$1,900,000
SOLD FEB 10, 2025

MEi 5875 Collins Ave Unit 501 Miami Beach, FL 33140

Oceanfront Neighborhood
2 Beds
2.5 Baths
1,322 Sq Ft
$3,303/mo HOA Fee

Recently Sold

$1,437 Per Sq Ft

19% Below List Price

21 Days on Market

Highlights

  • Doorman
  • Ocean Front
  • Fitness Center
  • North Beach Elementary School Rated A-
  • Community Cabanas
  • Clubhouse

About This Home

As of February 2025

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.

Last Agent to Sell the Property

Matthew Dugow

Compass Florida, LLC. License #3275887

Compass Florida, LLC.

Last Buyer's Agent

Charles Andrews

Aperture Global Real Estate License #3290826

Aperture Global Real Estate

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $23,377

Year Built

  • Built in 2008 | Remodeled

Lot Details

  • Ocean Front
  • Property fronts an intracoastal waterway
  • East Facing Home

HOA Fees

  • $3,303 Monthly HOA Fees

Parking

  • 2 Car Garage

Home Design

  • Concrete Block And Stucco Construction

Interior Spaces

  • 1,322 Sq Ft Home
  • Furnished
  • Built-In Features
  • Blinds
  • Combination Dining and Living Room
  • Ceramic Tile Flooring

Kitchen

  • Breakfast Area or Nook
  • Built-In Self-Cleaning Oven
  • Electric Range
  • Microwave
  • Dishwasher
  • Cooking Island
  • Snack Bar or Counter
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet
  • Dual Sinks
  • Shower Only

Laundry

  • Dryer
  • Washer

Home Security

Outdoor Features

  • Deck
  • Porch

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 02-32-14-031-0030

Community Details

Overview

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

Amenities

  • Doorman
  • Valet Parking
  • Trash Chute
  • Community Library
  • Secure Lobby
  • Bike Room

Recreation

  • Community Cabanas
  • Community Spa

Pet Policy

  • Breed Restrictions

Security

  • Card or Code Access
  • Secure Elevator
  • High Impact Windows
  • High Impact Door
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$23,377

Year Built

Built in 2008 | Remodeled

Lot Details

0

HOA Fees

$3,303 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 2008
  • Property Sub Type: Condominium
  • Architectural Style: Corner Unit, High Rise
  • Entry Level: 5
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: Deeded Beach Access,Other
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Condo 5+ Stories, Condo
  • Subdivision Name: MEI CONDO,MEI CONDOMINIUM
  • Year Built Details: Newly Updated/Renovated
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Electric Range, Refrigerator, Self Cleaning Oven, Wall Oven, Washer
  • Interior Amenities: First Floor Entry, Bar, Built-in Features, Cooking Island, Pantry, Walk-In Closet(s)
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Door Features: High Impact Doors
  • Flooring: Ceramic Floor, Other
  • Furnished: Furnished, Turn Key Furnished
  • Living Area: 1322
  • Possible Use: Unknown/Withheld
  • Stories: 22
  • Window Features: Clear Impact Glass, Blinds, High Impact Windows
  • Bedroom Features: Entry Level, Primary Bath Shower
  • Dining Room Features: Breakfast Area, Dining/Living Room, Snack Bar/Counter
  • Master Bathroom Features: Dual Sinks

Exterior Features

  • View: Ocean View, Direct Ocean
  • Exterior Features: Other, Open Balcony
  • Construction Type: CBS Construction
  • Direction Faces: East
  • Patio And Porch Features: Deck, Open Balcony, Open Porch, Wrap Around
  • Pool Private: Yes
  • View: Yes
  • Waterfront Features: Intracoastal Front, Ocean Front, Waterfront
  • Waterfront: Yes

Garage/Parking

  • Park Building Name: MEI CONDOMINIUM
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Parking Features: 2 Or More Spaces, Valet

Utilities

  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Security: Fire Alarm, Smoke Detector, Doorman, Elevator Secure, Card Entry, Lobby Secured

Condo/Co-op/Association

  • Association Fee: 3303
  • Amenities: Bike Storage, Cabana, Clubhouse-Clubroom, Elevator(s), Exercise Room, Heated Pool, Library, Other, Pool, Private Pool, Spa/Hot Tub, Trash Chute
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Lot Info

  • Parcel Number: 02-32-14-031-0030
  • 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: 2024
  • Tax Annual Amount: 23377

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

Property History

Date Event Price Change Sq Ft Price
02/10/2025 02/10/25 Sold $1,900,000 -19.1% $1,437 / Sq Ft
01/17/2025 01/17/25 Pending -- -- --
12/27/2024 12/27/24 For Sale $2,350,000 +9.3% $1,778 / Sq Ft
12/14/2021 12/14/21 Sold $2,150,000 0.0% $1,626 / Sq Ft
10/27/2021 10/27/21 Pending -- -- --
10/12/2021 10/12/21 For Sale $2,150,000 +115.0% $1,626 / Sq Ft
10/17/2019 10/17/19 Sold $1,000,000 -13.0% $756 / Sq Ft
09/19/2019 09/19/19 Pending -- -- --
09/13/2019 09/13/19 For Sale $1,150,000 -- $870 / Sq Ft
Source: MIAMI REALTORS® MLS

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 $23,377 $1,316,598 -- --
2023 $23,377 $1,278,251 $0 $0
2022 $22,543 $1,241,021 $0 $0
2021 $16,809 $911,484 $0 $0
2020 $16,613 $898,900 $0 $0
2019 $20,096 $1,037,000 $0 $0
2018 $21,128 $1,273,700 $0 $0
2017 $20,734 $945,309 $0 $0
2016 $21,310 $859,372 $0 $0
2015 $17,830 $781,248 $0 $0
2014 $17,460 $710,226 $0 $0
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,425,000 New Conventional
Closed $1,425,000 New Conventional
Previous Owner $1,350,000 New Conventional
Previous Owner $500,000 Credit Line Revolving
Previous Owner $6,000 No Value Available
Source: Public Records

Deed History

Date Type Sale Price Title Company
Warranty Deed $1,900,000 Global America Title Services
Warranty Deed $1,900,000 Global America Title Services
Warranty Deed $2,150,000 Strang Adams Pa
Deed $1,000,000 Attorney
Special Warranty Deed $840,000 Attorney
Source: Public Records

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Source: MIAMI REALTORS® MLS

MLS Number: A11714096

MIAMI REALTORS® MLS

APN: 02-3214-031-0030