5875 Collins Ave 708, Miami Beach, FL 33140 — MLS photo

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5875 Collins Ave 708, Miami Beach, FL 33140

Active · Condominium

$2,550,000

5875 Collins Ave 708, Miami Beach, FL 33140

Beds
3
Baths
4
Living area
1,742 sq ft
$ / sq ft
$1,464/sq ft
Year built
2008
Lot size
—
HOA fee
$4,536 Monthly
Annual tax
$32,000

About this property

BE ONE OF THE VERY FEW TO OWN AND LIVE AT MEI, A REFINED BOUTIQUE OCEANFRONT CONDOMINIUM OF ONLY 134 DWELLINGS, AT THE NORTHERN END OF MIAMI BEACH MILLONAIRES ROW, RIGHT NEXT TO THE EMBLEMATIC BATH CLUB. THE ASIAN INSPIRED LOBBY GREETS YOU TO AMAZING AMENITIES THAT INCLUDE GYM WITH SAUNA, STEAM ROOM AND MASSAGE ROOM; AND A LOUNGE AREA WITH LIBRARY THAT CAN BE RESERVED FOR PRIVATE EVENTS. OUTDOORS THE HEATED POOL DECK WITH SEPARATE JACUZZI LEADS TO THE SCENIC BEACHWALK THAT RUNS ALONG 9 MILES FROM SOUTH POINT PARK TO BAL HARBOUR JETTY, PERFECT FOR WALKING, JOGGING OR BIKING, PASSING ICONIC HOTELS AND OCEAN VIEWS.  BEYOND THE BEACHWALK, MEI OFFERS COMPLETE BEACH SERVICES TO ITS RESIDENTS AND THEIR GUESTS. RESIDENCE 708 IS AN EXPANSIVE 3 BEDROOM AND 3.5 BATHROOM UNIT SUROUNDED BY ALMOST 300 SQ FT OF TERRACE WITH VIEWS TO THE CITY, THE INTRACOASTAL AND THE OCEAN. ALL ROOMS HAVE FLOOR TO CEILING HIGH IMPACT GLASS WINDOWS WITH SLIDING DORS OPENING TO THE TERRACE. THE UNIT COMES FULLY EQUIPPED WITH THE CUSTOMARY APPLIANCES AND CENTRAL COOLING AND HEATING.

Property location

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5875 Collins Ave 708, Miami Beach, FL 33140

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Facts & features

Interior

Bedrooms
3
Bathrooms
4
Living area
1,742 sq ft
Flooring
Marble
Appliances
Dryer, Dishwasher, Electric Range, Electric Water Heater, Microwave, Refrigerator, Washer
Cooling
Central Air
Heating
Central
Interior features
Built In Features, Bedroom On Main Level, Bathtub, Closet Cabinetry, Dual Sinks, First Floor Entry, Kitchen Island, Custom Mirrors, Split Bedrooms, Separate Shower
Furnished
Unfurnished

Exterior & Structure

Property type
Condominium
Year built
2008
Stories
22
Architectural style
High Rise
Construction
Block
Exterior features
Balcony
Pool
Heated
Waterfront
Ocean Access, Ocean Front
View
Intercoastal, Ocean, Skyline

Parking

Garage spaces
2
Covered spaces
2
Parking features
Attached, Garage, Two Or More Spaces, Valet

HOA, Community & Financials

Association fee
$4,536 Monthly
Fee inclusions
Association Management, Amenities, Cable Tv, Insurance, Internet, Maintenance Grounds, Parking, Pools, Recreation Facilities, Security
Amenities
Bike Storage, Clubhouse, Fitness Center, Pool, Sauna, Spa Hot Tub, Elevators
Security
Door Man, Elevator Secured, Key Card Entry, Smoke Detectors
Pets allowed
Conditional, Yes
Annual tax
$32,000
Subdivision
MEI CONDO
County
Miami-Dade
Days on market
170
MLS listing ID
A12009377
Listing status
Active

Investment intelligence

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

-$11,645

Cap rate
0.2%
Net yield
0.2%
Cash-on-cash return
-19.6%
Gross yield
4.8%
Mortgage payment
$12,088/mo
Down payment
$637,500
Loan amount
$1,912,500
Annual NOI
$5,316

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