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$950,000

Beds
1
Baths
1.5
sq ft
778

5875 Collins Ave Unit 1004, Miami Beach, FL 33140

5875 Collins Ave Unit 1004

Miami Beach, FL 33140

  • 108 days on market
    • Price drop $40,000↓
This stunning oversized 1 bedroom, 1.5 bathroom residence with breathtaking views of the ocean & city awaits you at the elegant Mei Building. Located on the heart of Miami Beach, this boutique property offers spacious and luminous living space. The living area and primary bedroom opens to a large terrace perfect for entertaining. This residences features a Chef kitchen with top-of-the-line appliances, floor to ceiling windows and wood floors. Indulge in resort-like amenities, including beach and pool service, a fully-equipped gym, a rejuvenating spa, concierge, a tranquil tea room and valet parking.

Details

Property type

Condominium

Est. home value

$797,438

Lot size

Unknown

Price per sq ft

$1,222

Year built

2008

Annual property taxes

$9,387

Monthly HOA fee

$1,816

Price History

10/25/2024
SEF

SEF #A11649222

Price change
$950,000
-4.04%
09/05/2024
SEF

SEF #A11649222

Listed
$990,000
+22.22%
03/01/2023
SEF

SEF #A11304740

Sold
$810,000

Schools & Community

Neighborhood: 

Oceanfront

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Number of units in community: 

132

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

Cogent Bank

Loan start date

May 2023

Original loan amount

$650,000

Est. remaining balance

Not provided

Interest rate

6.12%

Loan type

New Conventional, 30 year

Seller

Michael A Mercadante and Jamie Forbes Mercadante

Lender

Cogent Bank

Loan start date

May 2023

Original loan amount

$650,000

Est. remaining balance

Not provided

Interest rate

6.12%

Loan type

New Conventional, 30 year

Seller

Michael A Mercadante and Jamie Forbes Mercadante

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: 12/22/2024 at 3:10 PM

Listing updated: 11/20/2024 at 3:26 PM

Listed by: Romina Grinberg, Compass Florida, LLC Phone #: (305) 851-2820

MLS: SEF #A11649222

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