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$2,595,000

Beds
2
Baths
2.5
sq ft
1,322

5875 Collins Ave Unit 501, Miami Beach, FL 33140

5875 Collins Ave Unit 501

Miami Beach, FL 33140

  • 293 days on market
    • Price drop $355,000↓
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.

Details

Property type

Condominium

Est. home value

$2,357,843

Lot size

Unknown

Price per sq ft

$1,963

Year built

2008

Annual property taxes

$23,377

Monthly HOA fee

$2,986

Price History

10/31/2024
SEF

SEF #A11544184

Price change
$2,595,000
-12.03%
06/10/2024
SEF

SEF #A11544184

Price change
$2,950,000
-10.47%
04/16/2024
SEF

SEF #A11544184

Price change
$3,295,000
-10.83%

Schools & Community

Neighborhood: 

Oceanfront

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Number of units in community: 

134

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

Jpmorgan Chase Bank Na

Loan start date

December 2021

Original loan amount

$1,350,000

Est. remaining balance

$1,264,741

Interest rate

3.14%

Loan type

New Conventional, 30 year

Seller

Perry Rahbar

Lender

Jpmorgan Chase Bank Na

Loan start date

December 2021

Original loan amount

$1,350,000

Est. remaining balance

$1,264,741

Interest rate

3.14%

Loan type

New Conventional, 30 year

Seller

Perry Rahbar

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 8:15 PM

Listing updated: 10/31/2024 at 7:40 AM

Listed by: Matthew Dugow, Compass Florida, LLC. Phone #: (305) 851-2820

MLS: SEF #A11544184

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