NOT LISTED FOR SALE

Tower House 5500 Collins Ave Unit 701 Miami Beach, FL 33140

Oceanfront Neighborhood

Estimated Value: $1,324,000 - $1,473,782

3 Beds
5 Baths
2,868 Sq Ft
$3,495/mo HOA Fee

Last Sold April 29, 2024

Last sale price $1,270,000 $443 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $12,035/month

318 Days on Market

Highlights

  • Doorman
  • Ocean View
  • Boat Dock
  • North Beach Elementary School Rated A-
  • Property has ocean access
  • Boat Lift

About This Home

As of April 2024

Largest condo on Millionaires Row ready to make it your own. Features wide corner balcony panoramic views of Indian Creek waterway. Oversized unit, seamless indoor outdoor living space, water views from every room. Eat in kitchen, custom cabinets and bar. Feels like a home w/ many separate living spaces. Master bedroom w/ his + her bathrooms +walk in closets. Lg. corner office (or 3rd BD). New Impact glass balconies. White glove full service bldg: 24hr concierge, valet, restaurant ,gym, waterfront pool + tennis+ waterfront dog park! 4 units per floor. Close to Bal Harbor, South Beach, FAENA District, Design District. Prime Miami Beach location across from the beach, *Some images have been virtually staged.* Unit is empty and no current assessments.

Last Listed By

Melissa DeLisle

One Sotheby's International Re License #3187675 Listed on: 05/16/2023

One Sotheby's International Re

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $9,491

Year Built

  • Built in 1974

HOA Fees

  • $3,495 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Secured Garage or Parking
  • Assigned Parking

Property Views

Interior Spaces

  • 2,868 Sq Ft Home
  • Built-In Features
  • Plantation Shutters
  • Drapes & Rods
  • Blinds
  • Entrance Foyer
  • Storage Room
  • Washer and Dryer Hookup
  • Wood Flooring

Kitchen

  • Electric Range
  • Microwave
  • Ice Maker
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Sitting Area In Primary Bedroom
  • Main Floor Bedroom
  • Closet Cabinetry
  • Walk-In Closet
  • In-Law or Guest Suite
  • Dual Sinks
  • Roman Tub
  • Shower Only in Primary Bathroom

Home Security

Outdoor Features

  • Property has ocean access
  • Boat Lift
  • Deeded Boat Dock
  • Balcony

Schools

  • North Beach Elementary School
  • Nautilus Middle School
  • Miami Beach High School

Additional Features

  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 02-32-14-008-0240

Community Details

Overview

  • Tower House Condos
  • Towerhouse Condo Subdivision
  • 25-Story Property

Amenities

  • Doorman
  • Elevator
  • Secure Lobby
  • Bike Room
  • Community Storage Space

Recreation

  • Boat Dock
  • Community Basketball Court
  • Community Cabanas

Pet Policy

  • Pets Allowed
  • Pet Size Limit

Security

  • Complete Impact Glass
  • High Impact Door
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$9,491

Year Built

Built in 1974

Lot Details

0

HOA Fees

$3,495 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 1974
  • Property Sub Type: Condominium
  • Architectural Style: Corner Unit
  • Entry Level: 7
  • Road Frontage Type: Bay
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: Boatlift,Deeded Dock,Dock Available,Unrestricted Salt Water Access, Lift,Other Water Access
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Condo 5+ Stories, Condo
  • Subdivision Name: TOWERHOUSE CONDO
  • Year Built Details: Resale
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Ice Maker, Microwave, Electric Range, Refrigerator
  • Interior Amenities: Lobby, Bar, Built-in Features, Closet Cabinetry, Entrance Foyer, Roman Tub, Walk-In Closet(s), Separate Guest/In-Law Quarters, Storage
  • Full Bathrooms: 3
  • Half Bathrooms: 2
  • Total Bedrooms: 3
  • Door Features: High Impact Doors
  • Entry Location: Foyer
  • Flooring: Wood
  • Furnished: Unfurnished
  • Living Area: 2868
  • Possible Use: Primary
  • Stories: 25
  • Window Features: Clear Impact Glass, Complete Impact Glass, Blinds, Drapes, Impact Glass, Plantation Shutters
  • Bedroom Features: At Least 1 Bedroom Ground Level, Primary Bath Shower, Sitting Area - Primary Bedroom
  • Living Room Features: Separate Guest/In-Law Quarters, Storage Room
  • Master Bathroom Features: Dual Sinks, Separate Tub & Shower

Exterior Features

  • View: Intracoastal View, Ocean View, Skyline
  • Exterior Features: Open Balcony
  • Patio And Porch Features: Open Balcony, Wrap Around
  • Pool Private: No
  • View: Yes
  • Waterfront Features: Ocean Access
  • Waterfront: Yes

