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$899,000

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

  • 85 days on market
    • Price drop $21,000↓
Fully furnished 1 bedroom 1.5 bathroom South facing unit at the Mei. This condo, decorated with warm tones, offers an open floor plan with kitchen island, integrated wine cooler and more, sliding French doors opening to the primary suite to enhance the space and the beautiful views of the Ocean and the Miami skyline. The living spaces open seamlessly to the oversized terrace. The Mei condo is an elegant and fully remodeled full service condominium offering 24 hours concierge, valet, beach service, fitness center and spa, a private and elegant pool deck with several cabanas, indoor and outdoor lounge area and even a pet garden area. Wake up to the oceanfront lifestyle, walk on the sand or jog/bike along the beautiful boardwalk. Yes, you have found the perfect pied a terre in Miami Beach.

Details

Property type

Condominium

Est. home value

$797,438

Lot size

Unknown

Price per sq ft

$1,156

Year built

2008

Annual property taxes

$11,928

Monthly HOA fee

$1,817

Price History

03/03/2025
SEF

SEF #A11716432

Price change
$899,000
-2.28%
02/25/2025
SEF

SEF #A11716432

Price change
$920,000
-1.6%
01/02/2025
SEF

SEF #A11716432

Listed
$935,000
-1.58%

Schools & Community

Neighborhood: 

Oceanfront

Elementary school: 

North Beach

Middle school: 

Nautilus

High school: 

Miami Beach

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: 04/01/2025 at 9:10 PM

Listing updated: 03/20/2025 at 12:05 PM

Listed by: Stefania Cambarau, Douglas Elliman Phone #: (305) 695-6060

MLS: SEF #A11716432

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