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$490,000

Beds
2
Baths
2.0
sq ft
960

5225 Collins Ave Unit 614, Miami Beach, FL 33140

5225 Collins Ave Unit 614

Miami Beach, FL 33140

  • 338 days on market
    • Price drop $10,000↓
Motivated Seller! Experience the allure of Miami Beach from this stunning 2/2 condo located at The Alexander. Unit boasts magnificent ocean views and the option for short-term rentals. Take advantage of resort-style living with access to poolside cabanas, and fitness center. With two swimming pools, a coffee, wine, and dessert shop, and an onsite restaurant, residents will have plenty to keep them occupied. This pet-friendly condo also includes maintenance fees that cover utilities and services like electricity, cable, and valet parking. Beach chairs are available for owners, and boat docks can be arranged. Plus, an optional hotel rental program is available for added convenience. Bal Harbour and South Beach's dining and shopping options are within easy reach!

Details

Property type

Condominium

Est. home value

$530,968

Property condition

Updated/Remodeled

Lot size

Unknown

Price per sq ft

$511

Year built

1962

Annual property taxes

$5,136

Monthly HOA fee

$1,477

Price History

08/23/2024
SEF

SEF #A11480909

Price change
$490,000
-2%
07/20/2024
SEF

SEF #A11480909

Price change
$500,000
-2.91%
07/11/2024
SEF

SEF #A11480909

Price change
$515,000
-6.36%

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

Bac Florida Bank

Loan start date

February 2015

Original loan amount

$260,000

Est. remaining balance

Not provided

Interest rate

4.25%

Loan type

Adjustable Rate Mortgage, 30 year

Seller

Handsome Hiway Investments Llc

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?

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Status: Active

Tomo last checked: 10/05/2024 at 10:05 PM

Listing updated: 09/30/2024 at 5:28 PM

Listed by: Claudia Gonzales Moreno, DWK Realty Group LLC Phone #: (305) 395-7777

MLS: SEF #A11480909

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