Cays Realty
5875 Collins Ave 502, Miami Beach, FL 33140 — MLS photo

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5875 Collins Ave 502, Miami Beach, FL 33140

Active · Condominium

$3,000,000

5875 Collins Ave 502, Miami Beach, FL 33140

Beds
3
Baths
4
Living area
1,725 sq ft
$ / sq ft
$1,739/sq ft
Year built
2008
Lot size
—
HOA fee
$4,267 Monthly
Annual tax
$50,621

About this property

Southeast Corner 3 Bedroom 3.5 Bath Oceanfront Residence with a spacious 3,000 sq ft+ terrace on the Ocean. The Mei offers resort style amenities, beach, pool, concierge, state of the art gym, valet and tea room. Located on Collins Avenue close to shopping, entertainment, restaurants and all that Miami Beach has to offer.

Property location

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5875 Collins Ave 502, Miami Beach, FL 33140

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Facts & features

Interior

Bedrooms
3
Bathrooms
4
Living area
1,725 sq ft
Flooring
Other
Appliances
Built In Oven, Dryer, Dishwasher, Electric Range, Disposal, Microwave, Other, Refrigerator, Self Cleaning Oven, Washer
Cooling
Central Air, Electric
Heating
Electric
Interior features
Breakfast Bar, Built In Features, Bedroom On Main Level, Breakfast Area, Closet Cabinetry, Dual Sinks, Entrance Foyer, Jetted Tub, Living Dining Room, Main Level Primary, Main Living Area Entry Level, Split Bedrooms, Separate Shower, Walk In Closets

Exterior & Structure

Property type
Condominium
Year built
2008
Stories
22
Architectural style
High Rise
Construction
CBSConcrete Block Structure, Block
Exterior features
Balcony, Security High Impact Doors, Patio
Pool
Association
Waterfront
Ocean Access, Ocean Front
View
Ocean, Water

Parking

Garage spaces
0
Covered spaces
0
Parking features
Guest, Valet

HOA, Community & Financials

Association fee
$4,267 Monthly
Fee inclusions
Association Management, Amenities, Cable Tv, Insurance, Legal Accounting, Maintenance Structure, Parking, Pest Control, Pools, Recreation Facilities, Reserve Fund, Trash, Water
Amenities
Bike Storage, Clubhouse, Fitness Center, Library, Pool, Sauna, Spa Hot Tub, Trash, Elevators
Security
Door Man, Elevator Secured, Secured Garage Parking, Fire Sprinkler System, Smoke Detectors
Pets allowed
Conditional, Yes
Annual tax
$50,621
Subdivision
MEI CONDO
County
Miami-Dade
Days on market
259
MLS listing ID
A11958762
Listing status
Active

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Yield & ROI calculator

Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.

Estimated monthly cash flow

-$14,237

Cap rate
-0.0%
Net yield
-0.0%
Cash-on-cash return
-20.3%
Gross yield
4.5%
Mortgage payment
$14,222/mo
Down payment
$750,000
Loan amount
$2,250,000
Annual NOI
-$191

Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.