$3,600,000
$350K PRICE DROP

MEi 5875 Collins Ave Unit 1102 Miami Beach, FL 33140

Oceanfront Neighborhood

Estimated payment $27,065/month

Total Views 5,700
3 Beds
3.5 Baths
1,725 Sq Ft
$2,087 Price per Sq Ft

Highlights

  • Doorman
  • Ocean Front
  • Bike Room
  • North Beach Elementary School Rated A-
  • Wood Flooring
  • Patio

About This Home

Rarely available sought after Southeast corner with direct ocean views and the iconic Miami sunsets over the downtown skyline. This 3 bed/3.5 bath has brand new floors and remodeled kitchen complimented with floor-to-ceiling glass. Enjoy an 800 sf wrap-around terrace from your private corner residence to take in the sunrises over the ocean and sunsets over the skyline. The MEI is an Asian inspired boutique style, luxury building on Miami Beach’s Millionaire’s Row and provides sophistication, tranquility, and a modern feel. Its amenities include spa, gym, swimming pool, yoga room, Zen library, full beach service, valet, and concierge.

Listing Agent

Alyssa Brinegar Morgan

The Inside Network License #3302039

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $37,875

Year Built

  • Built in 2008 | Remodeled

HOA Fees

  • $3,854 Monthly HOA Fees

Parking

  • 2 Car Garage

Property Views

Home Design

  • Concrete Block And Stucco Construction

Interior Spaces

  • 1,725 Sq Ft Home
  • Wood Flooring
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms

Outdoor Features

  • Property has ocean access
  • Patio

Additional Features

  • Ocean Front
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 02-32-14-031-0280

Community Details

Overview

  • High-Rise Condominium
  • Mei Condo
  • Mei Condo Subdivision
  • 22-Story Property

Amenities

  • Doorman
  • Bike Room

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$37,875

Year Built

Built in 2008 | Remodeled

Lot Details

0

HOA Fees

$3,854 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 2008
  • Property Sub Type: Condominium
  • Architectural Style: Corner Unit, High Rise
  • Entry Level: 11
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: None
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Condo 5+ Stories, Condo
  • Subdivision Name: MEI CONDO
  • Year Built Details: Newly Updated/Renovated
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher
  • Interior Amenities: First Floor Entry
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Flooring: Wood
  • Living Area: 1725
  • Stories: 22
  • Bedroom Features: Entry Level

Exterior Features

  • View: Ocean View, Direct Ocean, Skyline
  • Construction Type: CBS Construction
  • Patio And Porch Features: Patio
  • Pool Private: No
  • View: Yes
  • Waterfront Features: Ocean Access, Ocean Front
  • Waterfront: Yes

Garage/Parking

  • Park Building Name: MEI CONDO
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Parking Features: 2 Or More Spaces

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Security: Doorman

Condo/Co-op/Association

  • Association Fee: 3854
  • Amenities: Bike Storage
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo, Homeowners

Lot Info

  • Parcel Number: 02-32-14-031-0280
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Yes

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 37875

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $37,875 $1,856,248 -- --
2023 $37,875 $1,687,499 $0 $0
2022 $29,468 $1,534,090 $0 $0
2021 $26,928 $1,394,628 $0 $0
2020 $29,347 $1,515,900 $0 $0
2019 $30,921 $1,595,647 $0 $0
2018 $37,507 $1,994,611 $0 $0
2017 $39,983 $2,099,620 $0 $0
2016 $40,784 $2,099,620 $0 $0
2015 $41,598 $2,099,620 $0 $0
2014 $29,419 $1,447,976 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/15/2025 01/15/25 Rented $18,000 -99.5% --
01/06/2025 01/06/25 Under Contract -- -- --
12/02/2024 12/02/24 Price Changed $3,600,000 -4.0% $2,087 / Sq Ft
10/16/2024 10/16/24 Price Changed $3,750,000 -2.6% $2,174 / Sq Ft
07/29/2024 07/29/24 Price Changed $3,850,000 0.0% $2,232 / Sq Ft
05/20/2024 05/20/24 Price Changed $18,000 -10.0% $10 / Sq Ft
04/10/2024 04/10/24 Price Changed $20,000 0.0% $12 / Sq Ft
01/24/2024 01/24/24 For Sale $3,950,000 0.0% $2,290 / Sq Ft
10/25/2023 10/25/23 For Rent $22,000 -12.0% --
12/07/2021 12/07/21 Rented -- -- --
10/13/2021 10/13/21 For Rent $25,000 +163.2% --
12/07/2020 12/07/20 Rented $9,500 0.0% --
10/26/2020 10/26/20 For Rent $9,500 +18.8% --
10/31/2019 10/31/19 Rented $8,000 -5.9% --
07/17/2019 07/17/19 For Rent $8,500 0.0% --
06/19/2018 06/19/18 Rented $8,500 -10.5% --
06/19/2018 06/19/18 For Rent $9,500 0.0% --
04/11/2014 04/11/14 Sold $2,575,000 -13.9% $1,493 / Sq Ft
01/07/2014 01/07/14 Price Changed $2,990,000 -6.6% $1,733 / Sq Ft
11/11/2013 11/11/13 For Sale $3,200,000 -- $1,855 / Sq Ft
Source: MIAMI REALTORS® MLS

Deed History

Date Type Sale Price Title Company
Deed -- --
Deed $100 --
Warranty Deed -- Attorney
Warranty Deed $2,100,000 Attorney
Special Warranty Deed $1,170,000 Attorney
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,237,500 Adjustable Rate Mortgage/ARM
Previous Owner $1,200,000 Adjustable Rate Mortgage/ARM
Previous Owner $700,000 Balloon
Source: Public Records

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Source: MIAMI REALTORS® MLS

MLS Number: A11520046

MIAMI REALTORS® MLS

APN: 02-3214-031-0280