Living Area: 1,323 SqFt

Listing Office:

  • Office Name: Douglas Elliman
  • Office Phone: (305) 677-5000
  • Listing Agent: Liora Rahimi

Interior Features

Interior Information:

  • Appliances: Oven, Dishwasher, Electric Range, Electric Water Heater, Microwave, Refrigerator, Washer
  • Flooring Type: Other
  • Interior: Built-in Features, Bedroom on Main Level, Breakfast Area, Dual Sinks, Kitchen Island, Split Bedrooms, Separate Shower

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 2
  • Total Bedroom Count: 2

Exterior Features

Exterior Information:

  • Waterfront: Ocean Front
  • View: Garden, Intercoastal, Ocean, Other, Water
  • Exterior: Balcony, Barbecue, Security/High Impact Doors

Parking Information:

  • Garage Space: 2 spaces
  • Parking: Two or More Spaces

Virtual/3D Tour

  • Virtual Tour: 5875 Collins Ave Unit 507
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Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,850,000
  • Price Per SqFt: $1,398/SqFt

HOA Fees:

  • Amount: $2989
  • 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

5875 Collins Ave Unit 507 vs Miami Beach

50 DAYS ON ROCKET

-51 Days

$1,850,000

+$1.2M More

$1,398/SqFt

+$797 More

KEY TAKEAWAY

This property is $1.2M more than the Median Sold Price and $797/SqFt more 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: #A11668609

Listing Office:

  • Office Name: Douglas Elliman
  • Office Phone: (305) 677-5000
  • Listing Agent: Liora Rahimi

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: 11/21/2024, 11:20:48 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

$12.2K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$5,613

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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-456881
6
/10

  • Biscayne Elementary School

  • 800 77th St

  • 1.46 miles

  • Public District Grades PK-5

school-card-donut-456882
7
/10

  • Treasure Island Elementary School

  • 7540 E Treasure Dr

  • 1.71 miles

  • Public District Grades PK-5

school-card-donut-456883
8
/10

  • North Beach Elementary School

  • 4100 Prairie Ave

  • 1.97 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 $46,400. Typical income of Miami Beach, FL residents is between $35k-100k annually. Most families are single, no kids. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 5875 Collins Ave Unit 507

What is the listing price of this property?

The listing price of 5875 Collins Ave Unit 507 property is $1,850,000.

What type of property is this?

The property 5875 Collins Ave Unit 507 is a condo located in Miami Beach, Florida, 33140.

Is this property for sale now?

Active Listing: 5875 Collins Ave Unit 507 is For Sale (Active/New) which means the seller is accepting offers.

How many bedrooms and bathrooms does this property have?

The property at 5875 Collins Ave Unit 507 has 2 bedrooms and 2 full and 1 half bathrooms.

What is the square footage of this property?

The property 5875 Collins Ave Unit 507 is 1,323 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 5875 Collins Ave Unit 507 is 2008.

Rocket Homes›Florida›Miami-Dade County›Miami Beach›33140›5875 Collins Ave Unit 507

This home is located at 5875 Collins Ave Unit 507 in Miami Beach, FL and zip code 33140 in the Ocean Front neighborhood. This 1,323 square foot home was built in 2008. Features: 2 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since October 02, 2024 and is currently priced at $1,850,000.

Miami Beach, FL housing market in October 2024 saw over 6 listings sold above listed price, more than 9 sold at listed price and over 77 sold below. The number of homes for sale in Miami Beach, FL increased by 15.1% between September 2024 and October 2024. While the average time on the market in October 2024 was 101 days, the median list price was $604,583.

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

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