Garage/Parking

  • Attached Garage: Yes
  • Park Building Name: Tower house
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Parking Features: 2 Or More Spaces, Assigned, Covered

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Laundry Features: Washer/Dryer Hook-Up
  • Security: Smoke Detector, Doorman, Secured Garage/Parking, Lobby Secured

Condo/Co-op/Association

  • Association Fee: 3495
  • Amenities: Basketball Court, Bike Storage, Boat Dock, Cabana, Elevator(s), Exercise Room, Storage, Heated Pool, Pool, Tennis Court(s)
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Schools

  • Elementary School: North Beach
  • High School: Miami Beach
  • Middle Or Junior School: Nautilus

Lot Info

  • Parcel Number: 02-32-14-008-0240
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Maximum 20 Lbs

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 9491

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 16, 2023
Closed on
Apr 29, 2024
Sold by
Miller Amalia and Amalia Miller 2016 Revocable Trust
Bought by
Alvarez William Daniel and Henningson Holly Anne
Seller's Agent
Melissa DeLisle
One Sotheby's International Re
Buyer's Agent
Marci DeClaris
Compass Florida, LLC.
List Price
$1,399,000
Sold Price
$1,270,000
Premium/Discount to List
-$129,000
-9.22%
Total Days on Market
318
Views
282
Current Estimated Value
$1,382,946

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$112,946
Avg. Annual Appreciation
9.28%
Original Mortgage
$695,000
Outstanding Balance
$689,534
Interest Rate
6.79%
Mortgage Type
New Conventional
Estimated Equity
$697,132

Purchase Details

Closed on
Feb 25, 2021
Sold by
Miller Amalia and Weinraub Amalia
Bought by
Miller Amalia and The Amalia Miller 2016 Revocab

Purchase Details

Closed on
Feb 23, 2011
Sold by
Bank Of America Na
Bought by
Weinraub Amalia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$303,750
Interest Rate
4.71%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 8, 2009
Sold by
Nash Martin J
Bought by
Schneider Linda and Sussman Deborah

Purchase Details

Closed on
Aug 20, 2004
Sold by
Fineberg Gladys
Bought by
Fineberg Gladys

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Alvarez William Daniel $1,265,000 None Listed On Document
Miller Amalia -- Accommodation
Weinraub Amalia -- Attorney
Weinraub Amalia $405,000 Attorney
Schneider Linda -- Attorney
Fineberg Gladys -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Alvarez William Daniel $695,000
Previous Owner Weinraub Amalia $303,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/29/2024 04/29/24 Sold $1,270,000 -2.2% $443 / Sq Ft
03/29/2024 03/29/24 Pending -- -- --
03/25/2024 03/25/24 Price Changed $1,299,000 -7.1% $453 / Sq Ft
03/04/2024 03/04/24 For Sale $1,399,000 0.0% $488 / Sq Ft
03/04/2024 03/04/24 Pending -- -- --
12/15/2023 12/15/23 Price Changed $1,399,000 -6.7% $488 / Sq Ft
11/16/2023 11/16/23 Price Changed $1,499,000 -31.9% $523 / Sq Ft
05/16/2023 05/16/23 For Sale $2,200,000 -- $767 / Sq Ft
Source: MIAMI REALTORS® MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $9,857 $1,014,490 -- --
2023 $9,857 $562,749 $0 $0
2022 $9,491 $546,359 $0 $0
2021 $9,452 $530,446 $0 $0
2020 $9,338 $523,123 $0 $0
2019 $9,119 $511,362 $0 $0
2018 $8,665 $501,828 $0 $0
2017 $8,582 $491,507 $0 $0
2016 $8,563 $481,398 $0 $0
2015 $8,671 $478,052 $0 $0
2014 $8,819 $474,258 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Melissa DeLisle

    Seller's Agent in 2024

    Melissa DeLisle

    One Sotheby's International Re

    (786) 419-5753

    Section Image
  • Marci DeClaris

    Buyer's Agent in 2024

    Marci DeClaris

    Compass Florida, LLC.

    (305) 498-2755

    4 in this area

    32 Total Sales

    Marci DeClaris
    Section Image
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About Tower House

Map

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Source: MIAMI REALTORS® MLS

MLS Number: A11387214

MIAMI REALTORS® MLS

APN: 02-3214-008-0240

Florida Miami/Dade County Miami Beach 33140 Oceanfront

5500 Collins Ave Unit 701, Miami Beach, FL

Homes for Sale in Miami Beach, FL

This home is located at 5500 Collins Ave Unit 701, Miami Beach, FL 33140 since 16 May 2023 and is currently estimated at $1,382,946, approximately $482 per square foot. This property was built in 1974. 5500 Collins Ave Unit 701 is a home located in Miami-Dade County with nearby schools including North Beach Elementary School, Nautilus Middle School, and Miami Beach Senior High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MIAMI REALTORS® MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.