$1,890,000
$196K PRICE DROP

MEi 5875 Collins Ave Unit 1507 Miami Beach, FL 33140

Oceanfront Neighborhood

Estimated payment $14,515/month

Total Views 1,608
2 Beds
2.5 Baths
1,323 Sq Ft
$1,429 Price per Sq Ft

Highlights

  • Ocean Front
  • Private Beach Pavilion
  • Marble Flooring
  • North Beach Elementary School Rated A-
  • Fitness Center
  • Sauna

About This Home

Step into luxurious living with this perfect 2-bedroom, 2.5-bathroom corner unit at Mei, located in one of Miami Beach's most exclusive areas. The unit comes with high-quality appliances, a new washer/dryer and fridge, beautiful marble floors, and window treatments already installed. Line 07 is considered the best 2-bedroom, 2.5- bathroom line in the building. Enjoy stunning panoramic views from morning to night and take advantage of all the essential amenities. Mei offers a resort-style living experience with top-notch concierge service, including valet parking, beach service, a fantastic pool and fitness center, cold plunge, infrared sauna, tea lounge, library, spa, and more

Listing Agent

Yackeline Leiderman

Fortune Christie's Intl R.E. License #3231422

Fortune Christie's Intl R.E.

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $11,728

Year Built

  • Built in 2008

Lot Details

  • Ocean Front
  • Property Fronts a Bay or Harbor
  • East Facing Home

HOA Fees

  • $2,989 Monthly HOA Fees

Parking

  • 2 Car Garage

Property Views

Interior Spaces

  • 1,323 Sq Ft Home
  • Built-In Features
  • Combination Dining and Living Room
  • Marble Flooring

Kitchen

  • Self-Cleaning Oven
  • Electric Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Dual Sinks
  • Separate Shower in Primary Bathroom

Laundry

  • Laundry in Utility Room
  • Dryer
  • Washer

Home Security

Outdoor Features

  • Property has ocean access

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 02-32-14-031-1100

Community Details

Overview

  • 134 Units
  • Mei Condos
  • Mei Condo,Mei Subdivision
  • 22-Story Property

Amenities

  • Elevator
  • Secure Lobby
  • Bike Room

Recreation

  • Private Beach Pavilion
  • Community Spa

Pet Policy

  • Breed Restrictions

Security

  • High Impact Door
  • Fire and Smoke Detector
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$11,728

Year Built

Built in 2008

Lot Details

0

HOA Fees

$2,989 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 2008
  • Property Sub Type: Condominium
  • Architectural Style: Corner Unit
  • Entry Level: 1507
  • Road Frontage Type: Bay
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: Deeded Beach Access
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Condo 5+ Stories, Condo
  • Subdivision Name: MEI CONDO,MEI
  • Year Built Details: Resale
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Dryer, Electric Water Heater, Microwave, Electric Range, Refrigerator, Self Cleaning Oven, Washer
  • Interior Amenities: Built-in Features, Fire Sprinklers, Utility Room/Laundry
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Door Features: High Impact Doors
  • Flooring: Marble
  • Living Area: 1323
  • Stories: 22
  • Bedroom Features: Entry Level
  • Dining Room Features: Dining/Living Room
  • Living Room Features: Utility Room/Laundry
  • Master Bathroom Features: Dual Sinks, Separate Tub & Shower

Exterior Features

  • View: Bay, Direct Ocean, Water View
  • Exterior Features: Open Balcony
  • Construction Type: Concrete Block Construction
  • Direction Faces: East
  • Patio And Porch Features: Open Balcony
  • Pool Private: Yes
  • View: Yes
  • Waterfront Features: Ocean Access, Ocean Front
  • Waterfront: Yes

Garage/Parking

  • Park Building Name: MEI
  • 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
  • Laundry Features: Utility Room/Laundry
  • Security: Fire Sprinklers, Smoke Detector, Lobby Secured, Other

Condo/Co-op/Association

  • Association Fee: 2989
  • Amenities: Bike Storage, Elevator(s), Exercise Room, Private Beach Pavilion, Private Pool, Sauna, Spa/Hot Tub
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Lot Info

  • Parcel Number: 02-32-14-031-1100
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Restrictions Or Possible Restrictions

Multi Family

  • Number Of Units In Community: 134
  • Number Of Units Total: 134

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 11728

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 $11,728 $681,617 -- --
2023 $11,728 $661,765 $0 $0
2022 $11,297 $642,491 $0 $0
2021 $11,254 $623,778 $0 $0
2020 $11,120 $615,166 $0 $0
2019 $10,863 $601,336 $0 $0
2018 $10,325 $590,124 $0 $0
2017 $10,229 $577,987 $0 $0
2016 $10,208 $566,099 $0 $0
2015 $10,337 $562,164 $0 $0
2014 $10,515 $557,703 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/21/2025 04/21/25 Price Changed $1,890,000 -1.8% $1,429 / Sq Ft
03/10/2025 03/10/25 Price Changed $1,925,000 -3.1% $1,455 / Sq Ft
02/14/2025 02/14/25 Price Changed $1,987,200 -1.5% $1,502 / Sq Ft
01/27/2025 01/27/25 Price Changed $2,018,000 -3.3% $1,525 / Sq Ft
12/23/2024 12/23/24 For Sale $2,086,000 -- $1,577 / Sq Ft
Source: MIAMI REALTORS® MLS

Deed History

Date Type Sale Price Title Company
Special Warranty Deed $724,000 Attorney
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $297,180 No Value Available
Closed $362,000 Seller Take Back
Source: Public Records

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Source: MIAMI REALTORS® MLS

MLS Number: A11713614

MIAMI REALTORS® MLS

APN: 02-3214-031-1100