new - 4 days on rocket

5875 Collins Unit 501, Miami Beach, FL, 33140

$2,350,000

Home List Price

$10,000*

Closing Credit

2 Bedrooms
2 Full Baths, 1 Partial
1,322 SqFt
$1,778/SqFt
Condo

Location

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5875 Collins Unit 501, Miami Beach$2,350,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
ParkingTwo or More Spaces, Valet
Garage2 spaces
Year Built2008
HeatingCentral, Electric
CoolingCentral Air, Electric
WaterfrontWater Access, Ocean Front, Other
ViewOcean
MLS #A11714096
StatusActive

About 5875 Collins Unit 501

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.

Property Details

Property Features

Property Information:

  • Architectural Style: High Rise, Other
  • Year Built: 2008
  • Living Area: 1,322 SqFt

Listing Office:

  • Office Name: Compass Florida, LLC.
  • Office Phone: (305) 851-2820
  • Listing Agent: Matthew Dugow

Interior Features

Interior Information:

  • Appliances: Oven, Dryer, Dishwasher, Electric Range, Disposal, Microwave, Refrigerator, Self Cleaning Oven, Washer
  • Flooring Type: Ceramic Tile, Other
  • Interior: Breakfast Bar, Built-in Features, Bedroom on Main Level, Breakfast Area, Dual Sinks, First Floor Entry, Kitchen Island, Living/Dining Room, Main Living Area Entry Level, Pantry, Bar, Walk-In Closet(s)

Bedroom and Bathroom Information:

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

Exterior Features

Exterior Information:

  • Waterfront: Water Access, Ocean Front, Other
  • View: Ocean
  • Exterior: Balcony, Deck, Security/High Impact Doors, Porch

Parking Information:

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

Virtual/3D Tour

  • 3D Tour: 5875 Collins Unit 501
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Utilities

Utilities Information:

  • Heating: Central, Electric
  • Cooling: Central Air, Electric

Price Information

Listing Price Info

Price Summary:

  • List Price: $2,350,000
  • Price Per SqFt: $1,778/SqFt

HOA Fees:

  • Amount: $3303
  • 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

$644.8K

Med. Price/SqFt

$619

Avg. Days On Market

95

# of Sold Homes

95

5875 Collins Unit 501 vs Miami Beach

4 DAYS ON ROCKET

-91 Days

$2,350,000

+$1.7M More

$1,778/SqFt

+$1.1K More

KEY TAKEAWAY

This property is $1.7M more than the Median Sold Price and $1.1K/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: #A11714096

Listing Office:

  • Office Name: Compass Florida, LLC.
  • Office Phone: (305) 851-2820
  • Listing Agent: Matthew Dugow

IDX © 2025 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: 1/10/2025, 9:20:50 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.

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$15K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$7,112

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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-1707307
6
/10

  • Biscayne Elementary School

  • 800 77th St

  • 1.46 miles

  • Public District Grades PK-5

school-card-donut-1707308
7
/10

  • Treasure Island Elementary School

  • 7540 E Treasure Dr

  • 1.71 miles

  • Public District Grades PK-5

school-card-donut-1707309
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. The majority of Miami Beach, FL residents have income between $35k-100k annually. The majority of families are single, no kids. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 5875 Collins Unit 501

What is the listing price of this property?

The listing price of 5875 Collins Unit 501 property is $2,350,000.

What type of property is this?

The property 5875 Collins Unit 501 is a condo located in Miami Beach, Florida, 33140.

Is this property for sale now?

Active Listing: 5875 Collins Unit 501 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 Unit 501 has 2 bedrooms and 2 full and 1 half bathrooms.

What is the square footage of this property?

The property 5875 Collins Unit 501 is 1,322 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 5875 Collins Unit 501 is 2008.

Rocket Homes›Florida›Miami-Dade County›Miami Beach›33140›5875 Collins Unit 501

This home is located at 5875 Collins Unit 501 in Miami Beach, FL and zip code 33140 in the Ocean Front neighborhood. This 1,322 square foot home was built in 2008. Features: 2 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since January 06, 2025 and is currently priced at $2,350,000.

Miami Beach, FL housing market in December 2024 saw over 7 listings sold above listed price, more than 9 sold at listed price and over 79 sold below. In December 2024 in Miami Beach, FL there were 11.7% more homes for sale than in November 2024. The median list price of listings available in December 2024 was $644,836, while the average time on the real estate market was 95 days.

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

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