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$775,000

Beds
2
Baths
2.0
sq ft
1,241

5005 Collins Ave Unit 506, Miami Beach, FL 33140

5005 Collins Ave Unit 506

Miami Beach, FL 33140

  • 29 days on market
Don't miss your opportunity to live in the heart of Miami Beach's iconic Millionaire’s Row. This spectacular, light filled 2/2 split floor plan unit is a unique find. Featuring two large bedrooms w/ walk in closets, kitchen w/ SS appliances, full size washer & dryer in unit & remodeled bathrooms. Watch spectacular sunsets from your balcony each evening w/ peaceful unobstructed direct intracoastal views. The building has undergone multiple renovations; high impact glass windows & doors, 40 & 50 yr certification completion. Amenities include 24-hour concierge & doorman, BBQ & picnic spaces, heated pool, gym, & on-site restaurant. Conveniently located near Fontainebleau, Soho Beach House and the Faena District. Accurate sqft 1,241. Unit rented for $3,100 per month until 8/27/25.

Details

Property type

Condominium

Est. home value

$881,399

Lot size

Unknown

Price per sq ft

$625

Year built

1964

Annual property taxes

$6,781

Monthly HOA fee

$1,500

Price History

10/07/2024
SEF

SEF #A11672833

Listed
$775,000
-7.74%
07/18/2024
SEF

SEF #A11608369

Removed
$840,000
06/19/2024
SEF

SEF #A11608369

Listed
$840,000
-1.18%

Schools & Community

Neighborhood: 

Oceanfront

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Movement Mortgage

Loan start date

January 2024

Original loan amount

$106,052

Est. remaining balance

Not provided

Interest rate

7.22%

Loan type

Credit Line (Revolving), 30 year

Seller

Claire Natoli and John Balian

Lender

Movement Mortgage

Loan start date

January 2024

Original loan amount

$106,052

Est. remaining balance

Not provided

Interest rate

7.22%

Loan type

Credit Line (Revolving), 30 year

Seller

Claire Natoli and John Balian

Lender

Citibank Federal Savings Bank

Loan start date

August 1999

Original loan amount

$100,000

Est. remaining balance

Not provided

Interest rate

7.65%

Loan type

New Conventional

Seller

Claire Natoli

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 11/05/2024 at 6:20 PM

Listing updated: 10/09/2024 at 9:08 PM

Listed by: Alison Pusey, Compass Florida, LLC Phone #: (305) 851-2820

MLS: SEF #A11672833

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